TCP PipeLines LP (TCP) Reports Q2 EPS of $0.66

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Go back to TCP PipeLines LP (TCP) Reports Q2 EPS of $0.66

TC PipeLines, LP Announces 2015 Second Quarter Financial Results

August 6, 2015 7:31 AM EDT

HOUSTON, TEXAS -- (Marketwired) -- 08/06/15 -- TC PipeLines, LP (NYSE: TCP) (the Partnership) today reported second quarter 2015 Partnership cash flows of $93 million and net income attributable to controlling interests of $44 million or $0.66 per common unit.

"Our portfolio of assets performed well in the second quarter. The long-term contracted nature of our business underpins our consistent results, especially during times of market volatility," said Steve Becker, President of TC PipeLines, GP, Inc. "Our cash available for distribution reflects higher seasonal revenues typical during the winter season. As well, our purchase of the remaining... More