TC PipeLines LP (TCP) Reports Q4 EPS of $0.70

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Go back to TC PipeLines LP (TCP) Reports Q4 EPS of $0.70

TC PipeLines, LP Announces 2016 Fourth Quarter and Year End Financial Results

February 27, 2017 7:29 AM EST

HOUSTON, TEXAS -- (Marketwired) -- 02/27/17 -- TC PipeLines, LP (NYSE: TCP) (the Partnership) today reported fourth quarter 2016 net income attributable to controlling interests of $60 million and distributable cash flow of $67 million. For the year ended December 31, 2016, net income attributable to controlling interests was $244 million and distributable cash flow was $313 million.

"The Partnership delivered solid results in 2016, reflecting the strength and stability of our portfolio of high quality, FERC-regulated natural gas pipelines, all of which are underpinned by long-term, ship-or-pay contracts with creditworthy customers," said Brandon Anderson, president of TC PipeLines GP, Inc. "Our steady... More