TC PipeLines, LP announces 2020 second quarter financial results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/3/2026
- S&P 500, Nasdaq eye tepid open as Middle East tensions weigh
- Fed’s Waller open to September rate hold - if disinflation holds up
- Broadcom raises AI chip forecast as Big Tech keeps writing bigger checks
- Nvidia to acquire AI platform Hugging Face in landmark $12.9B deal
- Tesla to unveil Cybercab Texas today, details are few
TC PipeLines LP (TCP) Tops Q2 EPS by 3c
August 5, 2020 7:36 AM EDTTC PipeLines LP (NYSE: TCP) reported Q2 EPS of $0.78, $0.03 better than the analyst estimate of $0.75.
Second quarter highlights (unaudited)
Generated net income attributable to controlling interests of $57 million;Paid cash distributions of $47 million;Declared cash distribution of $0.65 per common unit for the second quarter of 2020;Generated Adjusted EBITDA of $110 million and distributable cash flow of $55 million;Maintained no outstanding balance on our Senior Credit Facility;Continued permitting, engineering and construction activities on our PNGTS, GTN XPress and Tuscarora XPress projects;Continued to... More