TC PipeLines, LP announces 2020 third quarter financial results
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TC PipeLines LP (TCP) Tops Q3 EPS by 9c
November 10, 2020 7:35 AM ESTTC PipeLines LP (NYSE: TCP) reported Q3 EPS of $0.90, $0.09 better than the analyst estimate of $0.81.
Third quarter highlights (unaudited)
Generated net income attributable to controlling interests of $65 million;Paid cash distributions of $47 million;Declared cash distribution of $0.65 per common unit for the third quarter of 2020;Generated adjusted EBITDA of $117 million and distributable cash flow of $36 million;Continued permitting, engineering and construction activities on our PNGTS, GTN and Tuscarora growth projects;Continued to progress our North Baja XPress and Iroquois ExC... More