TC PipeLines LP (TCP) Reports In-Line Q4 EPS

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TC PipeLines, LP announces 2020 fourth quarter and year-end financial results

February 24, 2021 8:30 AM EST

HOUSTON, Feb. 24, 2021 (GLOBE NEWSWIRE) -- TC PipeLines, LP (NYSE: TCP) (the Partnership) today reported fourth quarter 2020 net income attributable to controlling interests of $74 million and distributable cash flow of $76 million for the three months ended December 31, 2020. For the year ended December 31, 2020, net income attributable to controlling interests was $284 million and distributable cash flow was $255 million.

The Partnerships diversified portfolio of regulated, long-term contracted assets performed well in 2020 and generated solid operational results, said Nathan Brown, president of TC PipeLines, GP Inc. "With the COVID-19 pandemic front and center, our energy transportation services were... More