Topic: How To Invest

The Successful Investor Hotline – Friday, February 15, 2019

Article Excerpt

TRANSCANADA CORP., $56.74, Toronto symbol TRP, operates a 91,900-kilometre pipeline network that pumps natural gas from Alberta to eastern Canada and the U.S. Other operations include 4,900 kilometres of crude oil pipelines and 11 power plants. If you exclude unusual items, such as a gain on the sale of a wind farm, TransCanada’s overall earnings in the three months ended December 31, 2018, jumped 31.6%, to $946 million from $719 million a year earlier. Due to more shares outstanding, earnings per share gained 25.6%, to $1.03 from $0.82. That easily beat the consensus estimate of $0.96. Revenue in the quarter rose 7.9%, to $3.90 billion from $3.62 billion. That also beat the consensus forecast of $3.53 billion. The earnings and revenue gains are mainly due to higher volumes for the company’s Canadian oil pipelines. New gas pipelines and lower taxes on its U.S. operations also contributed to the increase. TransCanada continues to move ahead with longer-term projects totalling $20.7 billion. It could soon add…

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