How were TC PipeLines' earnings last quarter?

TC PipeLines, LP (NYSE:TCP) issued its earnings results on Wednesday, February, 24th. The pipeline company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.03. The pipeline company earned $104 million during the quarter, compared to analysts' expectations of $96.74 million. TC PipeLines had a trailing twelve-month return on equity of 36.55% and a net margin of 71.68%.

Is TC PipeLines a good dividend stock?

TC PipeLines (NYSE:TCP) pays an annual dividend of $2.60 per share and currently has a dividend yield of 8.61%. TCP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 69.52%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TCP will have a dividend payout ratio of 72.02% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for TCP .

What other stocks do shareholders of TC PipeLines own?

Based on aggregate information from My MarketBeat watchlists, some companies that other TC PipeLines investors own include BlackRock (BLK) , Xtrackers California Municipal Bond ETF (CA) , AT&T (T) , Energy Transfer (ET) , Verizon Communications (VZ) , Williams Partners (WPZ) , Pfizer (PFE) , Enterprise Products Partners (EPD) , Intel (INTC) and AbbVie (ABBV) .

NYSE:TCP

TC PipeLines (TCP) Stock Price, News & Analysis

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Notice: This company has been marked as potentially delisted and may not be actively trading.

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Today's Range: $30.21
▼
$30.21
50-Day Range: $29.12
▼
$30.21
52-Week Range: $18.00
▼
$39.69

Volume: N/A
Average Volume: 873,040 shs
Market Capitalization: $2.15 billion

P/E Ratio: 7.87
Dividend Yield: 8.61%
Price Target: N/A

Stock Analysis

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About TC PipeLines Stock (NYSE:TCP)

TC PipeLines, LP acquires, owns, and participates in the management of energy infrastructure businesses in North America. The company has interests in eight natural gas interstate pipeline systems that transport approximately 10.9 billion cubic feet per day of natural gas from producing regions and import facilities to market hubs and consuming markets primarily in the Western, Midwestern, and Eastern United States. It serves large utilities, local distribution companies, natural gas marketers, producing companies, and other interstate pipelines, including affiliates. TC PipeLines GP, Inc. operates as a general partner of the company. TC PipeLines, LP was founded in 1998 and is based in Houston, Texas.

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TCP Stock News Headlines

March 15, 2024 | msn.com

TC Energy to sell Prince Rupert pipeline project to Ksi Lisims LNG partners

February 9, 2024 | investing.com

Hess Midstream Partners LP (HESM)

April 16, 2024 | InvestorPlace (Ad)

“Forget Tesla, this is Elon’s Next Big Thing”

According to Forbes, this breakthrough could define the future of AI. Most people don’t know about it… Because it was found 750 miles away from Silicon Valley.

November 24, 2023 | yahoo.com

Oregon, Washington petitioning ‘disastrous’ PNW gas pipeline expansion

October 31, 2023 | msn.com

CORRECTED-TC Energy completes pipe installations at troubled Coastal GasLink project

October 19, 2023 | msn.com

Natural gas pipeline expansion in Pacific Northwest OK’d by feds despite protests

September 29, 2023 | investing.com

TCP Historical Data

August 5, 2023 | ca.finance.yahoo.com

TC Energy to operate pipelines in part of Virginia at reduced pressure

April 16, 2024 | InvestorPlace (Ad)

“Forget Tesla, this is Elon’s Next Big Thing”

According to Forbes, this breakthrough could define the future of AI. Most people don’t know about it… Because it was found 750 miles away from Silicon Valley.

July 26, 2023 | msn.com

TC Energy offloading 40 per cent stake in Columbia gas, gulf pipelines

July 26, 2023 | msn.com

TC Energy (TRP) Sells Pipeline Stake to GIP in a $3.9B Deal

July 26, 2023 | reuters.com

UPDATE 4-TC Energy isolates Columbia gas line section in Virginia, declares force majeure

June 8, 2023 | news.yahoo.com

What you need to know: Where TC Energy's pipeline project now stands and more

May 26, 2023 | msn.com

TC Energy asks regulator to put U.S.-Mexico gas pipeline into service

May 11, 2023 | msn.com

TC Energy stops construction on part of Coastal GasLink Pipeline

March 14, 2023 | yahoo.com

Kansas lawmakers grill Keystone pipeline operator on safety, payments after oil spill

January 10, 2023 | foxnews.com

Following Kansas spill, EPA, pipeline operator reach cleanup deal

January 9, 2023 | abcnews.go.com

EPA, pipeline operator reach deal to clean up Kansas spill

January 7, 2023 | reuters.com

U.S. pipeline regulator probing 60-barrel leak on Colonial's Line 3 -source

December 22, 2022 | msn.com

U.S. pipeline regulator reviewing special permits after Keystone oil spills -source

December 21, 2022 | reuters.com

U.S. pipeline regulator reviewing special permits after Keystone oil spills

December 17, 2022 | finance.yahoo.com

Traders Fret On Supply Challenges, On No Timelines For TC Pipelines-Backed Keystone Pipeline

September 7, 2022 | nz.finance.yahoo.com

California Endures Worst Days Of Severe, Relentless Heat Wave

September 7, 2022 | yahoo.com

The Great Cycle Challenge begins. What to know about the bicycling fundraiser

September 6, 2022 | benzinga.com

2021 Schedule K-3 tax information now available for former unitholders of TC PipeLines, LP

July 2, 2022 | thestreet.com

Brazil's Cell Companies Samba to New Heights

June 2, 2022 | reuters.com

Chemical maker TPC Group files pre-arranged bankruptcy

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Company Calendar

Last Earnings: 2/24/2021
Today: 4/16/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Oils/Energy
Industry: Natural Gas Transmission
Sub-Industry: N/A
Current Symbol: NYSE:TCP
Previous Symbol: NASDAQ:TCLP
CUSIP: N/A
CIK: 1075607
Web: www.tcpipelineslp.com
Phone: 877-290-2772
Fax: N/A
Employees: N/A
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $3.74
Trailing P/E Ratio: 7.87
Forward P/E Ratio: 7.67
P/E Growth: N/A
Net Income: $280 million
Net Margins: 71.68%
Pretax Margin: N/A
Return on Equity: 36.55%
Return on Assets: 9.62%

Debt

Debt-to-Equity Ratio: 2.20
Current Ratio: 0.60
Quick Ratio: 0.58

Sales & Book Value

Annual Sales: $403 million
Price / Sales: 5.35
Cash Flow: $4.99 per share
Price / Cash Flow: 6.06
Book Value: $10.66 per share
Price / Book: 2.83

Miscellaneous

Outstanding Shares: 71,306,000
Free Float: N/A
Market Cap: $2.15 billion
Optionable: Optionable
Beta: 0.96

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Key Executives

Mr. Nathaniel Alan Brown (Age 44)
Pres, Principal Exec. Officer & Director of TC PipeLines GP, Inc.
Mr. William C. Morris (Age 58)
VP, Principal Financial Officer & Treasurer of TC PipeLines GP, Inc.
Mr. Burton D. Cole CPA (Age 46)
Controller & Principal Accounting Officer of TC Pipelines GP, Inc.
Mr. Jon A. Dobson (Age 54)
Sec. of TC Pipelines GP Inc
Ms. Janine M. Watson (Age 51)
VP & GM of TC Pipelines GP Inc.
Ms. Rhonda L. Amundson (Age 59)
Mang., Investor Relations

Key Competitors

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TCP Stock Analysis - Frequently Asked Questions

How were TC PipeLines' earnings last quarter?: TC PipeLines, LP (NYSE:TCP) issued its earnings results on Wednesday, February, 24th. The pipeline company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.03. The pipeline company earned $104 million during the quarter, compared to analysts' expectations of $96.74 million. TC PipeLines had a trailing twelve-month return on equity of 36.55% and a net margin of 71.68%.
Is TC PipeLines a good dividend stock?: TC PipeLines (NYSE:TCP) pays an annual dividend of $2.60 per share and currently has a dividend yield of 8.61%. TCP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 69.52%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TCP will have a dividend payout ratio of 72.02% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TCP.
What other stocks do shareholders of TC PipeLines own?: Based on aggregate information from My MarketBeat watchlists, some companies that other TC PipeLines investors own include BlackRock (BLK), Xtrackers California Municipal Bond ETF (CA), AT&T (T), Energy Transfer (ET), Verizon Communications (VZ), Williams Partners (WPZ), Pfizer (PFE), Enterprise Products Partners (EPD), Intel (INTC) and AbbVie (ABBV).

This page (NYSE:TCP) was last updated on 4/16/2024 by MarketBeat.com Staff

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TC PipeLines (TCP) Stock Price, News & Analysis

About TC PipeLines Stock (NYSE:TCP)

TCP Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

TCP Stock Analysis - Frequently Asked Questions

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