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TC Pipelines LP (TCP)

Stock Price: $29.66 USD -0.80 (-2.63%)
Updated Oct 23, 2020 4:00 PM EDT - Market closed

Stock Price Chart

Key Info

Market Cap 2.17B
Revenue (ttm) 393.00M
Net Income (ttm) 277.00M
Shares Out 71.31M
EPS (ttm) 3.70
PE Ratio 8.02
Forward PE 8.55
Dividend $2.60
Dividend Yield 8.77%

Stock Quote

Trading Day Oct 23, 2020
Last Price $29.66
Previous Close $30.46
Change ($) -0.80
Change (%) -2.63%
Day's Open 30.52
Day's Range 29.31 - 30.67
Day's Volume 140,659
52-Week Range 18.00 - 44.65

More Stats

Market Cap 2.17B
Enterprise Value 4.07B
Earnings Date (est) Nov 10, 2020
Ex-Dividend Date Jul 31, 2020
Shares Outstanding 71.31M
Float 53.40M
EPS (basic) 3.70
EPS (diluted) 3.70
FCF / Share 3.89
Dividend $2.60
Dividend Yield 8.77%
Earnings Yield 12.47%
FCF Yield 12.76%
Payout Ratio 70.30%
Shares Short 627,136
Short Ratio 2.27
Short % of Float 1.17%
Beta 1.03
PE Ratio 8.02
Forward PE 8.55
P/FCF Ratio 7.84
PS Ratio 5.52
PB Ratio 3.17
Revenue 393.00M
Operating Income 212.00M
Net Income 277.00M
Free Cash Flow 277.00M
Net Cash -1.90B
Net Cash / Share -25.91
Gross Margin 88.97%
Operating Margin 53.94%
Profit Margin 67.20%
FCF Margin 70.48%
ROA 8.00%
ROE 39.28%
ROIC 7.90%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (11)

Buy 7
Overweight 1
Hold 3
Underweight 0
Sell 0

Analyst Consensus: Buy

Price Target

$39.30*
(32.50% upside)
Low
33.0
Current: $29.66
High
44.0
Target: 39.30
*Average 12-month price target from 10 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue40354942242641733634134335369.00
Revenue Growth-26.59%30.09%-0.94%2.16%24.11%-1.47%-0.58%-2.83%411.59%-
Gross Profit40354942242641733634134335369.00
Operating Income220-24522223822516623526930837.00
Net Income280-18225224837.00172155192216137
Shares Outstanding71.3071.3069.2065.7063.9062.7058.9053.5051.1046.20
Earnings Per Share3.74-2.683.163.21-0.032.672.132.513.022.91
EPS Growth---1.56%--25.35%-15.14%-16.89%3.78%-
Dividend Per Share2.602.953.883.663.463.303.183.103.042.94
Dividend Growth-11.86%-23.97%6.01%5.78%4.85%3.77%2.58%1.97%3.4%-
Operating Cash Flow412540376417260335272315340156
Capital Expenditures-75.00-40.00-29.00-29.00-54.00-10.00-15.00-36.00-163-9.00
Free Cash Flow337500347388206325257279177147
Cash & Equivalents83.0033.0033.0064.0039.0026.0025.0024.0029.003.60
Total Debt2,0032,1082,4031,9111,9031,6951,5781,028742514
Net Cash / Debt-1,920-2,075-2,370-1,847-1,864-1,669-1,553-1,004-713-510
Assets2,8532,8993,5593,3543,1263,3493,4433,5052,0821,651
Liabilities2,0932,2002,4912,0821,9751,7631,6541,083749538
Book Value6565919631,1441,1511,3521,3491,3011,3331,113
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name TC Pipelines LP
Country United States
CEO Nathan A. Brown

Stock Information

Ticker Symbol TCP
Stock Exchange New York Stock Exchange
Sector Energy
Industry Oil & Gas Midstream
Unique Identifier NYSE: TCP
IPO Date May 25, 1999

Description

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.