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TransCanada (TRP) Q4 Earnings Beat Estimates, Hikes Dividend

An Earnings Beat: Energy infrastructure provider TransCanada CorporationTRP reported earnings per share of 76 cents, higher than the Zacks Consensus Estimate of 70 cents.

Estimate Revision Trend: Investors should note that the Zacks Consensus Estimate for the quarter has been unchanged in the last seven days.

Revenue Up: TransCanada reported revenues of C$3.9 billion, above the year-earlier sales of C$3.6 billion.

Zacks Rank & Surprise History: Currently, TransCanada carries a Zacks Rank #3 (Hold), which is subject to change following the earnings announcement.

(You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .)

Coming to earnings surprise history, the company has an excellent record: its beaten estimates in each of the last four quarters.

TransCanada Corporation Price and EPS Surprise

TransCanada Corporation Price and EPS Surprise | TransCanada Corporation Quote

Key Stats:Canadian Natural Gas Pipelines segment recorded comparable EBITDA of C$818 million, reflecting an increase of 44% from the year-ago quarter.

Comparable EBITDA generated from the U.S. Natural Gas Pipelines segment amounted to C$812 million, up 34% from a year ago

Mexico Natural Gas Pipelines segment's comparable EBITDA in the quarter under review came in at C$152 million, higher than C$116 million recorded in the corresponding quarter of the last year

Liquids Pipelines unit generated comparable EBITDA of C$538 million in the fourth quarter, improving from the year-ago quarter's C$401 million.

During the fourth quarter, the Energy segmen t report ed comparable EBITDA of C$167 million, down 22% year over year

Raises Dividend: TransCanada declared 75 Canadian cents quarterly dividend, 8.7% increase from prior dividend of 69 Canadian cents.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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