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.
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
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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