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An Earnings Beat: Energy infrastructure provider TransCanada Corporation (TRP - Free Report) 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.
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 segment reported 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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TransCanada (TRP) Q4 Earnings Beat Estimates, Hikes Dividend
An Earnings Beat: Energy infrastructure provider TransCanada Corporation (TRP - Free Report) 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 segment reported 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.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
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