TransCanada Reports Strong Second Quarter 2018 Financial Results
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TransCanada (TRP) Tops Q2 EPS by 19c, Revenues Beat
August 2, 2018 7:35 AM EDTTransCanada (NYSE: TRP) reported Q2 EPS of $0.86, $0.19 better than the analyst estimate of $0.67. Revenue for the quarter came in at $3.2 billion versus the consensus estimate of $2.38 billion.
Highlights(All financial figures are unaudited and in Canadian dollars unless noted otherwise)
Second quarter 2018 financial resultsNet income attributable to common shares of $785 million or $0.88 per common shareComparable earnings of $768 million or $0.86 per common shareComparable earnings before interest, taxes, depreciation and amortization of $2.0 billionNet cash provided by operations of $1.8 billionComparable funds generated from operations of $1.5 billionComparable distributable cash flow of $1.3... More