TransCanada Reports Record Third Quarter Financial Results

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Go back to TransCanada Reports Record Third Quarter Financial Results

TransCanada (TRP) Tops Q3 EPS by 33c, Revenues Beat

November 1, 2018 7:33 AM EDT

TransCanada (NYSE: TRP) reported Q3 EPS of $1.00, $0.33 better than the analyst estimate of $0.67. Revenue for the quarter came in at $3.16 billion versus the consensus estimate of $2.38 billion.

Third quarter 2018 financial results

Net income attributable to common shares of $928 million or $1.02 per common shareComparable earnings of $902 million or $1.00 per common shareComparable earnings before interest, taxes, depreciation and amortization of $2.1 billionNet cash provided by operations of $1.3 billionComparable funds generated from operations of $1.6 billionComparable distributable cash flow of $1.4 billion or $1.56 per common share reflecting only non-recoverable maintenance capital... More