TransCanada Reports Record First Quarter Financial Results

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Go back to TransCanada Reports Record First Quarter Financial Results

TransCanada (TRP) Tops Q1 EPS by 40c, Revenues Beat

May 3, 2019 7:34 AM EDT

TransCanada (NYSE: TRP) reported Q1 EPS of $1.07, $0.40 better than the analyst estimate of $0.67. Revenue for the quarter came in at $3.49 billion versus the consensus estimate of $2.38 billion.

"We are very pleased with the performance of our diversified and irreplaceable portfolio of high-quality, long-life energy infrastructure assets which continued to produce record financial results through the first quarter of 2019, said Russ Girling, TransCanadas president and chief executive officer. Comparable earnings per share increased nine per cent compared to the same period last year while comparable funds... More