TC PipeLines, LP announces 2020 second quarter financial results
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TC PipeLines LP (TCP) Tops Q2 EPS by 3c
August 5, 2020 7:36 AM EDTTC PipeLines LP (NYSE: TCP) reported Q2 EPS of $0.78, $0.03 better than the analyst estimate of $0.75.
Second quarter highlights (unaudited)
Generated net income attributable to controlling interests of $57 million;Paid cash distributions of $47 million;Declared cash distribution of $0.65 per common unit for the second quarter of 2020;Generated Adjusted EBITDA of $110 million and distributable cash flow of $55 million;Maintained no outstanding balance on our Senior Credit Facility;Continued permitting, engineering and construction activities on our PNGTS, GTN XPress and Tuscarora XPress projects;Continued to... More