Report
Joe Gemino
EUR 147.86 For Business Accounts Only

TransCanada operates a diversified pipeline network, with a reasonable dividend yield.

TransCanada’s third-quarter earnings were highlighted by better-than-expected comparable earnings of CAD 622 million, exceeding our expectations of CAD 515 million.  Distributable cash flow for the quarter was CAD 1 billion, ahead of our expectations of CAD 830 million. Increases in performance were driven by increased earnings from the Columbia acquisition, ANR transportation and storage rate increases, and a higher contribution from the company's Mexican pipelines.
TransCanada also announced t...
Underlying
TC Energy Corporation

TransCanada is an energy company. Co. operates three business segments: natural gas pipeline, which transports natural gas across Canada, the U.S. and Mexico, and has regulated natural gas storage facilities in Michigan with a total capacity of 250 billion cubic ft.; liquids pipelines, which consists of wholly-owned and operated crude oil pipeline systems that connects Alberta and U.S. crude oil supplies to U.S. refining markets, as well as connecting U.S. crude oil supplies from the Cushing, OK hub to refining markets in the U.S Gulf Coast; and energy, which includes a portfolio of power generation assets in Canada and the U.S., and unregulated natural gas storage assets in Alberta.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Joe Gemino

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