TransCanada Reports Another Strong Quarter, but Our Long-Term Outlook Remains Unchanged
During the first quarter, narrow-moat TransCanada generated comparable earnings of CAD 987 million, or CAD 1.07 per share, compared with CAD 864 million, or CAD 0.98 per share, in the year-ago period. Comparable earnings surprised to the upside compared with our expectations, driven by a faster-than-expected ramp-up of the company’s U.S. natural gas growth projects. The company also reported distributable cash flow of CAD 1.6 billion, which was also above our expectations.ÂThe Keystone XL remai...
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.
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.
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