TransCanada’s Fourth-Quarter Results Meet Our Expectations
TransCanada reported fourth-quarter comparable earnings of CAD 626 million and comparable distributable cash flow of CAD 964 million, compared with CAD 453 million and CAD 778 million, respectively, in the year-ago quarter. Both comparable earnings and distributable cash flow met our expectations. 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 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.
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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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