Company Information

  

Address: 700 LOUISIANA STREET, SUITE 700  
City: HOUSTON 
State: TX 
Zip Code: 77002-2700 
Telephone: (877) 290-2772 

Description of Business

Primary SIC Code: 4922
(As filed with the SEC)  

We are a publicly traded Delaware master limited partnership. Our common units trade on the New York Stock Exchange (NYSE) under the symbol TCP. We were formed by TransCanada Corporation and its subsidiaries (TransCanada) in 1998 to acquire, own and participate in the management of energy infrastructure businesses in North America. Our pipeline systems transport natural gas in the U.S. We are managed by our General Partner, which is an indirect, wholly-owned subsidiary of TransCanada. At December 31, 2017, subsidiaries of TransCanada own approximately 24.2 percent of our common units, 100 percent of our Class B units, 100 percent of our incentive distribution rights (IDRs) and an effective two percent general partner interest in us. See Part II, Item 5. "Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities" for more information regarding TransCanada's ownership in us.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
03/20183.430.65010.11
12/20173.161.00016.80
06/20173.131.00017.57
03/20173.160.94018.88
12/20163.210.94018.33
09/20160.250.940228.12
06/20160.300.940190.87
03/20160.190.890253.79

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity-0.26Total Liab/Total Assets0.73
Net Inc/Total Assets0.07Total Liab/Inv Cap0.76
Net Inc/Inv Cap0.07Total Liab/Comm Equity-2.70
Pretax Inc/Net Sales0.63Interest Coverage Ratio4.22
Net Inc/Net Sales0.60Curr Debt/EquityNA
Cash Flow/Net Sales0.89LTD/EquityNA
SG&A/NetSales0.09Total Debt/EquityNA
Asset Utilization   Liquidity  
Net Receivables Turnover9.48Quick Ratio0.82
Inventory Turnover8.93Current Ratio0.90
Inventory Day Sales0.02Net Rec/Curr Assets0.47
Net Sales/Work Cap-42.20Inv/Curr Assets0.09
Net Sales/PP&E0.20  

Income Statement (Millions)

  3/31/2018 12/31/2017 9/30/2017 6/30/2017
Total Revenues(Net Sales) 115.00 109.00 100.00 101.00
Cost of Goods Sold 16.00 20.00 16.00 17.00
Selling & Admin Exps 8.00 9.00 9.00 9.00
Operating Income 67.00 56.00 51.00 50.00
Interest Exp 23.00 23.00 23.00 19.00
Pretax Income 103.00 70.00 55.00 55.00
Other Income NA NA NA NA
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 96.00 66.00 54.00 55.00

Balance Sheet (Millions)

Assets 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Cash & Short Term Investments 68.00 33.00 73.00 51.00
Receivables - Total 50.00 42.00 35.00 37.00
Inventories - Total 7.00 8.00 7.00 7.00
Total Current Assets 143.00 90.00 121.00 100.00
Net Property, Plant & Equipment 2,105.00 2,123.00 2,133.00 2,148.00
Total Assets 3,604.00 3,559.00 3,591.00 3,516.00
Liabilities        
Accounts Payable 64.00 49.00 57.00 73.00
Debt in Current Liabilities 45.00 51.00 51.00 57.00
Total Current Liabilities 109.00 100.00 108.00 130.00
Long-Term Debt 2,332.00 2,352.00 2,427.00 2,333.00
Total Liabilities 2,589.00 2,596.00 2,675.00 2,602.00
Stockholder's Equity        
Minority Interest 109.00 105.00 102.00 101.00
Preferred Stock NA NA NA NA
Common Stock NA NA NA NA
Retained Earnings NA NA NA NA
Treasury Stock NA NA NA NA
Total Stockholders' Equity NA NA 0.00 NA
Total Liabilities and Stockholders' Equity NA NA 2,675.00 NA

Cash Flow Summary (Millions)

Categories 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Net Cash Provided by Operating Activities 117.00 65.00 106.00 98.00
Net Cash Provided by Investing Activities -4.00 -5.00 -131.00 -614.00
Net Cash Provided by Financing Activities -78.00 -100.00 47.00 490.00

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/2013341.00155.002.13
12/2014336.00172.002.67
12/2015417.0037.00-0.03
12/2016426.00248.003.21
12/2017422.00252.003.16
Growth Rates5.4712.92--

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional03/31/1820148,29467.73




Report Date : 6/11/2018

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