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 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, 2016, subsidiaries of TransCanada own approximately 25.3 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
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
12/2015-0.030.890N/E
09/20152.940.89016.19

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2016 Leverage 2016
Net Inc/Comm Equity-0.21Total Liab/Total Assets0.61
Net Inc/Total Assets0.08Total Liab/Inv Cap0.63
Net Inc/Inv Cap0.08Total Liab/Comm Equity-1.68
Pretax Inc/Net Sales0.36Interest Coverage Ratio2.91
Net Inc/Net Sales0.68Curr Debt/EquityNA
Cash Flow/Net Sales1.07LTD/EquityNA
SG&A/NetSales0.07Total Debt/EquityNA
Asset Utilization   Liquidity  
Net Receivables Turnover9.78Quick Ratio1.44
Inventory Turnover7.14Current Ratio1.55
Inventory Day Sales0.02Net Rec/Curr Assets0.39
Net Sales/Work Cap9.92Inv/Curr Assets0.07
Net Sales/PP&E0.19  

Income Statement (Millions)

  9/30/2017 6/30/2017 3/31/2017 12/31/2016
Total Revenues(Net Sales) 100.00 124.00 89.00 42.00
Cost of Goods Sold 16.00 19.00 12.00 8.00
Selling & Admin Exps 9.00 11.00 7.00 1.00
Operating Income 51.00 67.00 48.00 18.00
Interest Exp 23.00 20.00 16.00 14.00
Pretax Income 55.00 107.00 32.00 -71.00
Other Income NA NA NA NA
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 54.00 57.00 75.00 56.00

Balance Sheet (Millions)

Assets 9/30/2017 6/30/2017 3/31/2017 12/31/2016
Cash & Short Term Investments 73.00 51.00 60.00 50.00
Receivables - Total 35.00 37.00 36.00 40.00
Inventories - Total 7.00 7.00 7.00 7.00
Total Current Assets 121.00 100.00 107.00 102.00
Net Property, Plant & Equipment 2,133.00 2,148.00 1,866.00 1,881.00
Total Assets 3,591.00 3,516.00 3,166.00 3,158.00
Liabilities        
Accounts Payable 57.00 73.00 43.00 43.00
Debt in Current Liabilities 51.00 57.00 23.00 23.00
Total Current Liabilities 108.00 130.00 66.00 66.00
Long-Term Debt 2,427.00 2,333.00 1,786.00 1,835.00
Total Liabilities 2,675.00 2,602.00 1,880.00 1,929.00
Stockholder's Equity        
Minority Interest 102.00 101.00 NA NA
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 0.00 NA NA NA
Total Liabilities and Stockholders' Equity 2,675.00 NA NA NA

Cash Flow Summary (Millions)

Categories 9/30/2017 6/30/2017 3/31/2017 12/31/2016
Net Cash Provided by Operating Activities 106.00 115.00 90.00 49.00
Net Cash Provided by Investing Activities -131.00 -614.00 -11.00 -14.00
Net Cash Provided by Financing Activities 47.00 476.00 -69.00 -46.00

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/2012343.00192.002.51
12/2013341.00155.002.13
12/2014336.00172.002.67
12/2015344.0013.00-0.03
12/2016357.00244.003.21
Growth Rates1.016.17--

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/1719642,62761.00




Report Date : 12/4/2017

Powered By Edgar Online © 2017EDGAR®Online, a division of Donnelley Financial Solutions. EDGAR® is a federally registered trademark of the U.S. Securities and Exchange Commission. EDGAR Online is not affiliated with or approved by the U.S. Securities and Exchange Commission.