Topic: How To Invest

The Successful Investor Hotline – Friday, February 16, 2018

Article Excerpt

TRANSCANADA CORP., $57.61, Toronto symbol TRP, operates a 91,500-kilometre pipeline network that pumps natural gas from Alberta to eastern Canada and the U.S. Other operations include 4,800 kilometers of crude oil pipelines and 12 power plants. TransCanada continues to benefit from its $13 billion U.S. acquisition of Texas-based Columbia Pipeline Group in July 2016. Columbia operates natural gas pipelines in the U.S. Northeast, Midwest, Mid-Atlantic and Gulf Coast regions; it also operates underground gas storage terminals. If you exclude costs related to the acquisition and other unusual items, TransCanada’s overall earnings in the three months ended December 31, 2017, rose 14.9%, to $719 million from $626 million a year earlier. Due to more shares outstanding, earnings per share gained 9.3%, to $0.82 from $0.76. That beat the consensus estimate of $0.77. However, revenue in the quarter fell 0.5%, to $3.62 billion from $3.64 billion. That’s because the company recently sold its power plants in the northeastern U.S. to help pay for the Columbia…