TRP TransCanada Corp featured news, full reports, and detailed charts
TransCanada Corp (TRP) Wrap Up:
TransCanada Corporation provides energy infrastructure principally in North America. It operates through two segments, Pipelines and Energy. The Pipelines segment develops and operates energy infrastructure, including natural gas pipelines, regulated gas storage facilities, and projects related to oil pipelines. Its network of wholly owned pipelines extends approximately 59,000 kilometers tapping into various gas supply basins in North America. This segment also has natural gas pipeline and related holdings in Mexico and South America. The Energy segment engages in the acquisition, development, construction, ownership, and operation of electrical power generation plants; the purchase and mar...TransCanada Corp (TRP:NYSE)
Snapshot of TransCanada Corp (TRP)
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OPEN
$30.76
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PREVIOUS CLOSE
$31.03
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DAY HIGH
$31.03
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DAY LOW
$30.72
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52 WEEK HIGH
10/12/09 - $32.90
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52 WEEK LOW
02/27/09 - $20.01
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MARKET CAP
21.2B
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AVERAGE VOLUME 3 mo
414.7K
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DILUTED EPS TTM
$1.71
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SHARES OUTSTANDING
684.0M
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EX-DATE
12/29/09
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P/E TTM
18.1x
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DIVIDEND
$1.42
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DIVIDEND YIELD
4.60%
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| K = Thousands M = Millions B = Billions | ||
TRP Top Compensated Officers
Executives, Board Directors
Key developments for TransCanada Corp (TRP)
TransCanada Corp. announced the Board approved an initial dividend of $0.2899 per share for the period September 30, 2009 to December 31, 2009, on the company's outstanding Cumulative Redeemable First Preferred Shares, Series 1. The dividend is payable on December 31, 2009, to shareholders of record at the close of business on November 30, 2009.
TransCanada Corp. reported unaudited earnings results for third quarter and nine months ended September 30, 2009. For the quarter, the company reported net income of $345 million or $0.50 per basic share on revenues of $2,253 million compared to net income of $390 million or $0.67 per basic share on revenues of $2,137 million for the same period a year ago. Net cash provided by operations was $741 million compared to net cash provided by operations of $825 million for the same period a year ago. Capital expenditures was $1,557 million compared to capital expenditures of $806 million for the same period a year ago. Comparable EBITDA in third quarter 2009 was $994 million compared to $1,066 million in third quarter 2008. Funds generated from operations in third quarter 2009 were $772 million compared to $711 million in third quarter 2008. For nine months period, the company reported net income of $993 million or $1.55 per basic share on revenues of $6,760 million compared to net income of $1,163 million or $2.07 per basic share on revenues of $6,287 million for the same period a year ago. Net cash provided by operations was $2,592 million compared to net cash provided by operations of $2,325 million for the same period a year ago. Capital expenditures was $3,943 million compared to capital expenditures of $1,899 million for the same period a year ago. On November 3, 2009, the company's Board of Directors declared a quarterly dividend of $0.38 per share for the quarter ending December 31, 2009 on the company's outstanding common shares. It is payable on January 29, 2010 to shareholders of record at the close of business on December 31, 2009.
Hal Kvisle, Chief Executive Officer of TransCanada Corp. said that the firm may look at acquisitions of large-diameter conduits in Mexico should the government decide to sell them. He added that Mexico has a “very impressive” large-diameter pipeline system along the Gulf of Mexico coast. Alex Pourbaix, head of the company’s power business, said that TransCanada may also be interested in acquisitions of renewable energy projects or companies, as valuations have come down since before the global financial crisis in 2008. The firm said that its third-quarter profit fell 12% as lower power prices and volumes more than offset increased earnings from pipeline shipments. Net income fell to CAD 345 million, or 50 cents a share, from CAD 390 million, or 67 cents, a year earlier.
TRP Competitors
| Company | Last | Change |
| Kinder Morgan Energy Partners LP | $55.99 USD | -0.23 |
| NiSource Inc | $13.74 USD | -0.06 |
| Oneok Inc | $39.08 USD | -0.04 |
| Sempra Energy | $51.96 USD | -0.20 |
| Williams Companies Inc | $19.85 USD | +0.03 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | TRP | Industry Range |
| Price/Earnings | 24.7x |
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| Price/Sales | 3.7x |
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| Price/Book | 2.3x |
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| Price/Cash Flow | 0.1x |
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| TEV/Sales | NM | Not Meaningful |
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TRP |
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TRP transactions
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Target | |
| No transactions in the last 6 months. | ||
More Recent News About TransCanada Corp
More news for TRP
Palin Successor Focuses on Energy Agenda
By JIM CARLTON FAIRBANKS, Alaska -- When Sean Parnell was sworn in here as Alaska's 10th governor in July, dozens of reporters from the lower 48 states were on hand to mark the transfer of power from his celebrity predecessor, Sarah Palin. Returning to this city last month, Mr. Parnell faced just three journalists -- two of them local -- after giving an address at the Greater Fairbanks Chamber of Commerce luncheon. Mr. Parnell and Alaska have faded from the national spotlight since Ms. Palin surprised the political world in July by resigning as Alaska governor with 18 months left in her term. The former Republican vice-presidential candidate has left Alaska politics behind and has written a memoir, "Going Rogue: An American Life." "Alaska is in good hands as Governor Parnell continues to move the state forward," Ms. Palin said Monday. The controversies that followed Ms. Palin after she ran for national office took a toll on her once-formidable approval ratings back home. When she left office July 26, her favorable rating had fallen to 52% from a high of 88% soon after she was first elected in 2006, according to surveys by Dittman Research Corp., based in Anchorage. Mr. Parnell's favorable rating, meanwhile, stood at 80% as of Oct. 16, according to a Dittman survey of 274 Alaskans, with a margin of error of plus or minus 4.8%. "It looks good for Sean, so far," said David Dittman, owner of the polling company. "I think he's a refreshing change for most people." Mr. Parnell, a Republican who was one of Ms. Palin's allies and the state's former lieutenant governor, didn't care to discuss his predecessor in an interview late last month. The 46-year-old brushed aside questions regarding Ms. Palin, saying at one point, "I thought we were here to talk about what I'm doing." Mr. Parnell has been focusing on how to rebuild Alaska's energy...Click here to read the whole Article (external link)
Two Ways: Rio Tinto, Show Me the Money
Alabama Alaska Arizona Arkansas California Colorado Connecticut DC Delaware Florida Georgia Hawaii Idaho Illinois Indiana...Click here to read the whole Article (external link)
Q3 2009 TransCanada Corporation Earnings Release - Time Not Supplied
Earnings Announcements for Wednesday, November 4CompanySymbolTimeConferenceCall99 CENTS OnlyNDNAfter Market CloseAdept TechnologyADEPAfter Market CloseAffymax, Inc.AFFYBefore Market OpenAgilysys, Inc.AGYSBefore Market OpenAgrium Inc.AGUBefore Market OpenListenAlamo GroupALGAfter Market CloseALGOMA CENTRAL CORPALC.TOTime Not SuppliedALLIANCE BANKSHARES CORPABVAAfter Market CloseAllied Motion Technologies, Inc.AMOTTime Not SuppliedListenAlmost FamilyAFAMBefore Market OpenAlnylam PharmaceuticalsALNYAfter Market CloseListenAlon USA Energy Inc.ALJAfter Market CloseAlterian plcALN.LTime Not SuppliedAlvarionALVRBefore Market OpenListenAmbac Financial GroupABK08:30 am ETListenAmbassadors International, Inc.AMIEAfter Market CloseAmdocs LimitedDOX...Click here to read the whole Article (external link)
TransCanada Reports Third Quarter Net Income of $345 Million or $0.50 Per Common Share
CALGARY, ALBERTA--(Marketwire - 11/04/09) - TransCanada Corporation (TSX:TRP - News) (NYSE:TRP - News) (TransCanada or the Company) today announced net income for third quarter 2009 of $345 million or $0.50 per common share. TransCanada's Board of Directors also declared a quarterly dividend of $0.38 per common share. "TransCanada continues to post solid earnings and strong cash flows on the strength of our diverse energy infrastructure business. Third quarter earnings were ahead of last year for our pipelines and natural gas storage assets, while the economic downturn continues to impact power revenues," said Hal Kvisle, TransCanada's president and chief executive officer."We made significant progress during the quarter executing the major projects within our $22 billion capital program. TransCanada is well positioned to fund this unprecedented growth. The carrying costs and dilution associated with financing this multi-year program continues to have a near-term impact on our earnings and cash flow per share. However, we are confident that our capital program will generate significant growth in cash flows and earnings over the next four years as our large scale, highly attractive projects commence operations."...Click here to read the whole Article (external link)
TransCanada Declares Quarterly Dividends Board Approves Dividend of $0.38 per Common Share
CALGARY, ALBERTA--(Marketwire - 11/04/09) - TransCanada Corporation (TSX:TRP - News) (NYSE:TRP - News), (TransCanada) today announced that the Board of Directors (Board) of TransCanada declared a quarterly dividend of $0.38 per common share for the quarter ending December 31, 2009 on the Company's outstanding common shares. The common share dividend is payable on January 29, 2010 to shareholders of record at the close of business on December 31, 2009. The Board also approved an initial dividend of $0.2899 per share for the period September 30, 2009 to December 31, 2009, on TransCanada's outstanding Cumulative Redeemable First Preferred Shares, Series 1. The dividend is payable on December 31, 2009, to shareholders of record at the close of business on November 30, 2009.In addition, the Board declared the following regular dividends on TransCanada PipeLines Limited (TCPL) preferred shares:- Dividend Number 45 was declared on the outstanding Cumulative Redeemable First Preferred Shares Series U in the amount of $0.70 per share for the period ending January 30, 2010. The dividend is payable on February 1, 2010 to shareholders of record at the close of business on December 31, 2009.- Dividend Number 44...Click here to read the whole Article (external link)
New Star Analyst Rankings for TRANSCANADA CORP
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Copyright © 1999-2003, StarMine Corp. All rights reserved.StarMine Corp. derives analyst ratings from estimate and recommendation data supplied by Thomson Financial.Historical chart data and daily updates provided by Commodity Systems, Inc. (CSI). International historical chart data, daily updates, fund summary, fund performance, dividend data and...Click here to read the whole Article (external link)
TransCanada to Host Investor Day in Toronto and New York
CALGARY, ALBERTA--(Marketwire - 11/16/09) - TransCanada Corporation (TSX:TRP - News) (NYSE:TRP - News) (TransCanada) will hold its annual Investor Day on Wednesday, November 18th in Toronto, and Thursday, November 19th in New York. Members of TransCanada's senior executive will discuss the company's $22 billion capital program and its outlook for growth. The discussion will highlight TransCanada's many large-scale, high-quality energy infrastructure projects that are expected to commence operations between 2010 and 2013.The following senior executives will be speaking:- Hal Kvisle, President & Chief Executive Officer- Russ Girling, Chief Operating Officer- Alex Pourbaix, Executive Vice-President, Corporate Development & President, Energy- Don Wishart, Executive Vice-President, Operations and Major Projects- Greg Lohnes, Executive Vice-President & Chief Financial OfficerThe November 18th Investor Day in Toronto will be webcast, starting at 8 a.m. eastern standard time (EST), 6 a.m. mountain standard time (MST) and available through TransCanada's Investor Centre at ...Click here to read the whole Article (external link)