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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 0.06
TCP's Cash to Debt is ranked higher than
77% of the 144 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.05 vs. TCP: 0.06 )
TCP' s 10-Year Cash to Debt Range
Min: 0   Max: No Debt
Current: 0.06

Equity to Asset 0.41
TCP's Equity to Asset is ranked higher than
76% of the 175 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.40 vs. TCP: 0.41 )
TCP' s 10-Year Equity to Asset Range
Min: 0.37   Max: 0.81
Current: 0.41

0.37
0.81
Interest Coverage 5.60
TCP's Interest Coverage is ranked higher than
78% of the 140 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.80 vs. TCP: 5.60 )
TCP' s 10-Year Interest Coverage Range
Min: 3.49   Max: 9999.99
Current: 5.6

3.49
9999.99
F-Score: 5
Z-Score: 1.64
M-Score: -2.75
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry
vs
history
Operating margin (%) 59.48
TCP's Operating margin (%) is ranked higher than
99% of the 176 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 10.87 vs. TCP: 59.48 )
TCP' s 10-Year Operating margin (%) Range
Min: 57.6   Max: 89.37
Current: 59.48

57.6
89.37
Net-margin (%) 43.13
TCP's Net-margin (%) is ranked higher than
97% of the 176 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 5.62 vs. TCP: 43.13 )
TCP' s 10-Year Net-margin (%) Range
Min: 37.99   Max: 140.18
Current: 43.13

37.99
140.18
ROE (%) 12.53
TCP's ROE (%) is ranked higher than
80% of the 180 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 7.15 vs. TCP: 12.53 )
TCP' s 10-Year ROE (%) Range
Min: 10.72   Max: 25.68
Current: 12.53

10.72
25.68
ROA (%) 5.30
TCP's ROA (%) is ranked higher than
81% of the 182 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.06 vs. TCP: 5.30 )
TCP' s 10-Year ROA (%) Range
Min: 4.46   Max: 17.77
Current: 5.3

4.46
17.77
ROC (Joel Greenblatt) (%) 12.36
TCP's ROC (Joel Greenblatt) (%) is ranked higher than
80% of the 176 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 9.39 vs. TCP: 12.36 )
TCP' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -5.98   Max: 94.06
Current: 12.36

-5.98
94.06
Revenue Growth (3Y)(%) 18.00
TCP's Revenue Growth (3Y)(%) is ranked higher than
92% of the 134 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.40 vs. TCP: 18.00 )
TCP' s 10-Year Revenue Growth (3Y)(%) Range
Min: 0   Max: 24.1
Current: 18

0
24.1
EBITDA Growth (3Y)(%) 12.10
TCP's EBITDA Growth (3Y)(%) is ranked higher than
84% of the 119 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.50 vs. TCP: 12.10 )
TCP' s 10-Year EBITDA Growth (3Y)(%) Range
Min: -7.4   Max: 26
Current: 12.1

-7.4
26
EPS Growth (3Y)(%) -9.70
TCP's EPS Growth (3Y)(%) is ranked higher than
65% of the 113 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 4.20 vs. TCP: -9.70 )
TCP' s 10-Year EPS Growth (3Y)(%) Range
Min: -9.7   Max: 29.2
Current: -9.7

-9.7
29.2
» TCP's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q4 2013

TCP Guru Trades in Q4 2013

Jim Simons 145,800 sh (+69.73%)
» More
Q1 2014

TCP Guru Trades in Q1 2014

Jim Simons 173,103 sh (+18.73%)
» More
Q2 2014

TCP Guru Trades in Q2 2014

Jim Simons 232,000 sh (+34.02%)
» More
Q3 2014

TCP Guru Trades in Q3 2014

Jim Simons Sold Out
» More
» Details

Insider Trades

Latest Guru Trades with TCP

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)



No Guru Trades Found!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Ratios

vs
industry
vs
history
P/E(ttm) 31.70
TCP's P/E(ttm) is ranked higher than
78% of the 184 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 34.80 vs. TCP: 31.70 )
TCP' s 10-Year P/E(ttm) Range
Min: 7.16   Max: 39.32
Current: 31.7

7.16
39.32
P/B 3.12
TCP's P/B is ranked higher than
68% of the 184 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.36 vs. TCP: 3.12 )
TCP' s 10-Year P/B Range
Min: 0.73   Max: 3.46
Current: 3.12

0.73
3.46
P/S 10.06
TCP's P/S is ranked higher than
57% of the 184 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.66 vs. TCP: 10.06 )
TCP' s 10-Year P/S Range
Min: 3.85   Max: 154.29
Current: 10.06

3.85
154.29
PFCF 14.30
TCP's PFCF is ranked higher than
95% of the 184 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 9999.00 vs. TCP: 14.30 )
TCP' s 10-Year PFCF Range
Min: 7.35   Max: 70.82
Current: 14.3

7.35
70.82
EV-to-EBIT 24.68
TCP's EV-to-EBIT is ranked higher than
78% of the 184 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 26.30 vs. TCP: 24.68 )
TCP' s 10-Year EV-to-EBIT Range
Min: 7.2   Max: 16468.2
Current: 24.68

7.2
16468.2
PEG 2.45
TCP's PEG is ranked higher than
93% of the 184 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 9999.00 vs. TCP: 2.45 )
TCP' s 10-Year PEG Range
Min: 0.26   Max: 28.7
Current: 2.45

0.26
28.7
Shiller P/E 26.74
TCP's Shiller P/E is ranked higher than
88% of the 184 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 56.65 vs. TCP: 26.74 )
TCP' s 10-Year Shiller P/E Range
Min: 6.45   Max: 29.64
Current: 26.74

6.45
29.64
Current Ratio 0.99
TCP's Current Ratio is ranked higher than
70% of the 182 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.05 vs. TCP: 0.99 )
TCP' s 10-Year Current Ratio Range
Min: 0.02   Max: 20.2
Current: 0.99

0.02
20.2
Quick Ratio 0.93
TCP's Quick Ratio is ranked higher than
74% of the 182 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.92 vs. TCP: 0.93 )
TCP' s 10-Year Quick Ratio Range
Min: 0.02   Max: 20.2
Current: 0.93

0.02
20.2

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 4.84
TCP's Dividend Yield is ranked higher than
58% of the 158 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 4.25 vs. TCP: 4.84 )
TCP' s 10-Year Dividend Yield Range
Min: 4.33   Max: 14.51
Current: 4.84

4.33
14.51
Dividend Payout 1.49
TCP's Dividend Payout is ranked higher than
72% of the 184 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.48 vs. TCP: 1.49 )
TCP' s 10-Year Dividend Payout Range
Min: 0.35   Max: 4.2
Current: 1.49

0.35
4.2
Dividend growth (3y) 2.70
TCP's Dividend growth (3y) is ranked higher than
62% of the 100 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 6.50 vs. TCP: 2.70 )
TCP' s 10-Year Dividend growth (3y) Range
Min: 2.6   Max: 49.1
Current: 2.7

2.6
49.1
Yield on cost (5-Year) 5.57
TCP's Yield on cost (5-Year) is ranked higher than
50% of the 158 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 5.45 vs. TCP: 5.57 )
TCP' s 10-Year Yield on cost (5-Year) Range
Min: 4.92   Max: 16.5
Current: 5.57

4.92
16.5
Share Buyback Rate -8.40
TCP's Share Buyback Rate is ranked higher than
80% of the 134 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: -12.60 vs. TCP: -8.40 )
TCP' s 10-Year Share Buyback Rate Range
Min: 1.3   Max: -30.3
Current: -8.4

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 3.45
TCP's Price/Tangible Book is ranked higher than
77% of the 184 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.77 vs. TCP: 3.45 )
TCP' s 10-Year Price/Tangible Book Range
Min: 0.83   Max: 3.37
Current: 3.45

0.83
3.37
Price/DCF (Projected) 1.52
TCP's Price/DCF (Projected) is ranked higher than
93% of the 184 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 31.07 vs. TCP: 1.52 )
TCP' s 10-Year Price/DCF (Projected) Range
Min: 0.76   Max: 2.64
Current: 1.52

0.76
2.64
Price/Median PS Value 1.13
TCP's Price/Median PS Value is ranked higher than
73% of the 184 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.10 vs. TCP: 1.13 )
TCP' s 10-Year Price/Median PS Value Range
Min: 0.53   Max: 14.53
Current: 1.13

0.53
14.53
Price/Peter Lynch Fair Value 2.48
TCP's Price/Peter Lynch Fair Value is ranked higher than
93% of the 184 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 9999.00 vs. TCP: 2.48 )
TCP' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.37   Max: 4.29
Current: 2.48

0.37
4.29
Price/Graham Number 1.82
TCP's Price/Graham Number is ranked higher than
83% of the 184 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.53 vs. TCP: 1.82 )
TCP' s 10-Year Price/Graham Number Range
Min: 0.55   Max: 1.78
Current: 1.82

0.55
1.78
Earnings Yield (Greenblatt) 4.10
TCP's Earnings Yield (Greenblatt) is ranked higher than
78% of the 170 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.90 vs. TCP: 4.10 )
TCP' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.2   Max: 13.9
Current: 4.1

0.2
13.9
Forward Rate of Return (Yacktman) 17.39
TCP's Forward Rate of Return (Yacktman) is ranked higher than
95% of the 115 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.76 vs. TCP: 17.39 )
TCP' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 0.3   Max: 64.4
Current: 17.39

0.3
64.4

Business Description

Industry: Oil & Gas - Midstream » Oil & Gas Midstream
Compare:WES, ENB, ETE, KMP, SE » details
TC Pipelines LP is a publicly traded Delaware limited partnership formed in 1998 by TransCanada Corporation and its subsidiaries to acquire own and participate in the management of energy infrastructure businesses in North America. The Company is managed by its general partner, TC PipeLines GP, Inc. which is an indirect, wholly-owned subsidiary of TransCanada. Through its pipeline systems, the Company transports natural gas in the United States. The Company has equity ownership interests in four natural gas interstate pipeline systems that are accounted for on an equity basis and two wholly-owned pipelines that are accounted for on a consolidated basis. Collectively, they are designed to transport approximately 8.9 billion cubic feet per day of natural gas from producing regions and import facilities to market hubs and consuming markets mainly in the Western and Midwestern U.S.. All of its pipeline systems are operated by subsidiaries of TransCanada. The Company's customers are large utilities, local distribution companies and natural gas marketers and producing companies. The Company's pipelines generate revenue by charging rates for transporting natural gas. The majority of its pipeline systems' natural gas transportation services are provided through firm service transportation contracts with a reservation or demand charge which reserves pipeline capacity, regardless of use, for the term of the contract. Through its disciplined investment philosophy, the Company now has investments in six critical FERC regulated, low-risk energy infrastructure pipelines. The Company's pipelines are subject to stringent and complex federal, state, and local laws and regulations governing environmental protection, including air emissions, water quality, wastewater discharges and solid waste management.
» More Articles for TCP

Headlines

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TC PipeLines, LP to Present at Wells Fargo Energy Symposium Dec 02 2014 
TC PipeLines, LP Receives Offer from TransCanada to Purchase the Remaining 30% of GTN Pipeline Nov 12 2014 
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TC PipeLines, LP Announces Acquisition of Remaining Interest in Bison Pipeline Oct 15 2014 
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TC PIPELINES LP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits Dec 03 2014
TC PipeLines, LP to Present at Wells Fargo Energy Symposium Dec 02 2014
TC PipeLines, LP to Present at Wells Fargo Energy Symposium Dec 02 2014
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NGL Energy Partners And TC Pipelines To Join The Alerian MLP Infrastructure Index Nov 19 2014
PRESS DIGEST-Canada - Nov 18 Nov 18 2014
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TC PipeLines, LP Receives Offer from TransCanada to Purchase the Remaining 30% of GTN Pipeline Nov 12 2014
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TC PipeLines (TCP) Q3 Earnings Miss on Higher Expenses Oct 27 2014
TC PipeLines, LP Announces 2014 Third Quarter Cash Distribution and Financial Results Oct 24 2014
TC PIPELINES LP Files SEC form 8-K, Results of Operations and Financial Condition, Financial... Oct 24 2014
TC PipeLines, LP Announces 2014 Third Quarter Cash Distribution and Financial Results Oct 24 2014
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TC PipeLines, LP to Announce Third Quarter 2014 Financial Results and Cash Distribution on October... Oct 10 2014
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