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Also traded in: Germany

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 : 4/10

vs
industry
vs
history
Cash-to-Debt 0.03
TCP's Cash-to-Debt is ranked lower than
64% of the 90 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.06 vs. TCP: 0.03 )
Ranked among companies with meaningful Cash-to-Debt only.
TCP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0  Med: 0.02 Max: No Debt
Current: 0.03
Equity-to-Asset 0.36
TCP's Equity-to-Asset is ranked lower than
58% of the 105 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.39 vs. TCP: 0.36 )
Ranked among companies with meaningful Equity-to-Asset only.
TCP' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.36  Med: 0.46 Max: 0.67
Current: 0.36
0.36
0.67
Interest Coverage 4.78
TCP's Interest Coverage is ranked lower than
57% of the 112 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 6.29 vs. TCP: 4.78 )
Ranked among companies with meaningful Interest Coverage only.
TCP' s Interest Coverage Range Over the Past 10 Years
Min: 3.49  Med: 5.62 Max: 19.37
Current: 4.78
3.49
19.37
Piotroski F-Score: 7
Altman Z-Score: 1.73
Beneish M-Score: -2.56
WACC vs ROIC
8.42%
10.35%
WACC
ROIC
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 : 7/10

vs
industry
vs
history
Operating Margin % 65.75
TCP's Operating Margin % is ranked higher than
95% of the 105 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 17.34 vs. TCP: 65.75 )
Ranked among companies with meaningful Operating Margin % only.
TCP' s Operating Margin % Range Over the Past 10 Years
Min: 57.6  Med: 64.43 Max: 89.37
Current: 65.75
57.6
89.37
Net Margin % 51.59
TCP's Net Margin % is ranked higher than
90% of the 105 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 8.34 vs. TCP: 51.59 )
Ranked among companies with meaningful Net Margin % only.
TCP' s Net Margin % Range Over the Past 10 Years
Min: 2.95  Med: 47.52 Max: 70.27
Current: 51.59
2.95
70.27
ROE % 18.96
TCP's ROE % is ranked higher than
82% of the 106 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 6.63 vs. TCP: 18.96 )
Ranked among companies with meaningful ROE % only.
TCP' s ROE % Range Over the Past 10 Years
Min: -0.16  Med: 11.42 Max: 18.96
Current: 18.96
-0.16
18.96
ROA % 7.68
TCP's ROA % is ranked higher than
78% of the 111 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.58 vs. TCP: 7.68 )
Ranked among companies with meaningful ROA % only.
TCP' s ROA % Range Over the Past 10 Years
Min: 0.4  Med: 7.29 Max: 8.41
Current: 7.68
0.4
8.41
ROC (Joel Greenblatt) % 16.11
TCP's ROC (Joel Greenblatt) % is ranked higher than
80% of the 108 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 7.46 vs. TCP: 16.11 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
TCP' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.03  Med: 31.96 Max: 96.48
Current: 16.11
4.03
96.48
3-Year Revenue Growth Rate 1.30
TCP's 3-Year Revenue Growth Rate is ranked higher than
72% of the 81 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: -11.40 vs. TCP: 1.30 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
TCP' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: 0  Med: 0 Max: 24.1
Current: 1.3
0
24.1
3-Year EBITDA Growth Rate 3.50
TCP's 3-Year EBITDA Growth Rate is ranked higher than
55% of the 75 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.90 vs. TCP: 3.50 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
TCP' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: -27.1  Med: 11.85 Max: 27
Current: 3.5
-27.1
27
3-Year EPS without NRI Growth Rate 14.70
TCP's 3-Year EPS without NRI Growth Rate is ranked higher than
62% of the 63 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 7.90 vs. TCP: 14.70 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
TCP' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -9.9  Med: 2.5 Max: 30.3
Current: 14.7
-9.9
30.3
GuruFocus has detected 5 Warning Signs with TC Pipelines LP $TCP.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» TCP's 10-Y Financials

Financials (Next Earnings Date: 2017-05-27 Est.)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q1 2016

TCP Guru Trades in Q1 2016

Jim Simons 69,500 sh (+54.79%)
» More
Q2 2016

TCP Guru Trades in Q2 2016

Jim Simons 108,900 sh (+56.69%)
» More
Q3 2016

TCP Guru Trades in Q3 2016

Jim Simons 181,700 sh (+66.85%)
» More
Q4 2016

TCP Guru Trades in Q4 2016

Jim Simons 91,500 sh (-49.64%)
» 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%)

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Business Description

Industry: Oil & Gas - Midstream » Oil & Gas Midstream    NAICS: 486210    SIC: 4922
Compare: » details
Traded in other countries:TC0.Germany,
TC Pipelines LP together with its subsidiaries acquires, owns and participates in the management of energy infrastructure businesses in North America.

TC Pipelines is a master limited partnership that holds some of the U.S. natural gas pipeline assets of TransCanada, the largest Canadian pipeline company. TransCanada is the general partner of the partnership and also owns about one third of TC's common units. TC's pipelines, for the most part in the northwest U.S., primarily transport Canadian gas into the United States.

Ratios

vs
industry
vs
history
PE Ratio 18.41
TCP's PE Ratio is ranked higher than
62% of the 110 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 21.78 vs. TCP: 18.41 )
Ranked among companies with meaningful PE Ratio only.
TCP' s PE Ratio Range Over the Past 10 Years
Min: 6.77  Med: 16.6 Max: 273.85
Current: 18.41
6.77
273.85
Forward PE Ratio 19.19
TCP's Forward PE Ratio is ranked higher than
65% of the 83 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 22.68 vs. TCP: 19.19 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 18.41
TCP's PE Ratio without NRI is ranked higher than
66% of the 102 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 22.76 vs. TCP: 18.41 )
Ranked among companies with meaningful PE Ratio without NRI only.
TCP' s PE Ratio without NRI Range Over the Past 10 Years
Min: 6.77  Med: 16.6 Max: 273.85
Current: 18.41
6.77
273.85
Price-to-Owner-Earnings 12.89
TCP's Price-to-Owner-Earnings is ranked higher than
84% of the 37 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 20.41 vs. TCP: 12.89 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
TCP' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 6.45  Med: 13.49 Max: 49.32
Current: 12.89
6.45
49.32
PB Ratio 3.57
TCP's PB Ratio is ranked lower than
93% of the 112 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.76 vs. TCP: 3.57 )
Ranked among companies with meaningful PB Ratio only.
TCP' s PB Ratio Range Over the Past 10 Years
Min: 0.73  Med: 1.87 Max: 3.81
Current: 3.57
0.73
3.81
PS Ratio 8.16
TCP's PS Ratio is ranked lower than
99.99% of the 111 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.71 vs. TCP: 8.16 )
Ranked among companies with meaningful PS Ratio only.
TCP' s PS Ratio Range Over the Past 10 Years
Min: 3.85  Med: 7.75 Max: 152.96
Current: 8.16
3.85
152.96
Price-to-Free-Cash-Flow 10.93
TCP's Price-to-Free-Cash-Flow is ranked higher than
69% of the 87 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 16.19 vs. TCP: 10.93 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
TCP' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 6.3  Med: 12.29 Max: 16.83
Current: 10.93
6.3
16.83
Price-to-Operating-Cash-Flow 10.13
TCP's Price-to-Operating-Cash-Flow is ranked lower than
67% of the 112 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 9.11 vs. TCP: 10.13 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
TCP' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 4.51  Med: 10.61 Max: 16.67
Current: 10.13
4.51
16.67
EV-to-EBIT 19.30
TCP's EV-to-EBIT is ranked higher than
53% of the 111 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 20.01 vs. TCP: 19.30 )
Ranked among companies with meaningful EV-to-EBIT only.
TCP' s EV-to-EBIT Range Over the Past 10 Years
Min: 7.2  Med: 17.6 Max: 16377.2
Current: 19.3
7.2
16377.2
EV-to-EBITDA 15.09
TCP's EV-to-EBITDA is ranked lower than
71% of the 110 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 13.26 vs. TCP: 15.09 )
Ranked among companies with meaningful EV-to-EBITDA only.
TCP' s EV-to-EBITDA Range Over the Past 10 Years
Min: 6.4  Med: 15 Max: 584.9
Current: 15.09
6.4
584.9
Shiller PE Ratio 23.24
TCP's Shiller PE Ratio is ranked higher than
60% of the 47 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 25.87 vs. TCP: 23.24 )
Ranked among companies with meaningful Shiller PE Ratio only.
TCP' s Shiller PE Ratio Range Over the Past 10 Years
Min: 12.14  Med: 16.61 Max: 27.15
Current: 23.24
12.14
27.15
Current Ratio 1.55
TCP's Current Ratio is ranked higher than
71% of the 107 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.05 vs. TCP: 1.55 )
Ranked among companies with meaningful Current Ratio only.
TCP' s Current Ratio Range Over the Past 10 Years
Min: 0.02  Med: 1.24 Max: 19
Current: 1.55
0.02
19
Quick Ratio 1.44
TCP's Quick Ratio is ranked higher than
71% of the 107 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.95 vs. TCP: 1.44 )
Ranked among companies with meaningful Quick Ratio only.
TCP' s Quick Ratio Range Over the Past 10 Years
Min: 0.02  Med: 1.16 Max: 19
Current: 1.44
0.02
19
Days Inventory 37.03
TCP's Days Inventory is ranked lower than
83% of the 80 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 16.16 vs. TCP: 37.03 )
Ranked among companies with meaningful Days Inventory only.
TCP' s Days Inventory Range Over the Past 10 Years
Min: 3.69  Med: 25.51 Max: 37.03
Current: 37.03
3.69
37.03
Days Sales Outstanding 26.24
TCP's Days Sales Outstanding is ranked higher than
69% of the 97 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 35.92 vs. TCP: 26.24 )
Ranked among companies with meaningful Days Sales Outstanding only.
TCP' s Days Sales Outstanding Range Over the Past 10 Years
Min: 5.98  Med: 23.92 Max: 29.52
Current: 26.24
5.98
29.52

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 6.27
TCP's Dividend Yield % is ranked lower than
68% of the 111 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 7.13 vs. TCP: 6.27 )
Ranked among companies with meaningful Dividend Yield % only.
TCP' s Dividend Yield % Range Over the Past 10 Years
Min: 4.33  Med: 6.74 Max: 14.51
Current: 6.27
4.33
14.51
Dividend Payout Ratio 1.14
TCP's Dividend Payout Ratio is ranked higher than
93% of the 112 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.29 vs. TCP: 1.14 )
Ranked among companies with meaningful Dividend Payout Ratio only.
TCP' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 1.01  Med: 1.14 Max: 1.49
Current: 1.14
1.01
1.49
3-Year Dividend Growth Rate 4.80
TCP's 3-Year Dividend Growth Rate is ranked lower than
68% of the 62 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 8.40 vs. TCP: 4.80 )
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
TCP' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 2.6  Med: 4.5 Max: 49.1
Current: 4.8
2.6
49.1
Forward Dividend Yield % 6.37
TCP's Forward Dividend Yield % is ranked lower than
77% of the 111 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 7.16 vs. TCP: 6.37 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 7.57
TCP's 5-Year Yield-on-Cost % is ranked lower than
74% of the 112 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 9.14 vs. TCP: 7.57 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
TCP' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 5.22  Med: 8.12 Max: 17.48
Current: 7.57
5.22
17.48
3-Year Average Share Buyback Ratio -3.60
TCP's 3-Year Average Share Buyback Ratio is ranked higher than
71% of the 76 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: -8.10 vs. TCP: -3.60 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
TCP' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -38.2  Med: -6 Max: -1.9
Current: -3.6
-38.2
-1.9

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 4.03
TCP's Price-to-Tangible-Book is ranked lower than
78% of the 112 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.33 vs. TCP: 4.03 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
TCP' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.83  Med: 1.9 Max: 4.07
Current: 4.03
0.83
4.07
Price-to-Intrinsic-Value-Projected-FCF 1.07
TCP's Price-to-Intrinsic-Value-Projected-FCF is ranked higher than
80% of the 66 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.22 vs. TCP: 1.07 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
TCP' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.62  Med: 0.88 Max: 1.37
Current: 1.07
0.62
1.37
Price-to-Median-PS-Value 1.05
TCP's Price-to-Median-PS-Value is ranked lower than
58% of the 112 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.99 vs. TCP: 1.05 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
TCP' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.61  Med: 0.99 Max: 1.59
Current: 1.05
0.61
1.59
Price-to-Graham-Number 1.82
TCP's Price-to-Graham-Number is ranked higher than
57% of the 83 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.97 vs. TCP: 1.82 )
Ranked among companies with meaningful Price-to-Graham-Number only.
TCP' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.64  Med: 1.11 Max: 2.1
Current: 1.82
0.64
2.1
Earnings Yield (Greenblatt) % 5.19
TCP's Earnings Yield (Greenblatt) % is ranked higher than
57% of the 112 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 4.84 vs. TCP: 5.19 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
TCP' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 0.2  Med: 5.7 Max: 13.9
Current: 5.19
0.2
13.9
Forward Rate of Return (Yacktman) % -6.78
TCP's Forward Rate of Return (Yacktman) % is ranked lower than
62% of the 58 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: -3.06 vs. TCP: -6.78 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
TCP' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -7.2  Med: 5 Max: 68.7
Current: -6.78
-7.2
68.7

More Statistics

Revenue (TTM) (Mil) $473.0
EPS (TTM) $ 3.21
Beta1.10
Short Percentage of Float0.79%
52-Week Range $46.50 - 65.03
Shares Outstanding (Mil)70.32

Analyst Estimate

Dec17 Dec18 Dec19
Revenue (Mil $) 499 557 582
EPS ($) 3.08 3.24 3.16
EPS without NRI ($) 3.08 3.24 3.16
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($) 3.93 4.17 4.38
» More Articles for TCP

Headlines

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More From Other Websites
TC Pipelines LP breached its 50 day moving average in a Bearish Manner : TCP-US : March 17, 2017 Mar 17 2017
TC PIPELINES LP Financials Mar 04 2017
TC Pipelines LP :TCP-US: Earnings Analysis: 2016 By the Numbers : March 2, 2017 Mar 02 2017
TC Pipelines LP :TCP-US: Earnings Analysis: Q4, 2016 By the Numbers : March 1, 2017 Mar 01 2017
TC PIPELINES LP Files SEC form 10-K, Annual Report Feb 28 2017
Company News for February 28, 2017 Feb 28 2017
TC PipeLines (TCP) Q4 Earnings and Revenues Miss Estimates Feb 28 2017
Blog Coverage TransCanada Offers to Sell its Stake in Iroquois and PNGTS to TC Pipelines, L.P. Feb 28 2017
Edited Transcript of TCP earnings conference call or presentation 27-Feb-17 3:00pm GMT Feb 27 2017
TransCanada to sell two U.S. pipeline stakes to raise funds Feb 27 2017
TransCanada to sell stakes in two U.S. Northeast pipelines Feb 27 2017
TC PipeLines, LP Announces 2016 Fourth Quarter and Year End Financial Results Feb 27 2017
Q4 2016 TC PipeLines LP Earnings Release - Before Market Open Feb 27 2017
TC PIPELINES LP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits Feb 13 2017
TC PipeLines, LP to Release Fourth Quarter and Year End 2016 Financial Results on February 27 Feb 13 2017
The Zacks Analyst Blog Highlights: TransCanada, Energy Transfer Partners, Sunoco Logistics Partners,... Jan 26 2017
TC PIPELINES LP Files SEC form 8-K, Other Events, Financial Statements and Exhibits Jan 23 2017
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