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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 0.02
TCP's Cash to Debt is ranked lower than
72% of the 93 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.05 vs. TCP: 0.02 )
Ranked among companies with meaningful Cash to Debt only.
TCP' s Cash to Debt Range Over the Past 10 Years
Min: 0  Med: 0.03 Max: No Debt
Current: 0.02
Equity to Asset 0.34
TCP's Equity to Asset is ranked lower than
62% of the 105 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.41 vs. TCP: 0.34 )
Ranked among companies with meaningful Equity to Asset only.
TCP' s Equity to Asset Range Over the Past 10 Years
Min: 0.34  Med: 0.61 Max: 0.81
Current: 0.34
0.34
0.81
Interest Coverage 4.81
TCP's Interest Coverage is ranked higher than
50% of the 94 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 4.81 vs. TCP: 4.81 )
Ranked among companies with meaningful Interest Coverage only.
TCP' s Interest Coverage Range Over the Past 10 Years
Min: 3.49  Med: 5.63 Max: 19.37
Current: 4.81
3.49
19.37
F-Score: 6
Z-Score: 1.30
M-Score: -2.56
WACC vs ROIC
7.01%
9.59%
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 (%) 64.50
TCP's Operating margin (%) is ranked higher than
95% of the 106 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 16.78 vs. TCP: 64.50 )
Ranked among companies with meaningful Operating margin (%) only.
TCP' s Operating margin (%) Range Over the Past 10 Years
Min: 57.6  Med: 63.11 Max: 89.37
Current: 64.5
57.6
89.37
Net-margin (%) 8.44
TCP's Net-margin (%) is ranked higher than
53% of the 106 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 5.70 vs. TCP: 8.44 )
Ranked among companies with meaningful Net-margin (%) only.
TCP' s Net-margin (%) Range Over the Past 10 Years
Min: 2.95  Med: 43.44 Max: 70.27
Current: 8.44
2.95
70.27
ROE (%) 1.84
TCP's ROE (%) is ranked lower than
60% of the 106 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 6.07 vs. TCP: 1.84 )
Ranked among companies with meaningful ROE (%) only.
TCP' s ROE (%) Range Over the Past 10 Years
Min: -0.16  Med: 11.42 Max: 14.76
Current: 1.84
-0.16
14.76
ROA (%) 1.21
TCP's ROA (%) is ranked lower than
62% of the 111 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.75 vs. TCP: 1.21 )
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: 1.21
0.4
8.41
ROC (Joel Greenblatt) (%) 5.20
TCP's ROC (Joel Greenblatt) (%) is ranked lower than
64% of the 108 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 7.83 vs. TCP: 5.20 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
TCP' s ROC (Joel Greenblatt) (%) Range Over the Past 10 Years
Min: -5.98  Med: 31.96 Max: 96.48
Current: 5.2
-5.98
96.48
Revenue Growth (3Y)(%) -5.80
TCP's Revenue Growth (3Y)(%) is ranked higher than
52% of the 73 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: -6.40 vs. TCP: -5.80 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
TCP' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: 0  Med: 0 Max: 24.1
Current: -5.8
0
24.1
EBITDA Growth (3Y)(%) -27.20
TCP's EBITDA Growth (3Y)(%) is ranked lower than
93% of the 67 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.90 vs. TCP: -27.20 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
TCP' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
Min: -27.2  Med: 12.1 Max: 29.1
Current: -27.2
-27.2
29.1
» TCP's 10-Y Financials

Financials (Next Earnings Date: Est. 2016-11-06)


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

» Details

Guru Trades

Q3 2015

TCP Guru Trades in Q3 2015

Jim Simons 57,932 sh (-19.47%)
» More
Q4 2015

TCP Guru Trades in Q4 2015

Jim Simons 44,900 sh (-22.50%)
» More
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
» 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
Compare:NYSE:TEP, NYSE:NS, NYSE:TEGP, NYSE:DPM, NAS:MRD, NYSE:BWP, NYSE:ENLC, OTCPK:FCGYF, NYSE:GEL, OTCPK:ATGFF, NYSE:VLP, NYSE:TLLP, AMEX:CQH, NYSE:AM, OTCPK:EBGUF, NYSE:DM, NYSE:FI, NYSE:NGLS, NYSE:EEQ, OTCPK:GBNXF » 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 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, it is 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.

Ratios

vs
industry
vs
history
P/E(ttm) 159.33
TCP's P/E(ttm) is ranked lower than
95% of the 78 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 20.76 vs. TCP: 159.33 )
Ranked among companies with meaningful P/E(ttm) only.
TCP' s P/E(ttm) Range Over the Past 10 Years
Min: 6.79  Med: 16.47 Max: 4971
Current: 159.33
6.79
4971
Forward P/E 17.51
TCP's Forward P/E is ranked higher than
73% of the 63 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 23.15 vs. TCP: 17.51 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 159.33
TCP's PE(NRI) is ranked lower than
95% of the 77 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 20.76 vs. TCP: 159.33 )
Ranked among companies with meaningful PE(NRI) only.
TCP' s PE(NRI) Range Over the Past 10 Years
Min: 6.79  Med: 16.46 Max: 4971
Current: 159.33
6.79
4971
Price/Owner Earnings (ttm) 39.15
TCP's Price/Owner Earnings (ttm) is ranked lower than
76% of the 29 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 15.71 vs. TCP: 39.15 )
Ranked among companies with meaningful Price/Owner Earnings (ttm) only.
TCP' s Price/Owner Earnings (ttm) Range Over the Past 10 Years
Min: 6.45  Med: 13.48 Max: 49.32
Current: 39.15
6.45
49.32
P/B 3.26
TCP's P/B is ranked lower than
72% of the 107 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.07 vs. TCP: 3.26 )
Ranked among companies with meaningful P/B only.
TCP' s P/B Range Over the Past 10 Years
Min: 0.73  Med: 1.85 Max: 3.53
Current: 3.26
0.73
3.53
P/S 7.31
TCP's P/S is ranked lower than
88% of the 104 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.96 vs. TCP: 7.31 )
Ranked among companies with meaningful P/S only.
TCP' s P/S Range Over the Past 10 Years
Min: 3.85  Med: 7.74 Max: 154.29
Current: 7.31
3.85
154.29
PFCF 13.41
TCP's PFCF is ranked higher than
55% of the 58 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 15.02 vs. TCP: 13.41 )
Ranked among companies with meaningful PFCF only.
TCP' s PFCF Range Over the Past 10 Years
Min: 7.23  Med: 14.21 Max: 70.36
Current: 13.41
7.23
70.36
POCF 10.83
TCP's POCF is ranked lower than
69% of the 95 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 8.56 vs. TCP: 10.83 )
Ranked among companies with meaningful POCF only.
TCP' s POCF Range Over the Past 10 Years
Min: 4.51  Med: 11.01 Max: 16.82
Current: 10.83
4.51
16.82
EV-to-EBIT 54.29
TCP's EV-to-EBIT is ranked lower than
90% of the 82 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 20.83 vs. TCP: 54.29 )
Ranked among companies with meaningful EV-to-EBIT only.
TCP' s EV-to-EBIT Range Over the Past 10 Years
Min: 7.2  Med: 17.4 Max: 16468.2
Current: 54.29
7.2
16468.2
EV-to-EBITDA 29.30
TCP's EV-to-EBITDA is ranked lower than
90% of the 90 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 14.57 vs. TCP: 29.30 )
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: 588.2
Current: 29.3
6.4
588.2
Shiller P/E 20.50
TCP's Shiller P/E is ranked higher than
63% of the 43 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 25.08 vs. TCP: 20.50 )
Ranked among companies with meaningful Shiller P/E only.
TCP' s Shiller P/E Range Over the Past 10 Years
Min: 11.77  Med: 15.97 Max: 26.57
Current: 20.5
11.77
26.57
Current Ratio 1.56
TCP's Current Ratio is ranked higher than
75% of the 108 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.02 vs. TCP: 1.56 )
Ranked among companies with meaningful Current Ratio only.
TCP' s Current Ratio Range Over the Past 10 Years
Min: 0.02  Med: 1.06 Max: 20.2
Current: 1.56
0.02
20.2
Quick Ratio 1.44
TCP's Quick Ratio is ranked higher than
74% of the 108 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.91 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: 1.04 Max: 20.2
Current: 1.44
0.02
20.2
Days Inventory 37.03
TCP's Days Inventory is ranked lower than
79% of the 82 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 16.74 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: 18.25 Max: 37.03
Current: 37.03
3.69
37.03
Days Sales Outstanding 23.70
TCP's Days Sales Outstanding is ranked higher than
71% of the 99 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 33.32 vs. TCP: 23.70 )
Ranked among companies with meaningful Days Sales Outstanding only.
TCP' s Days Sales Outstanding Range Over the Past 10 Years
Min: 5.98  Med: 22.24 Max: 29.52
Current: 23.7
5.98
29.52

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 6.85
TCP's Dividend Yield is ranked lower than
58% of the 119 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 7.26 vs. TCP: 6.85 )
Ranked among companies with meaningful Dividend Yield only.
TCP' s Dividend Yield Range Over the Past 10 Years
Min: 4.33  Med: 6.77 Max: 14.51
Current: 6.85
4.33
14.51
Dividend Payout 11.87
TCP's Dividend Payout is ranked lower than
97% of the 119 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.88 vs. TCP: 11.87 )
Ranked among companies with meaningful Dividend Payout only.
TCP' s Dividend Payout Range Over the Past 10 Years
Min: 0.35  Med: 0.93 Max: 11.87
Current: 11.87
0.35
11.87
Dividend Growth (3y) 3.70
TCP's Dividend Growth (3y) is ranked lower than
71% of the 56 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 8.00 vs. TCP: 3.70 )
Ranked among companies with meaningful Dividend Growth (3y) only.
TCP' s Dividend Growth (3y) Range Over the Past 10 Years
Min: 2.6  Med: 4.2 Max: 49.1
Current: 3.7
2.6
49.1
Forward Dividend Yield 6.83
TCP's Forward Dividend Yield is ranked lower than
65% of the 119 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 7.74 vs. TCP: 6.83 )
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield on cost (5-Year) 8.04
TCP's Yield on cost (5-Year) is ranked lower than
63% of the 119 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 9.23 vs. TCP: 8.04 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
TCP' s Yield on cost (5-Year) Range Over the Past 10 Years
Min: 5.07  Med: 7.92 Max: 16.99
Current: 8.04
5.07
16.99
3-Year Average Share Buyback Ratio -7.40
TCP's 3-Year Average Share Buyback Ratio is ranked higher than
58% of the 71 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: -9.80 vs. TCP: -7.40 )
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: -6.7 Max: -1.9
Current: -7.4
-38.2
-1.9

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 3.72
TCP's Price/Tangible Book is ranked lower than
66% of the 90 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.67 vs. TCP: 3.72 )
Ranked among companies with meaningful Price/Tangible Book only.
TCP' s Price/Tangible Book Range Over the Past 10 Years
Min: 0.83  Med: 1.92 Max: 4.03
Current: 3.72
0.83
4.03
Price/Projected FCF 1.47
TCP's Price/Projected FCF is ranked higher than
59% of the 44 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.82 vs. TCP: 1.47 )
Ranked among companies with meaningful Price/Projected FCF only.
TCP' s Price/Projected FCF Range Over the Past 10 Years
Min: 0.82  Med: 1.31 Max: 2.64
Current: 1.47
0.82
2.64
Price/Median PS Value 0.95
TCP's Price/Median PS Value is ranked higher than
61% of the 99 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.04 vs. TCP: 0.95 )
Ranked among companies with meaningful Price/Median PS Value only.
TCP' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.57  Med: 1 Max: 16.81
Current: 0.95
0.57
16.81
Price/Graham Number 5.15
TCP's Price/Graham Number is ranked lower than
90% of the 58 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.05 vs. TCP: 5.15 )
Ranked among companies with meaningful Price/Graham Number only.
TCP' s Price/Graham Number Range Over the Past 10 Years
Min: 0.6  Med: 1.06 Max: 26.73
Current: 5.15
0.6
26.73
Earnings Yield (Greenblatt) (%) 1.82
TCP's Earnings Yield (Greenblatt) (%) is ranked lower than
69% of the 108 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 4.00 vs. TCP: 1.82 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
TCP' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 0.2  Med: 5.8 Max: 13.9
Current: 1.82
0.2
13.9
Forward Rate of Return (Yacktman) (%) -6.67
TCP's Forward Rate of Return (Yacktman) (%) is ranked lower than
69% of the 55 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: -0.19 vs. TCP: -6.67 )
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  Med: 5 Max: 67.9
Current: -6.67
-7
67.9

More Statistics

Revenue (TTM) (Mil) $462.0
EPS (TTM) $ 0.33
Beta0.98
Short Percentage of Float0.80%
52-Week Range $34.25 - 60.48
Shares Outstanding (Mil)67.84

Analyst Estimate

Dec16 Dec17 Dec18
Revenue (Mil $) 475 495 520
EPS ($) 3.02 3.02 2.98
EPS w/o NRI ($) 3.02 3.02 2.98
EPS Growth Rate
(3Y to 5Y Estimate)
N/A
Dividends Per Share ($) 3.69 3.96 4.20
» More Articles for TCP

Headlines

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The Safest and Best Yielding Dividend Contenders May 15 2012 
The 20 Best-Yielding Dividend Achievers Mar 29 2012 

More From Other Websites
ETF’s with exposure to TC Pipelines LP : August 23, 2016 Aug 23 2016
TC PIPELINES LP Financials Aug 11 2016
TC Pipelines LP :TCP-US: Earnings Analysis: Q2, 2016 By the Numbers : August 10, 2016 Aug 10 2016
What Drove Shell Midstream’s 2Q16 Earnings Growth? Aug 08 2016
TC PipeLines (TCP) Beats on Q2 Earnings, Revenues Up Y/Y Aug 08 2016
57% of Analysts Rate TC PipeLines a “Hold” after 2Q16 Earnings Aug 05 2016
TC PipeLines Reports 15% Growth in 2Q16 Earnings Aug 05 2016
TC PIPELINES LP Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements... Aug 05 2016
TC PIPELINES LP Files SEC form 8-K, Results of Operations and Financial Condition, Financial... Aug 04 2016
TC PipeLines, LP Announces 2016 Second Quarter Financial Results Aug 04 2016
TC PipeLines, LP Announces 2016 Second Quarter Financial Results Aug 04 2016
TC Pipelines LP breached its 50 day moving average in a Bearish Manner : TCP-US : July 29, 2016 Jul 29 2016
TC PIPELINES LP Files SEC form 8-K, Other Events, Financial Statements and Exhibits Jul 22 2016
TC PipeLines, LP Increases 2016 Second Quarter Cash Distribution by Six Percent Jul 21 2016
TC Pipelines LP breached its 50 day moving average in a Bullish Manner : TCP-US : July 19, 2016 Jul 19 2016
TC Pipelines LP breached its 50 day moving average in a Bearish Manner : TCP-US : July 8, 2016 Jul 08 2016
TC PIPELINES LP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits Jul 01 2016
TC PipeLines, LP's General Partner Undertakes MLP Strategy Review Jul 01 2016
TC PipeLines, LP's General Partner Undertakes MLP Strategy Review Jul 01 2016
TC Pipelines LP – Value Analysis (NYSE:TCP) : June 21, 2016 Jun 21 2016

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