Switch to:
Also traded in: Canada, 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
TRP's Cash-to-Debt is ranked lower than
73% of the 91 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.06 vs. TRP: 0.02 )
Ranked among companies with meaningful Cash-to-Debt only.
TRP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01  Med: N/A Max: N/A
Current: 0.02
Equity-to-Asset 0.28
TRP's Equity-to-Asset is ranked lower than
69% of the 106 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.40 vs. TRP: 0.28 )
Ranked among companies with meaningful Equity-to-Asset only.
TRP' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.22  Med: 0.32 Max: 0.37
Current: 0.28
0.22
0.37
Interest Coverage 2.55
TRP's Interest Coverage is ranked lower than
74% of the 100 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 4.78 vs. TRP: 2.55 )
Ranked among companies with meaningful Interest Coverage only.
TRP' s Interest Coverage Range Over the Past 10 Years
Min: 2.54  Med: 3.01 Max: 3.53
Current: 2.55
2.54
3.53
Piotroski F-Score: 7
Altman Z-Score: 0.80
Beneish M-Score: 12.80
WACC vs ROIC
4.79%
12.54%
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 : 6/10

vs
industry
vs
history
Operating Margin % 36.06
TRP's Operating Margin % is ranked higher than
72% of the 106 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 17.39 vs. TRP: 36.06 )
Ranked among companies with meaningful Operating Margin % only.
TRP' s Operating Margin % Range Over the Past 10 Years
Min: -697.64  Med: 33.99 Max: 38.37
Current: 36.06
-697.64
38.37
Net Margin % 3.85
TRP's Net Margin % is ranked lower than
70% of the 106 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 8.44 vs. TRP: 3.85 )
Ranked among companies with meaningful Net Margin % only.
TRP' s Net Margin % Range Over the Past 10 Years
Min: -117.66  Med: 16.79 Max: 208.85
Current: 3.85
-117.66
208.85
ROE % 1.76
TRP's ROE % is ranked lower than
71% of the 107 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 6.81 vs. TRP: 1.76 )
Ranked among companies with meaningful ROE % only.
TRP' s ROE % Range Over the Past 10 Years
Min: -6.98  Med: 9.19 Max: 13.99
Current: 1.76
-6.98
13.99
ROA % 0.66
TRP's ROA % is ranked lower than
71% of the 112 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.96 vs. TRP: 0.66 )
Ranked among companies with meaningful ROA % only.
TRP' s ROA % Range Over the Past 10 Years
Min: -1.86  Med: 3.3 Max: 4.35
Current: 0.66
-1.86
4.35
ROC (Joel Greenblatt) % 6.26
TRP's ROC (Joel Greenblatt) % is ranked lower than
64% of the 109 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 7.95 vs. TRP: 6.26 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
TRP' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.83  Med: 9.33 Max: 12.59
Current: 6.26
1.83
12.59
3-Year Revenue Growth Rate 8.90
TRP's 3-Year Revenue Growth Rate is ranked higher than
84% of the 80 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: -11.40 vs. TRP: 8.90 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
TRP' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -52.7  Med: 0.7 Max: 33.1
Current: 8.9
-52.7
33.1
3-Year EBITDA Growth Rate -5.20
TRP's 3-Year EBITDA Growth Rate is ranked lower than
69% of the 75 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.00 vs. TRP: -5.20 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
TRP' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: 0  Med: -15.9 Max: 10.2
Current: -5.2
0
10.2
3-Year EPS without NRI Growth Rate -59.60
TRP's 3-Year EPS without NRI Growth Rate is ranked lower than
95% of the 62 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 7.70 vs. TRP: -59.60 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
TRP' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -59.6  Med: 5.35 Max: 77.9
Current: -59.6
-59.6
77.9
GuruFocus has detected 8 Warning Signs with TransCanada Corp $TRP.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» TRP's 30-Y Financials

Financials (Next Earnings Date: 2017-08-05 Est.)


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

» Details

Guru Trades

Q2 2016

TRP Guru Trades in Q2 2016

Ray Dalio 128,800 sh (New)
Joel Greenblatt 475,828 sh (+40.32%)
Leon Cooperman Sold Out
Steven Cohen 73,800 sh (-47.29%)
Jim Simons 133,400 sh (-73.21%)
» More
Q3 2016

TRP Guru Trades in Q3 2016

Jim Simons 387,203 sh (+190.26%)
Ray Dalio 218,600 sh (+69.72%)
Steven Cohen Sold Out
Joel Greenblatt 98,792 sh (-79.24%)
» More
Q4 2016

TRP Guru Trades in Q4 2016

Jim Simons 602,203 sh (+55.53%)
Ray Dalio 284,900 sh (+30.33%)
Joel Greenblatt Sold Out
» More
Q1 2017

TRP Guru Trades in Q1 2017

Jim Simons 1,221,103 sh (+102.77%)
Ray Dalio Sold Out
» More
» Details

Insider Trades

Latest Guru Trades with TRP

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

No Entry found in the selected group of Gurus. You can
  • 1. Modify your Personalized List of Gurus, or
  • 2. Click on Premium Premium Tools above to check out all the Gurus, or
  • 3. Click on Premium Plus Premium Plus above for the stocks picks of all the institutional investment advisors (>4000)
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Preferred stocks of TransCanada Corp

SymbolPriceYieldDescription
TRP.PR.E.Canada21.184.88Cum Red First Pfd Shs Series -9-
TRP.PR.A.Canada18.602.19Cum Red First Pfd Series -1-
TRP.PR.C.Canada15.621.81Series 5
TRP.PR.B.Canada14.501.86Cum Red First Pfd Shs Series -3-
TRP.PR.D.Canada20.973.58First Cum Red Pfd Shs Series -7- Fltg Rt
TRP.PR.F.Canada18.772.40Series 2
TRP.PR.G.Canada22.753.13Cum Red First Pfd Shs Series -11-
TRP.PR.H.Canada13.522.45Cum Red First Pfd Shs Series -4- Fltg Rt
TRP.PR.I.Canada15.012.526
TRP.PR.J.Canada26.803.85Cum Red Rate Reset First Pfd Shs Series -13-
TNCAF13.911.62Series 2
TCANF11.650.00Series 5
TRP.PR.K.Canada26.082.45Cum Red First Pfd Registered Shs Series -15-

Business Description

Industry: Oil & Gas - Midstream » Oil & Gas Midstream    NAICS: 486210    SIC: 4611
Compare:NYSE:KMI, NYSE:WPZ, NYSE:ETP, NYSE:SE, NYSE:EPD, NYSE:WMB, NYSE:PAA, NYSE:ETE, NYSE:ENB, NYSE:MMP, NYSE:OKS, NYSE:SEP, NYSE:PBA, NYSE:MPLX, AMEX:LNG, AMEX:CQP, NYSE:OKE, NYSE:SHLX, NYSE:WGP, NYSE:TRGP » details
Traded in other countries:TRP.Canada, TRS.Germany,
Headquarter Location:Canada
TransCanada Corp is an energy infrastructure company. The Company operates in three business segments: Natural Gas Pipelines, Liquid Pipelines and Energy.

TransCanada operates as an energy infrastructure company, consisting of pipeline and power generation assets in Canada, the U.S., and Mexico. TransCanada's pipeline network consists of over 67,000 km (41,900 miles) of natural gas pipeline, along with the Keystone Pipeline system. The company also owns or has interests in 20 power generation facilities, with a capacity of 13,100 megawatts.

Top Ranked Articles about TransCanada Corp

TransCanada Announces Closing Conditions Satisfied for Acquisition of Columbia Pipeline Group

CALGARY, ALBERTA and HOUSTON, TEXAS--(Marketwired - Jun 30, 2016) - News Release Highlights:

Acquisition creates one of North America's largest regulated natural gas transmission companies with approximately 90,300 km (56,100 miles) of natural gas pipelines connecting the continent's most prolific supply basins to premium markets
Largest North American natural gas storage business with 664 billion cubic feet of capacity
$25 billion of secured, near-term growth projects in Canada, the United States and Mexico
Acquisition is expected to be accretive to earnings per share in the first full year of ownership, providing increased revenue predictability from regulated and long-term contracted assets
Supports and may augment eight to 10 per cent expected annual dividend growth rate through 2020
Targeted annual cost, revenue and financing benefits of approximately US$250 million
Subscription receipts to be exchanged for common shares
Company to reinstate issuance of common shares from treasury under Dividend Reinvestment Plan

TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced that all conditions required to complete the previously announced acquisition of Columbia Pipeline Group, Inc. (NYSE:CPGX) (Columbia) under the terms of the merger agreement have been satisfied and that all necessary filings have been made for the transaction to take effect on July 1, 2016. TransCanada will acquire Columbia for US$25.50 per common share in cash, resulting in an aggregate purchase price of approximately US$13 billion including the assumption of approximately US$2.8 billion of debt. Upon completion of the acquisition, Columbia will be an indirect wholly-owned subsidiary of TransCanada. "This acquisition is a tremendous opportunity to obtain a competitively-positioned, growing network of regulated natural gas pipelines and storage assets in the heart of the Marcellus and Utica basins," said Russ Girling, TransCanada's president and chief executive officer. "With this transaction, we have further diversified our suite of premium assets, added to our near-term growth portfolio and created one of North America's largest regulated natural gas transmission and storage businesses, linking the continent's most prolific natural gas supply basins to its most attractive markets." The Marcellus and Utica basins - the fastest-growing natural gas supply region in North America - has the lowest development and production costs along with the highest growth prospects of any large basin on the continent. Upon completion of the acquisition, TransCanada will remain focused on advancing a combined $25 billion of secured, near-term growth projects that are expected to deliver significant customer and shareholder value as they enter service, largely in the 2016 to 2018 timeframe. This growth supports and may augment TransCanada's eight to 10 per cent expected annual dividend growth rate through 2020. "As we move forward, our focus on safety, integrity, reliability and accountability remains the same so we can maintain strong relationships with the communities where we operate and maximize value for our shareholders," added Girling. "Together we are stronger, better able to compete, in a unique position to grow and to continue building critical energy infrastructure that North Americans need." Moving forward, TransCanada will own and operate one of North America's largest natural gas transportation and storage networks. The company now connects supply in the Western Canada Sedimentary, Marcellus, Utica and other basins with markets across Canada, the United States and Mexico. Information for Holders of Subscription Receipts TransCanada expects that, effective July 4, 2016, being the first Canadian business day following the expected acquisition closing date, the subscription receipts issued on April 1, 2016 to fund a portion of the purchase price for Columbia will automatically be exchanged for TransCanada common shares in accordance with the terms of the subscription receipt agreement. TransCanada expects that trading in the subscription receipts will be halted on the Toronto Stock Exchange (TSX) prior to market opening on Monday July 4, 2016, that the transfer register maintained by the subscription receipt agent will be closed and that the subscription receipts will be delisted by the TSX after close of trading on July 4, 2016. The common shares to be issued on the exchange of the subscription receipts are expected to begin trading on the TSX on July 4, 2016, and on the New York Stock Exchange on July 5, 2016. Holders of subscription receipts as of June 30, 2016, will remain entitled to receive a dividend equivalent payment on July 29, 2016 of $0.565 per subscription receipt that they held on June 30, 2016. TransCanada Reinstates Common Share Issuance from Treasury Under Dividend Reinvestment Plan TransCanada also announced that its Board of Directors has approved the issuance of common shares from treasury at a two per cent discount under TransCanada's Dividend Reinvestment Plan for TransCanada common share and preferred share dividends commencing with the next dividends declared by the Board of Directors. Amounts reinvested will be utilized to assist in funding the Company's $25 billion near-term growth program. Portfolio Management and Acquisition Synergies Portfolio management will play an important role in the permanent financing of the acquisition through the planned monetization of TransCanada's U.S. Northeast merchant power assets and a minority interest in its Mexican natural gas pipeline business. The proceeds from these asset sales, along with proceeds from the subscription receipts, are expected to make up the required funding for the acquisition while maintaining the company's financial strength and flexibility. The company continues to advance these sales processes with the expectation of announcing transactions by the end of 2016. Until the asset sales are completed, TransCanada has a bridge-term loan credit facility in place for up to US$6.9 billion with a syndicate of lenders for a period of 24 months. A dedicated team is focused on realizing efficiencies that will support approximately US$250 million in annual cost, revenue and financing benefits associated with the Columbia acquisition and integration. With more than 65 years' experience, TransCanada is a leader in the responsible development and reliable operation of North American energy infrastructure including natural gas and liquids pipelines, power generation and gas storage facilities. TransCanada operates a network of natural gas pipelines that extends more than 66,400 kilometres (41,300 miles), tapping into virtually all major gas supply basins in North America. TransCanada is one of the continent's leading provider of gas storage and related services with 368 billion cubic feet of storage capacity. A large independent power producer, TransCanada currently owns or has interests in over 10,500 megawatts of power generation in Canada and the United States. TransCanada is also the developer and operator of one of North America's leading liquids pipeline systems that extends over 4,300 kilometres (2,700 miles), connecting growing continental oil supplies to key markets and refineries. TransCanada's common shares trade on the Toronto and New York stock exchanges under the symbol TRP. Visit TransCanada.com and our blog to learn more, or connect with us on social media and 3BL Media. FORWARD LOOKING INFORMATION
This publication contains certain information that is forward-looking and is subject to important risks and uncertainties (such statements are usually accompanied by words such as "anticipate", "expect", "believe", "may", "will", "should", "estimate", "intend" or other similar words). Forward-looking statements in this document are intended to provide TransCanada security holders and potential investors with information regarding TransCanada and its subsidiaries, including management's assessment of TransCanada's and its subsidiaries' future plans and financial outlook. All forward-looking statements reflect TransCanada's beliefs and assumptions based on information available at the time the statements were made and as such are not guarantees of future performance. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this news release, and not to use future-oriented information or financial outlooks for anything other than their intended purpose. TransCanada undertakes no obligation to update or revise any forward-looking information except as required by law. For additional information on the assumptions made, and the risks and uncertainties which could cause actual results to differ from the anticipated results, refer to TransCanada's First Quarter Report to Shareholders dated April 28, 2016 and 2015 Annual Report on our website at www.transcanada.com or filed under TransCanada's profile on SEDAR at www.sedar.com and with the U.S. Securities and Exchange Commission at www.sec.gov.






Media Enquiries:
Mark Cooper / Terry Cunha / Shawn Howard
403.920.7859 or 800.608.7859
TransCanada Investor & Analyst Enquiries:
David Moneta / Stuart Kampel
403.920.7911 or 800.361.6522




Read more...
TransCanada to Present at J.P. Morgan Inaugural Energy Equity Conference

CALGARY, ALBERTA--(Marketwired - Jun 24, 2016) - News Release - Don Marchand, Executive Vice-President, Corporate Development and Chief Financial Officer of TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) will be presenting at the J.P. Morgan Inaugural Energy Equity Conference in New York City on June 27, 2016. A copy of the presentation will be available in the Investor Centre section of TransCanada's website at http://www.transcanada.com/events-presentations.html With more than 65 years' experience, TransCanada is a leader in the responsible development and reliable operation of North American energy infrastructure including natural gas and liquids pipelines, power generation and gas storage facilities. TransCanada operates a network of natural gas pipelines that extends more than 66,400 kilometres (41,300 miles), tapping into virtually all major gas supply basins in North America. TransCanada is one of the continent's leading providers of gas storage and related services with 368 billion cubic feet of storage capacity. A large independent power producer, TransCanada currently owns or has interests in over 10,500 megawatts of power generation in Canada and the United States. TransCanada is also the developer and operator of one of North America's leading liquids pipeline systems that extends over 4,300 kilometres (2,700 miles), connecting growing continental oil supplies to key markets and refineries. TransCanada's common shares trade on the Toronto and New York stock exchanges under the symbol TRP. Visit TransCanada.com and our blog to learn more, or connect with us on social media and 3BL Media. FORWARD LOOKING INFORMATION This publication contains certain information that is forward-looking and is subject to important risks and uncertainties (such statements are usually accompanied by words such as "anticipate", "expect", "believe", "may", "will", "should", "estimate", "intend" or other similar words). Forward-looking statements in this document are intended to provide TransCanada security holders and potential investors with information regarding TransCanada and its subsidiaries, including management's assessment of TransCanada's and its subsidiaries' future plans and financial outlook. All forward-looking statements reflect TransCanada's beliefs and assumptions based on information available at the time the statements were made and as such are not guarantees of future performance. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this news release, and not to use future-oriented information or financial outlooks for anything other than their intended purpose. TransCanada undertakes no obligation to update or revise any forward-looking information except as required by law. For additional information on the assumptions made, and the risks and uncertainties which could cause actual results to differ from the anticipated results, refer to TransCanada's First Quarter Report to Shareholders dated April 28, 2016 and 2015 Annual Report on our website at www.transcanada.com or filed under TransCanada's profile on SEDAR at www.sedar.com and with the U.S. Securities and Exchange Commission at www.sec.gov.





Media Enquiries:
Mark Cooper / Terry Cunha
403.920.7859 or 800.608.7859
TransCanada Investor & Analyst Enquiries:
David Moneta / Stuart Kampel
403.920.7911 or 800.361.6522




Read more...
TransCanada Acquisition of Columbia Pipeline Group Receives Stockholder Support

TransCanada Advances Vision to Create North America's Leading Natural Gas Transportation and Storage Company

HOUSTON, TEXAS--(Marketwired - Jun 22, 2016) - News Release - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) and Columbia Pipeline Group, Inc. (NYSE:CPGX) (Columbia) today announced that at a special meeting held earlier today in Houston, Texas, Columbia's stockholders voted to adopt the previously announced merger agreement. Approximately 95.33% of votes cast by Columbia stockholders were in favour of adoption of the merger agreement, which will have TransCanada acquire Columbia for US$25.50 per share of common stock in cash, resulting in an aggregate purchase price of approximately US$13 billion, including the assumption of approximately US$2.8 billion of debt. "We are very pleased with the support of Columbia's stockholders. Today's vote is an important milestone that moves us closer to completing this acquisition and creating one of North America's leading natural gas transportation and storage companies," said Russ Girling, TransCanada's president and chief executive officer. "Columbia's assets and development projects are managed by a dedicated employee base with experience and a commitment to operating safely, and we look forward to working with them." Columbia's stockholder approval fulfills the final major closing condition for the proposed acquisition. In May 2016, TransCanada and Columbia announced other regulatory conditions necessary to close the deal had been satisfied: Specifically the early termination of the Hart-Scott-Rodino waiting period, and Committee on Foreign Investment in the US (CFIUS) clearance. TransCanada and Columbia anticipate that the closing of the transaction will be effective on July 1, 2016. "This acquisition provides TransCanada with a unique opportunity to invest in a proven, growth focused company with a competitively positioned and growing network of regulated natural gas pipelines and storage assets in the Appalachian region, the fastest growing production basin in North America," added Girling. "Together, we bring greater options for our customers to get their products to markets through one of North America's largest natural gas transmission networks. Our combined $25 billion in near-term growth opportunities supports, and may augment, an expected eight to 10 per cent annual dividend growth rate for our shareholders through 2020." With more than 65 years' experience, TransCanada is a leader in the responsible development and reliable operation of North American energy infrastructure including natural gas and liquids pipelines, power generation and gas storage facilities. TransCanada operates a network of natural gas pipelines that extends more than 66,400 kilometres (41,300 miles), tapping into virtually all major gas supply basins in North America. TransCanada is one of the continent's leading provider of gas storage and related services with 368 billion cubic feet of storage capacity. A large independent power producer, TransCanada currently owns or has interests in over 10,500 megawatts of power generation in Canada and the United States. TransCanada is also the developer and operator of one of North America's leading liquids pipeline systems that extends over 4,300 kilometres (2,700 miles), connecting growing continental oil supplies to key markets and refineries. TransCanada's common shares trade on the Toronto and New York stock exchanges under the symbol TRP. Visit TransCanada.com and our blog to learn more, or connect with us on social media and 3BL Media. FORWARD LOOKING INFORMATION This publication contains certain information that is forward-looking and is subject to important risks and uncertainties (such statements are usually accompanied by words such as "anticipate", "expect", "believe", "may", "will", "should", "estimate", "intend" or other similar words). Forward-looking statements in this document are intended to provide TransCanada security holders and potential investors with information regarding TransCanada and its subsidiaries, including management's assessment of TransCanada's and its subsidiaries' future plans and financial outlook. All forward-looking statements reflect TransCanada's beliefs and assumptions based on information available at the time the statements were made and as such are not guarantees of future performance. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this news release, and not to use future-oriented information or financial outlooks for anything other than their intended purpose. TransCanada undertakes no obligation to update or revise any forward-looking information except as required by law. For additional information on the assumptions made, and the risks and uncertainties which could cause actual results to differ from the anticipated results, refer to TransCanada's First Quarter Report to Stockholders dated April 28, 2016 and 2015 Annual Report on our website at www.transcanada.com or filed under TransCanada's profile on SEDAR at www.sedar.com and with the U.S. Securities and Exchange Commission at www.sec.gov.





Media Enquiries:
Mark Cooper / Terry Cunha / Shawn Howard
403.920.7859 or 800.608.7859
TransCanada Investor & Analyst Enquiries:
David Moneta / Stuart Kampel
403.920.7911 or 800.361.6522




Read more...
TransCanada Partnership Awarded Contract to Build US$2.1 Billion Sur de Texas-Tuxpan Natural Gas Pipeline in Mexico

MEXICO CITY, MEXICO and CALGARY, ALBERTA--(Marketwired - Jun 13, 2016) - News Release -- TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced that its joint venture with IEnova, Infraestructura Marina del Golfo (IMG), has been chosen to build, own and operate the US$2.1 billion Sur de Texas-Tuxpan natural gas pipeline in Mexico. The project will be supported by a 25-year natural gas transportation service contract for 2.6 billion cubic feet a day with the Comisión Federal de Electricidad (CFE), Mexico's state-owned power company. "We are extremely pleased to further our growth plans in Mexico with one of the most important natural gas infrastructure projects for that country's future," said Russ Girling, TransCanada's president and chief executive officer. "This new project brings our footprint of existing assets and projects in development in Mexico to more than US$5 billion, all underpinned by 25-year agreements with Mexico's state power company." The bid for the Sur de Texas-Tuxpan project was presented in partnership with IEnova, a subsidiary of Sempra Energy. TransCanada will develop, operate and own 60 per cent of this project, with IEnova owning 40 per cent of it. TransCanada expects to invest approximately US$1.3 billion in the partnership to construct the 42-inch diameter, approximately 800-kilometre (497-mile) pipeline and anticipates an in-service date of late 2018. The pipeline will begin offshore in the Gulf of Mexico, at the border point near Brownsville, Texas and end in Tuxpan, in the state of Veracruz. In addition to a connection with CENAGAS's pipeline system in Altamira, the project will interconnect with TransCanada's Tamazunchale and Tuxpan-Tula pipelines as well as with other transporters in the region. The Sur de Texas-Tuxpan Pipeline is the most recent addition to TransCanada's expanding portfolio in Mexico. In the last eight months, TransCanada was awarded the Tuxpan-Tula and the Tula-Villa de Reyes pipelines. Construction activities for these two pipelines are already in progress with the expectation of achieving in-service dates of 2018. With more than 65 years' experience, TransCanada is a leader in the responsible development and reliable operation of North American energy infrastructure including natural gas and liquids pipelines, power generation and gas storage facilities. TransCanada operates a network of natural gas pipelines that extends more than 66,400 kilometres (41,300 miles), tapping into virtually all major gas supply basins in North America. TransCanada is one of the continent's largest providers of gas storage and related services with 368 billion cubic feet of storage capacity. A growing independent power producer, TransCanada owns or has interests in over 10,500 megawatts of power generation in Canada and the United States. TransCanada is also the developer and operator of one of North America's leading liquids pipeline systems that extends over 4,300 kilometres (2,680 miles), connecting growing continental oil and liquids supplies to key markets and refineries. TransCanada's common shares trade on the Toronto and New York stock exchanges under the symbol TRP. Visit transcanadamexico.com or connect with us on social media. FORWARD-LOOKING INFORMATION This publication contains certain information that is forward-looking and is subject to important risks and uncertainties (such statements are usually accompanied by words such as "anticipate", "expect", "believe", "may", "will", "should", "estimate", "intend" or other similar words). Forward-looking statements in this document are intended to provide TransCanada security holders and potential investors with information regarding TransCanada and its subsidiaries, including management's assessment of TransCanada's and its subsidiaries' future plans and financial outlook. All forward-looking statements reflect TransCanada's beliefs and assumptions based on information available at the time the statements were made and as such are not guarantees of future performance. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this news release, and not to use future-oriented information or financial outlooks for anything other than their intended purpose. TransCanada undertakes no obligation to update or revise any forward-looking information except as required by law. For additional information on the assumptions made, and the risks and uncertainties which could cause actual results to differ from the anticipated results, refer to the Quarterly Report to Shareholders dated February 11, 2016 and 2015 Annual Report filed under TransCanada's profile on SEDAR at www.sedar.com and with the U.S. Securities and Exchange Commission at www.sec.gov.





Media Enquiries:
Mark Cooper / Terry Cunha / Juan Carlos Hernandez
403.920.7859 or 800.608.7859
TransCanada Investor & Analyst Enquiries:
David Moneta / Stuart Kampel
403.920.7911 or 800.361.6522




Read more...

Ratios

vs
industry
vs
history
PE Ratio 108.07
TRP's PE Ratio is ranked lower than
98% of the 81 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 23.92 vs. TRP: 108.07 )
Ranked among companies with meaningful PE Ratio only.
TRP' s PE Ratio Range Over the Past 10 Years
Min: 11.16  Med: 19.78 Max: 298.62
Current: 108.07
11.16
298.62
Forward PE Ratio 21.98
TRP's Forward PE Ratio is ranked higher than
61% of the 109 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 9999.00 vs. TRP: 21.98 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 108.07
TRP's PE Ratio without NRI is ranked lower than
98% of the 80 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 23.96 vs. TRP: 108.07 )
Ranked among companies with meaningful PE Ratio without NRI only.
TRP' s PE Ratio without NRI Range Over the Past 10 Years
Min: 11.15  Med: 19.78 Max: 298.62
Current: 108.07
11.15
298.62
PB Ratio 2.71
TRP's PB Ratio is ranked lower than
61% of the 106 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.18 vs. TRP: 2.71 )
Ranked among companies with meaningful PB Ratio only.
TRP' s PB Ratio Range Over the Past 10 Years
Min: 1.39  Med: 2.06 Max: 3.18
Current: 2.71
1.39
3.18
PS Ratio 3.67
TRP's PS Ratio is ranked lower than
56% of the 106 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.14 vs. TRP: 3.67 )
Ranked among companies with meaningful PS Ratio only.
TRP' s PS Ratio Range Over the Past 10 Years
Min: 2  Med: 3.61 Max: 62.88
Current: 3.67
2
62.88
Price-to-Operating-Cash-Flow 9.73
TRP's Price-to-Operating-Cash-Flow is ranked higher than
59% of the 94 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 9.86 vs. TRP: 9.73 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
TRP' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 5.4  Med: 8.73 Max: 10.43
Current: 9.73
5.4
10.43
EV-to-EBIT 32.69
TRP's EV-to-EBIT is ranked lower than
95% of the 111 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 20.94 vs. TRP: 32.69 )
Ranked among companies with meaningful EV-to-EBIT only.
TRP' s EV-to-EBIT Range Over the Past 10 Years
Min: -1916  Med: 17.1 Max: 122
Current: 32.69
-1916
122
EV-to-EBITDA 20.23
TRP's EV-to-EBITDA is ranked lower than
99.99% of the 111 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 13.97 vs. TRP: 20.23 )
Ranked among companies with meaningful EV-to-EBITDA only.
TRP' s EV-to-EBITDA Range Over the Past 10 Years
Min: 7.1  Med: 12 Max: 54.6
Current: 20.23
7.1
54.6
Shiller PE Ratio 35.76
TRP's Shiller PE Ratio is ranked lower than
72% of the 46 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 26.03 vs. TRP: 35.76 )
Ranked among companies with meaningful Shiller PE Ratio only.
TRP' s Shiller PE Ratio Range Over the Past 10 Years
Min: 15.12  Med: 20.09 Max: 35.95
Current: 35.76
15.12
35.95
Current Ratio 0.88
TRP's Current Ratio is ranked higher than
50% of the 108 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.05 vs. TRP: 0.88 )
Ranked among companies with meaningful Current Ratio only.
TRP' s Current Ratio Range Over the Past 10 Years
Min: 0.4  Med: 0.58 Max: 1.24
Current: 0.88
0.4
1.24
Quick Ratio 0.83
TRP's Quick Ratio is ranked higher than
56% of the 108 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.95 vs. TRP: 0.83 )
Ranked among companies with meaningful Quick Ratio only.
TRP' s Quick Ratio Range Over the Past 10 Years
Min: 0.34  Med: 0.51 Max: 1.13
Current: 0.83
0.34
1.13
Days Inventory 34.34
TRP's Days Inventory is ranked lower than
80% of the 81 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 16.16 vs. TRP: 34.34 )
Ranked among companies with meaningful Days Inventory only.
TRP' s Days Inventory Range Over the Past 10 Years
Min: 32.42  Med: 33.98 Max: 82.56
Current: 34.34
32.42
82.56
Days Sales Outstanding 55.49
TRP's Days Sales Outstanding is ranked lower than
86% of the 98 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 35.87 vs. TRP: 55.49 )
Ranked among companies with meaningful Days Sales Outstanding only.
TRP' s Days Sales Outstanding Range Over the Past 10 Years
Min: 43.1  Med: 51.3 Max: 543.98
Current: 55.49
43.1
543.98
Days Payable 217.81
TRP's Days Payable is ranked higher than
96% of the 80 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 44.51 vs. TRP: 217.81 )
Ranked among companies with meaningful Days Payable only.
TRP' s Days Payable Range Over the Past 10 Years
Min: 107.74  Med: 169.86 Max: 395.7
Current: 217.81
107.74
395.7

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 3.70
TRP's Dividend Yield % is ranked lower than
99.99% of the 112 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 6.90 vs. TRP: 3.70 )
Ranked among companies with meaningful Dividend Yield % only.
TRP' s Dividend Yield % Range Over the Past 10 Years
Min: 3.1  Med: 3.84 Max: 4.98
Current: 3.7
3.1
4.98
Dividend Payout Ratio 4.30
TRP's Dividend Payout Ratio is ranked lower than
99.99% of the 112 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.29 vs. TRP: 4.30 )
Ranked among companies with meaningful Dividend Payout Ratio only.
TRP' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.57  Med: 0.77 Max: 14.13
Current: 4.3
0.57
14.13
3-Year Dividend Growth Rate 7.10
TRP's 3-Year Dividend Growth Rate is ranked lower than
54% of the 61 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 8.70 vs. TRP: 7.10 )
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
TRP' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 0  Med: 5.7 Max: 15.2
Current: 7.1
0
15.2
Forward Dividend Yield % 3.88
TRP's Forward Dividend Yield % is ranked lower than
99.99% of the 110 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 7.47 vs. TRP: 3.88 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 4.96
TRP's 5-Year Yield-on-Cost % is ranked lower than
99.99% of the 107 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 9.04 vs. TRP: 4.96 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
TRP' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 4.15  Med: 5.14 Max: 6.66
Current: 4.96
4.15
6.66
3-Year Average Share Buyback Ratio -6.90
TRP's 3-Year Average Share Buyback Ratio is ranked higher than
56% of the 75 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: -8.10 vs. TRP: -6.90 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
TRP' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -31.8  Med: -4.5 Max: 0.1
Current: -6.9
-31.8
0.1

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 16.10
TRP's Price-to-Tangible-Book is ranked lower than
84% of the 92 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.96 vs. TRP: 16.10 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
TRP' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.32  Med: 2.77 Max: 16.1
Current: 16.1
1.32
16.1
Price-to-Intrinsic-Value-Projected-FCF 2.36
TRP's Price-to-Intrinsic-Value-Projected-FCF is ranked higher than
60% of the 47 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.10 vs. TRP: 2.36 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
TRP' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 1.09  Med: 2.1 Max: 3.38
Current: 2.36
1.09
3.38
Price-to-Median-PS-Value 1.02
TRP's Price-to-Median-PS-Value is ranked higher than
72% of the 92 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.15 vs. TRP: 1.02 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
TRP' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.11  Med: 0.67 Max: 16.31
Current: 1.02
0.11
16.31
Price-to-Graham-Number 8.79
TRP's Price-to-Graham-Number is ranked lower than
98% of the 60 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.98 vs. TRP: 8.79 )
Ranked among companies with meaningful Price-to-Graham-Number only.
TRP' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.86  Med: 1.5 Max: 10.3
Current: 8.79
0.86
10.3
Earnings Yield (Greenblatt) % 3.06
TRP's Earnings Yield (Greenblatt) % is ranked lower than
94% of the 112 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 4.78 vs. TRP: 3.06 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
TRP' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 0.8  Med: 5.8 Max: 10.1
Current: 3.06
0.8
10.1
Forward Rate of Return (Yacktman) % -6.71
TRP's Forward Rate of Return (Yacktman) % is ranked lower than
66% of the 58 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: -2.92 vs. TRP: -6.71 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
TRP' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -7.4  Med: 1.95 Max: 20.7
Current: -6.71
-7.4
20.7

More Statistics

Revenue (TTM) (Mil) $10,568
EPS (TTM) $ 0.45
Beta0.65
Short Percentage of Float0.00%
52-Week Range $41.09 - 49.77
Shares Outstanding (Mil)871.00

Analyst Estimate

Dec17 Dec18 Dec19
Revenue (Mil $) 9,214 10,172 11,573
EPS ($) 2.12 2.29 2.37
EPS without NRI ($) 2.12 2.29 2.37
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($)
» More Articles for TRP

Headlines

Articles On GuruFocus.com
An MLP With 17 Consecutive Years of Distribution Growth & a 6.4% Yield Jan 06 2017 
TransCanada to Issue Third Quarter 2016 Results November 2 Oct 19 2016 
TransCanada Launches Open Season on New Mainline Tolling Option Oct 13 2016 
Companies That Reached Their 52-Week Highs Sep 27 2016 
TransCanada Announces Offer to Purchase All Common Units of Columbia Pipeline Partners, LP Sep 26 2016 
TransCanada's ANR Pipeline Files Settlement in Section 4 Rate Case Sep 21 2016 
TransCanada to Present at Peters & Co. Energy Conference Sep 15 2016 
TransCanada Announces Closing Conditions Satisfied for Acquisition of Columbia Pipeline Group Jun 30 2016 
TransCanada to Present at J.P. Morgan Inaugural Energy Equity Conference Jun 24 2016 
TransCanada Acquisition of Columbia Pipeline Group Receives Stockholder Support Jun 22 2016 

More From Other Websites
Why Enbridge Inc Is a Dividend Investor's Dream May 27 2017
Williams Companies’ Current Valuation: What’s the Story? May 25 2017
Williams Companies Recovers Slightly after a Sluggish Week May 25 2017
Moody's: Canadian acquisition spree of US utilities and pipeline companies expected to continue May 22 2017
Where Will TransCanada Corporation Be in 10 Years? May 16 2017
Keystone XL operator reassessing interest of US producers May 15 2017
New, Stronger Regulator for Canada Energy Projects -Panel Advice May 14 2017
TransCanada Corp. breached its 50 day moving average in a Bearish Manner : TRP-US : May 12, 2017 May 12 2017
4 Things TransCanada Corporation's CEO Wants You to Know About Its Q1 Results May 10 2017
TransCanada Launches Updated Interactive Website May 09 2017
TransCanada Announces 2017 Annual Meeting Board of Director Election Results May 05 2017
TransCanada Keystone XL shipper talks complicated, CEO says as profit up May 05 2017
Acquisitions Fuel a Record-Breaking Quarter for TransCanada Corporation May 05 2017
TransCanada to Divest 2 Gas Pipelines for $765 Million May 05 2017
TransCanada posts 1Q profit May 05 2017
TransCanada's quarterly profit more than doubles May 05 2017
TransCanada Declares Quarterly Dividends May 05 2017
TransCanada Reports First Quarter 2017 Financial Results; Strong Results Build Upon Transformational... May 05 2017
TransCanada Keystone XL Shipper Talks Complicated, CEO Says as Profit Up May 04 2017
TransCanada to sell interests in two gas pipelines for $765 mln May 04 2017

Personalized Checklist

Checklist has been moved to "Checklist" tab.

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)