TransCanada released its 2Q16 results showing a comparable EPS of $0.52, compared to our estimate of $0.53 and consensus of $0.52. The Company marginally missed our funds from operations (FFO) estimate of $887 million with actual FFO of $831 million. With a reported EBITDA of $1.4 billion, TransCanada was in line with FCC/Street estimates of $1.4 billion. Pipelines comparable EBITDA of $1.16 billion exceeded our $1.11 billion estimate; Energy (power and gas storage) EBITDA of $236 mm exceeded
28 Jul 2016
REPORTS 2Q16 RESULTS IN LINE WITH EXPECTATIONS
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REPORTS 2Q16 RESULTS IN LINE WITH EXPECTATIONS
Tower Resources plc (TRP:LON) | 0.0 0 0.0% | Mkt Cap: 3.33m
- Published:
28 Jul 2016 -
Author:
Steven I. Paget -
Pages:
3
TransCanada released its 2Q16 results showing a comparable EPS of $0.52, compared to our estimate of $0.53 and consensus of $0.52. The Company marginally missed our funds from operations (FFO) estimate of $887 million with actual FFO of $831 million. With a reported EBITDA of $1.4 billion, TransCanada was in line with FCC/Street estimates of $1.4 billion. Pipelines comparable EBITDA of $1.16 billion exceeded our $1.11 billion estimate; Energy (power and gas storage) EBITDA of $236 mm exceeded