TransCanada reported a comparable EPS of $0.52/share, in line with our estimate of $0.53/share and consensus of $0.52/share and EBITDA of $1.4 billion, in line with FCC/Street estimates of $1.4 billion. On July 1, 2016, TransCanada closed the $13 billion acquisition of the Columbia Pipeline Group and is working on $250 mm of annual benefits from the combination. In the quarter, TransCanada also reinstated a dividend reinvestment plan (DRIP), offering common shares from treasury at a 2% discou
29 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:
29 Jul 2016 -
Author:
Steven I. Paget -
Pages:
6
TransCanada reported a comparable EPS of $0.52/share, in line with our estimate of $0.53/share and consensus of $0.52/share and EBITDA of $1.4 billion, in line with FCC/Street estimates of $1.4 billion. On July 1, 2016, TransCanada closed the $13 billion acquisition of the Columbia Pipeline Group and is working on $250 mm of annual benefits from the combination. In the quarter, TransCanada also reinstated a dividend reinvestment plan (DRIP), offering common shares from treasury at a 2% discou