TransCanada released its 1Q16 results showing a comparable EPS of $0.70, compared to our estimate of $0.63 and consensus of $0.66. The Company beat our funds from operations (FFO) estimate of $1.0 billion with actual FFO of $1.1 billion. This was a busy quarter for TransCanada after announcing the agreement to acquire Columbia Pipeline Group, Inc. and raising $4.4 billion with an equity issuance, the largest in Canadian history.
29 Apr 2016
TRANSCANADA CORPORATION REPORTS STRONG 1Q16
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TRANSCANADA CORPORATION REPORTS STRONG 1Q16
Tower Resources plc (TRP:LON) | 0.0 0 (-5.1%) | Mkt Cap: 3.08m
- Published:
29 Apr 2016 -
Author:
Steven I. Paget -
Pages:
2
TransCanada released its 1Q16 results showing a comparable EPS of $0.70, compared to our estimate of $0.63 and consensus of $0.66. The Company beat our funds from operations (FFO) estimate of $1.0 billion with actual FFO of $1.1 billion. This was a busy quarter for TransCanada after announcing the agreement to acquire Columbia Pipeline Group, Inc. and raising $4.4 billion with an equity issuance, the largest in Canadian history.