Impact: Positive. On its cash-based results, Veresen reported Distributable Cash Flow (DCF) of $94 mm compared to our estimate of $79 mm; in particular, the Pipeline division outperformed our estimates. Management expects to be able to achieve its FY2016 targets with distributable cash in the range of $1.03 to $1.13 per share (FCCe: $0.98/share prior to 2Q results).
03 Aug 2016
RELEASES STRONG 2Q16 RESULTS; LOOKS TO DIVEST POWER BUSINESS; SUSPENSION OF DRIP
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RELEASES STRONG 2Q16 RESULTS; LOOKS TO DIVEST POWER BUSINESS; SUSPENSION OF DRIP
Veresen (VSN:TSE) | 0 0 0.0% | Mkt Cap: 5,806m
- Published:
03 Aug 2016 -
Author:
Steven I. Paget -
Pages:
4
Impact: Positive. On its cash-based results, Veresen reported Distributable Cash Flow (DCF) of $94 mm compared to our estimate of $79 mm; in particular, the Pipeline division outperformed our estimates. Management expects to be able to achieve its FY2016 targets with distributable cash in the range of $1.03 to $1.13 per share (FCCe: $0.98/share prior to 2Q results).