Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

TransCanada Q1 Profit Slides - Quick Facts

RELATED NEWS
Trade TRP now with 

TransCanada Corp. (TRP.TO: Quote,TRP: Quote) posted lower first-quarter comparable earnings of C$363 million or C$0.52 per share versus C$423 million or C$0.61 per share for the same period in 2011. On average, 10 analysts polled by Thomson Reuters expected earnings per share of C$0.54 for the quarter. Analysts' estimates typically exclude one-time items.

The company said the incremental earnings from Keystone and other recently commissioned assets were more than offset by lower contributions from Bruce Power related to planned maintenance outages, reduced revenues from U.S. natural gas pipelines and natural gas storage, higher interest expense as a result of lower capitalized interest and reduced contributions from the Canadian Mainline and U.S. Power.

Net income attributable to common shares for the recent quarter slid to C$352 million or C$0.50 per share from last year's C$411 million or C$0.59 per share.

Revenues were C$1.91 billion, higher than C$1.87 billion in the comparable period a year ago.

Separately, TransCanada's board has declared a quarterly dividend of C$0.44 per share for the quarter ending June 30, 2012, equivalent to C$1.76 per share on an annualized basis.

Register
To receive FREE breaking news email alerts for TransCanada Corp. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
German unemployment reached the lowest in more than two decades in November, boosting confidence among businesses and households. The seasonally adjusted jobless rate for November was 6.6 percent, unchanged from October's figure that was downwardly revised, data from the Federal Labor Agency showed Thursday. Eurozone money supply supply growth remained steady in October, while lending to the private sector continued to fall, despite the stimulus efforts from the European Central Bank. The annual growth of broad money, or M3, was 2.5 percent in October, unchanged from September, the ECB said on Thursday.... Australia's international cricketer Phillip Hughes, who sustained critical injury after being hit on the head by a ball during a domestic match Tuesday, has died. The 25 year-old promising player had been fighting for his life for two days at St Vincent's Hospital in Sydney, in induced coma. Australian cricket team's doctor Peter Brukner said at a news conference Thursday that Hughes died as a
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.