Friday, TC PipeLines LP (TCLP) said its third-quarter net profit decreased to $27.4 million from $33.0 million in the prior year period. Net profit prior to recast for the quarter declined to $27.4 million from $28.3 million in the year-ago period. Net income per common unit for the quarter was $0.65 per share, lower than $0.72 per share last year. On average, 7 analysts polled by Thomson Reuters expected the company to report earnings of $0.52 per share for the quarter.
Transmission revenues for the quarter increased marginally to $17.5 million from $17.4 million in the comparable period. Two analysts estimated revenues of $17.30 million for the quarter.
For comments and feedback: editorial@rttnews.com