TC PipeLines, LP Common Units representing Limited Partner Interests (TCP) Company Bio
TC Pipelines LP owns, and participates in the management of energy infrastructure businesses in North America. The company has equity ownership interests in two natural gas interstate pipeline systems, as well as three wholly-owned and one majority owned pipeline.The company was founded in 1998 and is based in Houston, Texas.
TCP Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for TCP, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Tc Pipelines Lp ranked in the 43th percentile in terms of potential gain offered. We should note, though, that all scenearios modelled for this stock suggest it is overvalued. The most interesting components of our discounted cash flow analysis for Tc Pipelines Lp ended up being:
Its compound free cash flow growth rate, as measured over the past 5.7 years, is -0.05% -- higher than only 18.43% of stocks in our DCF forecasting set.
52% of the company's capital comes from equity, which is greater than only 24.13% of stocks in our cash flow based forecasting set.
The weighted average cost of capital for the company is 7. This value is greater than merely 3.77% stocks in the Energy sector that generate free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
Want more companies with a valuation profile/forecast similar to that of Tc Pipelines Lp? See EOG, EPD, HAL, PEIX, and PNRG.
Introduction When looking across the proverbial sea of midstream Master Limited Partnerships, TC PipeLines (TCP) stands out for being one of the few that managed to sustain their distributions amidst the turmoil in 2020. They entered this downturn well prepared and thus offer investors a nice high distribution yield of...
Daniel Thurecht on Seeking Alpha | August 26, 2020
TC Pipelines, LP (TCP) Q2 2020 Results Conference Call August 05, 2020 12:00 PM ET Company Participants Rhonda Amundson - Investor Relations Nathaniel Brown - President and Chief Executive Officer Janine Watson - Vice President and General Manager William Morris - Principal Financial Officer Conference Call Participants Matt Taylor -...
HOUSTON, July 23, 2020 (GLOBE NEWSWIRE) -- News Release – TC PipeLines, LP (NYSE: TCP) (the Partnership) today announced that the board of directors of TC PipeLines GP, Inc., its general partner, declared the Partnership’s second quarter 2020 cash distribution of $0.65 per common unit. The distribution is unchanged from the distribution declared for the first quarter of 2020.This cash distribution is the 85th consecutive quarterly distribution paid by the Partnership and is payable on August 14, 2020 to unitholders of record at the close of business on August 3, 2020.About TC PipeLines, LPTC PipeLines, LP is a Delaware master limited partnership with interests in eight federally regulated U.S. interstate natural gas pipelines which serve markets in the Western, Midwestern and Northeaste...