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:
We started the process of determining a valid price forecast for Tc Pipelines Lp with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Tc Pipelines Lp ranked in the 54th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. As for the metrics that stood out in our discounted cash flow analysis of Tc Pipelines Lp, consider:
The company's compound free cash flow growth rate over the past 5.79 years comes in at -0.01%; that's greater than merely 23.32% of US stocks we're applying DCF forecasting to.
Tc Pipelines Lp's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than only 0% of US stocks with positive free cash flow.
The weighted average cost of capital for the company is 6. This value is greater than merely 2.84% 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 CCLP, DCP, DHT, PHX, and NS.
HOUSTON, Sept. 15, 2020 (GLOBE NEWSWIRE) -- TC PipeLines, LP (NYSE: TCP) (the Partnership) today announced the appointment of Peggy Heeg to the Board of Directors and Audit Committee of its general partner, TC PipeLines GP, Inc. (TC PipeLines GP”), effective today. “We are pleased to welcome Peggy as an independent member of the Board,” said Stanley Chapman III, Chairman of TC PipeLines GP. “Ms. Heeg is an accomplished legal and corporate executive who brings a unique combination of public and private legal, financial, strategy and risk management experience in the energy and other industries that will add significant insight and expertise to the Board.”Ms. Heeg has over 30 years of experience in the energy and legal industries and government service. Currently, Ms. Heeg is a partner w...
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 -...
Essential North American energy infrastructure – Stable for today and Growing for tomorrowHOUSTON, Aug. 05, 2020 (GLOBE NEWSWIRE) -- TC PipeLines, LP (NYSE: TCP) (the Partnership) today reported net income attributable to controlling interests of $57 million and distributable cash flow of $55 million for the three months ended June 30, 2020. “In the second quarter of 2020, our diversified portfolio of assets generated the kind of dependable results that our unitholders expect and rely upon,” said Nathan Brown, president of TC PipeLines, GP, Inc. “Our critical infrastructure was highly utilized, as demand for our transportation services was largely unaffected by the COVID-19 pandemic and the prudent operatorship of our assets through this time of crisis permitted us to continue to pro...
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...