Edition:
India

Transcanada Reports Q1 Earnings Per Share C$1.09


Friday, 3 May 2019 

May 3 (Reuters) - TransCanada Corp ::TRANSCANADA REPORTS RECORD FIRST QUARTER FINANCIAL RESULTS.Q1 NON-GAAP EARNINGS PER SHARE C$1.07.Q1 EARNINGS PER SHARE C$1.09.Q1 EARNINGS PER SHARE ESTIMATE C$0.99 -- REFINITIV IBES DATA.BOARD OF DIRECTORS ALSO DECLARED A QUARTERLY DIVIDEND OF $0.75 PER COMMON SHARE FOR QUARTER ENDING JUNE 30, 2019.TRANSCANADA - CONTINUE TO METHODICALLY ADVANCE MORE THAN $20 BILLION OF PROJECTS UNDER DEVELOPMENT OF KEYSTONE XL AND BRUCE POWER LIFE EXTENSION PROGRAM.QTRLY REVENUES $3,487 MILLION VERSUS $3,424 MILLION REPORTED LAST YEAR.WELL POSITIONED TO FUND REMAINDER OF SECURED GROWTH PROGRAM THROUGH GROWING GENERATED CASH FLOW AND ACCESS TO CAPITAL MARKETS.A FINAL HEARING FOR NEB PROCESS SCHEDULED FOR Q2 2019 WITH A DECISION EXPECTED IN Q3 2019.TRANSCANADA - CONTINUES TO ADVANCE FUNDING PLANS FOR $6.2 BILLION PIPELINE PROJECT THROUGH SALE OF UP TO 75% OWNERSHIP INTEREST, POTENTIAL FINANCING.TRANSCANADA - AT COASTAL GASLINK PIPELINE PROJECT, PRE-CONSTRUCTION ACTIVITIES CONTINUE AT MANY LOCATIONS ALONG PIPELINE ROUTE.CONTINUE TO EXPECT THAT TOTAL INVESTMENT IN NAPANEE FACILITY WILL BE APPROXIMATELY $1.7 BILLION.CO IS NOT NAMED IN LAWSUIT FILED CHALLENGING VALIDITY OF NEW PRESIDENTIAL PERMIT FOR KEYSTONE XL PROJECT ISSUED ON MARCH 29.Q1 REVENUE VIEW C$3.67 BILLION -- REFINITIV IBES DATA.TRANSCANADA - COMMENCEMENT OF COMMERCIAL OPERATIONS IN NAPANEE FACILITY TO BE DELAYED INTO H2 2019 AS IT REPAIR DAMAGED EQUIPMENT.