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Stock impact report

TC PipeLines, LP Announces 2017 Fourth Quarter and Year End Financial Results

TC PIPELINES LP (TCP) 
Last tc pipelines lp earnings: 11/7 07:30 am Check Earnings Report
US:NYSE Investor Relations: tcpipelineslp.com/investor-center.html
Company Research Source: GlobeNewswire
HOUSTON, Feb. 23, 2018 (GLOBE NEWSWIRE) -- News Release – TC PipeLines, LP (NYSE:TCP) (the Partnership) today reported fourth quarter 2017 net income attributable to controlling interests of $66 million and distributable cash flow of $72 million. For the year ended December 31, 2017, net income attributable to controlling interests was $252 million and distributable cash flow was $310 million. "The Partnership’s assets delivered another year of solid results in 2017, benefiting from our conservative business approach. Our pipelines generated steady earnings and cash flow despite a challenging year in the broader MLP space,” said Brandon Anderson, president of TC PipeLines GP, Inc.  “We are progressing a number of commercial opportunities within our portfolio of high quality natural gas pipelines.  We extended the average contract life of our GTN, Northern Border and Great Lakes systems and continue to advance organic growth opportunities including the Portland XPress project.” "Du Show less Read more
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