TC PipeLines, LP Announces 2019 First Quarter Financial Results
TC PIPELINES LP (TCP)
Last tc pipelines lp earnings: 11/7 07:30 am
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US:NYSE Investor Relations:
tcpipelineslp.com/investor-center.html
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Source: GlobeNewswire
HOUSTON, May 08, 2019 (GLOBE NEWSWIRE) -- TC PipeLines, LP (NYSE: TCP) (the Partnership) today reported net income attributable to controlling interests of $93 million and distributable cash flow of $116 million for the three months ended March 31, 2019. “The Partnership’s assets delivered solid results during the first quarter of 2019,” said Nathan Brown, President of TC PipeLines GP, Inc. “Our pipelines continue to benefit from increased natural gas flows and additional contracting. Our solid earnings and cash flow are generating healthy coverage and leverage ratios and provide ongoing value for our unitholders.” “We are happy to report that our PNGTS expansion projects are progressing well with Phase 2 of the Portland XPress project and Phase 1 of the Westbrook XPress project expected to be in-service this November. And our North Baja XPress project is gaining momentum in response to market demand for transportation of natural gas in the region,” added Brown. “Looking out furth
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