TransCanada PipeLines Limited 6(TCPA)Earnings, Financials & Key Ratios
TCPA•NYSE
$23.12
7.0× P/E·Price updated Jun 27, 2026
AboutTransCanada PipeLines Ltd. provides pipeline services for the gas and oil industries. It operates through the following segments: Natural Gas Pipelines, Liquids Pipelines and Power and Storage. The company was founded on March 21, 1951 and is headquartered in Calgary, Canada.Show more
- Revenue$10.02B+3.9%
- EBITDA$6.16B+11.5%
- Net Income$3.19B+17.8%
- EPS (Diluted)3.29+14.6%
- Gross Margin48.11%+10.0%
- EBITDA Margin61.48%+7.3%
- Operating Margin42.52%+7.8%
- Net Margin31.86%+13.4%
- ROE13.39%+9.1%
TCPA Price & Volume
TransCanada PipeLines Limited 6 (TCPA) stock price & volume — 10-year historical chart
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Capital Intensity Challenges Amidst Persistent Leverage
Investment Thesis • Updated 2021Q3
VerdictNeutral
Growth:Mixed
Profitability:Moderate
Financial Position:Strained
Cash Flow:Mixed
Primary Risk:Capital intensity and leverage
"TransCanada PipeLines Limited maintains a massive infrastructure moat, yet its reliance on debt-funded expansion to support a $54.6B net PPE base creates significant long-term structural risks. While the company demonstrates resilient gross margins near 48%, the inconsistent free cash flow generation and high capital expenditure requirements—often exceeding 60% of revenue—suggest that dividend sustainability may remain under pressure. Investors should monitor the company's ability to improve its current ratio, which recently sat at 0.51, to ensure sufficient liquidity for ongoing project execution."
Verdict Logic
while the 6.4% dividend yield is attractive, the company's reliance on debt to fund operations and a current ratio of 0.51 suggest that investors should exercise caution regarding long-term balance sheet stability.
TCPA Growth Metrics
TransCanada PipeLines Limited 6 (TCPA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years1.6%
5 Years2.52%
3 Years1.82%
TTM6.68%
Profit CAGR
10 Years9.27%
5 Years14.94%
3 Years137.15%
TTM-58.77%
EPS CAGR
10 Years-
5 Years9.92%
3 Years122.17%
TTM-62.02%
Return on Capital
10 Years6.24%
5 Years6.23%
3 Years6.29%
Last Year6.58%
Peers Comparison
Key metrics vs top competitors for TransCanada PipeLines Limited 6 (TCPA)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $23.12 | $23.4B | 7.03 | 3.91% | 31.86% | 13.39% | 6.44% | |
| $69.65 | $72.56B | 30.21 | 10.29% | 21.83% | 9.23% | — | |
| $56.24 | $122.81B | 24.62 | 21.92% | 9.71% | 9.96% | — | |
| $33.19 | $73.84B | 24.23 | 12.45% | 18.92% | 10.27% | — | |
| $77.92 | $95.3B | 36.41 | 13.78% | 23.82% | 18.98% | — | |
| $19.17 | $65.95B | 14.20 | -0.05% | 6.21% | 11.56% | — |
Compare TCPA vs Peers
TransCanada PipeLines Limited 6 (TCPA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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TCPA Frequently Asked Questions
TransCanada PipeLines Limited 6 (TCPA) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is TransCanada PipeLines Limited 6's revenue?
TransCanada PipeLines Limited 6 (TCPA) reported $10.02B in revenue for fiscal year 2019. This represents a 55% increase from $6.46B in 2006.
How fast is TransCanada PipeLines Limited 6 growing?
TransCanada PipeLines Limited 6 (TCPA) grew revenue by 3.9% over the past year. Growth has been modest.
Is TCPA profitable?
Yes, TransCanada PipeLines Limited 6 (TCPA) is profitable, generating $1.35B in net income for fiscal year 2019 (31.9% net margin).
Dividend & Returns
Does TCPA pay dividends?
Yes, TransCanada PipeLines Limited 6 (TCPA) pays a dividend with a yield of 6.44%. This makes it attractive for income-focused investors.
What is TCPA's return on equity?
TransCanada PipeLines Limited 6 (TCPA) has a return on equity (ROE) of 13.4%. This is reasonable for most industries.
What is TransCanada PipeLines Limited 6's free cash flow?
TransCanada PipeLines Limited 6 (TCPA) generated $418.1M in free cash flow for fiscal year 2019. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.