May 5 (Reuters) - Transcanada Corp TRP.TO :
* Transcanada reports first quarter 2017 financial results; strong results build upon transformational 2016
* Q1 non-GAAP earnings per share C$0.81
* Q1 earnings per share C$0.74
* Q1 earnings per share view C$0.74 -- Thomson Reuters I/B/E/S
* Qtrly revenues $3,391 million versus $2,503 million
* Transcanada Corp - board of directors declared a quarterly dividend of $0.625 per common share for quarter ending June 30, 2017
* Transcanada-In late March 2017, 972 mw unit 30 at ravenswood generating station experienced unplanned outage as a result of a problem on generator
* Transcanada Corp - overall comparable earnings outlook for 2017 remains consistent with what was previously included in 2016 annual report
* Transcanada Corp - repairs to ravenswood generating station are underway and unit is expected to be returned to service in Q2 2017
* Transcanada - "advancing a $23 billion near-term capital program that is expected to generate significant growth in earnings and cash flow" through 2020
* Transcanada - $23 billion near-term capital program expected to support expected annual dividend growth rate at upper end of 8-10 percent range through 2020
* Transcanada Corp - in the process of seeking regulatory approval in nebraska for keystone XL while progressing commercial discussions with customers
* Q1 revenue view C$3.19 billion -- Thomson Reuters I/B/E/S Source text for Eikon: ID:nCCN127VQz Further company coverage: TRP.TO