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BRIEF-Transcanada Q2 Non-GAAP Earnings Per Share C$0.86

Published 2018-08-02, 08:07 a/m
BRIEF-Transcanada Q2 Non-GAAP Earnings Per Share C$0.86
TRP
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Aug 2 (Reuters) - TransCanada Corp TRP.TO :

* TRANSCANADA REPORTS STRONG SECOND QUARTER 2018 FINANCIAL RESULTS

* TRANSCANADA - EXPECT TO SPEND ABOUT $10 BILLION IN 2018 ON GROWTH PROJECTS, MAINTENANCE CAPEX AND CONTRIBUTIONS TO EQUITY INVESTMENTS

* Q2 NON-GAAP EARNINGS PER SHARE C$0.86

* Q2 EARNINGS PER SHARE C$0.88

* Q2 EARNINGS PER SHARE VIEW C$0.75 -- THOMSON REUTERS I/B/E/S

* QTRLY REVENUE $3,195 MILLION VERSUS $3,230 MILLION

* TRANSCANADA - EXPECT CONSOLIDATED COMPARABLE EPS FOR SECOND HALF OF 2018 TO BE SIMILAR TO RESULTS ACHIEVED IN FIRST HALF OF YEAR

* Q2 REVENUE VIEW C$3.14 BILLION -- THOMSON REUTERS I/B/E/S

* TRANSCANADA - OVERALL COMPARABLE EARNINGS OUTLOOK FOR 2018 HAS INCREASED COMPARED TO WHAT WAS INCLUDED IN 2017 ANNUAL REPORT

* TRANSCANADA - ADVANCING OVER $20 BILLION OF PROJECTS INCLUDING KEYSTONE XL, COASTAL GASLINK & BRUCE POWER LIFE EXTENSION AGREEMENT

* 2018 FERC ACTIONS ARE NOT ANTICIPATED TO HAVE A SIGNIFICANT IMPACT ON EARNINGS OR CASH FLOWS IN 2018

* SEES ANNUAL DIVIDEND GROWTH AT UPPER END OF 8-10 PERCENT THROUGH 2020 AND ADDITIONAL 8-10 PERCENT IN 2021

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