|Bid||30.20 x 1000|
|Ask||30.26 x 900|
|Day's Range||30.10 - 30.62|
|52 Week Range||18.00 - 44.65|
|Beta (5Y Monthly)||1.03|
|PE Ratio (TTM)||8.17|
|Earnings Date||Nov 05, 2020 - Nov 09, 2020|
|Forward Dividend & Yield||2.60 (8.59%)|
|Ex-Dividend Date||Jul 31, 2020|
|1y Target Est||39.20|
HOUSTON, Oct. 20, 2020 (GLOBE NEWSWIRE) -- TC PipeLines, LP (NYSE: TCP) (the Partnership) will release its third quarter 2020 financial results on Tuesday, November 10, 2020 pre-market. Nathan Brown, President of the General Partner, along with other members of management, will discuss the Partnership’s financial results and latest developments in a teleconference and webcast on Tuesday, November 10, 2020 at 9 a.m. (CST) / 10 a.m. (EST).Members of the investment community and other interested parties are invited to participate by calling 1-800-319-4610. Please dial in 10 minutes prior to the start of the call. A live webcast will also be available through the Partnership’s website at TCPipeLinesLP.com/events or via the following URL: http://www.gowebcasting.com/10884. Slides for the conference call will be posted on the Partnership’s website under “Events and Presentations” prior to the webcast.A replay of the teleconference will also be available two hours after the conclusion of the call and until 11 p.m. (CST) and midnight (EST) on November 17, 2020, by calling 1-855-669-9658, then entering pass code 5399.About TC PipeLines, LPTC PipeLines, LP is a Delaware master limited partnership with interests in eight federally regulated U.S. interstate natural gas pipelines which serve markets in the Western, Midwestern and Northeastern United States. The Partnership is managed by its general partner, TC PipeLines GP, Inc., a subsidiary of TC Energy Corporation (NYSE: TRP). For more information about TC PipeLines, LP, visit the Partnership’s website at www.tcpipelineslp.com.Media Inquiries: Jaimie Harding / Hejdi Carlsen 403.920.7859 or 800.608.7859Unitholder and Analyst Inquiries: Rhonda Amundson 877.290.2772 firstname.lastname@example.orgPDF available: http://ml.globenewswire.com/Resource/Download/36c85f1f-c4a0-433f-bb34-23fea0eaf74c
Companies that own pipelines and other energy infrastructure have struggled in recent months, and Goldman Sachs analyst Michael Lapides expects the group to remain under pressure for a while. Oil producers have cut back on production as Covid-19 has hurt demand for things like gasoline, which means they need less pipeline capacity. “The dramatic selloff in the sector still appears overdone in our view, especially for the MLPs, and we remain positive—especially as they price in a high cost of capital and as cash flow should pick up as capital spend declines—but we advise investors to temper near-term expectations,” he wrote.
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