OverviewSuggest Edit

TC PipeLines acquires, owns, and participates in the management of energy infrastructure businesses in North America. It serves large utilities, local distribution companies, natural gas marketers, producing companies, and other interstate pipelines, including affiliates.

TypePublic
Founded1998
HQWestborough, MA, US
Websitetcpipelineslp.com
Overall CultureA+

Latest Updates

Revenue (FY, 2016)$357 M(+4%)
Share Price (Mar 2021)$30.2
Cybersecurity ratingAMore

Key People/Management at TC PipeLines

Karl Johannson

Karl Johannson

Chairman, TC PipeLines GP, Inc.
Nadine E. Berge

Nadine E. Berge

Director, TC PipeLines GP, Inc.
Sean M. Brett

Sean M. Brett

Director, TC PipeLines GP, Inc.
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TC PipeLines Office Locations

TC PipeLines has offices in Westborough, Amargosa Valley, Baltimore, Birmingham and in 35 other locations
Westborough, MA, US (HQ)
110 Turnpike Rd #203
Amargosa Valley, NV, US
Amargosa Valley, NV 89020, USA
Baltimore, MD, US
Baltimore, MD, USA
Birmingham, AL, US
Birmingham, AL, USA
Bolton, VT, US
Bolton, VT, USA
Charleston, SC, US
Charleston, SC, USA
Show all (40)

TC PipeLines Financials and Metrics

TC PipeLines Revenue

TC PipeLines's revenue was reported to be $357 m in FY, 2016 which is a 3.8% increase from the previous period.
USD

Net income (FY, 2020)

301.0m

Market capitalization (12-Mar-2021)

2.2b

Closing stock price (12-Mar-2021)

30.2

Cash (31-Dec-2020)

200.0m

EV

4.2b
TC PipeLines's current market capitalization is $2.2 b.
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

341.0m336.0m344.0m357.0m

Revenue growth, %

(1%)2%4%

General and administrative expense

4.4m8.7m6.0m9.0m9.0m9.0m7.0m8.0m

Operating expense total

4.4m8.7m6.0m9.0m9.0m9.0m7.0m8.0m
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

General and administrative expense

1.1m900.0k1.8m4.8m1.2m2.0m2.0m1.0m2.0m4.0m2.0m1.0m1.0m2.0m2.0m2.0m2.0m1.0m1.0m1.0m2.0m2.0m2.0m2.0m2.0m

Operating expense total

1.1m900.0k1.8m4.8m1.2m2.0m2.0m1.0m2.0m4.0m2.0m1.0m1.0m2.0m2.0m2.0m2.0m1.0m1.0m1.0m2.0m2.0m2.0m2.0m2.0m

Depreciation and amortization

22.0m24.0m

Interest expense

800.0k12.0m14.0m11.0m13.0m24.0m
Annual
USDY, 2009Y, 2010FY, 2010Y, 2011FY, 2011Y, 2012FY, 2012FY, 2013Y, 2013Y, 2014FY, 2014FY, 2015Y, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

3.0m4.0m3.6m29.0m29.5m3.0m3.0m25.0m25.0m26.0m26.0m39.0m39.0m50.0m33.0m33.0m83.0m200.0m

Accounts Receivable

7.6m8.0m1.1m36.0m

Prepaid Expenses

300.0k4.0m4.0m4.0m7.0m8.0m6.0m

Inventories

900.0k1.0m7.0m7.0m7.0m7.0m7.0m7.0m7.0m8.0m8.0m10.0m11.0m
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

2.7m7.5m2.9m1.8m7.3m5.0m6.0m7.0m2.0m67.0m4.0m41.0m45.0m98.0m384.0m44.0m28.0m48.0m40.0m72.0m60.0m51.0m73.0m68.0m51.0m48.0m52.0m45.0m90.0m134.0m215.0m

Accounts Receivable

7.6m7.6m7.0m7.0m9.0m7.0m6.0m29.0m30.0m27.0m35.0m31.0m

Prepaid Expenses

100.0k400.0k3.0m4.0m4.0m4.0m6.0m5.0m4.0m5.0m6.0m11.0m9.0m8.0m5.0m3.0m2.0m

Inventories

800.0k900.0k1.0m1.0m1.0m1.0m1.0m7.0m7.0m7.0m8.0m8.0m7.0m7.0m7.0m7.0m7.0m7.0m7.0m7.0m7.0m8.0m7.0m9.0m9.0m9.0m11.0m10.0m
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

137.1m157.4m137.0m191.0m204.0m13.0m263.0m(165.0m)298.0m301.0m

Depreciation and Amortization

15.0m15.2m11.0m87.0m86.0m85.0m86.0m97.0m97.0m78.0m89.0m

Inventories

(2.0m)(1.0m)

Accounts Payable

(2.7m)2.0m(9.0m)(3.0m)
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

61.4m100.0m42.3m78.4m129.5m39.0m72.0m107.0m29.0m52.0m141.0m67.0m64.0m108.0m157.0m138.0m193.0m102.0m177.0m241.0m100.0m157.0m216.0m94.0m155.0m

Depreciation and Amortization

7.4m11.2m3.7m7.7m11.4m3.0m6.0m8.0m3.0m6.0m65.0m21.0m43.0m64.0m21.0m42.0m63.0m21.0m43.0m64.0m22.0m49.0m73.0m24.0m48.0m73.0m20.0m39.0m58.0m20.0m39.0m

Inventories

(1.0m)(1.0m)(1.0m)(1.0m)

Accounts Payable

(2.5m)(1.5m)1.0m1.0m2.0m(2.0m)1.0m4.0m10.0m2.0m3.0m2.0m3.0m(5.0m)(4.0m)(11.0m)
Show all financial metrics

TC PipeLines Cybersecurity Score

Cybersecurity ratingPremium dataset

A

93/100

SecurityScorecard logo

TC PipeLines Online and Social Media Presence

Embed Graph

TC PipeLines Company Culture

  • Overall Culture

    A+

    92/100

  • CEO Rating

    C

    70/100

  • Compensation

    A+

    100/100

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TC PipeLines News and Updates

TC PipeLines, LP and TC Energy complete merger

CALGARY, Alberta, March 03, 2021 (GLOBE NEWSWIRE) -- TC Energy Corporation (TSX, NYSE: TRP) (TC Energy), and TC PipeLines, LP (NYSE:TCP) (TCP) today announced that they have completed the previously announced merger (the Merger) pursuant to an Agreement and Plan of Merger dated December 14, 2020. …

TC PipeLines, LP and TC Energy announce unitholder approval and effective date of merger

CALGARY, Alberta, Feb. 26, 2021 (GLOBE NEWSWIRE) -- TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) and TC PipeLines, LP (NYSE:TCP) (TCP) announced that at the special meeting of TCP common unitholders held earlier today, TCP unitholders voted to approve the previously announced merger of TCP a…

TC PipeLines, LP announces 2020 fourth quarter and year-end financial results

HOUSTON, Feb. 24, 2021 (GLOBE NEWSWIRE) -- TC PipeLines, LP (NYSE: TCP) (the Partnership) today reported fourth quarter 2020 net income attributable to controlling interests of $74 million and distributable cash flow of $76 million for the three months ended December 31, 2020. For the year ended D…

TC Energy affirms 0.70 share-for-unit exchange ratio in definitive agreement to acquire all outstanding common units of TC PipeLines, LP

CALGARY, Alberta, Feb. 22, 2021 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) today responded to a unitholder’s recent assertion of the inadequacy of the exchange ratio in the definitive agreement to acquire all of the outstanding common units of TC PipeLine…

TC PipeLines recommends unitholders vote “FOR” the merger with TC Energy

Exchange Ratio represents a 20.8% premium to TC PipeLines’ closing unit price on October 2, 2020 Exchange Ratio represents a 20.8% premium to TC PipeLines’ closing unit price on October 2, 2020

TC PipeLines, LP Announces Record Date and Meeting Date for Special Meeting of Unitholders and Mailing of Proxy Statement

HOUSTON, Jan. 26, 2021 (GLOBE NEWSWIRE) -- TC PipeLines, LP (NYSE:TCP) (“TC PipeLines” or the “Partnership”) today announced that it has established a record date of January 15, 2021 and a meeting date of February 26, 2021, for a special meeting of its common unitholders to be held at 10:00 a.m. C…
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TC PipeLines Frequently Asked Questions

  • When was TC PipeLines founded?

    TC PipeLines was founded in 1998.

  • Who are TC PipeLines key executives?

    TC PipeLines's key executives are Karl Johannson, Nadine E. Berge and Sean M. Brett.

  • Who are TC PipeLines competitors?

    Competitors of TC PipeLines include SPETCO, Whiting Petroleum and POLARIS Laboratories.

  • Where is TC PipeLines headquarters?

    TC PipeLines headquarters is located at 110 Turnpike Rd #203, Westborough.

  • Where are TC PipeLines offices?

    TC PipeLines has offices in Westborough, Amargosa Valley, Baltimore, Birmingham and in 35 other locations.

  • How many offices does TC PipeLines have?

    TC PipeLines has 40 offices.