TransCanada reports $1B profit in Q1, up from $734M a year ago - News Summed Up

TransCanada reports $1B profit in Q1, up from $734M a year ago


CALGARY - TransCanada Corp. is officially dropping the “Canada” from its name, but CEO Russ Girling isn’t saying he expects it will make it any easier to get pipelines approved in Canada or the United States. The company is now to be called TC Energy Corp., after shareholders approved the change at its annual meeting Friday. TransCanada Corp. president and CEO Russ Girling addresses the company's annual meeting in Calgary, Friday, April 27, 2018. ( Jeff McIntosh / THE CANADIAN PRESS )“The name TC Energy acknowledges our origin as TransCanada Pipelines, while adding the world ‘energy’ speaks to the breadth of our business, which includes pipelines, power generation and energy storage,” Girling told the meeting. Analysts on average had expected a profit of 99 cents per share, according to Thomson Reuters Eikon.


Source: thestar May 03, 2019 12:00 UTC



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