Why Invest

What makes TransCanada a solid investment for long-term growth? Our proven strategy, financial strength, diversified high-quality assets providing multiple platforms for growth, dividend growth and financial discipline.

Proven Track Record

For more than 65 years we’ve delivered on our commitment to meet the ever-increasing demand for energy in a safe and sustainable manner. We’ve provided significant value to our shareholders with a 14% average annual return since 2000 and increased our dividend in each year since.

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Financial Strength

Our financial position remains strong with a solid balance sheet and an ‘A’ grade credit rating. We value our ‘A’ grade credit rating as a tool to access capital markets.

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Diversified High-Quality Assets

TransCanada operates three complementary energy infrastructure businesses across three geographies in North America.

Strong Leadership

Led by CEO, Russell K. Girling, our highly regarded executive leadership team and thousands of inspired employees, we’re well positioned to navigate an ever-evolving energy and business environment and the energy landscape to achieve our goals.

Visible Dividend Growth Through 2020

Since 2000, we have grown our asset base from $26 billion to $89 billion. Simultaneously, we've raised the annual dividend from $0.80 per share to $2.50 per share in 2017 (based on most recent declared quarterly dividend). Our portfolio of complementary infrastructure assets and $23 billion of near-term growth projects are expected to support annual dividend growth at the upper end of eight to 10 per cent through 2020.

Future Growth

With continued expected growth in each of our business lines, we expect to continue to grow our business for decades to come, delivering growing returns to our investors.

Featured Financial Documents
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Corporate Profile
3.06 MB, PDF View
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Investor Factsheet
2.12 MB, PDF View
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2017 Q1 Results
0.70 MB, PDF View
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2016 Annual Report
9.73 MB, PDF View
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2015 Corporate Sustainability Report
6.95 MB, PDF View

 

Our Financial Snapshot


Year Ended December 31 (Millions Of Dollars)20122013201420152016
Income
Net income/(loss) attributable to common shares 1,299 1,712 1,743 (1,240) 124
Comparable earnings (1) 1,330 1,584 1,715 1,755 2,108
Cash Flow
Funds generated from operation (1) 3,344 4,120 4,415 4,730 4,821
(Increase)/decrease in operating working capital 287 (326) (189) (346) 248
Net cash provided by operations 3,631 3,794 4,226 4,384 5,069
Capital spending, equity investments and acquisitions 3,461 5,131 4,834 5,158 19,675
Balance Sheet
Total assets 48,287 53,778 58,407 64,398 88,051
Long-term debt 18,804 22,745 24,639 31,456 40,150
Junior subordinated notes 994 1,063 1,160 2,409 3,931
Preferred shares 1,224 1,813 2,255 2,499 3,980
Common shareholders' equity 15,687 16,712 16,815 13,939 20,277

 

Common Share Statistics

Year Ended December 3120122013201420152016
Net income/(loss) per share - basic $1.84 $2.42 $2.46 ($1.75) $0.16
Net income/(loss) per share - diluted $1.84 $2.42 $2.46 ($1.75) $0.16
Comparable earnings per share (1) $1.89 $2.24 $2.42 $2.48 $2.78
Dividends declared per share $1.76 $1.84 $1.92 $2.08 $2.26
Common Shares Outstanding (Millions)
Average for the year 705 707 708 709 759
End of year 706 707 709 703 864
Market Price – Close
Toronto Stock Exchange (Canadian dollars) $47.02 $48.54 $57.10 $45.19 $60.54
New York Stock Exchange (US dollars) $47.32 $45.66 $49.10 $32.59 $45.15

 

1Non-GAAP measure that does not have any standardized meaning prescribed by generally accepted accounting principles. For more information see Non-GAAP Measures in the Management's Discussion and Analysis of the 2016 Annual Report.

Credit Ratings

Credit ratings are intended to provide investors with an independent measure of credit quality of an issue of securities. Credit ratings are not recommendations to purchase, hold or sell securities and do not address the market quality or suitability of a specific security for a particular investor. These are assigned by credit rating agencies such as Moody's, Standard & Poor's, and DBRS. While TransCanada Corporation has a credit rating it is not an issuer of debt securities. Debt securities are held at the TransCanada PipeLines Limited or subsidiary companies, all of which hold an A grade credit rating (see table).