TC PIPELINES LP
Utilities · Natural Gas Transmission · DE · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | |
|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — |
| Operating income | — | — | — | — | — | — |
| Net income | $284.0M | $280.0M | −$182.0M | $252.0M | $248.0M | $37.0M |
| Total assets | $3.15B | $2.85B | $2.90B | $3.56B | $3.35B | $3.13B |
| Total liabilities | $2.31B | $2.09B | $2.20B | $2.49B | $2.00B | $1.98B |
| Equity | — | — | — | — | — | — |
| EPS (diluted) | — | — | — | — | — | — |
| Shares out. | 71.3M | 71.3M | 71.3M | 68.4M | 64.3M | 63.6M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2020- Operating margin
- —
- Net margin
- —
- Return on equity
- —
- Return on assets
- 9.0%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 73.5%
- Debt / equity
- —
- Book value / share
- —
- Revenue growth (YoY)
- —
- Net income growth (YoY)
- 1.4%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2020- Accruals / assets
- −4.1%clean
- Piotroski F-Score
- 4/7mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 1 warning● 2 good- High leverage (liabilities > 70% of assets)
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Material events
SEC Form 8-K · most recent- Completed an acquisition or disposition · Delisting / listing-standard notice · Modified shareholder rights · Change in control · Director / officer change · Regulation FD disclosureMar 3, 2021
- Shareholder vote · Other material eventFeb 26, 2021
- Results of operations · Regulation FD disclosureFeb 24, 2021
- Other material eventFeb 17, 2021
- Other material eventFeb 16, 2021
- Other material eventJan 27, 2021
- Other material eventJan 20, 2021
- Entered a material agreement · Other material eventDec 15, 2020
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- SC 13G/ASEC SCHEDULE 13GApr 12, 2021
- SC 13G/AApr 6, 2021
- 15-12BMar 15, 2021
- SC 13D/AMar 9, 2021
- 4Mar 3, 2021
- 4Mar 3, 2021
- 4Mar 3, 2021
- POSASRMar 3, 2021
- SC 13D/AMar 3, 2021
- 8-KFORM 8-KMar 3, 2021
- 25-NSEMar 3, 2021
- 8-KFORM 8-KFeb 26, 2021
- 10-KFeb 24, 2021
- 8-KFeb 24, 2021
- 425Feb 22, 2021
Event-driven situations (1)
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