TransCanada beats expectations in Q2
CALGARY — TransCanada Corp. reports second-quarter profits fell by 11 per cent as the pipeline operator also announced it would sell wind power assets in Quebec for some $630 million.
Net income attributable to common shareholders amounted to $785 million, or 88 cents per share, down from $881 million, or $1.01 per share during the same period in 2017.
The most recent quarter included an $11 million aftertax loss related to the winding down of U.S. Northeast power marketing contracts. Revenue totalled $3.2 billion, largely in line with last year.