UPDATE 1-Keystone operator TransCanada beats profit estimates

From Reuters - February 15, 2018

(Reuters) - Keystone pipeline operator TransCanada Corps (TRP.TO) (TRP.N) fourth-quarter profit beat market expectations on Thursday, helped by lower costs and an expansion of its gas lines.

On an adjusted basis, the Calgary-based company earned 82 Canadian cents, beating the average analyst estimate of 77 Canadian cents, according to Thomson Reuters I/B/E/S.

Keystones profitability was boosted, among others reasons, by the expansion of its NGTL gas pipeline, Chief Executive Officer Russ Girling said in a statement.

($1 = C$1.25)


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