TransCanada PipeLines Limited 6

TCPANYSEIndustrials● Active

$23.71

$-0.13(-0.55%)

Market Cap$24.0B

P/E Ratio—

52W High$24.99

52W Low$23.39

Avg Volume35K

Open$23.82

Beta0.77

Free Cash Flow Financials Revenue

TransCanada PipeLines Limited 6 (TCPA) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

TCPA · free cash flow · updated Jun 8, 2026

Core FCF metrics

TCPA · FCF · TTM · margin & CAGR

Free cash flow was −$159.6M for FY2019 (fiscal year ending 2019-12-31), up 92.0% year-over-year The FCF margin was -1.6%.

FY2019 Free Cash Flow−$159.6M▲ +92.0% YoY

Trailing 12M (TTM)$418.1MTrailing 4Q sum · TTM positive vs latest FY negative

FCF Margin-1.6%−$159.6M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

TCPA · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2019Latest$5.60B(5.76B)−$159.6M▲ +92.0%-1.6%

FY2018$4.89B(6.90B)−$2.01B▼ 40.4%-20.8%

FY2017$4.46B(5.89B)−$1.43B▼ 318.8%-13.3%

FY2016$4.39B(3.73B)$653.2M▲ +284.5%6.9%

FY2015$2.99B(2.82B)$169.9M▼ 62.7%2.1%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

TCPA · P/FCF · FCF yield · FCF per share

TransCanada PipeLines Limited 6 (TCPA) trades at a FCF yield of -0.67% and a price-to-free-cash-flow ratio of 52.7x. FCF per share stands at $0.45, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

-0.67%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$0.45

TTM FCF ÷ Shares Outstanding

Price / FCF

x52.7

Share Price ÷ FCF per Share

EV / FCF (TTM)

x-387.2

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2019 · 2019-12-31

Cash flow statement summary

TCPA · cash flow statement · operating / investing / financing

For FY2019, TransCanada PipeLines Limited 6 generated $5.60B in operating cash flow and spent 5.76B in capital expenditures, yielding −$159.6M in free cash flow.

Operating Activities

+$5.60B

Cash from core business operations

2019-12-31

Investing Activities

−$5.44B

CapEx, acquisitions & investments

2019-12-31

Financing Activities

+$534.4M

Buybacks, dividends & debt

2019-12-31

FCF FormulaOperating CF ($5.60B) − |CapEx| (5.76B) = FCF (−$159.6M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Industrials)

TCPA vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

TransCanada PipeLines Limited 6YOU

TCPA

−$159.6M+92.0%-1.6%

Loss

Union Pacific Corporation

Industrials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

TransCanada PipeLines Limited 6 (TCPA) reported free cash flow of −$159.6M for FY2019 (fiscal year ending 2019-12-31), up 92.0% year-over-year. The FCF margin was -1.6%.

Based on available data, TransCanada PipeLines Limited 6 has maintained positive free cash flow for at least 7 fiscal year(s). FCF peaked at $1.18B in FY2007.

TransCanada PipeLines Limited 6's FCF yield is -0.67% and price-to-FCF ratio is 52.7x for FY2019, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

TCPA free cash flow · 8 questions

TransCanada PipeLines Limited 6 free cash flow was −$159.6M for FY2019, up 92.0% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $418.1M.

TCPA free cash flowTCPA FCFTCPA FCF 2019TCPA free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · TransCanada PipeLines Limited 6 · TransCanada PipeLines Limited 6 SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026