TransCanada posts fourth-quarter loss of $1.82 billion

CALGARY, Alberta -- TransCanada Corp. (TRP) on Thursday reported a fourth-quarter loss of $1.82 billion, after reporting a profit in the same period a year earlier.

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On a per-share basis, the Calgary, Alberta-based company said it had a loss of $2.60. Earnings, adjusted for non-recurring costs, were 48 cents per share.

The energy infrastructure company posted revenue of $2.14 billion in the period.

For the year, the company reported a loss of $898.1 million, or $1.37 per share, swinging to a loss in the period. Revenue was reported as $8.86 billion.

TransCanada shares have increased slightly more than 6 per cent since the beginning of the year. The stock has dropped 25 per cent in the last 12 months.


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