WFS--Q2 In Line. Comparable EBITDA of $2,246MM was essentially in line with our estimate of $2,307MM and Consensus of $2,268MM. Comparable EPS of $1.07 was above our estimate of $0.93 and Consensus of $0.96, primarily due to interest income and other items. Q2 FCF per share of $0.26 (which excludes changes to working capital) was above our forecast of -$0.08, primarily due to lower capex.
TRP declared a quarterly Q2 dividend of $0.87/share, which was in line with our forecast and increased 7.4% year/year. For Q3’21, the company declared a dividend of $0.87/share (+7.4% year/year), also in line with our estimate. Long-Term Dividend Guidance Rearmed. TRP rearmed its dividend growth target of 5-7%