TC Energy

TC Energy Corporation engages in the provision of energy infrastructure services. It operates through the following business segments: Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, Power and Storage, and Corporate. The Canadian Natural Gas Pipelines segment consists of regulated natural gas pipelines. The U.S. Natural Gas Pipelines segment manages the regulated natural gas pipelines, regulated natural gas storage facilities, midstream, and other assets. The Mexico Natural Gas Pipelines invests on regulated natural gas pipelines in Mexico. The Liquids Pipelines handles investments on crude oil pipeline systems. The Power and Storage segment consists of power generation plants and non-regulated natural gas storage facilities. The company was founded in 1951 and is headquartered in Calgary, Canada.

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TC Energy Corp. engages in the provision of energy infrastructure services. It operates through the following business segments: Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, Power and Energy Solutions, and Corporate. The Canadian Natural Gas Pipelines segment refers to regulated natural gas pipelines. The U.S. Natural Gas Pipelines segment manages the regulated natural gas pipelines, regulated natural gas storage facilities, midstream, and other assets. The Mexico Natural Gas Pipelines invests on regulated natural gas pipelines in Mexico. The Liquids Pipelines handles investments in crude oil pipeline systems. The Power and Energy Solutions segment include power generation plants and non-regulated natural gas storage facilities. The company was founded in 1951 and is headquartered in Calgary, Canada.

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TRP's exit from Project Tundra, a $2 billion project aimed at capturing CO2 emissions from a North Dakota coal plant, raises concerns about the future.

TC Energy Exits North Dakota's $2 Billion Carbon Capture Project

CALGARY, Alberta, Dec. 02, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX:TRP) (NYSE:TRP) (TC Energy) today announced that it does not intend to exercise its right to redeem its Cumulative Redeemable First Preferred Shares, Series 1 (Series 1 Shares) and Cumulative Redeemable First Preferred Shares, Series 2 (Series 2 Shares) on Dec. 31, 2024. As a result, subject to certain conditions:

TC Energy provides conversion right and dividend rate notice for Series 1 and 2 preferred shares

TRP announces that it will receive a C$199 million commercial milestone payment for the company's Coastal GasLink pipeline project.

TC Energy to Receive C$199M for Coastal GasLink Pipeline Project

TRP & Hanwha Power Systems partners on an innovative sCO2 project to capture waste heat from natural gas and convert it into renewable energy.

TC Energy & Hanwha Join Forces to Create Carbon-Free Power

TC Energy Corporation offers a compelling 4.8% dividend yield, benefiting from rising global natural gas demand and North America's growing LNG exports. The company's extensive North American pipeline network and regulated contracts ensure stable revenue, minimizing natural gas price risks. Disciplined capital allocation and an improving balance sheet enhance sustainability, with no need for new equity issuance.

Pipelines Of Prosperity: TC Energy's 4.8% Yield Is Just The Beginning

TC Energy's plan to sell a stake in its western Canadian gas pipeline to Indigenous communities faces delays, with the deal possibly changing from original design.

TRP Revises Plan to Sale NGTL System Stake to Indigenous Communities

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TRP expects a strong FY2025 outlook due to rising natural gas demand and strategic investments in key growth projects.

TC Energy Forecasts Growth With C$1.5B Projects and Higher 2025 EBITDA

TC Energy said on Tuesday it expects 2025 core profit to be in the range of about C$10.7 billion to C$10.9 billion, higher than its 2024 forecast of C$9.9 billion to C$10.1 billion, due to rising demand for natural gas and electrification.

TC Energy forecasts higher 2025 core profit on natgas, electricity demand

CALGARY, Alberta, Nov. 19, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) will host its Investor Day today. The event will outline TC Energy's strategic vision and growth outlook, highlighting the Company's position as a leading North American energy infrastructure company. François Poirier, TC Energy's President and Chief Executive Officer commented, "With natural gas and electricity projected to drive 75 per cent of the growth in final energy consumption through 2035, TC Energy's portfolio of natural gas and power assets strategically align with the vast opportunity we are seeing across our North American footprint." He continued, "by focusing on safety, operational excellence, disciplined capital allocation, and maximizing the value of our assets, TC Energy will continue to deliver solid growth, low risk and repeatable performance.”

TC Energy's outlook highlights solid growth, low risk, repeatable performance at 2024 Investor Day

TRP anticipates its 2024 comparable EBITDA to be between C$11.2 billion and C$11.5 billion, with net capital expenditures expected to be between C$8.1 billion and C$8.4 billion.

TC Energy's Q3 Earnings Beat Estimates, Revenues Rise Y/Y

CALGARY, Alberta, Nov. 12, 2024 (GLOBE NEWSWIRE) -- TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) will host its annual Investor Day on Tuesday, Nov. 19, 2024.

TC Energy 2024 Investor Day event to be webcast

Following the spin off of its liquids pipelines business as South Bow, TC Energy has become a pure-play gas midstream, operating across Canada, the US and Mexico. The divestment has also been margin accretive with an estimated uplift of 4pp/3pp to group level 9M 24 EBITDA/EBIT margins, boosting TC's already strong profitability further. We believe TC Energy is well positioned to capitalize on structural trends in natural gas demand including LNG and AI and initiate shares at Overweight and a $46/sh price target.

TC Energy: Liquids Spin-Off Creates A Premier Gas Midstream

TC Energy Corporation (NYSE:TRP ) Q3 2024 Earnings Conference Call November 7, 2024 8:30 AM ET Company Participants Gavin Wylie - VP of IR Francois Poirier - CEO, President & Director Sean O'Donnell - EVP & CFO Stan Chapman - EVP & COO of Natural Gas Pipelines Annesley Wallace - EVP of Strategy, Corporate Development and President of Power & Energy Solutions Conference Call Participants Praneeth Satish - Wells Fargo Rob Hope - Scotiabank Theresa Chen - Barclays Maurice Choy - RBC Capital Markets Keith Stanley - Wolfe Research Manav Gupta - UBS Olivia Halferty - Goldman Sachs Robert Catellier - CIBC Capital Markets Ben Pham - BMO Jeremy Tonet - JPMorgan Operator Thank you for standing by. This is the conference operator.

TC Energy Corporation (TRP) Q3 2024 Earnings Call Transcript

TC Energy (TRP) came out with quarterly earnings of $0.76 per share, beating the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $0.75 per share a year ago.

TC Energy (TRP) Surpasses Q3 Earnings and Revenue Estimates

Pipeline operator TC Energy's third-quarter profit beat Wall Street estimates on Thursday, helped by higher volumes of liquids transported through its system.

TC Energy's third-quarter profit beats estimates

CALGARY, Alberta, Nov. 07, 2024 (GLOBE NEWSWIRE) -- News Release - TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) is pleased to announce the appointment of two new independent directors, Scott Bonham and Dawn Madahbee Leach, to the Board of Directors.

TC Energy appoints two new independent directors

CALGARY, Alberta, Nov. 07, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced that its Board of Directors (Board) declared a quarterly dividend of $0.8225 per common share for the quarter ending Dec. 31, 2024, on the Company's outstanding common shares. The dividend declared reflects TC Energy's proportionate allocation following the spinoff Transaction. The common share dividend is payable on Jan. 31, 2025, to shareholders of record at the close of business on Dec. 31, 2024.

TC Energy declares quarterly dividends

Southeast Gateway makes significant progress toward completion with estimated capital expenditures 11 per cent lower to US$3.9 to US$4.1 billion Overall net capital expenditure outlook for 2024 revised eight per cent lower to $7.4 to $7.7 billion reflecting project execution and optimization

TC Energy reports solid third quarter 2024 operating and financial results

TC Energy (TRP) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

TC Energy (TRP) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release

CALGARY, Alberta, Oct. 30, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced that 1,297,203 of its 18,000,000 fixed rate Cumulative Redeemable First Preferred Shares, Series 9 (Series 9 Shares) were tendered for conversion today, on a one-for-one basis, into floating rate Cumulative Redeemable First Preferred Shares, Series 10 (Series 10 Shares). As a result of the conversion, TC Energy has 16,702,797 Series 9 Shares and 1,297,203 Series 10 Shares issued and outstanding. The Series 9 Shares will continue to be listed on the Toronto Stock Exchange (TSX) under the symbol TRP.PR.E. The Series 10 Shares will begin trading on the TSX today under the symbol TRP.PR.L.

TC Energy lists Series 10 Preferred Shares

The price of natural gas is expected to remain low for the foreseeable future because of the ramping production. A lot of it is available, and the infrastructure is improving rapidly.

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News for TC Energy Stock (TRP)