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.

Earnings data Q4 2020

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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.

TC Energy (TRP) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will TC Energy (TRP) Beat Estimates Again in Its Next Earnings Report?

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NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWSWIRE SERVICES (SEE “OFFER AND DISTRIBUTION RESTRICTIONS” BELOW). CALGARY, Alberta, Oct. 09, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (“TC Energy”) today announced that TransCanada PipeLines Limited (the “Company”), a wholly-owned subsidiary of TC Energy, has released the pricing terms of its previously announced separate offers (the “Offers”) to purchase for cash up to C$575,000,000 in aggregate principal amount of its 4.180% Senior Notes due 2048 (the “2048 Notes”) and its 3.390% Senior Notes due 2028 (the “2028 Notes”, and together with the 2048 Notes, the “Notes”).

TC Energy announces pricing of cash tender offers for certain Canadian-dollar denominated debt securities

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CALGARY, Alberta, Oct. 09, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (“TC Energy”) today announced that TransCanada PipeLines Limited (the “Company”), a wholly-owned subsidiary of TC Energy, has released (i) the results of its previously announced seven separate offers (the “Offers”) to purchase for cash the outstanding notes of the series listed in the table below (collectively, the “Notes”) and (ii) that it has amended the Offers by increasing the Maximum Purchase Amount from US$1,750,000,000 to US$1,809,000,000, an amount sufficient to accept for purchase all Notes with Acceptance Priority Levels 1 – 5 in full, in accordance with the terms of the Tender Documents (as defined below).

TC Energy announces upsizing and results of its cash tender offers

NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWSWIRE SERVICES (SEE “OFFER AND DISTRIBUTION RESTRICTIONS” BELOW). CALGARY, Alberta, Oct. 09, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (“TC Energy”) today announced (i) the expiration of the previously announced separate offers (the “Offers”) of TransCanada PipeLines Limited (the “Company”), a wholly-owned subsidiary of TC Energy, to purchase for cash up to C$350,000,000 in aggregate purchase price, excluding accrued and unpaid interest, (the “Maximum Purchase Amount”) of its outstanding notes of the two series listed in the table below (collectively, the “Notes”) at 5 p.m.

TC Energy announces expiration and upsizing of cash tender offers for certain Canadian-dollar denominated debt securities

CALGARY, Alberta, Oct. 08, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (“TC Energy”) today announced that TransCanada PipeLines Limited (the “Company”), a wholly-owned subsidiary of TC Energy, has released the pricing terms of its previously announced separate offers (the “Offers”) to purchase for cash up to US$1,750,000,000 aggregate principal amount of its outstanding notes of the series listed in the table below (collectively, the “Notes”).

TC Energy announces pricing of cash tender offers

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Shares of TC Energy Corp (TRP, Financial) fell 9.62% in mid-day trading on Oct 2. The stock reached an intraday low of $43.46, before recovering slightly to $43.72, down from its previous close of $48.37.

TC Energy Corp (TRP) Shares Down 9.62% on Oct 2

CALGARY, Alberta, Oct. 01, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced that it does not intend to exercise its right to redeem its Cumulative Redeemable First Preferred Shares, Series 9 (Series 9 Shares) on Oct. 30, 2024. As a result, subject to certain conditions, the holders of Series 9 Shares have the right to choose one of the following options regarding their shares:

TC Energy provides conversion right and dividend rate notice for Series 9 and 10 preferred shares

South Bow (SOBO:CA) will start trading on TSX on October 2, 2024, and on NYSE on October 7, 2024, as a spin-off from TC Energy. SOBO offers stable revenues, strong EBITDA, and earnings visibility due to contracted pipelines and storage, with strategic expansion in the Western Canadian Sedimentary Basin. The spin-off aims to unlock value, with SOBO's low-risk profile, high dividend yield, and potential for significant capital appreciation.

TC Energy: South Bow Spinoff Unlocking Value, Improving Shareholder Returns

NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWSWIRE SERVICES (SEE “OFFER AND DISTRIBUTION RESTRICTIONS” BELOW). CALGARY, Alberta, Oct. 01, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (“TC Energy”) today announced that TransCanada PipeLines Limited (the “Company”), a wholly-owned subsidiary of TC Energy, has commenced separate offers (the “Offers”) to purchase for cash up to C$350,000,000 (the “Maximum Purchase Amount”) in aggregate purchase price, excluding accrued and unpaid interest, of its outstanding notes of the two series listed in the table below (collectively, the “Notes”), which Maximum Purchase Amount may be increased, decreased or waived by the Company in its sole discretion.

TC Energy announces cash tender offers for certain Canadian-dollar denominated debt securities

CALGARY, Alberta, Oct. 01, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (“TC Energy”) today announced that TransCanada PipeLines Limited (the “Company”), a wholly-owned subsidiary of TC Energy, has commenced separate offers (the “Offers”) to purchase for cash any and all of the seven series of outstanding notes of the series listed in the table below (collectively, the “Notes”), up to a maximum of US$1,750,000,000 aggregate Total Consideration (as defined below). Subject to the Maximum Purchase Condition (as defined below), the series of Notes that are purchased in the Offers will be based on the acceptance priority levels (each, an “Acceptance Priority Level”) set forth in the table below. If a given series of Notes is accepted for purchase pursuant to the Offers, all Notes of that series that are validly tendered will be accepted for purchase. No series of Notes will be subject to proration pursuant to the Offers.

TC Energy announces cash tender offers for seven series of debt securities

CALGARY, Alberta, Oct. 01, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced that it has completed the spinoff of its Liquids Pipelines business into South Bow Corporation (South Bow).

TC Energy completes spinoff of its Liquids Pipelines business, South Bow Corporation; TC Energy to issue third quarter results on Nov. 7

TC Energy is a compelling investment for dividend-focused investors with its 6% yield, steady cashflows, and 24 years of consecutive dividend raises. TRP's robust growth prospects are driven by North American natural gas demand, project completions like Coastal GasLink, and a simplified business model post-South Bow spinoff. Despite not being a bargain at $47, TRP's valuation remains reasonable with a P/CF ratio within its historical range, with potential for market-beating returns.

TC Energy: 6% Yield Amidst A North American Energy Boom

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TRP continues to focus on finalizing a deal with an indigenous-owned investment partnership for the NGTL System and the Foothills Pipeline assets.

TC Energy's Pipeline Deal With Indigenous Communities Hits Snag

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TC Energy's Coastal GasLink pipeline in western Canada has been fined C$590,000 ($434,558) for 10 environmental non-compliance penalties, the British Columbia government said on Thursday, taking its total penalties to nearly C$1.4 million.

TC Energy's Coastal GasLink pipeline fined again for environmental non-compliance

On September 09, 2024, TC Energy Corp (NYSE, TSX: TRP, $45.88, Market Capitalization: $47.5 billion) announced the distribution record date and timelines for a tax-free spin-off of the Liquids Pipelines business into South Bow Corporation (South Bow). As per the arrangement, TC Energy Corp. (TC Energy) shareholders will keep their stake in TC Energy and gain a proportional interest in South Bow.

TC Energy To Spin-Off South Bow On October 1, 2024

Calgary, Alberta--(Newsfile Corp. - September 11, 2024) - Further to the press release of TC Energy Corporation issued on September 10, 2024, Aspen Investments Limited Partnership ("Aspen Investments LP"), an Indigenous-owned investment partnership, would like to provide an update on the equity interest purchase transaction (the "Transaction") between Aspen Investments LP and an affiliate of TC Energy Corporation, pursuant to which Aspen Investments LP is to acquire a minority equity interest of 5.34% in the NGTL System and the Foothills Pipeline assets for a gross purchase price of $1 billion. Aspen Investments LP was prepared and in a position to close the Transaction, including completion of the bond financing in connection with the Transaction, on September 9, 2024.

Update from Aspen Investments LP with Respect to Equity Interest Purchase Agreement with TC Energy Corporation

TRP stands out as a dividend aristocrat, set to increase its dividend for the 25th consecutive year in 2024.

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Pipeline operator TC Energy said on Tuesday that a deal to sell a minority stake in its Canadian natural gas pipeline system to indigenous communities has been delayed due to an identified transaction structuring issue.

TC Energy's pipeline stake sale delayed

CALGARY, Alberta, Sept. 10, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) is providing an update on its previously announced equity interest purchase transaction with an Indigenous-owned investment partnership (the Purchaser), which was formed to acquire a minority equity interest in the NGTL System and the Foothills Pipeline assets.

Equity Interest Purchase Agreement Update

News for TC Energy Stock (TRP)