Tc Energy Corporation Stock Price, News & Analysis

TC Energy (NYSE:TRP) reported strong Q2 2025 results, with comparable EBITDA reaching $2.6 billion, up from $2.3 billion in Q2 2024. The company raised its 2025 comparable EBITDA outlook to $10.8-$11.0 billion, up from previous guidance of $10.7-$10.9 billion.

Key operational highlights include record NGTL System receipts of 15.5 Bcf on April 13, 2025, and successful completion of the Southeast Gateway pipeline. The company announced $4.5 billion in new growth projects over the past nine months and expects to place approximately $8.5 billion of capital projects into service in 2025, tracking 15% below budget.

Financial results showed comparable earnings of $0.8 billion ($0.82 per share) and declared a quarterly dividend of $0.85 per common share. The company maintains its three to five percent annual dividend growth target while working toward a long-term debt-to-EBITDA ratio target of 4.75 times.

TC Energy (NYSE:TRP) announced it will release its second quarter 2025 financial results on Thursday, July 31, 2025. The company will host a teleconference and webcast at 6:30 a.m. MT / 8:30 a.m. ET on the same day.

President and CEO François Poirier, CFO Sean O'Donnell, and other executive leadership team members will discuss the quarterly results and company developments. Investors can participate via phone or through a live webcast on TC Energy's website. A replay will be available until August 7, 2025.

TC Energy (NYSE:TRP) has announced the commencement of toll collection from the Comisión Federal de Electricidad (CFE) for its Southeast Gateway pipeline, with May payments received on schedule. The 1.3 Bcf/d, 715-kilometre natural gas pipeline was completed at US$3.9 billion, approximately 13% under the original cost estimate.

The project, completed in less than three years, represents the first major energy infrastructure project under TC Energy's public-private partnership with CFE. The pipeline is strategically positioned to support Mexico's plans to add 8.5 gigawatts of new natural gas power plant capacity, contributing to the country's energy security and economic development.

TC Energy (NYSE:TRP) announced the results of its preferred shares conversion election between Series 3 and Series 4 shares. 104,778 Series 3 shares will convert to Series 4, while 1,822,829 Series 4 shares will convert to Series 3. After conversion, TC Energy will have 11,715,228 Series 3 shares and 2,284,772 Series 4 shares outstanding.

The Series 3 shares will pay a fixed quarterly dividend at an annualized rate of 4.102% for five years starting June 30, 2025. Series 4 shares will pay a floating rate quarterly dividend, initially set at 3.924% for the period from June 30 to September 29, 2025. The next conversion opportunity will be on July 2, 2030.

TC Energy announced it will not redeem its Series 3 and Series 4 preferred shares on June 30, 2025. Holders of Series 3 shares can either retain their shares with a new fixed dividend rate of 4.102% until July 2, 2030, or convert to Series 4 shares with a floating rate of 3.924% for the initial period. Similarly, Series 4 shareholders can keep their shares with a 3.924% floating rate or convert to Series 3 shares with the 4.102% fixed rate. Shareholders must notify their broker by 5 p.m. EST on June 16, 2025, to exercise conversion rights. If either series falls below one million shares after conversion, they will automatically convert to the other series. The next conversion opportunity will be on July 2, 2030.

TC Energy (TRP) held its 2025 annual meeting of shareholders where 13 directors were successfully elected to the Board. All nominees received strong shareholder support, with approval rates ranging from 97.81% to 99.85%. Dawn Madahbee Leach received the highest approval rate at 99.85%, while John E. Lowe received the lowest at 97.81%. The board election results demonstrate strong shareholder confidence in TC Energy's leadership team. Complete voting results will be available on SEDAR+, EDGAR, and TC Energy's website by May 9, 2025.

TC Energy (TRP) has announced its quarterly dividend declarations. The company will pay a dividend of $0.85 per common share for Q2 2025, payable on July 31, 2025, to shareholders of record as of June 30, 2025. Additionally, TC Energy declared dividends on various series of Cumulative First Preferred Shares, with payments scheduled between May and July 2025.

The company confirmed that these dividends qualify as eligible dividends under Canadian tax law, offering enhanced dividend tax credits for Canadian residents. Common shares purchased through TC Energy's Dividend Reinvestment and Share Purchase Plan (DRP) will be acquired on the Toronto Stock Exchange at 100% of the weighted average purchase price.

TC Energy reported solid Q1 2025 results with comparable earnings of $1.0 billion ($0.95 per share) and comparable EBITDA of $2.7 billion. The company announced $2.4 billion in new projects, including the Northwoods natural gas project and Bruce Power Unit 5 upgrade. TC Energy expects to place $8.5 billion of projects into service in 2025, tracking roughly 15% under budget. Key operational highlights include record deliveries across pipeline systems, with Canadian Natural Gas Pipelines up 8% and U.S. Natural Gas Pipelines up 5% YoY. The Southeast Gateway pipeline is ready for service, constructed 13% under budget. The company reaffirmed its 2025 outlook with expected comparable EBITDA of $10.7-10.9 billion, though EPS is expected to be lower than 2024. A quarterly dividend of $0.85 per share was declared.

TC Energy (TRP) has announced its schedule for first quarter 2025 financial results and annual shareholders meeting. The Q1 2025 results will be released on May 1, 2025, at 6:30 a.m. MDT, followed by a teleconference and webcast. The annual shareholders meeting is scheduled for May 8, 2025, at 10 a.m. MDT, and will be held in a virtual-only format. Investors can access the Q1 earnings call through a toll-free number, and a replay will be available until May 8. The company has filed its 2025 Management Information Circular and related meeting materials for shareholder review.