Tc Energy Corporation Stock Price, News & Analysis

TC Energy (TSX, NYSE: TRP) announced that TransCanada PipeLines Limited closed a US$350 million offering of 6.250% Fixed-for-Life Junior Subordinated Notes due Nov. 1, 2085. The company intends to use net proceeds to redeem its issued and outstanding Cumulative Redeemable First Preferred Shares, Series 11 at $25.00 per share on Nov. 28, 2025. The company provided notice to the sole registered holder and expects, subject to board approval, to declare a final quarterly dividend of $0.2094375 per Series 11 Share payable on Nov. 28, 2025 to holders of record on Nov. 17, 2025. After redemption the Series 11 Shares will cease dividend rights and will be delisted from the Toronto Stock Exchange.

TC Energy (TSX, NYSE: TRP) said on Oct 6, 2025 that TransCanada PipeLines Limited is considering an offering of U.S. Junior Subordinated Notes. If completed, net proceeds are intended to:

• redeem issued and outstanding Cumulative Redeemable First Preferred Shares, Series 11 (TRP.PR.G),
• reduce indebtedness,
• and for general corporate purposes.

The company cautioned there is no certainty the offering will be completed or as to timing or terms. If commenced, the Notes would be issued by prospectus supplement to TCPL’s short form base shelf prospectus dated Dec 5, 2024 filed on Form F-10 with the SEC. The Notes have not been approved by Canadian or U.S. regulators and will not be offered in Canada.

TC Energy (NYSE:TRP) has declared its quarterly dividend payments for both common and preferred shares. The company will pay a quarterly dividend of $0.85 per common share for Q3 2025, payable on October 31, 2025, to shareholders of record as of September 29, 2025.

The Board also declared dividends for multiple series of Cumulative First Preferred Shares, with payments ranging from $0.1218125 to $0.3740625 per share across different series. The company confirmed that these dividends qualify as eligible dividends for Canadian tax purposes, offering enhanced dividend tax credits for Canadian residents.

Additionally, TC Energy's Dividend Reinvestment and Share Purchase Plan (DRP) will continue to be available, with reinvested cash dividends used to purchase common shares on the Toronto Stock Exchange at 100% of the weighted average purchase price.

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.