Tc Energy Corporation Stock Price, News & Analysis

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.

Canadian energy industry CEOs have issued an urgent open letter to federal political leaders outlining a plan to strengthen Canada's economic sovereignty through energy sector development. The letter, signed by 14 CEOs from major pipeline and oil/natural gas companies, calls for dramatic regulatory restructuring to enable critical infrastructure investment.

The initiative, dubbed 'Build Canada Now', emphasizes five key actions: simplifying regulation by overhauling the Impact Assessment Act and West Coast tanker ban, implementing 6-month project approval deadlines, eliminating the federal emissions cap, repealing the federal carbon levy on large emitters, and providing Indigenous loan guarantees for infrastructure co-investment opportunities.

The CEOs argue that Canada, with its vast oil and natural gas reserves, can become a global leader in energy security by providing affordable, lower emission, responsibly produced energy. However, they stress that current federal policies and regulatory frameworks are creating barriers to investment, resulting in billions in lost economic opportunities.

TC Energy (TSX, NYSE: TRP) has filed its 2024 annual disclosure documents with Canadian securities authorities. The filing includes Audited Consolidated Financial Statements for the year ended Dec. 31, 2024, along with related Management's Discussion and Analysis (Annual Report), and the Company's Annual Information Form.

Additionally, TC Energy has submitted its Form 40-F to the United States Securities and Exchange Commission. All documents are accessible through sedarplus.ca, sec.gov (Form 40-F), and the Investors section of TC Energy's website. Shareholders can request free paper copies of the audited Consolidated Financial Statements by contacting the company.