Welcome to our dedicated page for Tc Energy Corporation news (Ticker: TRP), a resource for investors and traders seeking the latest updates and insights on Tc Energy Corporation stock.
TC Energy Corporation (TRP) generates a steady stream of news related to its North American natural gas infrastructure and power assets. As an energy infrastructure company with operations in Canada, the United States and Mexico, its disclosures cover topics ranging from quarterly financial performance to major pipeline and power project milestones.
Investors following TRP news can expect regular updates on quarterly and annual results, including comparable earnings, EBITDA and segmented performance across Canadian, U.S. and Mexican natural gas pipelines and power and energy solutions. The company frequently issues releases on its financial outlook, capital spending plans and growth project pipeline, highlighting new natural gas pipeline expansions and power-related investments backed by long-term contracts.
TC Energy’s news flow also includes announcements about major infrastructure projects. Recent examples described by the company include the completion and toll collection on the Southeast Gateway pipeline in Mexico, expansions on systems such as Columbia Gulf and NGTL, and projects designed to serve LNG export markets and natural gas-fired power generation. These updates provide context on how TC Energy’s assets support natural gas demand, LNG exports and power markets across North America.
Capital markets and balance sheet developments are another key news theme. TC Energy issues releases on dividends for its common and preferred shares, preferred share redemptions and features such as conversion rights between fixed and floating rate preferred series. The company also reports on debt offerings, including junior subordinated notes issued by TransCanada PipeLines Limited, and how proceeds are intended to be used within its capital structure.
In addition, TC Energy publishes notices of investor events such as teleconferences and webcasts for quarterly results, where management discusses financial performance, strategic priorities and long-term outlook. For investors and observers, the TRP news page offers a consolidated view of these financial, operational and capital structure developments over time.
TC Energy Corporation (TRP) has updated cost estimates for the Coastal GasLink Project, now projected at approximately $14.5 billion. This estimate arises from several cost pressures including labor shortages, contractor disputes, and adverse weather conditions. The company anticipates that project completion may extend into 2024, potentially increasing costs by an additional $1.2 billion. The project is currently 83% complete, with key milestones expected soon, including the introduction of natural gas at the Wilde Lake Compressor Facility. TC Energy also revised its 2023 capital expenditure outlook to $11.5-$12.0 billion, reflecting delays and increased costs.
TC Energy Corporation (TRP) will hold a teleconference on February 14, 2023, at 6:30 a.m. MST, to discuss its fourth quarter financial results, which will be released pre-market. Key executives, including President François Poirier and CFO Joel Hunter, will present insights on the company's financial performance and updates. Investors can join via phone or live webcast, and a replay will be available until February 21, 2023. TC Energy focuses on sustainable energy solutions and reducing emissions. The company aims to innovate and partner with communities for a cleaner energy future.
TC Energy Corporation (TRP) reaffirms its 2022-2026 financial outlook during the annual Investor Day. The company anticipates a comparable EBITDA growth of six percent and a dividend growth rate of three to five percent. They project a five to seven percent increase in 2023 EBITDA. Despite cost pressures in the Coastal GasLink Project leading to increased funding requirements, the company remains focused on delivering long-term shareholder value. 95% of projected EBITDA is secured under long-term contracts, providing stability against market fluctuations.
TC Energy Corporation (TRP) will host its annual Investor Day on November 29, 2022, where its senior executives will discuss operations, recent developments, and strategic outlook. The event will be streamed live at 7:55 a.m. EST. Participants can access the webcast through TC Energy's website, and a replay will be available afterward. The company emphasizes its commitment to sustainability and innovation in energy solutions, including natural gas, renewables, carbon capture, and hydrogen.
TC Energy Corporation (TRP) announced a quarterly dividend of $0.90 per common share for Q4 2022, payable on January 31, 2023, to shareholders of record by December 30, 2022. The Board also declared dividends on Cumulative First Preferred Shares, detailing payments across various series. All dividends are eligible under the Income Tax Act (Canada). Additionally, a two percent discount is offered under the Dividend Reinvestment Plan (DRP), allowing investors to choose common shares over cash dividends.
TC Energy Corporation (TRP) reported strong Q3 2022 results, with a 10% increase in comparable EBITDA and a 16% rise in segmented earnings compared to Q3 2021. This performance led to an upward revision of the 2022 EBITDA outlook by 4% over 2021. The company has a secured capital project portfolio of $34 billion, with expected annual dividend growth of 3-5%. Significant projects include the Louisiana XPress and Southeast Gateway pipeline, aimed at addressing North America’s energy demands. Net income attributable to common shares reached $0.84 per share, up from $0.80 in 2021.
TC Energy (NYSE: TRP) will hold a teleconference on Nov. 9, 2022, to discuss its third quarter financial results, available pre-market. The call features CEO François Poirier and CFO Joel Hunter, starting at 6:30 a.m. MST / 8:30 a.m. EST. Investors can join by calling 1-800-319-4610. A live webcast will also be available on TC Energy’s website. A replay will be accessible until Nov. 16, 2022. TC Energy emphasizes its commitment to sustainability and innovation in energy solutions, aiming to reduce emissions and invest in community partnerships.
TC Energy Corporation has announced a $29.3 million investment in a renewable natural gas (RNG) production facility in Lynchburg, TN, marking its inaugural venture into RNG production. The facility, owned by Lynchburg Renewable Fuels LLC, is expected to produce RNG with a carbon intensity score 50% lower than conventional natural gas, potentially saving 16,000 tonnes of CO2e annually. Scheduled to become operational in 2024, the plant will convert biogas from the Jack Daniel Distillery into RNG and liquid fertilizer, contributing to local agriculture while enhancing TC Energy's low-carbon energy portfolio.
TC Energy Corporation (NYSE: TRP) is set to initiate pre-construction activities for the $146 million Saddlebrook Solar Project near Aldersyde, Alberta, aiming to generate 81 megawatts of energy—enough to power 20,000 homes annually. Supported by $10 million from Emissions Reduction Alberta, this marks TC Energy's first utility-scale solar project. Construction is expected to be completed in 2023, creating approximately 140 job opportunities during that phase. The project aligns with TC Energy's commitment to low-carbon energy solutions and sustainable development.
TC Energy Corporation (TSX: TRP) has successfully completed a public offering of 28.4 million common shares at $63.50 each, raising gross proceeds of approximately $1.8 billion. This offering was underwritten by RBC Capital Markets and Scotiabank, with an additional over-allotment option of 2.84 million shares. The funds will primarily support the construction of the Southeast Gateway Pipeline, a $4.5 billion project in Mexico, while temporarily using proceeds for debt reduction or liquid investments.