Tc Energy Corporation Stock Price, News & Analysis

TC Energy Corporation (TRP) has declared a quarterly dividend of $0.87 per common share for Q4 2021, payable on January 31, 2022. Shareholders of record by December 31, 2021 will receive this dividend. Additionally, quarterly dividends for various Cumulative First Preferred Shares have been announced, with amounts ranging from $0.093 to $0.306 per share, also payable on January 31, 2022. All dividends are designated as eligible dividends under Canadian tax law, providing added tax benefits to Canadian residents.

On November 5, 2021, TC Energy announced a net income of $779 million for Q3 2021, down from $904 million in Q3 2020. Comparable earnings rose to $1 billion, or $0.99 per share. The company expects to sanction approximately $7 billion in new projects in 2021 as part of its $22 billion secured capital program, with a modified dividend growth outlook of 3-5% annually. Key developments include advancements in natural gas and renewable energy projects, and a strong focus on sustainability, including GHG reduction targets. The quarterly dividend declared is $0.87 per share.

TC Energy has approved its WR Project with a capital investment of approximately US$0.8 billion. This initiative aims to enhance the reliability of the ANR Pipeline system, increase natural gas capacity by up to 157,000 dekatherms per day, and reduce CO₂e emissions by about 30,000 metric tons annually. The project, which includes the installation of electric motor compressors, is set to enhance infrastructure sustainably and is expected to be operational in the fourth quarter of 2025.

TC Energy Corporation (TRP) will hold a teleconference and webcast on November 5, 2021, to discuss its Q3 financial results. The financial results will be published before the market opens. CEO François Poirier and CFO Joel Hunter, along with the executive team, will present at 9 a.m. MDT / 11 a.m. EDT. The conference call is open to the investment community, and a live webcast will be available on their website. A replay will be accessible two hours post-call until November 12, 2021.

Nikola Corporation and TC Energy have entered into a strategic collaboration to develop hydrogen infrastructure for zero-emission heavy-duty trucks. This partnership aims to establish hydrogen production hubs in the U.S. and Canada to support Nikola's hydrogen fuel needs, targeting the production of 150 tonnes of hydrogen daily. The collaboration will utilize TC Energy's existing assets to enhance efficiency and reduce costs. Both companies are committed to minimizing carbon intensity in hydrogen production, integrating renewable energy and carbon capture methods.

Nikola Corporation (NKLA) and TC Energy (TRP) have announced a collaboration to co-develop large-scale hydrogen production facilities in the U.S. and Canada. This partnership aims to produce over 150 tonnes of hydrogen daily near major trucking corridors, supporting the fuel needs for Nikola's Class 8 FCEVs. The collaboration also focuses on reducing the carbon intensity of hydrogen through renewable energy and carbon capture technologies. The two companies intend to leverage existing infrastructure to enhance hydrogen distribution, facilitating the adoption of zero-emission vehicles.

TC Energy Corporation (TSX, NYSE: TRP) has announced a shift in the payment dates for its Cumulative First Preferred Shares due to the newly established Canadian federal holiday on September 30, 2021. The payment date is now set for September 29, 2021. Adjustments have also been made to the dividend amounts for Series 2 and Series 4, with Series 2 decreasing from $0.12785479 to $0.12646507 per share, and Series 4 from $0.08752603 to $0.08657466 per share. Shareholders of record on August 31, 2021 will receive dividends for the period ending September 29, 2021.

EDP Renewables (EDPR) and TC Energy (TRP) have signed a 15-year power purchase agreement for the Sharp Hills Wind Farm, a 297-MW project in Alberta, expected to start operating in 2023. This agreement will generate electricity for over 164,000 homes and create around 300 construction jobs, plus 15-20 permanent positions. The deal represents Alberta's largest wind power purchase agreement, enhancing TC Energy's renewable energy portfolio and promoting economic growth in local communities while supporting sustainable energy goals.