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) announced its fourth-quarter 2021 earnings, reporting net income of $1.1 billion or $1.14 per share, down from $1.20 per share in 2020. Full-year net income also decreased to $1.8 billion or $1.87 per share, compared to $4.5 billion or $4.74 per share in 2020. Despite this, the company declared a quarterly dividend of $0.90 per share, marking a 3.4% increase and the twenty-second consecutive year of dividend growth. TC Energy is advancing $24 billion in secured projects, aiming for 5% annual EBITDA growth through 2026, supported by strong demand and operational excellence.
TC Energy Corporation (NYSE: TRP) will hold a teleconference on February 15, 2022, at 2 p.m. MST to discuss its fourth quarter financial results, which will be released before the market opens. CEO François Poirier and CFO Joel Hunter will present key developments and financial metrics. Interested parties can join via phone or live webcast. A replay will be available after the call until February 22, 2022. TC Energy emphasizes its role in providing energy sustainably across North America, supported by a reliable network of pipelines and power facilities.
TC Energy Corporation (TRP) announced quarterly dividends on its Series 11 and 15 Cumulative First Preferred Shares. Shareholders of record by January 31, 2022, will receive $0.2094375 per share for Series 11 and $0.30625 per share for Series 15, payable on February 28, 2022. These dividends are eligible under the Income Tax Act (Canada), providing enhanced tax credits for Canadian residents. The Dividend Reinvestment Plan allows the purchase of common shares at the weighted average price on the Toronto Stock Exchange.
TC Energy Corporation (TRP) announced a $29 billion secured capital program funded primarily by operational cash flow. The company aims for 5% average annual EBITDA growth through 2026, alongside a 3-5% annual common share dividend increase. With a portfolio valued at $100 billion, TC Energy focuses on expanding its infrastructure across North America, emphasizing sustainability and low-carbon projects. Upcoming investor events highlight their strategic direction and ongoing commitment to meeting energy demands while addressing environmental concerns.
TC Energy Corporation (TRP) will host a virtual Investor Day on December 1, 2021, from 7:30 a.m. to 11:30 a.m. MST. The senior executive team will discuss recent developments and the company's strategic outlook. A live webcast will be available on TC Energy's website, with presentation materials published on the day of the event. This event aims to enhance transparency for investors and provide insights into TC Energy's operational strategies. Investors can access the webcast replay after the event.
Hyzon Motors and TC Energy have entered an agreement to develop and operate hydrogen production hubs across North America, targeting low-to-negative carbon intensity hydrogen for fuel cell vehicles. Each hub aims to produce up to 20 tonnes of hydrogen daily, positioned near market demand. TC Energy will handle operation, power supply, and development services. This partnership is expected to streamline hydrogen infrastructure deployment, enhance clean mobility, and support a transition to sustainable energy solutions.
Hyzon Motors (NASDAQ: HYZN) and TC Energy (NYSE: TRP) have announced a strategic collaboration to develop hydrogen production facilities across North America. This partnership aims to create low-to-negative carbon intensity hydrogen to meet the demand from fuel cell electric vehicles. The hubs will support Hyzon's back-to-base vehicle deployments, with a target production of up to 20 tonnes of hydrogen per hub daily. This partnership is positioned to enhance sustainable energy solutions in North America and capitalize on existing natural gas infrastructure.
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.