Tc Energy Corporation Stock Price, News & Analysis

TC Energy has terminated the Keystone XL Pipeline Project after a comprehensive review and consultations with the Government of Alberta. Construction was already suspended following the revocation of its Presidential Permit in January 2021. The company aims to ensure a safe exit from the Project while continuing to meet environmental and regulatory commitments. TC Energy remains optimistic about future growth opportunities, with $20 billion in secured projects and $7 billion under development to support energy transition efforts.

TC Energy Corporation has announced the retirement of Don Marchand as Chief Financial Officer (CFO), effective November 1, 2021. He will step down as CFO on July 31, 2021. Joel Hunter, currently Senior Vice-President of Capital Markets, will succeed him. Hunter has been with TC Energy for 24 years and is part of the Executive Leadership Team since January 2021. Bevin Wirzba will assume leadership of Strategy and Corporate Development activities effective June 1, 2021. The company emphasizes a strong commitment to its financial management and future growth.

On May 7, 2021, TC Energy held its annual meeting, where all 13 director nominees were elected. Notable votes included Stéphan Crétier receiving 99.56% support and Michael R. Culbert with 99.81%. Mary Pat Salomone garnered the lowest approval at 93.64%. The final voting results will be filed on SEDAR and EDGAR by May 11, 2021. TC Energy operates a reliable network of pipelines and power generation facilities across North America, trading under the symbol TRP on the TSX and NYSE.

TC Energy Corporation (TRP) announced a quarterly dividend of $0.87 per common share for the quarter ending June 30, 2021, payable on July 30, 2021. Shareholders of record by June 30, 2021, are eligible. Additionally, the company declared dividends for its Cumulative First Preferred Shares, with varying amounts payable on June 30 and July 30, 2021. Notably, the Series 13 Preferred Shares will be redeemed on May 31, 2021, marking the final dividend for those shares. All dividends are eligible dividends under Canadian tax legislation.

TC Energy Corporation (TRP) reported a net loss of $1.1 billion or $1.11 per share for Q1 2021, a significant drop from a net income of $1.1 billion or $1.22 per share in Q1 2020. The loss included a $2.2 billion after-tax impairment charge from the Keystone XL suspension. Comparable earnings were stable at $1.1 billion or $1.16 per share. The company announced a quarterly dividend of $0.87 per share and is advancing a $20 billion secured capital program, emphasizing resilience amidst market uncertainties.

TC Energy Corporation (NYSE: TRP) will host its 2021 annual meeting of common shareholders on May 7, 2021, at 10 a.m. MDT (12 p.m. EDT) via a virtual format due to COVID-19. The meeting will focus on shareholder engagement and public health safety, including a live Q&A session. Financial results for Q1 2021 will be released pre-market on the same day, followed by a conference call at 1 p.m. MDT (3 p.m. EDT) to discuss these results and company updates. Interested parties can join the call or watch it live on the company’s website.

HOUSTON, April 12, 2021 (GLOBE NEWSWIRE) -- TC Energy Corporation (NYSE: TRP) is issuing a Request for Information (RFI) to explore potential contract and investment opportunities in wind energy projects. The initiative aims to generate 2,500,000 megawatt hours annually, equating to 620 megawatts of zero-carbon energy for its U.S. pipeline assets. The RFI is non-binding and runs until May 10, 2021. The company seeks to leverage its expertise and existing assets of $100 billion to advance renewable energy goals and reduce emissions across North America.

TC Energy Corporation (NYSE: TRP) announced the redemption of its Cumulative Redeemable Minimum Rate Reset First Preferred Shares, Series 13 (TSX: TRP.PR.J) on May 31, 2021, at a price of $25.00 per share. A final quarterly dividend of $0.34375 per share is expected to be declared, payable on the same date to shareholders of record by May 17, 2021. Post-redemption, the Series 13 Shares will be delisted from the Toronto Stock Exchange and will no longer be eligible for dividends.

TC Energy Corporation announced the successful closing of a $500 million offering of 4.20% subordinated Trust Notes, Series 2021-A, due March 4, 2081. The offering was underwritten by a syndicate led by BMO Capital Markets and Scotiabank. Proceeds will be used to redeem the Series 13 Cumulative Redeemable Minimum Rate Reset First Preferred Shares and to reduce short-term indebtedness. The Trust Notes are not registered under U.S. securities laws and are not available for sale in the U.S.