Welcome to our dedicated page for Tc Energy news (Ticker: TRP), a resource for investors and traders seeking the latest updates and insights on Tc Energy stock.
TC Energy Corporation reports developments tied to its North American energy infrastructure business, including natural gas transmission systems across Canada, the United States and Mexico, power generation investments and infrastructure that supports LNG exports. Recurring updates cover operating and financial results, system delivery performance, capital projects and expansion activity on assets such as Columbia Gas.
Company news also includes annual disclosure filings, shareholder meeting materials, board election results and capital-structure actions involving preferred shares. TC Energy common shares trade on the Toronto Stock Exchange and the New York Stock Exchange under the symbol TRP.
TC Energy Corporation (TRP) announced a quarterly dividend of $0.87 per common share for the quarter ending March 31, 2021, payable on April 30, 2021. Shareholders of record at the close of business on March 31, 2021 will receive this dividend. Additionally, dividends for Cumulative First Preferred Shares include amounts ranging from $0.08562069 to $0.243938, payable on various dates in March and April 2021. These dividends qualify as eligible dividends under the Income Tax Act (Canada).
TC Energy Corporation (TRP) reported a strong fourth quarter and full-year 2020 performance, with net income of $1.1 billion or $1.20 per share in Q4, up from $1.18 per share in 2019. For the year, net income rose to $4.5 billion or $4.74 per share, compared to $4.0 billion in 2019. The company announced a 7.4% increase in its quarterly dividend to $0.87, marking the 21st consecutive year of dividend growth. Despite challenges from COVID-19, TC Energy's diversified portfolio generated robust cash flow, driven by $5.9 billion in growth projects.
TC Energy Corporation (TRP) has canceled an open season initiated on January 6, 2021, for binding commitments on crude oil transportation via the Keystone Pipeline System from Hardisty, Alberta, to Patoka, Illinois. This capacity was linked to the Keystone XL project, which is suspended following the revocation of its Presidential Permit.
TC Energy's ongoing operations include a robust network of natural gas and crude oil pipelines, essential for energy delivery across North America.
TC Energy Corporation (NYSE: TRP) is scheduled to hold a teleconference and webcast on October 29, 2020, at 9 a.m. MDT to discuss its third-quarter financial results. The financial results will be released pre-market on the same day. Presenters will include President and CEO Russ Girling and other key executives. Interested parties can participate by calling 1-855-327-6838 or joining the live webcast on TC Energy's website. A replay will be available two hours post-call until midnight EDT on November 5, 2020.
TC Energy Corporation has proposed a non-binding offer to acquire the remaining outstanding common units of TC PipeLines, LP in exchange for TC Energy common shares. The offer proposes 0.650 shares of TC Energy for each publicly-held unit of TCP, valuing TCP units at approximately US$27.31 each, a 7.5% premium based on previous trading data. The total value for the public units is around US$1.48 billion. This transaction requires approval from various boards, including the TCP Board, and is subject to customary conditions and agreements.
TC Energy Corporation announced the retirement of CEO Russ Girling, effective December 31, 2020. François Poirier, currently COO, will succeed him on January 1, 2021. Girling led the company through significant growth, including a $13 billion acquisition of Columbia Pipeline Group. The Board expressed confidence in Poirier's leadership skills and vision for future success.
The company emphasizes the importance of executive succession planning and aims to continue delivering energy reliably while enhancing shareholder value.