STOCK TITAN

TC Energy Corporation - TRP STOCK NEWS

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) is a leading energy infrastructure company headquartered in Calgary, Alberta, Canada. With a robust portfolio of natural gas, oil, and power generation assets across North America, TC Energy plays a pivotal role in safely delivering the energy that powers homes, businesses, and industries. The company operates more than 60,000 miles of oil and gas pipelines and has over 650 billion cubic feet of natural gas storage capacity. Additionally, it boasts around 4,300 megawatts of electric power generation capacity.

For over 60 years, TC Energy has committed to sustainable operations, focusing on safety, environmental stewardship, and economic efficiency. This dedication is evident in their proactive approach to addressing global energy demands and driving innovation in energy conservation and efficiency. The company's operations are divided into three primary business segments: natural gas pipelines, liquid pipelines, and energy.

TC Energy is not only significant for its extensive infrastructure but also for its collaborative engagement with stakeholders, ensuring a balanced consideration of societal, environmental, and economic factors in its operations. Recently, the company announced a plan to spin off its Liquids Pipelines business, forming a new entity named South Bow Corporation, which will focus on independent, investment-grade opportunities.

On the financial front, TC Energy continues to deliver solid performance, evidenced by its recent increase in common share dividends for the twenty-fourth consecutive year. Moreover, the company’s management team actively engages with the investment community and stakeholders through regular updates and transparent reporting. Notably, TC Energy's first quarter 2024 financial results will be discussed in an upcoming webcast, showcasing the company's ongoing developments and financial health.

As TC Energy forges ahead, it remains committed to advancing strategic priorities aimed at maximizing shareholder returns and creating long-term value for communities. The company’s common shares are traded on the Toronto (TSX) and New York (NYSE) stock exchanges under the symbol TRP. For more information, visit TC Energy.

Rhea-AI Summary

TC Energy (TSX, NYSE: TRP) has announced a historic $1 billion equity interest purchase agreement for a 5.34% minority stake in its NGTL System and Foothills Pipeline assets. This partnership, backed by the Alberta Indigenous Opportunities (AIOC), will enable up to 72 Indigenous Communities across Alberta, British Columbia, and Saskatchewan to become equity owners in the 25,000-kilometer natural gas infrastructure network.

The AIOC will provide a $1 billion equity loan guarantee to support the newly-formed Indigenous-owned investment partnership. This agreement is expected to create long-term revenue sources for Indigenous Communities, fostering economic sovereignty and prosperity. The transaction is anticipated to close in the third quarter of 2024, subject to Community approvals and financing.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.12%
Tags
none
-
Rhea-AI Summary

TC Energy (TSX, NYSE: TRP) will release its second quarter 2024 financial results on Aug. 1, 2024. A teleconference and webcast will be held at 6:30 a.m. MDT / 8:30 a.m. EDT, led by CEO François Poirier and CFO Sean O'Donnell. The event will cover both financial results and company developments, accessible via toll-free numbers or international dial-ins, with no passcode required. Pre-registration is available to secure a unique PIN for quick access. The webcast will be live-streamed on TC Energy’s website and available for replay post-event. A teleconference replay will be available until Aug. 8, 2024.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.44%
Tags
-
Rhea-AI Summary

TC Energy (TSX, NYSE: TRP) announced that shareholders approved the spinoff of its Liquids Pipelines business into a new public company, South Bow Shareholders will receive one common share of TC Energy and 0.2 shares of South Bow for each TC Energy share held. The separation is anticipated to occur in late Q3 to mid Q4 2024. The spinoff aims to create two focused energy infrastructure companies, each promising compelling dividends. The vote also saw the election of TC Energy's Board of Directors, with strong support for all nominees. The spinoff is subject to regulatory and court approvals.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.08%
Tags
management
Rhea-AI Summary

TC Energy (NYSE: TRP) plans to appeal a Delaware Chancery Court decision regarding its 2016 acquisition of Columbia Pipeline Group. The court ruled that the former CEO and CFO of Columbia breached their fiduciary duties to shareholders, and that TC Energy aided and abetted these breaches. Consequently, TC Energy and the former Columbia executives are each responsible for half of the awarded damages, totaling US$398.4 million. TC Energy's share amounts to US$199.2 million, plus an estimated US$179.5 million in interest. TC Energy disputes the court's findings and aims for the appeal to conclude by mid-2025, posting a bond to cover the damages in the meantime.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.44%
Tags
-
News
Rhea-AI Summary

TC Energy (TRP) declared a quarterly dividend of $0.96 per common share for the quarter ending June 30, 2024. The Board also declared dividends on various Cumulative First Preferred Shares. These dividends are designated as eligible dividends for tax purposes, with an enhanced dividend tax credit for Canadian residents. The company's Dividend Reinvestment and Share Purchase Plan (DRP) allows shareholders to reinvest cash dividends at a discounted price.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.32%
Tags
dividends
-
Rhea-AI Summary

TC Energy (TRP) reported strong first quarter 2024 financial results with a focus on maximizing shareholder returns. The company achieved 11% year-over-year growth in comparable EBITDA and a 4% growth in segmented earnings. They are reaffirming their 2024 outlook with expected EBITDA of $11.2 to $11.5 billion. TC Energy advanced their $3 billion asset divestiture program and remain committed to limiting annual net capital expenditures. The company is progressing towards enhancing balance sheet strength and achieving their debt-to-EBITDA target by year end 2024. TC Energy's Board of Directors announced the appointment of a new CFO, declared a quarterly dividend, and provided updates on strategic initiatives, including the spinoff of the Liquids Pipelines business.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.32%
Tags
Rhea-AI Summary
TC Energy (TRP) recently provided an update on the results of its Series 7 Shares conversion elections. A total of 209,483 out of 24,000,000 fixed-rate Cumulative Redeemable First Preferred Shares, Series 7 were deposited for conversion into floating rate Cumulative Redeemable First Preferred Shares, Series 8 on April 30, 2024. The conversions were subject to specific conditions outlined in a previous news release. However, as the total number of Series 7 Shares tendered for conversion did not meet the threshold, no Series 7 Shares will be converted into Series 8 Shares on the specified date. Investors are advised to refer to the ’s prospectus supplement for more information on the terms and risks associated with investing in Series 7 and Series 8 Shares.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.33%
Tags
none
-
Rhea-AI Summary
TC Energy (TRP) will release its first quarter 2024 financial results on May 3, 2024, and hold its annual and special meeting of common shareholders on June 4, 2024. The company's President and CEO, François Poirier, along with other executives, will discuss the financial results and Company developments. TC Energy also plans to spin off its Liquids Pipelines business into two independent, publicly listed companies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.25%
Tags
-
Rhea-AI Summary
TC Energy announces the departure of Joel Hunter, the Executive Vice-President and Chief Financial Officer, after over 26 years with the company. Sean O’Donnell, currently Senior Vice-President, Capital Markets and Corporate Planning, will succeed him effective May 15, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.88%
Tags
management
Rhea-AI Summary
TC Energy announces the decision not to redeem its Cumulative Redeemable First Preferred Shares, Series 7 on April 30, 2024. Shareholders have the option to retain their shares and receive a fixed rate quarterly dividend or convert them into Series 8 Shares with a floating rate quarterly dividend.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.7%
Tags
dividends

FAQ

What is the current stock price of TC Energy Corporation (TRP)?

The current stock price of TC Energy Corporation (TRP) is $44.86 as of October 7, 2024.

What is the market cap of TC Energy Corporation (TRP)?

The market cap of TC Energy Corporation (TRP) is approximately 46.8B.

What is TC Energy Corporation?

TC Energy Corporation is a leading energy infrastructure company operating natural gas, oil, and power generation assets in North America.

What are the primary business segments of TC Energy?

TC Energy operates in three primary business segments: natural gas pipelines, liquid pipelines, and energy.

How extensive is TC Energy's infrastructure?

TC Energy operates over 60,000 miles of oil and gas pipelines and has more than 650 billion cubic feet of natural gas storage capacity.

What recent corporate actions has TC Energy taken?

TC Energy announced a plan to spin off its Liquids Pipelines business into an independent company named South Bow Corporation.

How does TC Energy engage with stakeholders?

TC Energy takes a proactive, open, and collaborative approach, ensuring balanced consideration of safety, society, the environment, and economics.

What is the financial performance of TC Energy like?

TC Energy has consistently increased its common share dividends for 24 consecutive years and actively reports its financial results to stakeholders.

Where can I find more information about TC Energy’s financial results?

Financial results and updates are available on the TC Energy website, with webcasts and detailed reports accessible to the public.

How does TC Energy contribute to environmental sustainability?

TC Energy is dedicated to sustainable operations, focusing on energy conservation, efficiency, and reducing emissions from its assets.

Where are TC Energy shares traded?

TC Energy’s common shares are traded on the Toronto (TSX) and New York (NYSE) stock exchanges under the symbol TRP.

How can stakeholders participate in TC Energy’s upcoming meetings?

Details on participating in annual and special meetings, including virtual formats, are available on the TC Energy website.

TC Energy Corporation

NYSE:TRP

TRP Rankings

TRP Stock Data

46.83B
1.04B
0.04%
83.13%
1.8%
Oil & Gas Midstream
Energy
Link
United States of America
Calgary