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) operates critical energy infrastructure across North America, including natural gas pipelines, oil transportation networks, and power generation facilities. This page aggregates official company announcements, regulatory updates, and strategic developments for investors and industry observers.
Access timely updates on earnings reports, infrastructure projects, and operational milestones directly from the source. Our curated collection ensures you stay informed about pipeline safety initiatives, regulatory compliance actions, and market expansion efforts without promotional bias.
Content includes press releases covering capital investments, environmental stewardship programs, and partnership announcements. Bookmark this page for continuous access to TRP's latest financial disclosures, maintenance updates, and energy transition strategies shaping North America's energy landscape.
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.
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.
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.
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.
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.
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.
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