Tc Energy Corporation Stock Price, News & Analysis

TC Energy Corporation (NYSE: TRP) declared a quarterly dividend of $0.93 per common share for the quarter ending March 31, 2023. The dividend is payable on April 28, 2023, to shareholders on record by March 31, 2023. Cumulative First Preferred Shares dividends include amounts ranging from $0.105875 to $0.3772760 per share, with payment dates extending to May 1, 2023. These dividends are eligible for tax credits under the Income Tax Act for Canadian residents. Additionally, a 2% discount on common shares through a Dividend Reinvestment Plan (DRP) was approved.

TC Energy Corporation (TRP) reported its fourth quarter results, indicating a record-setting year with comparable earnings per common share of $4.30 and comparable EBITDA of $9.9 billion. The Board has declared a 3.3% increase in the dividend to $0.93 per common share for Q1 2023, marking the twenty-third consecutive year of dividend increases. For 2023, comparable EBITDA is projected to be 5-7% higher than in 2022, with capital spending estimated between $11.5 to $12 billion. Despite strong operational performance, TC Energy faces challenges, such as an environmental remediation liability of $650 million and a cost increase for the Coastal GasLink pipeline project, now estimated at $14.5 billion.

TC Energy Corporation (TRP) has updated cost estimates for the Coastal GasLink Project, now projected at approximately $14.5 billion. This estimate arises from several cost pressures including labor shortages, contractor disputes, and adverse weather conditions. The company anticipates that project completion may extend into 2024, potentially increasing costs by an additional $1.2 billion. The project is currently 83% complete, with key milestones expected soon, including the introduction of natural gas at the Wilde Lake Compressor Facility. TC Energy also revised its 2023 capital expenditure outlook to $11.5-$12.0 billion, reflecting delays and increased costs.

TC Energy Corporation (TRP) will hold a teleconference on February 14, 2023, at 6:30 a.m. MST, to discuss its fourth quarter financial results, which will be released pre-market. Key executives, including President François Poirier and CFO Joel Hunter, will present insights on the company's financial performance and updates. Investors can join via phone or live webcast, and a replay will be available until February 21, 2023. TC Energy focuses on sustainable energy solutions and reducing emissions. The company aims to innovate and partner with communities for a cleaner energy future.

TC Energy Corporation (TRP) reaffirms its 2022-2026 financial outlook during the annual Investor Day. The company anticipates a comparable EBITDA growth of six percent and a dividend growth rate of three to five percent. They project a five to seven percent increase in 2023 EBITDA. Despite cost pressures in the Coastal GasLink Project leading to increased funding requirements, the company remains focused on delivering long-term shareholder value. 95% of projected EBITDA is secured under long-term contracts, providing stability against market fluctuations.

TC Energy Corporation (TRP) will host its annual Investor Day on November 29, 2022, where its senior executives will discuss operations, recent developments, and strategic outlook. The event will be streamed live at 7:55 a.m. EST. Participants can access the webcast through TC Energy's website, and a replay will be available afterward. The company emphasizes its commitment to sustainability and innovation in energy solutions, including natural gas, renewables, carbon capture, and hydrogen.

TC Energy Corporation (TRP) announced a quarterly dividend of $0.90 per common share for Q4 2022, payable on January 31, 2023, to shareholders of record by December 30, 2022. The Board also declared dividends on Cumulative First Preferred Shares, detailing payments across various series. All dividends are eligible under the Income Tax Act (Canada). Additionally, a two percent discount is offered under the Dividend Reinvestment Plan (DRP), allowing investors to choose common shares over cash dividends.

TC Energy Corporation (TRP) reported strong Q3 2022 results, with a 10% increase in comparable EBITDA and a 16% rise in segmented earnings compared to Q3 2021. This performance led to an upward revision of the 2022 EBITDA outlook by 4% over 2021. The company has a secured capital project portfolio of $34 billion, with expected annual dividend growth of 3-5%. Significant projects include the Louisiana XPress and Southeast Gateway pipeline, aimed at addressing North America’s energy demands. Net income attributable to common shares reached $0.84 per share, up from $0.80 in 2021.

TC Energy (NYSE: TRP) will hold a teleconference on Nov. 9, 2022, to discuss its third quarter financial results, available pre-market. The call features CEO François Poirier and CFO Joel Hunter, starting at 6:30 a.m. MST / 8:30 a.m. EST. Investors can join by calling 1-800-319-4610. A live webcast will also be available on TC Energy’s website. A replay will be accessible until Nov. 16, 2022. TC Energy emphasizes its commitment to sustainability and innovation in energy solutions, aiming to reduce emissions and invest in community partnerships.