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.
TC Energy (TSX, NYSE: TRP) has filed its 2024 annual disclosure documents with Canadian securities authorities. The filing includes Audited Consolidated Financial Statements for the year ended Dec. 31, 2024, along with related Management's Discussion and Analysis (Annual Report), and the Company's Annual Information Form.
Additionally, TC Energy has submitted its Form 40-F to the United States Securities and Exchange Commission. All documents are accessible through sedarplus.ca, sec.gov (Form 40-F), and the Investors section of TC Energy's website. Shareholders can request free paper copies of the audited Consolidated Financial Statements by contacting the company.
TC Energy (TSX, NYSE: TRP) has announced its quarterly dividend declarations. The company will pay a dividend of $0.85 per common share for Q1 2025, payable on April 30, 2025, to shareholders of record as of March 31, 2025.
The Board also declared quarterly dividends on various series of Cumulative First Preferred Shares, with payments scheduled for March 31, 2025, and April 30, 2025. The dividends range from $0.105875 to $0.3740625 per share across different series.
All declared dividends qualify as eligible dividends under Canadian tax law, offering enhanced dividend tax credits for Canadian residents. Shareholders can participate in the Dividend Reinvestment and Share Purchase Plan (DRP), where common shares will be purchased on the Toronto Stock Exchange at 100% of the weighted average purchase price.
TC Energy (TRP) reported solid Q4 2024 results with comparable EBITDA from continuing operations increasing 6% year-over-year. The company achieved mechanical completion of the Southeast Gateway pipeline project 13% under budget at US$3.9 billion. Key financial highlights include Q4 2024 comparable earnings of $1.1 billion ($1.05 per share) and net income of $1.1 billion ($1.03 per share).
The Board approved a 3.3% increase in quarterly dividend to $0.85 per share, marking the 25th consecutive year of dividend growth. The 2025 outlook projects comparable EBITDA between $10.7-10.9 billion, with capital expenditures expected at $6.1-6.6 billion. Notable operational achievements include record deliveries in Canadian and U.S. Natural Gas Pipelines, with Bruce Power achieving 99% availability in Q4 2024.
TC Energy (TSX, NYSE: TRP) has announced it will release its fourth quarter 2024 financial results on February 14, 2025. The company will host a teleconference and webcast at 6:30 a.m. MST / 8:30 a.m. EST on the same day.
President and CEO François Poirier, Executive Vice-President and CFO Sean O'Donnell, along with other executive leadership team members, will discuss the financial results and company developments. Investors and interested parties can participate via phone or through a live webcast on TC Energy's website.
The conference call replay will be available until February 21, 2025. Participants can pre-register for the call to bypass the operator queue and receive calendar booking details with a unique PIN.
TC Energy announced the results of its preferred shares conversion elections. 42,200 of its 14,577,184 Series 1 Shares will convert to Series 2 Shares, while 3,889,020 of its 7,422,816 Series 2 Shares will convert to Series 1 Shares on December 31, 2024. After conversion, TC Energy will have 18,424,004 Series 1 Shares and 3,575,996 Series 2 Shares outstanding.
The Series 1 Shares will pay a fixed quarterly dividend at an annualized rate of 4.939%, while Series 2 Shares will pay a floating rate quarterly dividend, initially set at 5.401% for the period from December 31, 2024, to March 31, 2025. Both share classes will maintain their TSX listings under TRP.PR.A and TRP.PR.F symbols.
TC Energy (TRP) announced it will not redeem its Series 1 and Series 2 Preferred Shares on Dec. 31, 2024. Holders of Series 1 Shares can either retain their shares with a new fixed quarterly dividend rate of 4.939% (until Dec. 31, 2029) or convert to Series 2 Shares with a floating rate of 5.401% (until Mar. 31, 2025). Similarly, Series 2 shareholders can keep their shares at the floating rate or convert to Series 1 Shares. Conversion rights must be exercised by 5 p.m. EST on Dec. 16, 2024. If either series falls below one million shares after conversion, automatic conversion to the other series will occur.
TC Energy announces four new growth projects totaling $1.5 billion in capital expenditures at its 2024 Investor Day. The company expects 2025 comparable EBITDA of $10.7 to $10.9 billion. New projects include the $0.4 billion Pulaski Project, $0.4 billion Maysville Project, $0.3 billion Southeast Virginia Energy Storage Project, and Bruce Power's Project 2030. Coastal GasLink achieves commercial in-service status with a $199 million one-time payment expected. TC Energy projects 5-7% EBITDA growth through 2027, with 97% of outlook supported by rate-regulation and long-term contracts.
TC Energy (TSX, NYSE: TRP) announced it will host its annual Investor Day on Tuesday, Nov. 19, 2024. During the event, the company's senior leadership team will present TC Energy's 2025 strategic priorities, long-term strategic outlook, and growth objectives. The webcast will begin at 8 a.m. EST (6 a.m. MST) and will be available on TC Energy's website. A presentation copy and replay of the webcast will be accessible on the company's website after the event.
TC Energy (TSX, NYSE: TRP) has appointed two new independent directors to its Board. Scott Bonham, with extensive governance and finance experience in the technology sector, currently serves on boards of Loblaw Companies and Bank of Nova Scotia, and was co-founder of GGV Capital. Dawn Madahbee Leach, bringing Indigenous relations expertise, is General Manager of Waubetek Business and Chairperson of the National Indigenous Economic Development Board. Both appointments aim to strengthen TC Energy's strategic vision and long-term growth.
TC Energy (TSX, NYSE: TRP) has announced its quarterly dividend declarations. The Board declared a $0.8225 per common share dividend for Q4 2024, payable on January 31, 2025, to shareholders of record as of December 31, 2024. This reflects TC Energy's proportionate allocation following the spinoff Transaction. The company also declared quarterly dividends on various series of Cumulative First Preferred Shares, with different payment dates and amounts. The dividends are designated as eligible dividends for Canadian tax purposes, and shareholders can participate in the Dividend Reinvestment and Share Purchase Plan (DRP) at 100% of the weighted average purchase price on the Toronto Stock Exchange.
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