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 Corporation has announced the retirement of Don Marchand as Chief Financial Officer (CFO), effective November 1, 2021. He will step down as CFO on July 31, 2021. Joel Hunter, currently Senior Vice-President of Capital Markets, will succeed him. Hunter has been with TC Energy for 24 years and is part of the Executive Leadership Team since January 2021. Bevin Wirzba will assume leadership of Strategy and Corporate Development activities effective June 1, 2021. The company emphasizes a strong commitment to its financial management and future growth.
On May 7, 2021, TC Energy held its annual meeting, where all 13 director nominees were elected. Notable votes included Stéphan Crétier receiving 99.56% support and Michael R. Culbert with 99.81%. Mary Pat Salomone garnered the lowest approval at 93.64%. The final voting results will be filed on SEDAR and EDGAR by May 11, 2021. TC Energy operates a reliable network of pipelines and power generation facilities across North America, trading under the symbol TRP on the TSX and NYSE.
TC Energy Corporation (TRP) announced a quarterly dividend of $0.87 per common share for the quarter ending June 30, 2021, payable on July 30, 2021. Shareholders of record by June 30, 2021, are eligible. Additionally, the company declared dividends for its Cumulative First Preferred Shares, with varying amounts payable on June 30 and July 30, 2021. Notably, the Series 13 Preferred Shares will be redeemed on May 31, 2021, marking the final dividend for those shares. All dividends are eligible dividends under Canadian tax legislation.
TC Energy Corporation (TRP) reported a net loss of $1.1 billion or $1.11 per share for Q1 2021, a significant drop from a net income of $1.1 billion or $1.22 per share in Q1 2020. The loss included a $2.2 billion after-tax impairment charge from the Keystone XL suspension. Comparable earnings were stable at $1.1 billion or $1.16 per share. The company announced a quarterly dividend of $0.87 per share and is advancing a $20 billion secured capital program, emphasizing resilience amidst market uncertainties.
TC Energy Corporation (NYSE: TRP) will host its 2021 annual meeting of common shareholders on May 7, 2021, at 10 a.m. MDT (12 p.m. EDT) via a virtual format due to COVID-19. The meeting will focus on shareholder engagement and public health safety, including a live Q&A session. Financial results for Q1 2021 will be released pre-market on the same day, followed by a conference call at 1 p.m. MDT (3 p.m. EDT) to discuss these results and company updates. Interested parties can join the call or watch it live on the company’s website.
HOUSTON, April 12, 2021 (GLOBE NEWSWIRE) -- TC Energy Corporation (NYSE: TRP) is issuing a Request for Information (RFI) to explore potential contract and investment opportunities in wind energy projects. The initiative aims to generate 2,500,000 megawatt hours annually, equating to 620 megawatts of zero-carbon energy for its U.S. pipeline assets. The RFI is non-binding and runs until May 10, 2021. The company seeks to leverage its expertise and existing assets of $100 billion to advance renewable energy goals and reduce emissions across North America.
TC Energy Corporation (NYSE: TRP) announced the redemption of its Cumulative Redeemable Minimum Rate Reset First Preferred Shares, Series 13 (TSX: TRP.PR.J) on May 31, 2021, at a price of $25.00 per share. A final quarterly dividend of $0.34375 per share is expected to be declared, payable on the same date to shareholders of record by May 17, 2021. Post-redemption, the Series 13 Shares will be delisted from the Toronto Stock Exchange and will no longer be eligible for dividends.
TC Energy Corporation announced the successful closing of a $500 million offering of 4.20% subordinated Trust Notes, Series 2021-A, due March 4, 2081. The offering was underwritten by a syndicate led by BMO Capital Markets and Scotiabank. Proceeds will be used to redeem the Series 13 Cumulative Redeemable Minimum Rate Reset First Preferred Shares and to reduce short-term indebtedness. The Trust Notes are not registered under U.S. securities laws and are not available for sale in the U.S.
TC Energy Corporation (TSX, NYSE: TRP) has successfully completed its merger with TC PipeLines, LP (TCP), transforming TCP into a wholly-owned subsidiary of TC Energy. The merger, approved by a majority of unitholders, aims to simplify corporate structure and enhance TC Energy’s stake in critical energy infrastructure. TCP unitholders will receive 0.70 common shares of TC Energy for each unit held. As a result, TCP common units will no longer trade on the NYSE. TC Energy’s shares continue to be listed on both the NYSE and TSX.
TC Pipelines, LP (NYSE:TCP) will be removed from the Tortoise MLP Index and Tortoise North American Pipeline Index following its merger with a subsidiary of TC Energy Corporation (NYSE:TRP). This change takes effect at the market open on March 3, 2021. TCP's removal from the Tortoise MLP Index is due to a special rebalancing triggered by the merger, while its removal from the Tortoise North American Pipeline Index does not require special rebalancing due to its current weight being below the threshold. The indices are managed by TortoiseEcofin, focusing on essential energy infrastructure.
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