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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 (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.
TC Energy Corporation has announced a $29.3 million investment in a renewable natural gas (RNG) production facility in Lynchburg, TN, marking its inaugural venture into RNG production. The facility, owned by Lynchburg Renewable Fuels LLC, is expected to produce RNG with a carbon intensity score 50% lower than conventional natural gas, potentially saving 16,000 tonnes of CO2e annually. Scheduled to become operational in 2024, the plant will convert biogas from the Jack Daniel Distillery into RNG and liquid fertilizer, contributing to local agriculture while enhancing TC Energy's low-carbon energy portfolio.
TC Energy Corporation (NYSE: TRP) is set to initiate pre-construction activities for the $146 million Saddlebrook Solar Project near Aldersyde, Alberta, aiming to generate 81 megawatts of energy—enough to power 20,000 homes annually. Supported by $10 million from Emissions Reduction Alberta, this marks TC Energy's first utility-scale solar project. Construction is expected to be completed in 2023, creating approximately 140 job opportunities during that phase. The project aligns with TC Energy's commitment to low-carbon energy solutions and sustainable development.
TC Energy Corporation (TSX: TRP) has successfully completed a public offering of 28.4 million common shares at $63.50 each, raising gross proceeds of approximately $1.8 billion. This offering was underwritten by RBC Capital Markets and Scotiabank, with an additional over-allotment option of 2.84 million shares. The funds will primarily support the construction of the Southeast Gateway Pipeline, a $4.5 billion project in Mexico, while temporarily using proceeds for debt reduction or liquid investments.
TC Energy Corporation (TSX: TRP) has announced a bought deal agreement to issue 28.4 million common shares at $63.50 each, raising gross proceeds of approximately $1.8 billion. An over-allotment option allows for an additional 2.84 million shares, potentially increasing total proceeds to around $2 billion. The funds will support the construction of the Southeast Gateway Pipeline, a $4.5 billion project in Mexico. The offering is expected to close by August 10, 2022, pending necessary approvals.
TC Energy Corporation has formed a strategic alliance with Mexico's Comisión Federal de Electricidad (CFE) to enhance natural gas infrastructure, expected to benefit millions with cleaner energy. The partnership consolidates existing pipeline assets under a single U.S. dollar-denominated Transportation Service Agreement (TSA) extending until 2055. Key developments include a US$4.5 billion Southeast Gateway Pipeline project, likely to boost TC Energy's secured capital program to US$33 billion and positively impact its EBITDA growth outlook.
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