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 (TRP) announced a quarterly dividend of $0.90 per common share for the quarter ending September 30, 2022. This dividend is payable on October 31, 2022 to shareholders of record as of September 30, 2022. Additionally, several quarterly dividends were declared for Cumulative First Preferred Shares, including Series 1 at $0.2174375 per share payable on September 29, 2022. The dividends are eligible under the Income Tax Act in Canada, providing tax benefits for Canadian residents.
TC Energy Corporation (TRP) reported strong second-quarter results, with net income at $0.9 billion or $0.90 per share, reflecting solid utilization across its asset base. The company highlighted high demand for natural gas and significant progress in its Coastal GasLink project, now 70% complete, expected to be operational by late 2023. Comparable EBITDA for 2022 is anticipated to be modestly higher than in 2021, with total capital expenditures projected at $8.5 billion due to increased costs. The company's dividend remains robust at $0.90 per share, with an annual growth target of 3-5%.
TC Energy Corporation (NYSE: TRP) will host a teleconference on July 28, 2022, at 9 a.m. MDT to discuss its second quarter financial results, which will be released pre-market. Key executives, including President François Poirier and CFO Joel Hunter, will present financial results and company developments. Interested parties can join the call by calling 1-800-319-4610. A live webcast will also be available on their website. A replay will be accessible until midnight EDT on August 4, 2022. TC Energy focuses on sustainable energy solutions, including natural gas and renewables.
TC Energy Corporation has appointed Cheryl Campbell as a new independent director of its Board, effective June 7, 2022. Campbell brings a wealth of experience in the midstream energy sector, having previously served as Senior Vice-President at Xcel Energy, where she led the gas business unit. She also contributed to the U.S. Department of Transportation’s Gas Pipeline Advisory Committee. The company is optimistic about her insights from her extensive background in sustainability and risk management.
On April 29, 2022, TC Energy Corporation (NYSE: TRP) announced the election of 12 directors at its annual meeting. Notable outcomes include a strong majority of votes in favor for most nominees, with Michael R. Culbert receiving 99.64% support. Final voting results will be available on SEDAR and EDGAR by May 3, 2022. The company emphasizes its commitment to sustainable energy solutions, including natural gas and renewables. TC Energy is focused on innovative approaches to reduce emissions and assist other industries in their decarbonization efforts.
TC Energy has declared a quarterly dividend of $0.90 per common share for the quarter ending June 30, 2022, payable on July 29, 2022. The dividend is for shareholders of record on June 30, 2022. Additionally, the company announced dividends for its Cumulative First Preferred Shares, with various amounts payable between May 31 and August 2, 2022. The Series 15 preferred shares will be redeemed on May 31, 2022. All dividends are eligible under the Income Tax Act in Canada, providing an enhanced tax credit for Canadian residents.
TC Energy (TRP) reported its Q1 2022 results, showing net income of $0.4 billion, or $0.36 per common share, a stark contrast to a net loss of $1.1 billion in Q1 2021. Comparable earnings were $1.1 billion, maintaining 2021 levels. The company declared a quarterly dividend of $0.90 per share and expects 2022 EBITDA to be modestly higher than in 2021. Strong demand for energy infrastructure was highlighted, with the NGTL System experiencing record winter demand. The company is poised to sanction over $5 billion in new projects annually, backed by strategic partnerships.
TC Energy Corporation (TSX, NYSE: TRP) plans to establish a hydrogen production hub on 140 acres in Crossfield, Alberta, in collaboration with Nikola Corporation. The project aims to produce 60 tonnes of hydrogen daily, expandable to 150 tonnes, utilizing natural gas and CO2 capture technology for emissions reduction. A final investment decision is anticipated by the end of 2023, subject to regulatory approvals. This initiative emphasizes TC Energy's commitment to low-carbon energy solutions for various sectors, including transportation and industrial heating.
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