TC Energy Corporation operates as an energy infrastructure company in North America. It operates through Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, and Power and Storage segments. The company builds and operates 93,400 km network of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses. It also has regulated natural gas storage facilities with a total working gas capacity of 535 billion cubic feet. In addition, it has approximately 4,900 km liquids pipeline system that connects Alberta crude oil supplies to refining markets in Illinois, Oklahoma, Texas, and the U.S. Gulf Coast. Further, the company owns or has interests in seven power generation facilities with a combined capacity of approximately 4,200 megawatts that are powered by natural gas and nuclear fuel sources located in Alberta, Ontario, Québec, and New Brunswick; and owns and operates approximately 118 billion cubic feet of non-regulated natural gas storage capacity in Alberta. The company was formerly known as TransCanada Corporation and changed its name to TC Energy Corporation in May 2019. TC Energy Corporation was incorporated in 1951 and is headquartered in Calgary, Canada.
IPO Year:
Exchange: NYSE
Website: tcenergy.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/15/2025 | Buy | TD Securities | |
| 10/25/2024 | Underweight → Overweight | Morgan Stanley | |
| 10/14/2024 | Neutral → Overweight | JP Morgan | |
| 9/30/2024 | Neutral → Buy | UBS | |
| 7/17/2024 | Equal Weight → Overweight | Barclays | |
| 2/27/2024 | Hold | Jefferies | |
| 1/18/2024 | Buy | Stifel | |
| 10/25/2023 | Equal Weight → Overweight | Wells Fargo | |
| 10/17/2023 | Underperform → Peer Perform | Wolfe Research | |
| 10/6/2023 | $28.00 | Sell | Goldman |
TD Securities initiated coverage of TC Energy with a rating of Buy
Morgan Stanley upgraded TC Energy from Underweight to Overweight
JP Morgan upgraded TC Energy from Neutral to Overweight
UBS upgraded TC Energy from Neutral to Buy
Barclays upgraded TC Energy from Equal Weight to Overweight
Jefferies initiated coverage of TC Energy with a rating of Hold
Stifel initiated coverage of TC Energy with a rating of Buy
Wells Fargo upgraded TC Energy from Equal Weight to Overweight
Wolfe Research upgraded TC Energy from Underperform to Peer Perform
Goldman resumed coverage of TC Energy with a rating of Sell and set a new price target of $28.00
CALGARY, Alberta, Dec. 23, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX:TRP) (NYSE:TRP) (TC Energy or the Company) today announced that 42,200 of its 14,577,184 fixed rate Cumulative Redeemable First Preferred Shares, Series 1 (Series 1 Shares) have been elected for conversion on Dec. 31, 2024, on a one-for-one basis, into floating rate Cumulative Redeemable First Preferred Shares, Series 2 (Series 2 Shares); and 3,889,020 of its 7,422,816 Series 2 Shares have been elected for conversion, on a one-for-one basis, into Series 1 Shares. As a result of the conversions, TC Energy will have 18,424,004 Series 1 Shares and 3,575,996 Series 2 Shares issued and outstanding. Th
CALGARY, Alberta, Dec. 02, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX:TRP) (NYSE:TRP) (TC Energy) today announced that it does not intend to exercise its right to redeem its Cumulative Redeemable First Preferred Shares, Series 1 (Series 1 Shares) and Cumulative Redeemable First Preferred Shares, Series 2 (Series 2 Shares) on Dec. 31, 2024. As a result, subject to certain conditions: (a) the holders of Series 1 Shares have the right to choose one of the following options with regard to their shares: 1. to retain any or all of their Series 1 Shares and continue to receive a fixed rate quarterly dividend; or 2. to convert, on a one-for-one basis, any or all of t
2025 comparable EBITDA(1) expected to be approximately $10.7 to $10.9 billionAnnounced four new growth projects, totaling approximately $1.5 billion of gross capital expenditures, aligned with increasing demand for natural gas and nuclear power generation CALGARY, Alberta, Nov. 19, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation ((TSX, NYSE:TRP) (TC Energy or the Company) will host its Investor Day today. The event will outline TC Energy's strategic vision and growth outlook, highlighting the Company's position as a leading North American energy infrastructure company. François Poirier, TC Energy's President and Chief Executive Officer commented, "With natural gas and ele
CALGARY, Alberta, Nov. 12, 2024 (GLOBE NEWSWIRE) -- TC Energy Corporation ((TSX, NYSE:TRP) (TC Energy or the Company) will host its annual Investor Day on Tuesday, Nov. 19, 2024. Members of TC Energy's senior leadership team will demonstrate the Company's 2025 strategic priorities, long-term strategic outlook and growth objectives. The event will be webcast (video) beginning at 8 a.m. EST (6 a.m. MST). Interested parties may view the webcast available on TC Energy's website at Investor Day 2024 (tcenergy.com). A copy of the presentation and the webcast, which will be archived and accessible for replay, will be available on the website. About TC EnergyWe're a team of 7,000+
CALGARY, Alberta, Nov. 07, 2024 (GLOBE NEWSWIRE) -- News Release - TC Energy Corporation ((TSX, NYSE:TRP) (TC Energy) is pleased to announce the appointment of two new independent directors, Scott Bonham and Dawn Madahbee Leach, to the Board of Directors. Mr. Bonham brings extensive governance, finance, and leadership experience, notably in the technology sector. He has served on the boards of multiple private and public companies, including his current board appointments with Loblaw Companies Limited and the Bank of Nova Scotia. Prior to this, he was co-founder of GGV Capital, an expansion stage venture capital firm, where he played a pivotal role in the firm's expansion and growth f
CALGARY, Alberta, Nov. 07, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation ((TSX, NYSE:TRP) (TC Energy or the Company) today announced that its Board of Directors (Board) declared a quarterly dividend of $0.8225 per common share for the quarter ending Dec. 31, 2024, on the Company's outstanding common shares. The dividend declared reflects TC Energy's proportionate allocation following the spinoff Transaction. The common share dividend is payable on Jan. 31, 2025, to shareholders of record at the close of business on Dec. 31, 2024. The Board also declared quarterly dividends on the outstanding Cumulative First Preferred Shares as follows: For the period up to but excluding
Southeast Gateway makes significant progress toward completion with estimated capital expenditures11 per cent lower to US$3.9 to US$4.1 billionOverall net capital expenditure outlook for 2024 revised eight per cent lower to $7.4 to $7.7 billion reflecting project execution and optimization CALGARY, Alberta, Nov. 07, 2024 (GLOBE NEWSWIRE) -- TC Energy Corporation ((TSX, NYSE:TRP) (TC Energy or the Company) released its third quarter results today. François Poirier, TC Energy's President and Chief Executive Officer commented, "Following strong asset performance driven by our focus on safety and operational excellence and reflecting the increase in segmented earnings during the first nine mo
CALGARY, Alberta, Oct. 30, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation ((TSX, NYSE:TRP) (TC Energy or the Company) today announced that 1,297,203 of its 18,000,000 fixed rate Cumulative Redeemable First Preferred Shares, Series 9 (Series 9 Shares) were tendered for conversion today, on a one-for-one basis, into floating rate Cumulative Redeemable First Preferred Shares, Series 10 (Series 10 Shares). As a result of the conversion, TC Energy has 16,702,797 Series 9 Shares and 1,297,203 Series 10 Shares issued and outstanding. The Series 9 Shares will continue to be listed on the Toronto Stock Exchange (TSX) under the symbol TRP.PR.E. The Series 10 Shares will begin trading
CALGARY, Alberta, Oct. 23, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation ((TSX, NYSE:TRP) (TC Energy or the Company) today announced that 1,297,203 of its 18,000,000 fixed rate Cumulative Redeemable First Preferred Shares, Series 9 (Series 9 Shares) have been elected for conversion on a one-for-one basis into floating rate Cumulative Redeemable First Preferred Shares, Series 10 (Series 10 Shares) effective on Oct. 30, 2024. As a result, on Oct. 30, 2024, TC Energy will have 16,702,797 Series 9 Shares and 1,297,203 Series 10 Shares issued and outstanding. The Series 9 Shares and Series 10 Shares will be listed on the Toronto Stock Exchange under the symbols TRP.PR.E and TRP.
NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWSWIRE SERVICES (SEE "OFFER AND DISTRIBUTION RESTRICTIONS" BELOW). CALGARY, Alberta, Oct. 09, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation ((TSX, NYSE:TRP) ("TC Energy") today announced that TransCanada PipeLines Limited (the "Company"), a wholly-owned subsidiary of TC Energy, has released the pricing terms of its previously announced separate offers (the "Offers") to purchase for cash up to C$575,000,000 in aggregate principal amount of its 4.180% Senior Notes due 2048 (the "2048 Notes") and its 3.390% Senior Notes due 2028 (the "2028 Notes", and together with the 2048 Notes, the "Notes"). The Offers The Offers wer
SC 13G/A - TC ENERGY CORP (0001232384) (Subject)
SC 13G - TC ENERGY CORP (0001232384) (Subject)
SC 13G/A - TC ENERGY CORP (0001232384) (Subject)
SC 13G/A - TC ENERGY CORP (0001232384) (Subject)
SC 13G/A - TC ENERGY CORP (0001232384) (Subject)
SC 13G/A - TC ENERGY CORP (0001232384) (Subject)
SC 13G - TC ENERGY CORP (0001232384) (Subject)
SC 13G - TC ENERGY CORP (0001232384) (Subject)
SC 13G/A - TC ENERGY CORP (0001232384) (Subject)
SC 13G - TC ENERGY CORP (0001232384) (Subject)
CALGARY, Alberta, Dec. 23, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX:TRP) (NYSE:TRP) (TC Energy or the Company) today announced that 42,200 of its 14,577,184 fixed rate Cumulative Redeemable First Preferred Shares, Series 1 (Series 1 Shares) have been elected for conversion on Dec. 31, 2024, on a one-for-one basis, into floating rate Cumulative Redeemable First Preferred Shares, Series 2 (Series 2 Shares); and 3,889,020 of its 7,422,816 Series 2 Shares have been elected for conversion, on a one-for-one basis, into Series 1 Shares. As a result of the conversions, TC Energy will have 18,424,004 Series 1 Shares and 3,575,996 Series 2 Shares issued and outstanding. Th
CALGARY, Alberta, Dec. 02, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX:TRP) (NYSE:TRP) (TC Energy) today announced that it does not intend to exercise its right to redeem its Cumulative Redeemable First Preferred Shares, Series 1 (Series 1 Shares) and Cumulative Redeemable First Preferred Shares, Series 2 (Series 2 Shares) on Dec. 31, 2024. As a result, subject to certain conditions: (a) the holders of Series 1 Shares have the right to choose one of the following options with regard to their shares: 1. to retain any or all of their Series 1 Shares and continue to receive a fixed rate quarterly dividend; or 2. to convert, on a one-for-one basis, any or all of t
CALGARY, Alberta, Nov. 07, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation ((TSX, NYSE:TRP) (TC Energy or the Company) today announced that its Board of Directors (Board) declared a quarterly dividend of $0.8225 per common share for the quarter ending Dec. 31, 2024, on the Company's outstanding common shares. The dividend declared reflects TC Energy's proportionate allocation following the spinoff Transaction. The common share dividend is payable on Jan. 31, 2025, to shareholders of record at the close of business on Dec. 31, 2024. The Board also declared quarterly dividends on the outstanding Cumulative First Preferred Shares as follows: For the period up to but excluding
Southeast Gateway makes significant progress toward completion with estimated capital expenditures11 per cent lower to US$3.9 to US$4.1 billionOverall net capital expenditure outlook for 2024 revised eight per cent lower to $7.4 to $7.7 billion reflecting project execution and optimization CALGARY, Alberta, Nov. 07, 2024 (GLOBE NEWSWIRE) -- TC Energy Corporation ((TSX, NYSE:TRP) (TC Energy or the Company) released its third quarter results today. François Poirier, TC Energy's President and Chief Executive Officer commented, "Following strong asset performance driven by our focus on safety and operational excellence and reflecting the increase in segmented earnings during the first nine mo
CALGARY, Alberta, Oct. 30, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation ((TSX, NYSE:TRP) (TC Energy or the Company) today announced that 1,297,203 of its 18,000,000 fixed rate Cumulative Redeemable First Preferred Shares, Series 9 (Series 9 Shares) were tendered for conversion today, on a one-for-one basis, into floating rate Cumulative Redeemable First Preferred Shares, Series 10 (Series 10 Shares). As a result of the conversion, TC Energy has 16,702,797 Series 9 Shares and 1,297,203 Series 10 Shares issued and outstanding. The Series 9 Shares will continue to be listed on the Toronto Stock Exchange (TSX) under the symbol TRP.PR.E. The Series 10 Shares will begin trading
CALGARY, Alberta, Oct. 01, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation ((TSX, NYSE:TRP) (TC Energy or the Company) today announced that it does not intend to exercise its right to redeem its Cumulative Redeemable First Preferred Shares, Series 9 (Series 9 Shares) on Oct. 30, 2024. As a result, subject to certain conditions, the holders of Series 9 Shares have the right to choose one of the following options regarding their shares: to retain any or all of their Series 9 Shares and continue to receive a fixed rate quarterly dividend, orto convert, on a one-for-one basis, any or all of their Series 9 Shares into Cumulative Redeemable First Preferred Shares, Series 10 (Ser
Company solidifies its position as an industry-leading natural gas infrastructure and power and energy solutions company Third quarter 2024 results to be issued on Nov. 7, 2024Will demonstrate strategic vision and outlook at Investor Day on Nov. 19, 2024 CALGARY, Alberta, Oct. 01, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation ((TSX, NYSE:TRP) (TC Energy or the Company) today announced that it has completed the spinoff of its Liquids Pipelines business into South Bow Corporation (South Bow). "Today is a pivotal moment for TC Energy's future, one that delivers progress on a strategic priority and our commitment to shareholders to maximize the value of our assets," said Fr
CALGARY, Alberta, Sept. 09, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation ((TSX, NYSE:TRP) (TC Energy or the Company) today announced the setting of the distribution record date of Sept. 25, 2024 for the previously announced spinoff of TC Energy's Liquids Pipelines business into South Bow Corporation (South Bow), by way of a plan of arrangement (the Arrangement). Pursuant to the Arrangement, TC Energy shareholders will retain their interest in TC Energy and receive a pro rata interest in South Bow, as further described in the management information circular of TC Energy dated April 10, 2024. The spinoff has received the requisite tax rulings in Canada and the U.S., as wel
CALGARY, Alberta, Aug. 01, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation ((TSX, NYSE:TRP) (TC Energy or the Company) today announced that its Board of Directors (Board) declared a quarterly dividend of $0.96 per common share for the quarter ending Sept. 30, 2024, on the Company's outstanding common shares. The common share dividend is payable on Oct. 31, 2024, to shareholders of record at the close of business on Sept. 27, 2024. The Board also declared quarterly dividends on the outstanding Cumulative First Preferred Shares as follows: For the period up to but excluding Sept. 27, 2024, payable on Sept. 27, 2024, to shareholders of record at the close of business on Sept.
CALGARY, Alberta, Aug. 01, 2024 (GLOBE NEWSWIRE) -- TC Energy Corporation ((TSX, NYSE:TRP) (TC Energy or the Company) released its second quarter results today. François Poirier, TC Energy's President and Chief Executive Officer commented, "During the first six months of 2024, we delivered 10 per cent year-over-year growth in comparable EBITDA1 and approximately 35 per cent growth in segmented earnings." Poirier continued, "We continued to advance multiple strategic initiatives aimed at maximizing the long-term value of our assets and furthering our deleveraging efforts. We announced a historic equity ownership agreement that will enable Indigenous Communities to become owners in the NGTL
6-K - TC ENERGY CORP (0001232384) (Filer)
6-K - TC ENERGY CORP (0001232384) (Filer)
6-K - TC ENERGY CORP (0001232384) (Filer)
6-K - TC ENERGY CORP (0001232384) (Filer)
6-K - TC ENERGY CORP (0001232384) (Filer)
6-K - TC ENERGY CORP (0001232384) (Filer)
6-K - TC ENERGY CORP (0001232384) (Filer)
6-K/A - TC ENERGY CORP (0001232384) (Filer)
6-K - TC ENERGY CORP (0001232384) (Filer)
6-K - TC ENERGY CORP (0001232384) (Filer)
CALGARY, Alberta, Nov. 07, 2024 (GLOBE NEWSWIRE) -- News Release - TC Energy Corporation ((TSX, NYSE:TRP) (TC Energy) is pleased to announce the appointment of two new independent directors, Scott Bonham and Dawn Madahbee Leach, to the Board of Directors. Mr. Bonham brings extensive governance, finance, and leadership experience, notably in the technology sector. He has served on the boards of multiple private and public companies, including his current board appointments with Loblaw Companies Limited and the Bank of Nova Scotia. Prior to this, he was co-founder of GGV Capital, an expansion stage venture capital firm, where he played a pivotal role in the firm's expansion and growth f
TC Energy's NGTL System compressor station and pipeline right-of-way near Nordegg, Alta. CALGARY, Alberta, July 30, 2024 (GLOBE NEWSWIRE) -- TC Energy Corporation ((TSX, NYSE:TRP) (TC Energy or the Company) is pleased to announce an equity interest purchase agreement (Agreement) with an Indigenous-owned investment partnership for a minority equity interest of 5.34 per cent in the NGTL System and the Foothills Pipeline assets (together, Partnership Assets) for a gross purchase price of $1 billion. The Agreement is backed by the Alberta Indigenous Opportunities Corporation (AIOC) and was negotiated by a consortium committee (Consortium) representing specific Indigenous Communities (Commu
CALGARY, Alberta, April 03, 2024 (GLOBE NEWSWIRE) -- – News Release – TC Energy Corporation ((TSX, NYSE:TRP) (TC Energy or the Company) announced today that the Board of Directors has appointed Sean O'Donnell, currently Senior Vice-President, Capital Markets and Corporate Planning, to succeed Joel Hunter as Executive Vice-President and Chief Financial Officer (CFO) effective May 15, 2024. Mr. Hunter will remain with the Company until July 1, 2024, to support the Company's 2024 strategic priorities, including the intended spinoff of South Bow, while working closely with Mr. O'Donnell to ensure a smooth transition. The appointment of Mr. O'Donnell follows Mr. Hunter's decision to leave the
CALGARY, Alberta, Nov. 08, 2023 (GLOBE NEWSWIRE) -- TC Energy Corporation ((TSX, NYSE:TRP) (TC Energy or the Company) today announced on behalf of its Board of Directors (the Board) that John E. Lowe will be appointed as Chair of the Board, effective Jan. 1, 2024. Delivering on his commitment to align with TC Energy's revised governance guidelines regarding board commitments as outlined in the 2023 Management Information Circular, Siim A. Vanaselja will step down as Board Chair of the Company effective Dec. 31, 2023. Mr. Vanaselja joined the Board of Directors in 2014 and was appointed as Board Chair in 2017. He will continue to serve as a valued member of the Board to ensure an orderly s
CALGARY, Alberta, June 07, 2022 (GLOBE NEWSWIRE) -- News Release - TC Energy Corporation ((TSX, NYSE:TRP) (TC Energy) is pleased to announce the appointment of Cheryl Campbell as a new independent director to the Board of Directors effective June 7, 2022. Ms. Campbell brings extensive experience in the midstream energy sector, with expertise in operations in both regulated and unregulated environments, as well as in sustainability and risk management. She previously worked as a Senior Vice-President of Xcel Energy, Inc. where she led their gas business unit. Ms. Campbell also formerly served on the U.S. Department of Transportation's Gas Pipeline Advisory Committee, providing guidance to
CALGARY, Alberta, June 14, 2021 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation ((TSX, NYSE:TRP) (TC Energy) today announced the appointment of a new independent director, William D. (Bill) Johnson, effective June 14, 2021. Mr. Johnson brings extensive experience in the energy sector to TC Energy's Board of Directors. Mr. Johnson served as President and Chief Executive Officer of PG&E Corporation from 2019-2020; President and Chief Executive Officer of Tennessee Valley Authority from 2013 to 2019; Chairman, President and Chief Executive Officer of Progress Energy, Inc. (Progress) from 2007 to 2012; and also held varying leadership roles with increasing responsibility from 1992 to
CALGARY, Alberta, May 17, 2021 (GLOBE NEWSWIRE) -- TC Energy Corporation ((TSX, NYSE:TRP) (TC Energy or the Company) today announced that Don Marchand, Executive Vice-President, Strategy & Corporate Development and Chief Financial Officer (CFO), will retire from the Company on November 1, 2021, stepping down as CFO July 31, 2021. Joel Hunter, currently Senior Vice-President, Capital Markets, will succeed Mr. Marchand as Executive Vice-President and CFO. Mr. Marchand will assist Mr. Hunter with the transition from August through to November. "As a longstanding member of our senior management team, Don has had a significant impact on our Company's strategic direction, growth and financial