TC Energy Q1 2024 Adj EPS C$1.24 Beats C$1.14 Estimate, Sales C$4.234B Beat C$4.214B Estimate

5/3/24 6:42:32 AM ET

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TC Energy (NYSE:TRP) reported quarterly earnings of C$1.24 per share which beat the analyst consensus estimate of C$1.14 by 8.77 percent. This is a 2.48 percent increase over earnings of C$1.21 per share from the same period last year. The company reported quarterly sales of C$4.234 billion which beat the analyst consensus estimate of C$4.214 billion by 0.49 percent. This is a 7.79 percent increase over sales of C$3.928 billion the same period last year.

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Recent Analyst Ratings for
$TRP

Date	Rating	Analyst
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

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Leadership Updates

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TC Energy appoints two new independent directors
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
11/7/24 6:40:29 AM ET
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TC Energy announces Canada's largest Indigenous equity ownership agreement
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
7/30/24 7:30:40 AM ET
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TC Energy appoints Sean O'Donnell as Executive Vice-President and Chief Financial Officer
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
4/3/24 6:45:14 AM ET
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TC Energy's outlook highlights solid growth, low risk, repeatable performance at 2024 Investor Day
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
11/19/24 6:00:05 AM ET
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TC Energy 2024 Investor Day event to be webcast
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+
11/12/24 5:00:32 PM ET
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TC Energy appoints two new independent directors
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
11/7/24 6:40:29 AM ET
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$TRP
Market Insights

Live Market Insights

TC Energy Nears Stake Sale In NGTL Pipeline To Indigenous Groups: Report
TC Energy Corporation (NYSE:TRP) shares are trading higher today. The company is reportedly close to selling a stake in its natural gas pipeline system to indigenous communities in Western Canada, with support from Alberta’s government. A provincial agency has conditionally approved a C$1 billion ($726 million) loan guarantee to help the indigenous consortium finance the purchase, which includes communities from Alberta, British Columbia, and Saskatchewan, reported Bloomberg. Related: TC Energy’s NGTL Pipeline Faces Pressure Reduction Order Despite Repaired Rupture: Report The transaction is part of TC Energy’s asset sales strategy to cut debt following significant cost overruns on
7/24/24 11:44:10 AM ET
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TC Energy Faces Setback In Pursuit Of NAFTA Damages: Details
TC Energy Corporation (NYSE:TRP) shares are trading slightly lower premarket today. The company expressed disappointment after the Tribunal overseeing its claim for over $15 billion in damages has determined in a jurisdictional ruling that the claim cannot proceed. The claims resulted from the January 20, 2021 revocation of the Presidential Permit for the Keystone XL Project. The Tribunal’s decision, based on Annex 14-C of the USMCA replacing NAFTA on July 1, 2020, found that while investments under NAFTA were protected until July 1, 2023, this protection applies only to breaches occurring before July 1, 2020. Thus, the Tribunal concluded it lacked jurisdiction to determine if revo
7/17/24 6:56:51 AM ET
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TC Energy Says Shareholders Voted To Approve Spinoff Of Liquids Pipelines Business
TC Energy shareholders voted in favour of the Arrangement Resolution, pursuant to which, among other things, TC Energy shareholders will receive one new common share of TC Energy and 0.2 of a common share in a new public company named South Bow Corporation (South Bow), in exchange for each common share of TC Energy held.
6/4/24 5:04:06 PM ET
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TC Energy declares quarterly dividends
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
11/7/24 6:35:38 AM ET
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TC Energy reports solid third quarter 2024 operating and financial results
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
11/7/24 6:30:12 AM ET
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TC Energy lists Series 10 Preferred Shares
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
10/30/24 7:30:14 AM ET
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TC Energy Q1 2024 Adj EPS C$1.24 Beats C$1.14 Estimate, Sales C$4.234B Beat C$4.214B Estimate

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Recent Analyst Ratings for
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Large Ownership Changes

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Amendment: SEC Form SC 13G/A filed by TC Energy Corporation

SEC Form SC 13G filed by TC Energy Corporation

Amendment: SEC Form SC 13G/A filed by TC Energy Corporation

$TRP
Leadership Updates

Live Leadership Updates

TC Energy appoints two new independent directors

TC Energy announces Canada's largest Indigenous equity ownership agreement

TC Energy appoints Sean O'Donnell as Executive Vice-President and Chief Financial Officer

$TRP
SEC Filings

SEC Form 6-K filed by TC Energy Corporation

SEC Form 6-K filed by TC Energy Corporation

SEC Form 6-K filed by TC Energy Corporation

$TRP
Press Releases

Fastest customizable press release news feed in the world

TC Energy's outlook highlights solid growth, low risk, repeatable performance at 2024 Investor Day

TC Energy 2024 Investor Day event to be webcast

TC Energy appoints two new independent directors

$TRP
Market Insights

Live Market Insights

TC Energy Nears Stake Sale In NGTL Pipeline To Indigenous Groups: Report

TC Energy Faces Setback In Pursuit Of NAFTA Damages: Details

TC Energy Says Shareholders Voted To Approve Spinoff Of Liquids Pipelines Business

$TRP
Analyst Ratings

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TC Energy upgraded by Morgan Stanley

TC Energy upgraded by JP Morgan

TC Energy upgraded by UBS

$TRP
Financials

Live finance-specific insights

TC Energy declares quarterly dividends

TC Energy reports solid third quarter 2024 operating and financial results

TC Energy lists Series 10 Preferred Shares

TC Energy Q1 2024 Adj EPS C$1.24 Beats C$1.14 Estimate, Sales C$4.234B Beat C$4.214B Estimate

Chat with this insight

Recent Analyst Ratings for $TRP

$TRP Large Ownership Changes

This live feed shows all institutional transactions in real time.

Amendment: SEC Form SC 13G/A filed by TC Energy Corporation

SEC Form SC 13G filed by TC Energy Corporation

Amendment: SEC Form SC 13G/A filed by TC Energy Corporation

$TRP Leadership Updates

Live Leadership Updates

TC Energy appoints two new independent directors

TC Energy announces Canada's largest Indigenous equity ownership agreement

TC Energy appoints Sean O'Donnell as Executive Vice-President and Chief Financial Officer

$TRP SEC Filings

SEC Form 6-K filed by TC Energy Corporation

SEC Form 6-K filed by TC Energy Corporation

SEC Form 6-K filed by TC Energy Corporation

$TRP Press Releases

Fastest customizable press release news feed in the world

TC Energy's outlook highlights solid growth, low risk, repeatable performance at 2024 Investor Day

TC Energy 2024 Investor Day event to be webcast

TC Energy appoints two new independent directors

$TRP Market Insights

Live Market Insights

TC Energy Nears Stake Sale In NGTL Pipeline To Indigenous Groups: Report

TC Energy Faces Setback In Pursuit Of NAFTA Damages: Details

TC Energy Says Shareholders Voted To Approve Spinoff Of Liquids Pipelines Business

$TRP Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

TC Energy upgraded by Morgan Stanley

TC Energy upgraded by JP Morgan

TC Energy upgraded by UBS

$TRP Financials

Live finance-specific insights

TC Energy declares quarterly dividends

TC Energy reports solid third quarter 2024 operating and financial results

TC Energy lists Series 10 Preferred Shares

Recent Analyst Ratings for
$TRP

$TRP
Large Ownership Changes

$TRP
Leadership Updates

$TRP
SEC Filings

$TRP
Press Releases

$TRP
Market Insights

$TRP
Analyst Ratings

$TRP
Financials