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)

6-K - TC ENERGY CORP (0001232384) (Filer)

6-K - TC ENERGY CORP (0001232384) (Filer)

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

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

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.

Shareholders of TC Energy Corporation (NYSE:TRP) reportedly gave the green light to create a new energy infrastructure company called South Bow Corp, including assets such as the Keystone oil pipeline. The spin-off will allow TC Energy to reduce its debt and shift its focus to natural gas transportation, reported Reuters. South Bow Corp’s assets include around 4,900 kilometers of liquid pipelines linking Alberta and the U.S. oil sources to refining hubs in Illinois, Oklahoma, and Texas. At the annual general meeting, TC Energy CEO Francois Poirier stated, “Spinning off South Bow will allow both companies to maximize the value of their respective assets. Each company will have the ab

- Reuters

RBC Capital analyst Maurice Choy reiterates TC Energy (TSX:TRP) with a Outperform and maintains C$59 price target.

In its May 15, 2024 decision, the Court awarded the Columbia stockholders damages of US$398.4 million and has allocated responsibility for that award in the amount of 50 per cent to the former Columbia CEO and CFO, collectively, and 50 per cent to TC Energy. TC Energy continues to disagree with many of the Court's findings and believes the Court's ruling departs from established Delaware law. TC Energy's allocated share of the damages is US$199.2 million, plus an estimated US$179.5 million in pre- and post-judgment interest.

The Canada Energy Regulator (CER) reportedly issued an order to TC Energy Corp.’s (NYSE:TRP) NOVA Gas Transmission Ltd. (NGTL) to further reduce the operating pressure for the Grande Prairie Mainline gas pipeline in Alberta. As per the report, TC Energy said in a statement, “Currently we do not have any service restrictions on the NGTL System and we do not anticipate any service interruption to natural gas delivery.” Notably, NGTL is TC Energy's natural gas gathering and transportation system that transports gas produced in the Western Canadian Sedimentary Basin (WCSB) to markets in Canada and the U.S. In April, TC Energy disclosed its NGTL gas pipeline system in Alberta had rupture

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.

TC Energy Corporation (NYSE:TRP) shares are trading higher today. The company disclosed that its NGTL gas pipeline system in Alberta ruptured and caught fire on Tuesday. The fire occurred in a remote location which is around 40 kilometres northwest of Edson, Alta in Yellowhead County. As per Reuters, Canadian broadcaster Global News said “there was a plume of flames and smoke visible from many kilometres away.” Canada Energy Regulator (CER) said that they are sending inspectors to the area to monitor and oversee the company’s response and determine the impact of the incident. TC Energy said in the statement, “An initial ignition of natural gas at the rupture site is now extinguis

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

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

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 (i) the results of its previously announced seven separate offers (the "Offers") to purchase for cash the outstanding notes of the series listed in the table below (collectively, the "Notes") and (ii) that it has amended the Offers by increasing the Maximum Purchase Amount from US$1,750,000,000 to US$1,809,000,000, an amount sufficient to accept for purchase all Notes with Acceptance Priority Levels 1 – 5 in full, in accordance with the terms of the Ten

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 (i) the expiration of the previously announced separate offers (the "Offers") of TransCanada PipeLines Limited (the "Company"), a wholly-owned subsidiary of TC Energy, to purchase for cash up to C$350,000,000 in aggregate purchase price, excluding accrued and unpaid interest, (the "Maximum Purchase Amount") of its outstanding notes of the two series listed in the table below (collectively, the "Notes") at 5 p.m. (Toronto time) on Oc

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

Wells Fargo upgraded TC Energy from Underweight to Equal Weight

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

CALGARY, Alberta, July 11, 2024 (GLOBE NEWSWIRE) -- TC Energy Corporation ((TSX, NYSE:TRP) (TC Energy or the Company) will hold a teleconference and webcast on Thursday, Aug. 1, 2024, to discuss its second quarter financial results. François Poirier, TC Energy President and Chief Executive Officer, Sean O'Donnell, Executive Vice-President and Chief Financial Officer, and other members of the executive leadership team will discuss the financial results and Company developments at 6:30 a.m. MDT / 8:30 a.m. EDT. Members of the investment community and other interested parties are invited to participate by calling 1-844-763-8274 (Canada/U.S. toll free) or 1-647-484-8814 (International toll).

CALGARY, Alberta, June 04, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation ((TSX, NYSE:TRP) (TC Energy or the Company) is pleased to announce today that its shareholders voted to approve the spinoff of the Company's Liquids Pipelines business and elected TC Energy's Board of Directors at its 2024 annual and special meeting of shareholders. 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. "Today, our share