CALGARY, Alberta, Sept. 10, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) is providing an update on its previously announced equity interest purchase transaction with an Indigenous-owned investment partnership (the Purchaser), which was formed to acquire a minority equity interest in the NGTL System and the Foothills Pipeline assets. The previously announced equity interest purchase transaction with the Purchaser has been delayed due to an identifi ...

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 Sou ...

CALGARY, Alberta, Aug. 28, 2024 (GLOBE NEWSWIRE) -- News Release — TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) announced today that South Bow Corporation (South Bow) has closed a notes offering of approximately $7.9 billion Canadian-dollar equivalent in aggregate principal amount (the Notes Offering) related to the spinoff of TC Energy's Liquids Pipelines business (the spinoff Transaction). Establishing the independent, investment-grade debt capital structure was met with strong market interest and i ...

TC Energy Corporation (TRP) announced that it has concluded the sale of the Portland Natural Gas Transmission System ("PNGTS") along with its partner Northern New England Investment Company, which is a subsidiary of Énergir LP. The gross purchase price for the deal was $1.14 billion, including outstanding Senior Notes worth $250 million (held by PNGTS), which will be assumed by the buyers as part of the sale. These Senior Notes were previously consolidated on TC Energy's balance sheet. The cash proceeds fro ...

Pre-tax cash equity proceeds of approximately $750 million (US$545 million) net to TC Energy Buyers assume approximately $345 (US$250) million of outstanding Senior Notes Advances toward $3 billion asset divestiture target in 2024 CALGARY, Alberta, Aug. 15, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) and its partner Northern New England Investment Company, Inc., a subsidiary of Énergir L.P. (Énergir), today announced the successful completion of ...

Dilok Klaisataporn/iStock via Getty Images All financial numbers in this article are in Canadian dollars unless noted otherwise. Introduction I believe I'm not breaking any news when I say I have become a huge fan of the midstream sector since the pandemic. Midstream companies, which own pipelines and related assets to support oil and gas production, have become some of the best places for income in the stock market. After all, unlike oil and gas producers, midstream companies have very low exposure to the ...

TC Energy Corporation (TRP) reported second-quarter 2024 adjusted earnings of 69 cents per share, which beat the Zacks Consensus Estimate of 65 cents. The bottom line decreased from 71 cents reported in the yearago period. This was due to the company's Liquids Pipelines units' weak performance. TRP's quarterly revenues of $3 billion outpaced the Zacks Consensus Estimate by $210 million. The figure also increased 4.7% year over year due to solid segmental performances from Canadian Natural Gas Pipelines, the ...

T C E N E R G Y 2 0 2 3 I N V E S T O R D A Y T C E N E R G Y S E C O N D Q U A R T E R 2 0 2 4 C O N F E R E N C E C A L L Second quarter 2024 conference call August 1, 2024 T C E N E R G Y 2 0 2 3 I N V E S T O R D A Y T C E N E R G Y S E C O N D Q U A R T E R 2 0 2 4 C O N F E R E N C E C A L L Call participants François Poirier – President and Chief Executive Officer Sean O'Donnell – Executive Vice-President and Chief Financial Officer Stanley G. Chapman, III – Executive Vice-President and Chief Operati ...

TC Energy Corporation (NYSE:TRP) Q2 2024 Earnings Conference Call Aug 0, 2024 8:30 AM ET Company Participants Gavin Wylie - Vice President of Investor Relations Francois Poirier - CEO, President & Director Sean O’Donnell - Executive VP & CFO Stan Chapman - Executive VP & COO of Natural Gas Pipelines Annesley Wallace - Executive VP of Strategy, Corporate Development and President of Power & Energy Solutions Conference Call Participants Praneeth Satish - Wells Fargo Theresa Chen - Barclays Ben Pham - BMO Robe ...

TC Energy (TRP) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.71 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 6.15%. A quarter ago, it was expected that this energy infrastructure company would post earnings of $0.83 per share when it actually produced earnings of $0.92, delivering a surprise of 10.84%. Over the last four quarter ...