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TC Energy (TRP) Upgraded to Buy: Here's What You Should Know
ZACKS· 2025-04-21 17:00
Investors might want to bet on TC Energy (TRP) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Since a changin ...
TC Energy Completes Pipeline Repairs After Gas Leak Incident
ZACKS· 2025-04-15 10:55
TC Energy Corporation (TRP) recently announced that it completed repairs to a damaged segment of its ANR Pipeline system near Fennville, MI, last week.This comes after a natural gas leak prompted an emergency shutdown, which led to a temporary outage that impacted approximately 5,200 homes across the region.The ANR Pipeline, a critical artery in the U.S. energy grid, spans a staggering 9,367 miles (15,075 kilometers) and is capable of transporting more than 10 billion cubic feet of natural gas per day. This ...
TC Energy Retains the Canadian Mainline Amid U.S. Tensions
ZACKS· 2025-04-11 11:40
TC Energy Corporation (TRP) has reaffirmed its commitment to the Canadian Mainline, one of its most critical infrastructure assets, amid rising geopolitical risks and a renewed focus on energy security. It will neither sell nor convert the natural gas pipeline, citing its crucial role in the company’s portfolio and its fully contracted status.TC Energy anticipates that natural gas and electricity demand is expected to grow by 75% by 2035, fueled by expanding LNG exports and rising electricity needs from AI ...
TC Energy to issue first quarter 2025 results on May 1 and hold annual meeting of common shareholders on May 8
Newsfilter· 2025-04-10 21:00
Core Points - TC Energy Corporation will release its first quarter 2025 financial results on May 1, 2025, at 6:30 a.m. MDT / 8:30 a.m. EDT [1][2] - The 2025 annual meeting of common shareholders is scheduled for May 8, 2025, at 10 a.m. MDT / 12 p.m. EDT, and will be conducted in a virtual-only format [6][7] Financial Results Announcement - The financial results discussion will be led by TC Energy's President and CEO, François Poirier, and CFO, Sean O'Donnell, along with other executive team members [2] - Interested parties can participate in the call by dialing specific toll-free numbers or by pre-registering for the call [3][4] Annual Meeting Details - The 2025 Management Information Circular has been filed, providing details on the business of the meeting [6][7] - The virtual meeting will include a live question and answer session, which will be recorded for later replay [6] Company Overview - TC Energy operates a vast network of natural gas infrastructure and is involved in energy generation and storage, serving homes and businesses in North America and globally through LNG exports [8] - The company's common shares are traded on both the Toronto (TSX) and New York (NYSE) stock exchanges under the symbol TRP [9]
TC Energy to issue first quarter 2025 results on May 1 and hold annual meeting of common shareholders on May 8
GlobeNewswire· 2025-04-10 21:00
CALGARY, Alberta, April 10, 2025 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) will release its first quarter 2025 financial results on Thursday, May 1 at 6:30 a.m. MDT / 8:30 a.m. EDT and hold its 2025 annual meeting of common shareholders on Thursday, May 8, at 10 a.m. MDT / 12 p.m. EDT. First quarter 2025 financial resultsFrançois Poirier, TC Energy President and Chief Executive Officer, Sean O’Donnell, Executive Vice-President and Chief Financial Of ...
TC Energy Reports ANR Pipeline Leak, Warns Gas Outage May Last Days
ZACKS· 2025-04-10 18:40
Group 1: Incident Overview - TC Energy Corporation (TRP) detected a leak in the ANR pipeline system, leading to a shutdown of the pipeline on Wednesday near Fennville, MI [1] - The leak was caused by a third party, prompting TC Energy to shut down the affected section for safety reasons, resulting in a natural gas outage affecting approximately 5,200 homes in the region [2] - Repairs and maintenance on the damaged pipeline may cause the gas outage in Fennville to last for several days [2] Group 2: Pipeline System Details - TRP's ANR pipeline system transports over 10 billion cubic feet of natural gas per day and connects to major gas-producing basins in North America [3] - The pipeline spans approximately 9,300 miles, delivering natural gas to midwestern states in the United States [3] Group 3: Company Rankings and Comparisons - TRP currently holds a Zacks Rank 3 (Hold), indicating a neutral outlook [4] - Other better-ranked stocks in the energy sector include Archrock Inc. (AROC) with a Zacks Rank 1 (Strong Buy), and Nine Energy Service (NINE) and Kinder Morgan, Inc. (KMI) both with a Zacks Rank 2 (Buy) [4] Group 4: Competitor Insights - Archrock focuses on midstream natural gas compression and is expected to see sustained demand for its services due to the growing importance of natural gas in the energy transition [5] - Nine Energy Service provides onshore completion and production services across key basins in the U.S. and Canada, with anticipated growth due to sustained demand for oil and gas [6] - Kinder Morgan operates a stable business model driven by take-or-pay contracts, providing predictable earnings and reliable capital returns to shareholders [7]
Media Advisory: Setting a bold ambition, Canada could be the number one exporter of liquefied natural gas to Asia
Newsfilter· 2025-04-09 21:00
Core Viewpoint - TC Energy Corporation emphasizes the opportunity for Canada to enhance its economic sovereignty and become a global leader in liquefied natural gas (LNG) exports, particularly targeting Asian markets [1][2][3] Group 1: Event Details - François Poirier, President and CEO of TC Energy, will deliver a keynote address at the Canadian Club Toronto on April 10, 2025, focusing on Canada's potential to become a top LNG exporter [1][3] - The event is themed "Canada's Will to Win – Seizing a Generational Opportunity," highlighting the need to mobilize Canada's resource wealth for economic independence [2] Group 2: Company Overview - TC Energy operates with a team of over 6,500 professionals, managing a unique network of natural gas infrastructure assets that facilitate energy movement, generation, and storage [4] - The company is involved in LNG exports, connecting North America to global energy markets, and has strategic investments in power generation [4] Group 3: Market Position - TC Energy asserts that Canada has the potential to become the number one LNG exporter to Asia, beyond the current West Coast projects [2][3]
Energy CEOs to Canadian leaders: An urgent plan to strengthen economic sovereignty
GlobeNewswire· 2025-03-19 10:00
Core Viewpoint - An open letter from 14 CEOs of major pipeline and oil and natural gas companies emphasizes the urgent need for Canada to enhance its energy infrastructure and regulatory framework to strengthen economic sovereignty and respond to global energy security challenges [1][7]. Group 1: Industry Needs and Opportunities - Canadians recognize the necessity to expand the energy sector and build infrastructure, including new oil and natural gas pipelines and LNG export terminals [3]. - Canada possesses vast reserves of oil and natural gas, projected to remain significant energy sources for decades, allowing the country to meet domestic needs and export globally [4]. - The country can lead in global energy security by providing affordable, lower-emission energy produced democratically and responsibly [4]. Group 2: Regulatory and Policy Recommendations - The letter outlines five key actions for federal political leaders to facilitate the expansion of the oil and natural gas sector and energy infrastructure [6]. - Regulatory frameworks, such as the Impact Assessment Act and West Coast tanker ban, need to be simplified to promote development [8]. - The federal government should commit to firm deadlines for project approvals, aiming for major projects to be approved within six months of application [8]. Group 3: Investment and Collaboration - The federal government's unlegislated cap on emissions should be eliminated to allow the sector to reach its full production potential [8]. - The carbon levy on large emitters is deemed not globally competitive and should be repealed to enable provinces to establish more suitable carbon regulations [8]. - Indigenous co-investment opportunities should be incentivized through federal loan guarantees to enhance community prosperity and ensure benefits from development [8].
TC Energy Expects a Rise in Natural Gas Demand in 10 Years
ZACKS· 2025-03-14 14:05
Core Insights - TC Energy Corporation is shifting its focus towards the U.S. market due to expected growth in natural gas demand of 40 billion cubic feet per day over the next decade [1][3] - The U.S. market is seen as more stable and favorable for energy infrastructure development compared to Canada, which has a more complex regulatory environment [2][3][9] U.S. Market Focus - The company plans to expand its pipeline network in the U.S. to meet the anticipated increase in natural gas consumption [3][7] - CEO François Poirier expresses confidence in the long-term potential of the U.S. market despite ongoing trade tensions with Canada [4][9] Challenges in Canada - While Canada remains important, TC Energy faces regulatory hurdles that can delay projects, such as the Coastal GasLink pipeline expansion [5][6] - The company is hopeful for improvements in Canada's regulatory system to create future investment opportunities [6] Strategic Positioning - TC Energy's strategy is centered on capitalizing on the growing energy needs in North America, particularly in the U.S. [8][9] - The company aims to establish itself as a leader in the natural gas sector by expanding its infrastructure in response to increasing demand [8][9] Industry Comparisons - Other companies in the energy sector, such as Cheniere Energy, Targa Resources, and Kinder Morgan, are also focusing on expanding their infrastructure to meet rising natural gas demand in the U.S. [10][11][12] - Cheniere Energy is expanding its LNG plant in Texas, while Targa Resources and Kinder Morgan are enhancing their midstream capabilities to support increased production and transport of natural gas [10][11][12]
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Seeking Alpha· 2025-03-03 12:30
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