TC Energy Corporation (NYSE:TRP) Q1 2022 Results Conference Call April 29, 2022 3:00 PM ET Company Participants Gavin Wylie - Vice President, Investor Relations François Poirier - President and Chief Executive Officer Joel Hunter - Executive Vice President and Chief Financial Officer Stan Chapman - President, U.S. and Mexico Natural Gas Pipelines Bevin Wirzba - Executive Vice President, Strategy and Corporate Development and Group Executive, Canadian Natural Gas and Liquids Pipelines Corey Hessen - Presiden ...

| --- | --- | --- | --- | --- | |------------------------------------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | First quarter 2022 conference call | | | | | | | | | | | | APRIL 29, 2022 | | | | | Forward-looking information and non-GAAP measures This presentation includes certain forward-looking information, including, but not limited to, statements related to future dividend and earnings growth, future EBITDA growth, the future growth of our core businesses, the sus ...

Financial Data and Key Metrics Changes - In 2021, comparable earnings reached a record $4.2 billion or $4.27 per common share, compared to $3.9 billion or $4.20 per share in 2020, reflecting a strong operational performance despite a weaker U.S. dollar impacting EBITDA by approximately $400 million [14][30] - Comparable EBITDA for the fourth quarter was $2.4 billion, a 3% increase from $2.3 billion in the same period in 2020 [31] - Net income attributable to common shares for Q4 2021 was $1.1 billion or $1.14 per share, consistent with the previous year's $1.1 billion or $1.20 per share [29] Business Line Data and Key Metrics Changes - U.S. Gas Pipelines' comparable EBITDA increased due to higher earnings from Columbia Gas, attributed to increased transportation rates effective February 1, 2021 [32] - Liquids Pipelines' comparable EBITDA declined mainly due to lower volumes on the U.S. Gulf Coast section of the Keystone Pipeline System [32] - The Power and Storage segment's comparable EBITDA is expected to remain consistent with 2021, with Bruce Power equity income anticipated to be similar due to offsetting factors [42] Market Data and Key Metrics Changes - The NGTL system in Alberta reached a decade-level high for average export flows, with an all-time record of 8.1 Bcf on January 5, 2022 [12] - U.S. network set an all-time send-out record of 34.9 Bcf on January 20, 2022, representing approximately one-fourth of total U.S. daily supply [12] - Keystone system achieved record throughput of 602,000 barrels per day in 2021, up 6% from 2020 [13] Company Strategy and Development Direction - The company is advancing a $24 billion capital program, including approximately $7 billion of new high-quality growth opportunities sanctioned in 2021 [15] - Focus on sustainability with targets to reduce GHG emission intensity by 30% by 2030 and achieve net-zero emissions by 2050 [11] - Plans to sanction more than $5 billion of new projects annually in the coming years, with a focus on energy transition and decarbonization [19][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to deliver EBITDA growth of 5% through 2026, supported by a strong capital program and diversified asset base [46][48] - The company remains focused on optimizing operations and enhancing returns on invested capital while maintaining financial strength and flexibility [24][78] - Management highlighted the importance of a strong balance sheet to respond to energy transition needs and opportunities [78] Other Important Information - The company declared a first quarter 2022 dividend of $0.90 per common share, a 3.4% increase over the previous year, marking the 22nd consecutive year of dividend growth [21] - Recent management changes include the expansion of Bevin Wirzba's role to Executive Vice President, Strategy and Corporate Development [25][26] Q&A Session Summary Question: On the Power business and renewable procurement - Management discussed the ability to aggregate load and create economies of scale, enhancing returns without significant capital investment [54][55] Question: Status of white space in the pipeline network - Management indicated limited exposure to inflation and highlighted growth opportunities in existing basins, particularly in natural gas pipelines [68][69] Question: Capital allocation and leverage strategy - Management plans to maintain steady debt levels while using internally generated cash to fund dividends and capital programs, targeting a long-term leverage of 4.75 debt to EBITDA [76][78] Question: Update on Coastal GasLink project - Management confirmed progress on the project, with nearly 60% completion and ongoing discussions with customers to ensure alignment [111][112]

EXHIBIT 99.1 NewsRelease TC Energy generates strong results in 2021 while progressing energy transition initiatives Increases common share dividend for the twenty-second consecutive year CALGARY, Alberta – February 15, 2022 – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced net income attributable to common shares for fourth quarter 2021 of $1.1 billion or $1.14 per share compared to net income of $1.1 billion or $1.20 per share for the same period in 2020. For the year ende ...

Third quarter 2021 conference call November 5, 2021 () TC Energy Forward-looking information and non-GAAP measures This presentation includes certain forward-looking information, including the sustainability commitments and targets contained in our 2021 Report on Sustainability and our GHG Emissions Reduction Plan, as well as future oriented financial information or financial outlook, which is intended to help current and potential investors understand management's assessment of our future plans and financi ...

TC Energy Corporation (NYSE:TRP) Q3 Earnings Conference Call November 5, 2021 11:00 AM ET Company Participants Francois Poirier – President and Chief Executive Officer Don Marchand – Former CFO Joel Hunter – Executive Vice President Glenn Menuz – Vice President and Controller Corey Hessen – President Power and Storage David Moneta – Vice President Investor Relations Bevin Wirzba – Executive Vice President of Strategy Stan Chapman – President U.S. and Mexico Natural Gas Pipelines Tracy Robinson – President C ...

Financial Performance - Comparable earnings per common share for YTD 2021 were $223, compared to $210 for YTD 2020[9] - Comparable EBITDA for YTD 2021 was $4738 million, slightly up from $4734 million in YTD 2020[9] - Comparable funds generated from operations for YTD 2021 were $3777 million, compared to $3643 million in YTD 2020[9] - Net income attributable to common shares for the three months ended June 30, 2021, was $982 million, compared to $1281 million for the same period in 2020[20] - For the six months ended June 30, 2021, there was a net loss of $75 million attributable to common shares, compared to a net income of $2429 million for the same period in 2020[20] Capital Program and Growth - The company is advancing a $21 billion secured capital program through 2025, focused on critical energy infrastructure[10] - The company expects 5-7% future dividend growth per annum, supported by expected growth in earnings and cash flow[17, 18] - The company has a $100 billion portfolio of critical energy infrastructure[41] Financial Strategy - The company redeemed $500 million of outstanding Series 13 preferred shares on May 31[26] - The company completed a $15 billion three-tranche Medium Term Notes offering in early June[26] - The company is well-positioned to prudently fund its $21 billion secured capital program[27]

TC Energy Corporation (NYSE:TRP) Q2 2021 Earnings Conference Call July 29, 2021 11:00 AM ET Company Participants David Moneta - Vice President, Investor Relations Francois Poirier - President and Chief Executive Officer Don Marchand - Executive Vice President and Chief Financial Officer Tracy Robinson - President, Canadian Natural Gas Pipelines and Coastal GasLink Stan Chapman - President, U.S. and Mexico Natural Gas Pipelines Bevin Wirzba - Executive Vice President Strategy and Corporate Development and Pr ...

Financial Performance - Comparable earnings per common share decreased from $1.18 in Q1 2020 to $1.16 in Q1 2021[8] - Comparable EBITDA decreased from $2,535 million in Q1 2020 to $2,492 million in Q1 2021[8] - Comparable funds generated from operations decreased from $2,094 million in Q1 2020 to $2,023 million in Q1 2021[8] - Net loss attributable to common shares was $1,057 million in Q1 2021, compared to net income of $1,148 million in Q1 2020[21] Keystone XL Pipeline - A $2.2 billion after-tax asset impairment charge was recognized in the first quarter 2021 results due to the Keystone XL project suspension[11] - The net financial exposure related to Keystone XL was approximately $1.0 billion as of March 31, 2021, inclusive of Government of Alberta investment and guarantees[11] Capital Program and Growth - The company is advancing a $20 billion secured capital program through 2024, focused on critical energy infrastructure[12] - $4.1 billion of projects are expected to be completed in 2021[12] - The company anticipates a 5-7% expected future dividend growth per annum[18] Financial Strategy - The company issued $500 million of Junior Subordinated Notes at a coupon of 4.20 per cent[28] - The finance plan supports funding the $20 billion secured capital program without the need for common equity[28]

TC Energy Corporation (NYSE:TRP) Q1 2021 Earnings Conference Call May 7, 2021 3:00 PM ET Company Participants David Moneta - Vice President, Investor Relations Francois Poirier - President and Chief Executive Officer Don Marchand - Executive Vice President, Strategy and Corporate Development and Chief Financial Officer Tracy Robinson - President, Canadian Natural Gas Pipelines and Coastal GasLink Stan Chapman - President, U.S. and Mexico Natural Gas Pipelines Bevin Wirzba - President, Liquids Pipelines Core ...