TC Energy(TRP)

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TC Energy reports solid first quarter 2025 results
Globenewswire· 2025-05-01 10:30
Expect to place approximately $8.5 billion of projects into service in 2025, tracking to roughly 15 per cent under budget Announced $2.4 billion of new natural gas and nuclear power generation growth projects CALGARY, Alberta, May 01, 2025 (GLOBE NEWSWIRE) -- TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) released its first quarter results today. François Poirier, TC Energy’s President and Chief Executive Officer commented, "As natural gas and electricity are forecasted to drive the major ...
How Will These 3 Energy Stocks Perform This Earnings Season?
ZACKS· 2025-04-30 14:35
Industry Overview - The oil and energy sector is experiencing significant challenges in Q1 2025, with falling oil prices and slight increases in natural gas prices creating a complex outlook for growth [1][4] - Oil prices have sharply declined, with West Texas Intermediate crude averaging $71.84 per barrel, down from $77.56 a year ago, primarily due to weaker global economic growth and increased supply [2] - Natural gas prices have surged to an average of $4.15 per million British thermal units (MMBtu), up from $2.13 per MMBtu, driven by colder weather and rising LNG exports [3] Earnings Performance - Energy companies in the S&P 500 are projected to see a 12.9% decline in earnings year-over-year, although this is an improvement from the 22.4% decline in Q4 2024 [4][5] - Revenue for energy companies is expected to decline by 0.3%, contrasting with a 3.8% growth forecast for the broader S&P 500 [4] - Excluding the energy sector, the S&P 500's earnings would rise by 8.3%, indicating the significant drag energy is placing on overall results [5] Company-Specific Insights - TC Energy Corporation (TRP) is expected to report earnings of 72 cents per share, reflecting a 21.74% decrease from the previous year, with a low chance of an earnings beat due to an Earnings ESP of -0.35% and a Zacks Rank of 3 [8][10] - Targa Resources Corp. (TRGP) has a Zacks Consensus Estimate of $2.06 per share, indicating a 68.85% increase year-over-year, but also has a low chance of an earnings beat with an Earnings ESP of -4.12% and a Zacks Rank of 3 [10][12] - PBF Energy Inc. (PBF) is projected to report earnings of $3.24 per share, suggesting a significant 476.74% decrease from the prior year, with an Earnings ESP of 0.00% and a Zacks Rank of 3, indicating low chances for an earnings beat [12][13]
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].