TC Energy Corporation (TRP) , one of Canada’s leading energy infrastructure companies, recently announced that its plan to sell a stake in its Western Canadian gas pipeline system to Indigenous communities may not unfold as originally designed. This deal, which was set to be the largest Indigenous equity transaction in the history of Canada, has faced unforeseen delays and complications, potentially jeopardizing its completion. Background of the Proposed TRP DealTC Energy’s original plan was to sell an inte ...

Core Viewpoint - TC Energy Corporation (TRP) has provided a positive fiscal 2025 guidance, estimating a comparable EBITDA between C$10.7 billion and C$10.9 billion, reflecting growth from its 2024 outlook [1][2][16] Group 1: Demand and Growth Drivers - The anticipated increase in EBITDA for FY2025 is primarily driven by the rising demand for natural gas, which is becoming essential as the world shifts towards cleaner energy sources [3][16] - TC Energy is strategically enhancing its infrastructure to meet the growing energy demands across North America, particularly in natural gas and nuclear power [2][4] Group 2: Key Projects - TC Energy is investing C$1.5 billion in four key growth projects, including the Pulaski and Maysville projects, each with a C$400 million investment aimed at converting coal-fired power plants to natural gas [4][5] - The Southeast Virginia Energy Storage Project, a C$300 million LNG peaking facility, is designed to address energy demand during winter peak days [7][8] - An investment of C$175 million in the Bruce Power nuclear facility aims to increase its peak production capacity to 7,000 MW, supporting Ontario's low-carbon electricity needs [9][10][11] Group 3: Financial Stability - Approximately 97% of TC Energy's estimated revenues are secured through rate regulation and long-term take-or-pay contracts, providing a stable financial outlook [12][13] - These contracts ensure a reliable income stream, allowing the company to make long-term investments with confidence [12][13] Group 4: Future Prospects - TC Energy's strategic investments in natural gas and nuclear energy position the company for continued success, with plans to diversify its energy portfolio further [14][15] - The company is focused on meeting the increasing reliance on electrification and decarbonization, which will drive the need for additional infrastructure and innovative solutions [15][16]

TC Energy Corporation (TRP)  reported third-quarter 2024 adjusted earnings of 76 cents per share, which beat the Zacks Consensus Estimate of 70 cents. The bottom line slightly increased from 75 cents reported in the year-ago period. This better-than-expected performance was driven by robust results from the company's Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines and Power and Energy Solutions segments.This North America’s energy infrastructure pr ...

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.co ...

Core Viewpoint - TC Energy reported quarterly earnings of $0.76 per share, exceeding the Zacks Consensus Estimate of $0.70 per share, and showing a slight increase from $0.75 per share a year ago, indicating an earnings surprise of 8.57% [1] Financial Performance - The company achieved revenues of $2.99 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 5.95%, and showing an increase from $2.94 billion year-over-year [2] - Over the last four quarters, TC Energy has consistently surpassed consensus EPS estimates and revenue estimates [2] Stock Performance - TC Energy shares have increased approximately 23.6% since the beginning of the year, compared to the S&P 500's gain of 24.3% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.72 on revenues of $3.08 billion, and for the current fiscal year, it is $3.02 on revenues of $11.94 billion [7] - The trend of estimate revisions for TC Energy is mixed, which may change following the recent earnings report [6] Industry Context - The Alternative Energy - Other industry, to which TC Energy belongs, is currently ranked in the bottom 35% of over 250 Zacks industries, suggesting potential challenges ahead [8]

EXHIBIT 13.2 See accompanying Notes to the Condensed consolidated financial statements. Condensed consolidated statement of income | --- | --- | --- | --- | --- | |----------------------------------------------------------------|-------------------------------------|-----------|-------------------------------------|-----------| | (unaudited - millions of Canadian $, except per share amounts) | three months ended September \n2024 | 30 \n2023 | nine months ended September \n2024 | 30 \n2023 | | Revenues | | | ...

Core Points - TC Energy Corporation has appointed two new independent directors, Scott Bonham and Dawn Madahbee Leach, to its Board of Directors [1] - The appointments are expected to enhance the governance and strategic vision of TC Energy [4] Summary by Relevant Sections New Appointments - Scott Bonham has extensive governance, finance, and leadership experience, particularly in the technology sector, and has served on multiple boards including Loblaw Companies Limited and the Bank of Nova Scotia [2] - Dawn Madahbee Leach has significant experience in Indigenous relations and business strategy, currently serving as General Manager of the Waubetek Business Corporation and Chairperson of the National Indigenous Economic Development Board [3] Company Overview - TC Energy is a team of over 7,000 energy professionals focused on safely moving, generating, and storing energy in North America [4] - The company is committed to addressing energy challenges, including delivering natural gas to global markets and reducing emissions [4] - TC Energy's common shares are traded on the Toronto (TSX) and New York (NYSE) stock exchanges under the symbol TRP [5]

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 O ...

The market expects TC Energy (TRP) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on November 7, 2024, might help the stock move higher if these key numbers are ...

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 Serie ...