Core Viewpoint - TC Energy Corporation is proceeding with the spinoff of its Liquids Pipelines business into a new entity named South Bow Corporation, with key dates and trading arrangements outlined for shareholders [1][2][3][4]. Group 1: Spinoff Details - The distribution record date for the spinoff is set for September 25, 2024, with the effective date expected to be October 1, 2024 [1][2]. - Shareholders of TC Energy will retain their interests in TC Energy while also receiving a pro rata interest in South Bow [1]. - The spinoff has received necessary tax rulings and approvals from shareholders and the court [2]. Group 2: Trading Arrangements - "Due bill" trading for TC Energy Common Shares will commence on September 25, 2024, and end on October 1, 2024, under the designation TRP on both TSX and NYSE [3]. - An "if, as and when issued" trading market will also be established for both TC Energy and South Bow Common Shares during the same period [4]. - Regular trading for TC Energy Common Shares will resume on October 2, 2024, while South Bow Common Shares are expected to begin trading on the TSX on the same date and on the NYSE around October 7, 2024 [5]. Group 3: Dividend Information - Both TC Energy and South Bow plan to declare independent dividends for the quarter ending December 31, 2024, on November 7, 2024, with payments expected on January 31, 2025 [6]. Group 4: South Bow Overview - South Bow is positioned as a strategic liquids pipelines company, connecting Canadian crude oil supply to U.S. refining markets, with a focus on disciplined capital allocation and sustainable dividends [9][13]. - The company operates 4,900 kilometers (3,045 miles) of crude oil pipeline infrastructure and aims to strengthen its financial position while pursuing low-risk investments [9][13].

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 ...

CALGARY, Alberta, Aug. 01, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced that its Board of Directors (Board) declared a quarterly dividend of $0.96 per common share for the quarter ending Sept. 30, 2024, on the Company's outstanding common shares. The common share dividend is payable on Oct. 31, 2024, to shareholders of record at the close of business on Sept. 27, 2024. The Board also declared quarterly dividends on the outstanding ...

CALGARY, Alberta, Aug. 01, 2024 (GLOBE NEWSWIRE) -- TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) released its second quarter results today. François Poirier, TC Energy's President and Chief Executive Officer commented, "During the first six months of 2024, we delivered 10 per cent yearover-year growth in comparable EBITDA1 and approximately 35 per cent growth in segmented earnings." Poirier continued, "We continued to advance multiple strategic initiatives aimed at maximizing the long-t ...

Investors interested in Alternative Energy - Other stocks are likely familiar with TC Energy (TRP) and Ormat Technologies (ORA) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look. We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while o ...

This historic partnership will enable up to 72 Indigenous Communities closest to the Partnership Assets to become equity owners in the 25,000-kilometre highly integrated network of natural gas infrastructure assets spanning western Canada. Investment in these critical energy assets delivers access to long-term revenue sources that will help create meaningful change for Indigenous Communities. "Indigenous ownership is the path to a more prosperous nation. As owners, Indigenous Communities will have resources ...

"Alberta continues to lead on economic reconciliation with Indigenous Peoples. It's so exciting to see this historic investment partnership come together thanks to an unprecedented loan guarantee from the AIOC. This will create significant new long-term revenue streams for the Indigenous Communities involved. The AIOC continues to break down barriers and build bridges by supporting Indigenous ownership and inclusion in Alberta's biggest projects. Many thanks to all the partners involved for working tireless ...

Wall Street expects a year-over-year decline in earnings on lower revenues when TC Energy (TRP) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 1. On the o ...

Iana Miroshnichenko/iStock via Getty Images A few days ago, I wrote an article on potential "Trump trades" in case the former president wins in November. Initially, I wanted to use this article to share my thoughts on potential "Biden picks." However, as most of you will be aware, the sitting president decided to drop out of the race, endorsing his Vice President, Kamala Harris, as the perfect pick to take on Donald Trump, who is currently expected to win, according to PredictIt numbers. Hence, while I reth ...