Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? TC Energy (TRP) , which belongs to the Zacks Alternative Energy - Other industry, could be a great candidate to consider. When looking at the last two reports, this energy infrastructure company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 8.50%, on average, in the last two quarters. For the most re ...

NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWSWIRE SERVICES (SEE "OFFER AND DISTRIBUTION RESTRICTIONS" BELOW). CALGARY, Alberta, Oct. 09, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) ("TC Energy") today announced that TransCanada PipeLines Limited (the "Company"), a wholly-owned subsidiary of TC Energy, has released the pricing terms of its previously announced separate offers (the "Offers") to purchase for cash up to C$575,000,000 in aggregate principal amount o ...

CALGARY, Alberta, Oct. 09, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) ("TC Energy") today announced that TransCanada PipeLines Limited (the "Company"), a wholly-owned subsidiary of TC Energy, has released (i) the results of its previously announced seven separate offers (the "Offers") to purchase for cash the outstanding notes of the series listed in the table below (collectively, the "Notes") and (ii) that it has amended the Offers by increasing the Maximum Purchase Amou ...

Core Points - TC Energy Corporation announced the expiration of its separate offers to purchase up to C$350,000,000 of its outstanding notes, which has now been increased to C$575,000,000 [1][2][3] Offer Details - The Offers were made under the terms set forth in the Offer to Purchase dated October 1, 2024 [2] - A total of C$1,199,486,000 in aggregate principal amount of the Notes were validly tendered prior to the expiration date [3] - The Company expects to accept C$575,000,000 of the 4.180% Senior Notes due 2048 on a pro rata basis, while not expecting to accept any of the 3.390% Senior Notes due 2028 [6] Pricing and Settlement - Pricing for the 2048 Notes is expected to occur at 10 a.m. on October 9, 2024, with the final acceptance amount and total consideration to be announced thereafter [7] - The settlement date for the 2048 Notes is expected to be October 15, 2024, with an accrued coupon payment to be made [9] Additional Information - The Offers are subject to certain conditions, and the Company reserves the right to waive any conditions [10] - Deutsche Bank, J.P. Morgan, Morgan Stanley, and RBC are acting as dealer managers for the Offers [11]

CALGARY, Alberta, Oct. 08, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) ("TC Energy") today announced that TransCanada PipeLines Limited (the "Company"), a wholly-owned subsidiary of TC Energy, has released the pricing terms of its previously announced separate offers (the "Offers") to purchase for cash up to US$1,750,000,000 aggregate principal amount of its outstanding notes of the series listed in the table below (collectively, the "Notes"). _____________ The Offers are ...

CALGARY, Alberta, Oct. 01, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced that it does not intend to exercise its right to redeem its Cumulative Redeemable First Preferred Shares, Series 9 (Series 9 Shares) on Oct. 30, 2024. As a result, subject to certain conditions, the holders of Series 9 Shares have the right to choose one of the following options regarding their shares: 1. to retain any or all of their Series 9 Shares and contin ...

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) , a major North American energy sector player, received its shareholder approval to spin off its liquids pipeline business. This strategic move is expected to result in the formation of a new entity, South Bow Corp, which would inherit TRP's extensive liquids pipeline assets, including the renowned Keystone pipeline. This spin-off is aimed at reducing the substantial debt of TC Energy and sharpening its focus on natural gas transportation. Overview of the Spin-off Creation of Sou ...

| --- | --- | --- | --- | --- | |------------------------------------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | 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]