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Kinder Morgan, Inc. (KMI) Presents At Barclays 39th Annual CEO Energy-Power Conference 2025 Transcript
Seeking Alpha· 2025-09-03 16:51
Question-and-Answer SessionKim, I'd like to start with a discussion of Kinder's a robust outlook for natural gas infrastructure demand growth. Since we spoke at last year's conference, Kinder has increased its forecast for natural gas demand growth through the end of the decade and beyond? And can you talk more about the recent drivers of this incrementally positive outlook as well as other potential needle movers to look out for from here?Kimberly DangCEO & Director Oh, sure. So yes, we actually -- we have ...
TC Energy to issue second quarter 2025 results on July 31
Globenewswire· 2025-07-10 21:00
Core Viewpoint - TC Energy Corporation will hold a teleconference and webcast on July 31, 2025, to discuss its second quarter financial results [1][2]. Group 1: Teleconference Details - The teleconference will feature TC Energy's President and CEO François Poirier, CFO Sean O'Donnell, and other executive leadership team members discussing financial results and company developments at 6:30 a.m. MT / 8:30 a.m. ET [2]. - Participants can join the call by dialing 1-833-752-3826 (Canada/U.S. toll free) or 1-647-846-8864 (International toll) without a passcode, and are encouraged to call in 15 minutes prior to the start [3]. - A live webcast will be available on TC Energy's website, and a replay of the teleconference will be accessible two hours after the call until midnight ET on August 7, 2025 [4]. Group 2: Company Overview - TC Energy is a team of over 6,500 energy problem solvers, specializing in connecting the world to necessary energy through a unique network of natural gas infrastructure assets [5]. - The company operates in moving, generating, and storing energy, delivering it to homes and businesses in North America and globally through LNG exports, complemented by strategic ownership in power generation [5]. - TC Energy's common shares are traded on the Toronto (TSX) and New York (NYSE) stock exchanges under the symbol TRP [6].
TC Energy provides results of Series 3 and Series 4 conversion elections
Globenewswire· 2025-06-23 21:00
Core Points - TC Energy Corporation announced the conversion of 104,778 Series 3 Shares into Series 4 Shares and 1,822,829 Series 4 Shares into Series 3 Shares, effective June 30, 2025 [1][2] - Following the conversions, TC Energy will have 11,715,228 Series 3 Shares and 2,284,772 Series 4 Shares outstanding, both listed on the Toronto Stock Exchange [2] - Series 3 Shares will pay a fixed dividend of 4.102% annually for five years starting June 30, 2025, while Series 4 Shares will pay a floating dividend starting at 3.924% for the first quarter [2][3] - Shareholders will have the option to convert their shares again on July 2, 2030, and every five years thereafter [4] 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 [5] - The company's common shares are traded on both the Toronto Stock Exchange and the New York Stock Exchange under the symbol TRP [6]
TC Energy provides conversion right and dividend rate notice for Series 3 and 4 preferred shares
Globenewswire· 2025-06-02 21:00
Core Viewpoint - TC Energy Corporation will not redeem its Cumulative Redeemable First Preferred Shares, Series 3 and Series 4 on June 30, 2025, allowing shareholders to choose between retaining their shares or converting them to the other series with different dividend rates [1][2]. Summary by Category Dividend Rates - Holders of Series 3 Shares can retain their shares and receive a fixed annual dividend rate of 4.102% for the period from June 30, 2025, to July 2, 2030 [1]. - Holders of Series 4 Shares can retain their shares and receive a floating quarterly dividend rate of 3.924% for the three-month period starting June 30, 2025, with the rate reset every quarter [2]. Conversion Options - Series 3 Shareholders can convert their shares to Series 4 Shares and receive the floating quarterly dividend rate of 3.924% [1]. - Series 4 Shareholders can convert their shares to Series 3 Shares and receive the fixed quarterly dividend rate of 4.102% [2]. Conversion Process - Beneficial owners must communicate with their broker by 5 p.m. (EST) on June 16, 2025, to exercise their conversion rights [3]. - If no notice is provided by the deadline, shareholders will retain their respective shares and receive the applicable new dividend rate [4]. Conditions for Conversion - If TC Energy determines that there will be less than one million Series 3 Shares outstanding after June 30, 2025, all remaining Series 3 Shares will convert to Series 4 Shares on a one-for-one basis [5]. - Conversely, if there are less than one million Series 4 Shares outstanding, all remaining Series 4 Shares will convert to Series 3 Shares on a one-for-one basis [5]. Future Conversion Opportunities - Holders of Series 3 and Series 4 Shares will have the opportunity to convert their shares again on July 2, 2030, and every five years thereafter as long as the shares remain outstanding [6].
ARCLIGHT ACQUIRES INTEREST IN NATURAL GAS PIPELINE COMPANY OF AMERICA, ONE OF THE LARGEST NATURAL GAS INFRASTRUCTURE ASSETS IN NORTH AMERICA
Prnewswire· 2025-05-13 13:00
NGPL PROVIDES CRITICAL TRANSPORTATION, STORAGE & RELIABILITY AND IS STRATEGICALLY POSITIONED TO HELP MEET AI, DIGITAL POWER & LNG RELATED GROWTH BOSTON, May 13, 2025 /PRNewswire/ -- ArcLight Capital Partners, LLC announced its managed fund (collectively, "ArcLight") has acquired a 25% interest in Natural Gas Pipeline Company of America ("NGPL"), a strategic natural gas infrastructure system. As a result of the transaction, ArcLight will become the largest owner of NGPL with a 62.5% economic ownership intere ...