Sign in

TC ENERGY (TRP)

No business description found.

You might also like

Research analysts who have asked questions during TC ENERGY earnings calls.

Notable M&A activity and strategic investments in the past 3 years.

CompanyYearDetails

Blue Cloud Wind Farm

2023

TC Energy acquired the Blue Cloud Wind Farm on June 14, 2023, located in Bailey County, Texas, for US$125 million with a capacity of 148 MW; the deal involved acquiring 100% of the Class B Membership Interests and is accounted for as an asset acquisition without the recognition of goodwill.

Fluvanna Wind Farm

2023

TC Energy closed the acquisition of the 155-MW Fluvanna Wind Farm on March 15, 2023, in Scurry County, Texas, for US$99 million (before post-closing adjustments), structuring the transaction with tax equity investors and applying the HLBV method to allocate earnings, while recording a non-controlling interest for the tax equity investor at an estimated fair value.

KO Transmission assets

2022

Approved on April 28, 2022, for approximately US$80 million, this acquisition is aimed to integrate the assets into TC Energy's Columbia Gas pipeline to enhance last-mile connectivity and support future capital investments, pending FERC approval expected by the end of 2022.

Recent press releases and 8-K filings for TRP.

TC Energy announces closing of US$350 million notes offering and redemption of Series 11 Preferred Shares
·$TRP
Debt Issuance
Dividends
Delisting/Listing Issues
  • TC Energy Corporation (TRP) announced the closing of an offering of US$350 million of 6.250 per cent Fixed-for-Life Junior Subordinated Notes due November 1, 2085, by its subsidiary TransCanada PipeLines Limited.
  • The net proceeds from this offering will be used to redeem its outstanding Cumulative Redeemable First Preferred Shares, Series 11, on November 28, 2025.
  • The Series 11 Shares will be redeemed at a price of $25.00 per share.
  • A final quarterly dividend of $0.2094375 per Series 11 Share is expected to be declared, payable on November 28, 2025, to shareholders of record on November 17, 2025.
  • Subsequent to the redemption date, the Series 11 Shares will cease to be entitled to dividends and will be delisted from the Toronto Stock Exchange.
Oct 9, 2025, 9:36 PM
TC Energy Subsidiary Considers U.S. Junior Subordinated Notes Offering
·$TRP
Debt Issuance
  • TC Energy Corporation (TRP) announced on October 6, 2025, that its subsidiary, TransCanada PipeLines Limited (TCPL), is considering an offering of U.S. Junior Subordinated Notes.
  • If a successful offering is completed, the net proceeds are intended to redeem its issued and outstanding Cumulative Redeemable First Preferred Shares, Series 11, reduce indebtedness, and for general corporate purposes.
  • The company stated that there is no certainty that TCPL will ultimately complete the offering or as to the timing or terms on which such an offering might be completed.
Oct 6, 2025, 3:01 PM
TC Energy Commences Toll Collection for Southeast Gateway Pipeline
·$TRP
New Projects/Investments
Revenue Acceleration/Inflection
  • TC Energy Corporation has commenced the collection of tolls for the Southeast Gateway pipeline and received payment from the Comisi\u00f3n Federal de Electricidad (CFE) for May, on time.
  • The Southeast Gateway pipeline project was completed at a final cost of approximately US$3.9 billion, which is 13 per cent under the original cost estimate.
  • This 1.3 Bcf/d, 715-kilometre natural gas pipeline was constructed in less than three years and is designed to supply natural gas to fuel Mexico\u2019s economic growth.
Jun 27, 2025, 12:00 AM
TC Energy Strategic Initiatives, Governance Updates & Rights Plan Amendments
·$TRP
Dividends
Board Change
New Projects/Investments
  • Strategic Focus: Renewed emphasis on natural gas and power generation post Liquids Pipeline spin-off with significant capital projects, including the Northwoods expansion and a $1.1 billion nuclear investment .
  • Corporate Governance Update: 2024 Annual Report reviewed with board elections featuring the appointment of Scott Bonham and Dawn Madahbee Leach, alongside the retirement of two directors .
  • Shareholder Rights Plan Update: Issuance of new rights certificates, with supplements and amendments detailing provisions on fractional rights, fractional shares, and regulatory approvals, as well as session approval of amendments and a 3.3% dividend increase marking 25 consecutive years of growth .
May 9, 2025, 12:00 AM
TC Energy Q1 2025 Performance & Strategic Initiatives Update
·$TRP
Earnings
New Projects/Investments
Guidance Update
  • Strong Q1 2025 Performance: Delivered solid comparable earnings near $1.0 billion from continuing operations alongside record safety and throughput improvements with a 6% increase in system throughput and multiple all-time delivery records .
  • Capital Projects Guidance: On track to bring $8.5 billion of assets into service, with capital expenditures initially expected between $5.5–$6 billion and an updated outlook of $6.1–$6.6 billion .
  • EBITDA Outlook: Reaffirmed 2025 EBITDA guidance at $10.7–10.9 billion with projections growing to $11.7–11.9 billion by 2027, supported by long-term contracts and low commodity price risk .
  • Advancing Strategic Projects: Key initiatives include the Northwoods project for U.S. electric generation and the Southeast Gateway pipeline anticipated to commence service after regulatory approval by end-May 2025 .
May 1, 2025, 12:31 PM
TC Energy to Release Q1 2025 Results and Host Annual Meeting
·$TRP
Earnings
  • TC Energy announced that it will release its Q1 2025 financial results on May 1, 2025, at 6:30 a.m. MDT / 8:30 a.m. EDT, providing key financial updates for investors.
  • The company will host its annual meeting of common shareholders on May 8, 2025, via a virtual live webcast, including a Q&A session, emphasizing transparency and investor engagement.
Apr 11, 2025, 12:00 AM