TRP.TO - TC Energy Corporation

Toronto - Toronto Delayed Price. Currency in CAD
76.06
+0.35 (+0.46%)
At close: 4:00PM EST
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Previous Close75.71
Open75.88
Bid76.03 x N/A
Ask76.04 x N/A
Day's Range75.79 - 76.38
52 Week Range58.42 - 76.38
Volume3,408,264
Avg. Volume1,792,298
Market Cap70.982B
Beta (5Y Monthly)1.12
PE Ratio (TTM)17.75
EPS (TTM)4.28
Earnings DateApr. 30, 2020 - May 04, 2020
Forward Dividend & Yield3.00 (4.08%)
Ex-Dividend DateDec. 29, 2019
1y Target Est72.60
  • Portrait of the Coastal GasLink, a pipeline to divide a nation
    The Canadian Press

    Portrait of the Coastal GasLink, a pipeline to divide a nation

    CALGARY — Opponents of the Coastal GasLink pipeline's planned route have brought rail traffic to a standstill with blockades in support of five Wet'suwet'en hereditary clan chiefs in B.C. who say it cannot proceed without their consent. Here's a look at the project at the heart of an issue that has divided the country.The project:The 670-kilometre pipeline is a key component of the $40-billion LNG Canada project which will liquefy and export up to 14 million tonnes per year of LNG to Asian markets. The pipeline would deliver natural gas from northeastern British Columbia to a terminal near Kitimat, B.C. LNG Canada selected TC Energy Corp. (then called TransCanada) to build, own and operate Coastal GasLink in 2012. When LNG Canada was approved to be built by its ownership group — Royal Dutch Shell, Malaysian-owned Petronas, PetroChina, Japan's Mitsubishi and Korea Gas Corp. — in October 2018, the $6.6-billion pipeline was also given the go-ahead.Project status:In mid-February, 46 per cent of the pipeline route had been cleared and over 1,200 people were working on the project, the company says. In addition to burying pipe, construction includes establishing storage and staging sites and building lodges to house about 2,500 workers. On the ownership side, Alberta Investment Management Corp., which looks after more than $115 billion in public sector pension funds, in December agreed with American partner KKR to form a consortium to buy a 65 per cent interest in the project. The deal is scheduled to close in the first half of 2020.The route:Some obvservers have suggested adjusting the pipeline route to avoid Wet’suwet’en lands. But Coastal GasLink says the current, B.C. government-approved route is the best of several alternatives it studied between 2012 and 2014 in a process that included consultations with First Nations. An alternative suggested by the Wet’suwet’en that would follow the existing Pacific Northern Gas pipeline would require eight more major river crossings, add about 80 kilometres of environmental disturbance, cost $600 million to $800 million more and result in a one-year delay that could impact the viability of the entire LNG Canada project, the company says.Indigenous Support:The pipeline has support from 20 elected band councils along the route. All of them have signed benefit agreements with Coastal GasLink. TC Energy has committed to provide the supporting First Nations with an option to buy a 10 per cent equity interest in the pipeline.Indigenous Opposition:Five Wet'suwet'en hereditary clan chiefs say the pipeline cannot proceed without their consent. They say they have authority over 22,000 square kilometres of traditional territory that the pipeline would partially cross, while the elected band councils only administer smaller reserves.Environmental impact:LNG Canada says the project will reduce global greenhouse gas emissions by up to 90 million tonnes per year by displacing coal- and diesel-fuelled generation with cleaner burning natural gas. Opponents, however, say the project itself will add to Canada's GHG emissions and will encourage more production using hydraulic fracturing or fracking, the injection of liquids and chemicals under high pressure to break up tight rock underground to free the gas. Fracking has been linked to minor earthquakes and drinking water contamination.This report by The Canadian Press was first published Feb. 20, 2020.Companies in this story: (TSX:TRP) The Canadian Press

  • Coastal GasLink pipeline investor committed to closing deal despite protests
    The Canadian Press

    Coastal GasLink pipeline investor committed to closing deal despite protests

    CALGARY — An investment firm buying a stake in the Coastal GasLink pipeline says it remains "committed" to the deal despite protester blockades that have shut down railway lines in parts of Canada and threaten to inflict damage to the Canadian economy.Alberta Investment Management Corp., which looks after more than $115 billion in public sector pension funds for the province, agreed with American partner KKR in December to form a consortium to buy a 65 per cent interest in the project.Developer TC Energy Corp. — formerly TransCanada Corp. — is to remain the operator of the $6.6-billion pipeline with a 35 per cent interest if the deal closes as expected in the first half of this year."AIMCo remains committed to our investment in the Coastal GasLink pipeline," said spokesman Denes Nemeth in an email on Tuesday."We have confidence in TC Energy's ability to deal with the situation appropriately to ensure the successful build of this project."A spokeswoman for KKR declined comment. It has said its investment is being made primarily through a separately managed infrastructure account in partnership with the National Pension Service of Korea.Financial details of the deal and ownership percentages within the consortium have not been revealed.The contract with TC Energy is also confidential, which makes it difficult to speculate whether AIMCo and KKR would be able to extricate themselves from the pipeline pact if they wanted to, said Matthew Taylor, an analyst for Tudor Pickering Holt & Co., who covers TC Energy."I'd imagine there are standard provisions in it with respect to regulatory risk and scope changes should the project's route need to be adjusted to accommodate the First Nations' requests," he said."We need to see the outcome of the government negotiations before having an idea of the impact to the project or potential delay. The project currently has court injunctions to proceed with construction so technically it has the green light by virtue of the rule of law."The 670-kilometre pipeline from northeastern B.C. to the West Coast is intended to deliver natural gas to the $40-billion LNG Canada export project that's under construction at Kitimat.Protesters say they are supporting Wet'suwet'in hereditary chiefs who are opposed to the pipeline running through their territory in B.C.The pipeline has support from 20 elected band councils along the route who have signed benefit agreements.Once the partnership deal is done, TC Energy says Coastal GasLink will secure financing with a syndicate of banks to cover up to 80 per cent of project costs during construction.Coastal GasLink is backed by 25-year transportation agreements with the five LNG Canada owners.LNG Canada says the project is expected to reduce global greenhouse gas emissions by up to 90 million tonnes per year by displacing coal- and diesel-fueled generation with cleaner burning natural gas.This report by The Canadian Press was first published Feb. 18, 2020.Companies in this story: (TSX:TRP)Dan Healing, The Canadian Press

  • TC Energy Corporation Full-Year Results Just Came Out: Here's What Analysts Are Forecasting For Next Year
    Simply Wall St.

    TC Energy Corporation Full-Year Results Just Came Out: Here's What Analysts Are Forecasting For Next Year

    As you might know, TC Energy Corporation (TSE:TRP) recently reported its annual numbers. TC Energy missed revenue...

  • Thomson Reuters StreetEvents

    Edited Transcript of TRP.TO earnings conference call or presentation 13-Feb-20 9:00pm GMT

    Q4 2019 TC Energy Corp Earnings Call

  • TC Energy CEO says he's 'extremely disappointed' by Coastal GasLink opposition
    The Canadian Press

    TC Energy CEO says he's 'extremely disappointed' by Coastal GasLink opposition

    CALGARY — The CEO of pipeline and power company TC Energy Corp. says he's "extremely disappointed" that police have had to be called in to allow the company to go ahead with construction of its Coastal GasLink pipeline.The Calgary-based company is still trying to reach agreement with the hereditary Wet'suwet'en chiefs who oppose the $6.2-billion pipeline, said Russ Girling on a conference call Thursday to discuss fourth-quarter results.Anti-pipeline protesters who say they are acting in solidarity with the chiefs are continuing to blockade rail lines, government offices and road intersections across Canada."Today we are proceeding with work at over 30 sites along the 670-kilometre route with over 1,000 men and women currently employed," said Girling, noting that the RCMP began enforcing a court injunction against blockades on Feb. 6."We're extremely disappointed enforcement was required to reopen the Morice River forest service road but we will continue our efforts to attempt to engage with the hereditary chiefs of the Wet’suwet’en and Unist’ot’en in search of a peaceful long-term resolution that benefits all of the people in that community."The company made a deal in December that's expected to close in the first half of 2020 to sell a 65 per cent equity interest in the project to American investor KKR and Alberta Investment Management Corp.The pipeline is designed to take natural gas from northeastern B.C. to the $40-billion LNG Canada liquefied natural gas export terminal under construction at Kitimat on the West Coast.TC Energy's Keystone XL pipeline project, meanwhile, has recently received several key regulatory approvals in the United States and its capacity is fully subscribed by customers, but the company is not yet ready for a final investment decision, said Girling."We have now acquired 100 per cent of the right-of-way for the pipeline through all states, Montana, South Dakota and Nebraska," he reported."Moving forward, we will continue to carefully and methodically manage various regulatory and legal matters before we consider advancing this commercially secured project into construction."The pipeline still needs approval from the U.S. Army Corps of Engineers for access to waters in the U.S. and faces litigation in Montana contesting a presidential permit granted by Donald Trump, said Paul Miller, president of liquids pipelines.TC Energy, formerly known as TransCanada Corp., reported net income of $1.1 billion in the three months ended Dec. 31, matching its performance in the same period of 2018, despite a 16 per cent fall in revenue to $3.26 billion.Reported earnings per share were $1.18, down a penny from the year-earlier period but ahead of analyst expectations of $1.03, according to financial markets data firm Refinitiv.Comparable earnings before interest, taxes, depreciation and amortization decreased by $138 million to $2.3 billion.That was attributed to lower contributions from Canadian natural gas pipelines, decreased volumes on the Keystone pipeline system and lower margins on liquids marketing activities, offset by higher contributions from U.S. gas pipelines and the Bruce Power nuclear facility in Ontario.Keystone volumes were hit by a leak in North Dakota in October that temporarily shut down the pipeline that runs from Alberta to Nebraska.TC Energy announced it has approved a $900-million expansion to its NGTL natural gas pipeline system in Western Canada, as well as a US$300-million expansion of its ANR Pipeline in the United States designed to help transport Canadian gas to the U.S. Gulf Coast and other markets.This report by The Canadian Press was first published Feb. 13, 2020.Companies in this story: (TSX:TRP)Dan Healing, The Canadian Press

  • GlobeNewswire

    TC Energy files 2019 annual disclosure documents

    The Company’s Annual Information Form for the year ended December 31, 2019. In addition, TC Energy filed its Form 40-F for the year ended December 31, 2019 with the United States Securities and Exchange Commission.

  • GlobeNewswire

    TC Energy declares quarterly dividends

    CALGARY, Alberta, Feb. 13, 2020 -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced that its Board of Directors (Board) declared.

  • GlobeNewswire

    TC Energy reports record 2019 financial results

    TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced net income attributable to common shares for fourth quarter 2019 of $1.1 billion or $1.18 per share compared to net income of $1.1 billion or $1.19 per share for the same period in 2018. For the year ended December 31, 2019, net income attributable to common shares was $4.0 billion or $4.28 per share compared to net income of $3.5 billion or $3.92 per share in 2018. Comparable earnings for fourth quarter 2019 were $970 million or $1.03 per common share compared to $946 million or $1.03 per common share for the same period in 2018.

  • GlobeNewswire

    TC Energy announces $1.3 billion of system expansions to connect Western Canadian Sedimentary Basin supply to incremental market demand

    CALGARY, Alberta, Feb. 13, 2020 -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) announced today that it has approved two new expansion projects totaling.

  • RRSP Wealth Fund: 2 Top Canadian Dividend Stocks to Own for 40 Years
    The Motley Fool

    RRSP Wealth Fund: 2 Top Canadian Dividend Stocks to Own for 40 Years

    Owning top dividend stocks inside a self-directed RRSP is a popular strategy for creating pension wealth.

  • TFSA 101: How to Earn $260 Per Month and Pay No Tax to the CRA
    The Motley Fool

    TFSA 101: How to Earn $260 Per Month and Pay No Tax to the CRA

    Here's how Canadian investors can get the most out of their TFSA.

  • Nail Down TSX Income as High as 8.8%: Here’s How
    The Motley Fool

    Nail Down TSX Income as High as 8.8%: Here’s How

    This trio of top dividend plays, including TC Energy (TSX:TRP)(NYSE:TRP), can provide the fat income you need now.

  • Canadians: Energy Stocks Can Still Make You Filthy Rich
    The Motley Fool

    Canadians: Energy Stocks Can Still Make You Filthy Rich

    TC Energy (TSX:TRP)(NYSE:TRP) is one of those energy stocks that will keep bucking the trend!

  • Canada Revenue Agency: Don’t Fall Into a 2020 TFSA Tax Trap
    The Motley Fool

    Canada Revenue Agency: Don’t Fall Into a 2020 TFSA Tax Trap

    To ensure there are no tax burdens whatsoever, TFSA users shouldn’t fall into a tax trap. With First National stock and TC Energy stock in your portfolio, all gains and withdrawals are 100% tax-free.

  • GlobeNewswire

    Capstone Infrastructure Corporation Announces the Acquisition of a 132 MWac Solar Development Project in Alberta

    Capstone Infrastructure Corporation (TSX:CSE.PR.A) (the "Corporation" or "Capstone") is pleased to announce it acquired a 51% interest in the 132 MWac Claresholm Solar Project from Perimeter Solar Inc. (“Perimeter”). The Claresholm Solar Project is located in the Municipal District of Willow Creek, Alberta. In 2019, the project received regulatory approvals from the Alberta Utilities Commission and executed a 74 MWac power purchase agreement with TC Energy Corporation (TSX, NYSE: TRP) (see https://perimetersolar.ca/news-claresholm-solar-project/).

  • GlobeNewswire

    TC Energy to issue fourth quarter and year-end results February 13

    CALGARY, Alberta, Jan. 23, 2020 -- News Release -- TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) will hold a teleconference and webcast on Thursday, February 13, 2020 to.

  • CPP Pensioners: How to Make More Money Each Month
    The Motley Fool

    CPP Pensioners: How to Make More Money Each Month

    The average Canadian receives less than $700 per month in CPP benefits. Once necessities like food and shelter are accounted for, there’s not a lot of money left to live on.

  • CRA Clawback: How Retirees Can Earn an Extra $2,780 Per Year and Protect OAS Payments
    The Motley Fool

    CRA Clawback: How Retirees Can Earn an Extra $2,780 Per Year and Protect OAS Payments

    Seniors need extra income but don't want to trigger OAS clawbacks. Here's how to beat the CRA.

  • Keystone XL schedule calls for border crossing construction to start in April
    The Canadian Press

    Keystone XL schedule calls for border crossing construction to start in April

    CALGARY — TC Energy Corp. says it plans to begin construction in April to connect the Keystone XL pipeline from the United States into Canada.However, in an amended status report filed with the U.S. District Court of Montana Tuesday, it says construction of the 1.9-kilometre border-crossing segment is still dependent on receipt of a grant of right-of-way and temporary use permit from the U.S. Bureau of Land Management and necessary federal land authorizations.The Calgary-based company has been reluctant to give specific construction timelines for the oil export pipeline that was effectively mothballed by the Obama administration in 2014 and has a become a flashpoint for the climate change clash between environmentalists and the energy industry.President Donald Trump twice signed approvals aimed at clearing the way for the project to proceed, once in 2017 and again in 2019, but it has been held up by various state court challenges and injunctions ever since.In its filing, TC Energy says construction is planned to commence on certain pipeline segments in Montana and South Dakota in August and it will continue in 2021.Mobilization of equipment is expected to commence 30 to 60 days in advance of construction in each of these areas."In February, TC Energy intends to begin mobilizing heavy construction equipment to sites designated for worker camps and pipeline storage yards in Montana, South Dakota, and Nebraska," the company says in the filing."TC Energy further plans to commence tree-felling activity with landowners’ consent in certain areas in South Dakota."This report by The Canadian Press was first published Jan. 14, 2020.Companies in this story: (TSX:TRP) The Canadian Press

  • 2 Canadian Large-Cap Stocks To Buy and Hold Forever
    The Motley Fool

    2 Canadian Large-Cap Stocks To Buy and Hold Forever

    Why retirees and long-term investors can consider investing in Enbridge and TC Energy right now.

  • Bet on Canada This Year With These 3 Pipeline Stocks
    The Motley Fool

    Bet on Canada This Year With These 3 Pipeline Stocks

    Find out what makes pipeline stocks like Enbridge Inc. (TSX:ENB)(NYSE:ENB) and Inter Pipeline Ltd. (TSX:IPL) fantastic bets for the year ahead.

  • RRSP Investors: A Top Dividend Stock to Start Your 2020 Retirement Portfolio
    The Motley Fool

    RRSP Investors: A Top Dividend Stock to Start Your 2020 Retirement Portfolio

    Here's a top Canadian stock with a great track record of providing dividend growth and significant long-term returns for investors.

  • 2 Canadian Stocks That Did Better Than Amazon in 2019!
    The Motley Fool

    2 Canadian Stocks That Did Better Than Amazon in 2019!

    Amazon (NASDAQ:AMZN) stock rose 23% last year as investors benefitted from another strong year from the tech stock. However, these two stocks were even better buys.

  • 3 Pipeline Stocks With Dividends Above 4.4%
    The Motley Fool

    3 Pipeline Stocks With Dividends Above 4.4%

    Want to tap into the magic of pipeline stocks? Find out why Enbridge Inc. (TSX:ENB)(NYSE:ENB) and two other picks are your best bets.

  • Baystreet

    Futures Hike Following Christmas Break

    Futures for Canada’s main stock index rose sharply on Friday, supported by higher oil prices as upbeat ...