TRP Stock Recent News

TC Energy (TRP) states that the sale of the Portland Natural Gas Transmission System is part of its commitment to deliver $3 billion in asset divestitures.

CALGARY, Alberta, Aug. 15, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) and its partner Northern New England Investment Company, Inc., a subsidiary of Énergir L.P. (Énergir), today announced the successful completion of the sale of Portland Natural Gas Transmission System (PNGTS). The gross purchase price of US$1.14 billion includes US$250 million of outstanding Senior Notes held at PNGTS and consolidated on TC Energy's balance sheet, assumed by the buyers.

The midstream sector, especially TC Energy, has gained prominence for income investors due to its stable, volume-based revenue streams. TRP benefits from a robust North American infrastructure and growth in natural gas demand, supported by strategic divestitures and new investments. With a 6% dividend yield and improving financials, TRP offers strong income potential. However, currency risks and modest dividend growth may be concerns.

TC Energy (TRP) anticipates its 2024 comparable EBITDA to be between C$11.2 billion and C$11.5 billion, and net capital expenditures in the range of C$8-C$8.5 billion.

TC Energy's (TRP) historic partnership with the Indigenous Communities should enable the latter to gain access to long-term revenue sources, creating a positive change for the communities.

Tower Resources PLC (AIM:TRP) has announced an extension of its Initial Exploration Period for its PEL 96 license, offshore Namibia. The company, in a statement, noted that the initial exploration period of the licence will move out until the end of October, and, the Namibian authorities have invited the company to apply to enter its first renewal period which will subsequently run for two to three years.

TC Energy Corporation (NYSE:TRP ) Q2 2024 Earnings Conference Call Aug 0, 2024 8:30 AM ET Company Participants Gavin Wylie - Vice President of Investor Relations Francois Poirier - CEO, President & Director Sean O'Donnell - Executive VP & CFO Stan Chapman - Executive VP & COO of Natural Gas Pipelines Annesley Wallace - Executive VP of Strategy, Corporate Development and President of Power & Energy Solutions Conference Call Participants Praneeth Satish - Wells Fargo Theresa Chen - Barclays Ben Pham - BMO Robert Kwan - RBC Capital Markets Vrathan Reddy - JPMorgan Keith Stanley - Wolfe Research Robert Catellier - CIBC Capital Markets John Mackay - Goldman Sachs Zack Everen - TPH Patrick Kenny - National Bank Financial Operator Thank you for standing by. This is the conference operator.

TC Energy (TRP) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.71 per share a year ago.

Pipeline operator TC Energy beat second-quarter profit estimates on Thursday, helped by strength in its natural gas pipelines.

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.