TC Energy

TC Energy Corporation engages in the provision of energy infrastructure services. It operates through the following business segments: Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, Power and Storage, and Corporate. The Canadian Natural Gas Pipelines segment consists of regulated natural gas pipelines. The U.S. Natural Gas Pipelines segment manages the regulated natural gas pipelines, regulated natural gas storage facilities, midstream, and other assets. The Mexico Natural Gas Pipelines invests on regulated natural gas pipelines in Mexico. The Liquids Pipelines handles investments on crude oil pipeline systems. The Power and Storage segment consists of power generation plants and non-regulated natural gas storage facilities. The company was founded in 1951 and is headquartered in Calgary, Canada.

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TC Energy Corp. engages in the provision of energy infrastructure services. It operates through the following business segments: Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, Power and Energy Solutions, and Corporate. The Canadian Natural Gas Pipelines segment refers to regulated natural gas pipelines. The U.S. Natural Gas Pipelines segment manages the regulated natural gas pipelines, regulated natural gas storage facilities, midstream, and other assets. The Mexico Natural Gas Pipelines invests on regulated natural gas pipelines in Mexico. The Liquids Pipelines handles investments in crude oil pipeline systems. The Power and Energy Solutions segment include power generation plants and non-regulated natural gas storage facilities. The company was founded in 1951 and is headquartered in Calgary, Canada.

Until now, we have recommended avoiding TC Energy Corporation shares due to ongoing operational and management issues. However, the shares have fallen to a point that overly discounts the company's troubles and ignores its high-quality assets and growth prospects. We're upgrading our rating to Buy with a $54 price target.

TC Energy Shares Have Fallen Too Far (Rating Upgrade)

North American pipeline company TC Energy , which has been seeking to sell assets and cut debt, said on Thursday it would spin off its oil pipeline business and focus on transporting natural gas, saying the businesses would be more valuable apart.

TC Energy to spin off oil pipeline business

Unlocking incremental shareholder value through spinning off Liquids Pipelines, integrating our Natural Gas Pipelines business units and utilizing strategic partnerships to enable energy transition and drive energy security

TC Energy reports solid second quarter 2023 results, while significantly advancing Coastal GasLink and Southeast Gateway projects to planned cost and schedule

Separation of the two companies enables greater contribution to energy transition and security Separation of the two companies enables greater contribution to energy transition and security

TC Energy to unlock value by creating two premium energy infrastructure companies with intention to spin off Liquids Pipelines business

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TC Energy (TRP) plans to sell a 40% interest in its Columbia Gas Transmission and Columbia Gulf Transmission systems to Global Infrastructure Partners for raising capital and reducing debt.

TC Energy (TRP) Sells Pipeline Stake to GIP in a $3.9B Deal

The mean of analysts' price targets for TC Energy (TRP) points to a 27.2% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts See a 27.19% Upside in TC Energy (TRP): Can the Stock Really Move This High?

TC Energy Corporation told investors it has entered into a deal to monetise a 40% interest in its Columbia Gas Transmission (Columbia Gas) and Columbia Gulf Transmission (Columbia Gulf) systems. The company announced in a statement that the two units will be held in a new joint venture (JV) partnership with private equity firm Global Infrastructure Partners (GIP), which will pay C$5.2 billion (US$3.9 billion) in cash for the 40% stake.

TC Energy announces sale of 40% stake in Columbia gas and Columbia Gulf for C$5.2B

TC Energy said on Monday it has entered into an agreement to sell a 40% interest in its Columbia Gas Transmission and Columbia Gulf Transmission pipelines for C$5.2 billion ($3.95 billion).

TC Energy to sell 40% interest in Columbia Gas and Columbia Gulf pipelines for C$5.2 bln

TC Energy Corp. TRP, +0.30% TRP, +0.64% said Monday it agreed to sell a 40% interest in its Columbia Gas Transmission LLC and Columbia Gulf Transmission LLC to private equity firm Global Infrastructure Partners (GIP) for C$5.2 billion ($3.9 billion) in cash. TC Energy will continue to operate the pipelines while TC Energy and GIP will jointly invest in annual maintenance, modernization and provide growth capital to enhance capacity in the system.

TC Energy sells 40% stake in transmission projects to Global Infrastructure Partners for $3.9 bln

CALGARY, Alberta, July 24, 2023 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) announced that it has entered into an agreement to monetize a 40 per cent interest in its Columbia Gas Transmission, LLC (Columbia Gas) and Columbia Gulf Transmission, LLC (Columbia Gulf) systems. Columbia Gas and Columbia Gulf will be held in a new joint venture partnership with Global Infrastructure Partners (GIP). Total proceeds for the transaction are expected to be $5.2 billion (US$3.9 billion) in cash, to be paid at closing, subject to certain customary adjustments. The value of the 40 per cent equity interest implies an enterprise value to a comparable EBITDA1 multiple of approximately 10.5 times TC Energy's base 2023 outlook and expected run-rate capital structure for the partnership entity.

TC Energy partners with Global Infrastructure Partners through $5.2 billion sale of a 40 per cent equity interest in Columbia Gas and Columbia Gulf

TC Energy (TRP) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

TC Energy (TRP) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release

A financial advisor can help you understand the advantages and disadvantages of investment properties.

TC Energy's (TRP) Pumped Storage Project Nears Final Evaluation

Canada's TC Energy on Wednesday urged policymakers to streamline permitting for repurposing oil and gas infrastructure to advance energy transition projects and reduce greenhouse gas emissions.

TC Energy urges Canada to speed permits for energy transition projects

CALGARY, Alberta, July 12, 2023 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) will hold a teleconference and webcast on Friday, July 28, 2023, to discuss its second quarter financial results, which will be released pre-market.

TC Energy to issue 2023 second quarter financial results

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TC Energy's Pumped Storage Project moving to final evaluation

While TC Energy (TRP) strongly disagrees with the ruling, it is currently evaluating its options for appeal once the final judgment is entered and the allocation of liability is determined.

TC Energy (TRP) Hit With Setback in Adverse Court Ruling

CALGARY, Alberta, July 02, 2023 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) announced today that the Delaware Chancery Court (the “Court”) issued a ruling against TC Energy in a class action lawsuit brought on behalf of the former shareholders of Columbia Pipeline Group Inc. ("Columbia") related to the acquisition of Columbia by TC Energy in July 2016. TC Energy strongly disagrees with the Court's ruling and is evaluating its options for appeal once final judgment is entered. The same Delaware Chancery Court had previously confirmed, after trial in an appraisal rights action filed in 2016, that the $25.50 per share that TC Energy paid Columbia shareholders was fair value.

TC Energy expects to appeal Delaware Court rulings in lawsuit related to 2016 Columbia Pipeline acquisition

TC Energy is a leading energy infrastructure company with extensive pipeline networks in the United States, Canada, and Mexico, ensuring stable cash flow and earnings. The company has strong financials and promising market outlook, with increasing natural gas prices and exports expected in the coming years. Despite potential risks, such as fluctuating commodity prices and global economic conditions, TC Energy is an excellent low-risk investment opportunity with solid long-term growth potential.

TC Energy's Diverse Assets Yield Low-Risk Operations And Stable Cash Flow

TC Energy Corporation is one of the largest midstream corporations in North America, boasting operations stretching from Canada to Mexico. The company makes the majority of its income from transporting and storing natural gas, which differentiates it from liquids-focused peers. The company promotes itself as a "sustainable energy" firm, but the majority of its growth spending is on natural gas pipelines.

TC Energy: High Yield And Exposure To The Energy Transition

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Over 60 per cent of secured capital projects directly enable global climate goals Over 60 per cent of secured capital projects directly enable global climate goals

TC Energy's strategic alignment of 2023 priorities and energy transition, showcased at Sustainable Energy Forum

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News for TC Energy Stock (TRP)