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TC Energy Corp (TRP.TO)

TRP.TO on Toronto Stock Exchange

66.00CAD
19 Jul 2019
Change (% chg)

$0.27 (+0.41%)
Prev Close
$65.73
Open
$65.72
Day's High
$66.13
Day's Low
$65.58
Volume
1,361,474
Avg. Vol
2,514,427
52-wk High
$67.15
52-wk Low
$47.90

Latest Key Developments (Source: Significant Developments)

UGI Unit To Buy Columbia Midstream Group From Subsidiary Of TC Energy
Wednesday, 3 Jul 2019 

July 2 (Reuters) - UGI Corp ::UGI SUBSIDIARY TO ACQUIRE COLUMBIA MIDSTREAM GROUP, LLC FROM A SUBSIDIARY OF TC ENERGY CORPORATION.DEAL FOR APPROXIMATELY $1.275 BILLION.EXPECTS DEAL TO BE EPS NEUTRAL IN FISCAL YEAR 2020, AND ACCRETIVE BEGINNING IN FISCAL YEAR 2021 EXCLUDING TRANSACTION AND INTEGRATION COSTS.EXPECTS TO FUND TRANSACTION WITH A COMBINATION OF NEW DEBT AT UGI ENERGY SERVICES AND AVAILABLE LIQUIDITY AT UGI.TRANSACTION IS EXPECTED TO CLOSE IN UGI'S FISCAL Q4.IN CONNECTION WITH DEAL, UGI ENERGY SERVICES HAS SECURED A COMMITMENT FROM CREDIT SUISSE (USA) LLC TO PROVIDE A $700 MILLION BRIDGE FACILITY.CREDIT SUISSE IS SERVING AS UGI'S FINANCIAL ADVISOR AND LATHAM & WATKINS LLP IS SERVING AS LEGAL COUNSEL.CO'S UNIT UGI ENERGY SIGNED DEFINITIVE AGREEMENT TO ACQUIRE EQUITY INTERESTS OF COLUMBIA MIDSTREAM GROUP LLC FROM A UNIT OF TC ENERGY CORP.DEAL EXPANDS CO'S MIDSTREAM PORTFOLIO, PROVIDES OPPORTUNITY TO INVEST ADDITIONAL $300 - $500 MILLION OVER NEXT FIVE YEARS AT ATTRACTIVE RETURNS.  Full Article

Transcanada Reports Q1 Earnings Per Share C$1.09
Friday, 3 May 2019 

May 3 (Reuters) - TransCanada Corp ::TRANSCANADA REPORTS RECORD FIRST QUARTER FINANCIAL RESULTS.Q1 NON-GAAP EARNINGS PER SHARE C$1.07.Q1 EARNINGS PER SHARE C$1.09.Q1 EARNINGS PER SHARE ESTIMATE C$0.99 -- REFINITIV IBES DATA.BOARD OF DIRECTORS ALSO DECLARED A QUARTERLY DIVIDEND OF $0.75 PER COMMON SHARE FOR QUARTER ENDING JUNE 30, 2019.TRANSCANADA - CONTINUE TO METHODICALLY ADVANCE MORE THAN $20 BILLION OF PROJECTS UNDER DEVELOPMENT OF KEYSTONE XL AND BRUCE POWER LIFE EXTENSION PROGRAM.QTRLY REVENUES $3,487 MILLION VERSUS $3,424 MILLION REPORTED LAST YEAR.WELL POSITIONED TO FUND REMAINDER OF SECURED GROWTH PROGRAM THROUGH GROWING GENERATED CASH FLOW AND ACCESS TO CAPITAL MARKETS.A FINAL HEARING FOR NEB PROCESS SCHEDULED FOR Q2 2019 WITH A DECISION EXPECTED IN Q3 2019.TRANSCANADA - CONTINUES TO ADVANCE FUNDING PLANS FOR $6.2 BILLION PIPELINE PROJECT THROUGH SALE OF UP TO 75% OWNERSHIP INTEREST, POTENTIAL FINANCING.TRANSCANADA - AT COASTAL GASLINK PIPELINE PROJECT, PRE-CONSTRUCTION ACTIVITIES CONTINUE AT MANY LOCATIONS ALONG PIPELINE ROUTE.CONTINUE TO EXPECT THAT TOTAL INVESTMENT IN NAPANEE FACILITY WILL BE APPROXIMATELY $1.7 BILLION.CO IS NOT NAMED IN LAWSUIT FILED CHALLENGING VALIDITY OF NEW PRESIDENTIAL PERMIT FOR KEYSTONE XL PROJECT ISSUED ON MARCH 29.Q1 REVENUE VIEW C$3.67 BILLION -- REFINITIV IBES DATA.TRANSCANADA - COMMENCEMENT OF COMMERCIAL OPERATIONS IN NAPANEE FACILITY TO BE DELAYED INTO H2 2019 AS IT REPAIR DAMAGED EQUIPMENT.  Full Article

TransCanada Says Federal Energy Regulatory Commission Has Approved Full In-Service Of Its Mountaineer Xpress Project
Friday, 1 Mar 2019 

March 1 (Reuters) - TransCanada Corp ::TRANSCANADA'S MOUNTAINEER XPRESS PROJECT PLACED INTO SERVICE, GULF XPRESS REACHES PARTIAL IN-SERVICE.TRANSCANADA CORP - FEDERAL ENERGY REGULATORY COMMISSION HAS APPROVED FULL IN-SERVICE OF ITS MOUNTAINEER XPRESS (MXP) PROJECT.TRANSCANADA CORP - GXP IS ALSO UNDERPINNED BY LONG-TERM CONTRACTS WITH CUSTOMERS AND IS EXPECTED TO BE PLACED INTO FULL SERVICE IN COMING WEEKS.  Full Article

TC Pipelines Lp - QTRLY Adjusted Earnings Per Common Unit $1.06
Thursday, 21 Feb 2019 

Tc Pipelines Lp ::TC PIPELINES, LP ANNOUNCES 2018 FOURTH QUARTER AND YEAR END FINANCIAL RESULTS.QTRLY ADJUSTED EARNINGS PER COMMON UNIT $1.06.Q4 EARNINGS PER SHARE VIEW $0.92 -- REFINITIV IBES DATA.QTRLY LOSS PER COMMON UNIT – $5.80.QTRLY TRANSMISSION REVENUES, NET $220 MILLION VERSUS $109 MILLION.GIVEN CONTINUED UNCERTAINTY REGARDING FUTURE CASH FLOWS ON BISON, TOOK AN IMPAIRMENT CHARGE TO EARNINGS DURING Q4 ON PIPELINE.TC PIPELINES - INCURRED NET LOSS OF $413 MILLION IN QUARTER DUE TO AFOREMENTIONED NON-CASH IMPAIRMENT CHARGES PARTIALLY OFFSET BY BISON'S CONTRACT PROCEEDS.PARTNERSHIP DOES NOT ANTICIPATE FURTHER DROPDOWN TRANSACTIONS FROM TRANSCANADA UNDER CURRENT MARKET CONDITIONS.CONTINUE TO EVALUATE REDEPLOYMENT ALTERNATIVES FOR BISON PIPELINE FOLLOWING EXPIRATION OF REMAINING LONG-TERM CONTRACTS IN JAN 2021.TC PIPELINES - DURING Q4 , TWO OF BISON'S CUSTOMERS ELECTED TO PAY OUT REMAINDER OF FUTURE CONTRACTED OBLIGATIONS, TERMINATE TRANSPORTATION AGREEMENTS.RECORDED NON-CASH IMPAIRMENT CHARGE OF $537 MILLION WAS IN Q4 2018.  Full Article

Keystone pipeline restarted with 20 pct pressure reduction: PHMSA
Wednesday, 20 Feb 2019 

Feb 19 (Reuters) - TransCanada Corp ::KEYSTONE OIL PIPELINE RESTARTED WITH 20 PERCENT PRESSURE REDUCTION - U.S. REGULATOR PHMSA.  Full Article

TransCanada says on track to sell stake in Coastal GasLink in second half
Friday, 15 Feb 2019 

Feb 14 (Reuters) - TransCanada Corp executives spoke on a conference call on Thursday::TRANSCANADA EXECUTIVE VP SAYS AIMING TO START KEYSTONE XL CONSTRUCTION IN 2019, UNCERTAIN WHEN REGULATORY HURDLES WILL BE CLEARED.TRANSCANADA CFO SAYS HE IS ENCOURAGED BY INTEREST FROM POTENTIAL PARTNERS IN COASTAL GASLINK LINE, EXPECTS DECISION IN SECOND HALF.  Full Article

TransCanada Corp Q4 Earnings Per Share C$1.19
Thursday, 14 Feb 2019 

Feb 14 (Reuters) - TransCanada Corp ::TRANSCANADA REPORTS RECORD FINANCIAL RESULTS FOR 2018.Q4 NON-GAAP EARNINGS PER SHARE C$1.03.Q4 EARNINGS PER SHARE C$1.19.Q4 EARNINGS PER SHARE ESTIMATE C$0.96 -- REFINITIV IBES DATA.TRANSCANADA - CONTINUE TO ADVANCE MORE THAN $20 BILLION OF PROJECTS UNDER DEVELOPMENT INCLUDING KEYSTONE XL AND BRUCE POWER LIFE EXTENSION PROGRAM.DECLARED A QUARTERLY DIVIDEND OF $0.75 PER COMMON SHARE FOR QUARTER ENDING MARCH 31, 2019.QTRLY REVENUE $3,904 MILLION VERSUS $3,617 MILLION REPORTED LAST YEAR.SECURED COMMERCIAL SUPPORT FOR ALL AVAILABLE KEYSTONE XL PROJECT CAPACITY AND COMMENCED CERTAIN PRE-CONSTRUCTION ACTIVITIES.Q4 REVENUE VIEW C$3.83 BILLION -- REFINITIV IBES DATA.CONTINUE TO ADDRESS OUTSTANDING LEGAL CHALLENGES REGARDING KEYSTONE XL PROJECT.EXPECT NEBRASKA SUPREME COURT TO REACH DECISION IN Q1 REGARDING CHALLENGE TO NEBRASKA PUBLIC SERVICE COMMISSION'S ROUTE APPROVAL.TRANSCANADA - WELL POSITIONED TO FUND SECURED GROWTH PROGRAM THROUGH INTERNALLY GENERATED CASH FLOW, ACCESS TO CAPITAL MARKETS, PORTFOLIO MANAGEMENT.Q4 2018 RESULTS INCLUDED A $143 MILLION AFTER-TAX GAIN RELATED TO SALE OF OUR INTERESTS IN CARTIER WIND POWER FACILITIES.KARL JOHANNSON AND KRISTINE DELKUS WILL BE RETIRING FROM COMPANY IN FIRST AND SECOND QUARTERS OF 2019, RESPECTIVELY.SOUTH DAKOTA SUPREME COURT DISMISSED AN APPEAL AGAINST CERTIFICATION OF KEYSTONE XL PROJECT.  Full Article

LNG Canada CEO Calitz Says LNG Canada Intends To Continue To Advance Project And Maintain Its Construction Schedule
Friday, 11 Jan 2019 

Jan 10 (Reuters) - :LNG CANADA CEO ANDY CALITZ SAYS LNG CANADA HAS "EVERY INTENTION" TO CONTINUE TO ADVANCE ITS PROJECT AND MAINTAIN ITS CONSTRUCTION SCHEDULE.LNG CANADA CEO CALITZ SAYS "CONSCIOUS" THAT ANY DELAY IN PROJECT CAN ERODE CONFIDENCE IN BC AND CANADA TO DELIVER ENERGY PROJECTS - STATEMENT.LNG CANADA CEO ANDY CALITZ SAYS RECOGNIZE IT MAY NOT BE POSSIBLE TO GET UNANIMOUS SUPPORT FOR A MAJOR INFRASTRUCTURE PROJECT IN BC - STATEMENT.LNG CANADA CEO CALITZ SAYS HOPES RELATIONSHIP AMONG INDIGENOUS PEOPLE WHO SUPPORT AND OPPOSE LNG DEVELOPMENT IN BC, CANADA CAN BE "MENDED AND HEALED".  Full Article

Transcanada Plans Name Change To TC Energy
Wednesday, 9 Jan 2019 

Jan 9 (Reuters) - TransCanada Corp ::TRANSCANADA PLANS NAME CHANGE TO TC ENERGY.TRANSCANADA CORP - NAME CHANGE WILL BE EFFECTIVE IMMEDIATELY FOLLOWING ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS IN Q2 OF 2019.TRANSCANADA CORP - INTENDS TO CONTINUE TRADING UNDER "TRP" ON TORONTO AND NEW YORK STOCK EXCHANGES AFTER ADOPTING NEW NAME.TRANSCANADA - SHAREHOLDERS WILL BE ASKED TO APPROVE A SPECIAL RESOLUTION TO CHANGE NAME AT CO'S NEXT ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS.  Full Article

Transcanada Reaches Agreement To Sell Coolidge Generating Station For $465 Mln
Monday, 17 Dec 2018 

Dec 17 (Reuters) - TransCanada Corp ::PRESS RELEASE - TRANSCANADA REACHES AGREEMENT TO SELL COOLIDGE GENERATING STATION FOR US$465 MILLION.TRANSCANADA CORP - WHEN COMBINED, EXPECT TO REALIZE APPROXIMATELY $1.7 BILLION THAT WILL BE USED TO HELP FUND OUR NEAR-TERM CAPITAL PROGRAM.TRANSCANADA CORP - "WELL-POSITIONED TO FUND $36 BILLION OF COMMERCIALLY SECURED PROJECTS".TRANSCANADA CORP - TO SELL COOLIDGE GENERATING STATION TO SWG COOLIDGE HOLDINGS, LLC.TRANSCANADA - UNDER TERMS OF PPA, SALT RIVER PROJECT AGRICULTURAL IMPROVEMENT AND POWER DISTRICT HAS A RIGHT OF FIRST REFUSAL ON A SALE TO A THIRD PARTY.  Full Article

Houston crude prices drop as new pipelines add supplies - traders

HOUSTON West Texas Intermediate crude at Magellan East Houston this week traded at the weakest level in almost a year as new pipelines from the Permian Basin to the U.S. Gulf Coast hub have begun operations, traders said.