Company solidifies its position as an industry-leading natural gas infrastructure and power and energy solutions company Third quarter 2024 results to be issued on Nov. 7, 2024 Will demonstrate strategic vision and outlook at Investor Day on Nov. 19, 2024 CALGARY, Alberta, Oct. 01, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced that it has completed the spinoff of its Liquids Pipelines business into South Bow Corporation (South Bow). ...

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TC Energy Corporation (TRP) announced that it has recently encountered an obstacle that caused a delay in its deal to sell a minority stake in the NGTL System and the Foothills Pipeline assets to an indigenous-owned investment partnership in Canada. The deal, valued at C$1 billion, has been delayed owing to a transaction structuring issue. The deal, aimed at reducing TC Energy's debt, is a key part of the company's strategy to achieve its C$3 billion asset sale target for 2024. The deal, when completed, is ...

(Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images On September 09, 2024, TC Energy Corp (NYSE, TSX: TRP, $45.88, Market Capitalization: $47.5 billion) announced the distribution record date and timelines for a tax-free spin-off of the Liquids Pipelines business into South Bow Corporation (South Bow). As per the arrangement, TC Energy Corp. (TC Energy) shareholders will keep their stake in TC Energy and gain a proportional interest in Sout ...

Canada-based energy infrastructure provider TC Energy Corporation (TRP) is having a great run on the bourses lately. The stock closed Monday's session at $47.07 after setting a new 52-week high of $47.39 earlier on that day. As shown in this chart, with the advance, TRP shares are up more than 20% since the start of the year, handily outperforming the sector and the S&P 500. The company has also fared better than other midstream operators like Pembina Pipeline (PBA) and Kinder Morgan (KMI) . Image Source: Z ...

CALGARY, Alberta, Sept. 10, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) is providing an update on its previously announced equity interest purchase transaction with an Indigenous-owned investment partnership (the Purchaser), which was formed to acquire a minority equity interest in the NGTL System and the Foothills Pipeline assets. The previously announced equity interest purchase transaction with the Purchaser has been delayed due to an identifi ...

CALGARY, Alberta, Sept. 09, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced the setting of the distribution record date of Sept. 25, 2024 for the previously announced spinoff of TC Energy's Liquids Pipelines business into South Bow Corporation (South Bow), by way of a plan of arrangement (the Arrangement). Pursuant to the Arrangement, TC Energy shareholders will retain their interest in TC Energy and receive a pro rata interest in Sou ...

CALGARY, Alberta, Aug. 28, 2024 (GLOBE NEWSWIRE) -- News Release — TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) announced today that South Bow Corporation (South Bow) has closed a notes offering of approximately $7.9 billion Canadian-dollar equivalent in aggregate principal amount (the Notes Offering) related to the spinoff of TC Energy's Liquids Pipelines business (the spinoff Transaction). Establishing the independent, investment-grade debt capital structure was met with strong market interest and i ...

TC Energy Corporation (TRP) announced that it has concluded the sale of the Portland Natural Gas Transmission System ("PNGTS") along with its partner Northern New England Investment Company, which is a subsidiary of Énergir LP. The gross purchase price for the deal was $1.14 billion, including outstanding Senior Notes worth $250 million (held by PNGTS), which will be assumed by the buyers as part of the sale. These Senior Notes were previously consolidated on TC Energy's balance sheet. The cash proceeds fro ...

文章核心观点 - 公司完成了对Portland Natural Gas Transmission System (PNGTS)的出售交易 [1][2][3] - 该交易有助于公司实现2024年30亿美元资产剥离目标,并增强公司资产负债表实力 [3] - 公司将继续努力在年底前将债务与EBITDA比率控制在4.75倍以内 [3] 交易概况 - 交易总价为11.4亿美元,其中2.5亿美元为PNGTS承担的优先票据 [2] - 现金收益约7.5亿美元(5.45亿美元)归公司所有 [1] - 现金收益将按公司和合作伙伴Énergir L.P.之前的股权比例(61.7%和38.3%)进行分配 [4] - 公司将提供过渡服务,并与买家合作确保该重要天然气系统的安全有序过渡 [4] PNGTS业务表现 - PNGTS 2023年和2022年的可比EBITDA分别为1.04亿美元和1.01亿美元 [9] - 公司美国天然气管道业务分部2023年和2022年的可比EBITDA分别为32.48亿美元和31.42亿美元 [9] - 公司美国天然气管道业务分部2023年和2022年的分部收益分别为35.31亿美元和26.17亿美元 [9] 财务指标 - 截至2023年12月31日,公司调整后债务为560.88亿加元 [14] - 截至2023年12月31日,公司调整后债务与调整后可比EBITDA比率为5.1倍 [16]