TC Energy forecasts higher 2025 core profit on natgas, electricity demand [Yahoo! Finance Canada]
TC Energy Corporation (TRP)
Last tc energy corporation earnings: 5/1 07:30 am
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Source: Yahoo! Finance Canada
For 2024, the Canadian pipeline operator expects core profit to be at the upper end of C$9.9 billion to C$10.1 billion, excluding its Liquid Pipelines segment. "With natural gas and electricity projected to drive 75% of the growth in final energy consumption through 2035, TC Energy's portfolio of natural gas and power assets strategically aligns with the vast opportunity we are seeing across our North American footprint," CEO Francois Poirier said. The U.S. Energy Information Administration said gas consumption in the United States would rise from a record 89.1 billion cubic feet per day (bcfd) in 2023 to 90.1 bcfd in 2024. TC Energy also announced four new growth projects aligned with increasing demand for natural gas and nuclear power generation. One of the projects includes expanding power generation at its nuclear plant, Bruce Power, in Ontario, by adding 90 megawatts (MW), increasing its peak output to 7,000 MW. The company also said that nearly 97% of its outlook was
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News
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- TRP Revises Plan to Sale NGTL System Stake to Indigenous Communities [Yahoo! Finance]Yahoo! Finance
- TC Energy Co. (NYSE: TRP) had its price target raised by analysts at BMO Capital Markets from $66.00 to $70.00. They now have a "market perform" rating on the stock.MarketBeat
- The Smartest Dividend Stocks to Buy With $500 Right Now [Yahoo! Finance Canada]Yahoo! Finance Canada
- Indigenous equity stake in natural gas pipelines now in doubt, TC Energy says [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
TRP
Earnings
- 11/7/24 - Beat
TRP
Sec Filings
- 11/20/24 - Form 6-K
- 11/13/24 - Form SC
- 11/13/24 - Form 6-K
- TRP's page on the SEC website