20:12:20 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



TC Energy Corp
Symbol TRP
Shares Issued 1,022,761,266
Close 2023-04-28 C$ 56.31
Market Cap C$ 57,591,686,888
Recent Sedar Documents

Globe/CP say TC Energy's asset sale plan "on track"

2023-05-01 08:36 ET - In the News

The Globe and Mail reports in its Saturday edition that TC Energy said it is on track to complete its plan to sell off $5-billion in assets by the end of the year, though the Calgary-based pipeline company declined to provide specifics on which assets are on the auction block. A Canadian Press dispatch to The Globe quotes TC Energy chief executive officer Francois Poirier saying on a call with analysts Friday: "I appreciate there's lots of interest in our asset sale processes and our deleveraging plan. We are at a very commercially sensitive point in our discussions. We have multiple processes under way at the moment, so we will refrain from making any specific comment on any particular asset or on where valuations are trending." TC Energy announced its divestiture program last fall, saying it would seek to sell non-core assets and minority interests to help finance its larger expansion goals without taking on large amounts of debt. The company also previously said that the greenhouse gas emissions profile of individual assets will be a factor as the company seeks to reduce its carbon footprint. On Friday, TC Energy reported a first-quarter profit of $1.31-billion, up from $358-million in the same quarter last year.

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