September 20, 2020 - NFI
New! NFI Group Inc. Q2-2020 Earnings, Price Target Update .....
September 18, 2020 - CU
Canadian Utilities Ltd Q2-2020 Earnings, Price Target Update .....
September 15, 2020 - EMA
Emera Inc. - Q2-2020 Earnings, Price Target Update .....
September 14, 2020 - FTS
Fortis Inc. Q2-2020 Earnings, Price Target Update .....
September 13, 2020 - NTR
Nutrien Inc - Q2-2020 Earnings, Price Target Update .....
September 12, 2020 - IAG
iA Financial Corporation Inc. Q2-2020 Earnings, Price Target .....
September 11, 2020 - MIC
Genworth MI Canada Inc. Q2-2020 Earnings, Price Target Update .....
September 10, 2020 - POW
Power Corporation of Canada - Q2-2012 Earnings & Price Target Update .....
Recommendation Changes
NTR, CNQ, SU, NWC, CPX, more...

TC Energy Corp. Q1-2020 Earnings - Price Target Update

This is only a sample of the article, please login to view the entire article

TC Energy Corp. (TRP-TSX, TRP-NYSE) (formerly TransCanada Corp) is a North American energy infrastructure company with $107.8B in assets as at Mar-31-2020, up from $99.2B at Dec-31-2019. The increase is mainly from capital development program of which $1.6B was placed into service during Q1-2020. The capital program consists of $43B of secured projects which include commercially contracted projects that are either under construction or are in or preparing to commence the permitting stage. An additional $11B of projects is under development and still subject to receipt of final approvals. The corporate name has been changed from TransCanada Corp. to TC Energy Corp. to better reflect their geographic presence in Canada, the US and Mexico. They operate in 5 segments: Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines and Energy. Canadian natural gas pipelines contribute 24% of revenues, US natural gas pipelines-40%, Mexico natural gas pipelines- 10%, Oil pipelines-18% and Power Generation at 8%. They operate in seven Canadian provinces, 38 U.S. states and Mexico. During the next four years the major projects are the expansion of the NGTL system that gathers natural gas in the Western Canadian Sedimentary Basis for delivery on their mainline system and for planned connection to the Coastal Gas Link that runs to Kitimat. The budget for NGTL and Coastal Gas Link projects is $14.5B. Expansion of the US natural gas pipelines is budgeted at $11B. The longer term portion of the capital budget is mainly for Keystone XL and Bruce Power Nuclear facility upgrade. Keystone XL and the Coastal Gas Link are in the final stages of regulatory approval.

Business Segments

TC Energy Corp operates as an energy infrastructure company, consisting of pipeline and power generation assets in Canada, the United States, and Mexico. TC Energy Corp. operates one of the largest natural gas transmission networks extending more 92,600 km (57,500 miles), tapping into virtually all major gas supply basins in North America. TC Energy Corp. is a leading provider of gas storage and related services with 653B cubic feet of storage capacity. A large independent power producer, TC Energy Corp. owns or has interests in 3876MW of power generation in Canada and the United States operating from4 facilities. This is a decrease from 6,600MW a Dec-31-2019 due to disposition. TC Energy Corp. is also the developer and operator of oil pipeline systems that extend 4,900 kilometres (3,000 miles), connecting growing continental oil supplies to key markets and refineries. US natural gas pipelines now include the Columbia Pipeline acquisition in Jul-2016 for $10.3B.

You must be a member to view the entire article, please subscribe or login

New Issues & Acquisition
September 18, 2020
New! Coverage Universe - Weekly Price Change: Sept 11-18, 2020
September 11, 2020
Coverage Universe - Weekly Price Change: Sept 4-11, 2020
September 4, 2020
Coverage Universe - Weekly Price Change: Aug 28-Sept 4, 2020
August 29, 2020
Coverage Universe - Weekly Price Change: Aug 21-28 , 2020
August 28, 2020
BSR REIT - 5% Convertible Debenture New Issue
August 26, 2020
ECN Capital Corp. 6% Redeemable Debentures New Issue
August 21, 2020
Coverage Universe - Weekly Price Change: Aug 14-21, 2020
August 19, 2020
Chemtrade Logistics Income Fund -Convertible Debenture 8.5% New Issue