TC Energy Corporation (TRP)
Pre-market:
- Simply Wall St.
With 83% ownership, TC Energy Corporation (TSE:TRP) boasts of strong institutional backing
Key Insights Significantly high institutional ownership implies TC Energy's stock price is sensitive to their trading...
- Zacks
TC Energy (TRP) Expects Strong Results, Boosts 2024 Outlook
TC Energy (TRP) expects an 8% increase in 2023 comparable EBITDA, exceeding expectations. It also reveals a robust 2024 outlook, emphasizing asset sales and South Bow spinoff plans.
- Reuters
UPDATE 3-Canadian pipeline operator TC Energy forecasts higher 2024 earnings
Canadian oil and gas pipeline company TC Energy said on Tuesday it expects adjusted core earnings for 2024 to be 5% to 7% higher than in 2023, in a year when a competitor completes a major oil pipeline expansion. While global natural gas prices have slumped compared to last year, prices are still high enough for companies to produce profitably, boosting pipeline demand. TC's Keystone oil pipeline, which moves crude from Alberta to U.S. Midwest refineries and the Cushing, Oklahoma storage hub, faces stiffer competition starting in the first quarter when the Canadian government-owned Trans Mountain pipeline is scheduled to complete an expansion.
