TRP

In May 2026, TC Energy Corporation reported strong first-quarter results, with comparable EBITDA up 14% year over year and segmented earnings rising 10%, while also approving the US$1.50 billion Appalachia Supply Project to expand its Columbia Gas system for growing power generation and industrial demand. This combination of improved operating performance and a large, sanctioned gas expansion project highlights how TC Energy is still committing significant capital to natural gas infrastructure amid an evolving energy landscape. Next, we’ll examine how the sanctioned US$1.50 billion Appalachia Supply Project could influence TC Energy’s existing investment narrative. Uncover the next big thing with 12 elite penny stocks that balance risk and reward. To own TC Energy, you generally need to believe that long-lived North American gas pipelines, backed by regulated and contracted cash flows, can keep supporting earnings and dividends despite capital intensity and regulatory scrutiny. The strong Q1 EBITDA and earnings lift, along with the sanctioned US$1.50 billion Appalachia Supply Project, reinforces the near term growth pipeline but does not remove the key risk that heavy debt and interest costs could pressure financial flexibility if conditions tighten. Among recent announcements, the 3.2% increase in the quarterly dividend to C$0.8775 per share for Q1 2026 stands out in light of the Appalachia Supply Project. For investors focused on income, a higher dividend alongside a sizable new gas expansion underscores management’s commitment to returning cash while still funding growth projects, which ties directly into the catalyst of balance sheet optimization and the company’s ability to sustain these payouts over time. Yet behind the higher dividend and new project sanctions, investors should be aware that rising leverage and interest coverage remain... Read the full narrative on TC Energy (it's free!) TC Energy's narrative projects CA$17.7 billion revenue and CA$5.1 billion earnings by 2029. Uncover how TC Energy's forecasts yield a CA$91.30 fair value, a 7% downside to its current price. Four Simply Wall St Community fair value estimates span about C$38 to C$91 per share, underlining how far apart individual views can be. Against that backdrop, the sizable Appalachia Supply Project sits at the center of the debate on future cash flows and balance sheet strength, w...

The Williams Companies, Inc. WMB reported first-quarter 2026 adjusted earnings per share of 73 cents, which beat the Zacks Consensus Estimate of 65 cents. The bottom line increased from the year-ago period’s level of 60 cents, driven mainly by a 12.5% decrease in costs and expenses. Moreover, better-than-expected performance of its Transmission, Power & Gulf, Northeast G&P, West and Gas & NGL Marketing Services segments also contributed, with increases of 17.2%, 1.9%, 15.8% and 46.5%, respectively, from the year-ago quarter’s level. The Tulsa, OK-based oil and gas storage and transportation company’s revenues of $3 billion missed the Zacks Consensus Estimate of $3.3 billion. The figure decreased marginally by 0.6% from the year-ago quarter’s reported revenues. This can be attributed to lower service revenues tied to commodity contracts and an increased loss from commodity derivative instruments. Williams Companies, Inc. (The) price-consensus-eps-surprise-chart | Williams Companies, Inc. (The) Quote Adjusted EBITDA totaled $2.3 billion in the quarter under review, which was up 13.3% year over year. Cash flow from operations amounted to $1.6 billion, up 12% from the corresponding quarter of 2025. Transmission, Power & Gulf: The segment reported an adjusted EBITDA of $1 billion, up 17.2% from the year-ago quarter’s level. The increase was driven by contributions from Transco’s higher net rates and expansion projects, new Gulf volumes associated with Shenandoah, Whale and Ballymore, and higher storage revenues due to winter storms and higher rates. However, the figure missed the Zacks Consensus Estimate by 0.8%. Northeast G&P: Driven primarily by higher volumes at Ohio Valley Midstream and higher gathering volumes and rates at Bradford within Appalachia Midstream, this segment registered an adjusted EBITDA of $524 million. This represents a 1.9% increase from $514 million in the year-earlier quarter. It beat the Zacks Consensus Estimate of $513 million. West: This segment focuses on the gathering and processing of assets in the Western United States. Adjusted EBITDA for this segment totaled $410 million, up 15.8% from the prior-year quarter’s level of $354 million. Strong results were fueled by Louisiana Energy Gateway, which was placed into service, as well as higher gathering volumes, including contributions from the 2025 Rimrock and Saber acquisitions. Moreov...

Canadian Natural Resources Limited CNQ reported first-quarter 2026 adjusted earnings per share of 85 cents, which beat the Zacks Consensus Estimate of 74 cents and increased from 81 cents in the year-ago quarter. The outperformance can be attributed to strong operational performance and higher realized natural gas prices. Total revenues of $7.9 billion increased from $7.6 billion in the prior-year period, fueled by increased production volumes. Additionally, the figure beat the Zacks Consensus Estimate of $7.5 billion. Canadian Natural Resources Limited price-consensus-eps-surprise-chart | Canadian Natural Resources Limited Quote On May 6, CNQ’s board of directors approved a quarterly cash dividend of 62.5 Canadian cents per common share. The dividend will be payable on July 7, 2026, to its shareholders of record as of the close of business on June 19. This marks the company's continued commitment to returning value to its shareholders. This commitment is further evidenced by CNQ's impressive track record of growing and sustaining its dividend for 26 years, boasting a remarkable 20% annual growth rate over that period. In the first quarter of 2026, the company returned around C$1.5 billion directly to its shareholders. This included C$1.2 billion in dividends and C$0.3 billion from the repurchase. The oil and gas exploration and production company delivered strong financial results in the first quarter of 2026, highlighted by net earnings of approximately C$1.3 billion. Furthermore, CNQ reported robust adjusted net earnings from operations of approximately C$2.4 billion. This strong performance was also reflected in its cash flow. Cash flows from operating activities totaled approximately C$3.3 billion, and adjusted funds flow also reached approximately C$4.4 billion. Up to May 6, 2026, the Calgary-based company delivered significant returns to its shareholders, amounting to approximately C$3.2 billion. This total was composed of C$2.5 billion in dividends and C$0.7 billion through the repurchase. Canadian Natural reported quarterly production of 1,643,160 barrels of oil equivalent per day (Boe/d), up 3.8% from the prior-year quarter’s level. The figure missed our estimate of 1,646,471Boe/d. The oil and NGL output (accounting for around 73% of total volumes) increased to 1,198,079barrels per day (Bbl/d) from 1,173,804 Bbl/d recorded a year ago. The figure mi...

CALGARY, Alberta, May 07, 2026 (GLOBE NEWSWIRE) -- TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced that at its 2026 annual meeting of shareholders held earlier today, each of the following 13 nominees were elected as directors of TC Energy on a vote by ballot to serve until the next annual meeting of shareholders of TC Energy, or until their successors are elected or earlier appointed: Final voting results on all matters voted on at the meeting will be filed on SEDAR+ (www.sedarplus.ca) and EDGAR (www.sec.gov) and posted to the Investors section of the Company website at www.tcenergy.com by Friday, May 8, 2026. About TC Energy We are a leader in North American energy infrastructure, spanning Canada, the U.S. and Mexico. Every day, our dedicated team proudly connects the world to the energy it needs, moving over 30 per cent of the cleaner-burning natural gas used across the continent. Complemented by strategic ownership and low-risk investments in power generation, our infrastructure fuels industries and generates affordable, reliable and sustainable power across North America, while enabling LNG exports to global markets. Our business is based on the connections we make. By partnering with communities, businesses and leaders across our extensive energy network, we unlock opportunity today and for generations to come. TC Energy’s common shares trade on the Toronto (TSX) and New York (NYSE) stock exchanges under the symbol TRP. To learn more, visit us at TCEnergy.com. FORWARD-LOOKING INFORMATION This release contains certain information that is forward-looking and is subject to important risks and uncertainties (such statements are usually accompanied by words such as "anticipate", "expect", "believe", "may", "will", "should", "estimate", "intend" or other similar words). Forward-looking statements in this document are intended to provide TC Energy security holders and potential investors with information regarding TC Energy and its subsidiaries, including management's assessment of TC Energy's and its subsidiaries' future plans and financial outlook. All forward-looking statements reflect TC Energy's beliefs and assumptions based on information available at the time the statements were made and as such are not guarantees of future performance. As actual results could vary significantly from the forward-looking information, yo...

TC Energy Corporation TRP reported first-quarter 2026 adjusted earnings of 72 cents per share, which beat the Zacks Consensus Estimate of 70 cents. Moreover, the bottom line increased from 66 cents reported in the year-ago period. This outperformance was driven by robust results from all the reportable segments of the company. This North American energy infrastructure provider's quarterly revenues of $2.8 billion missed the Zacks Consensus Estimate by 5%. However, the figure increased 11.5% year over year. TC Energy Corporation price-consensus-eps-surprise-chart | TC Energy Corporation Quote TC Energy’s comparable EBITDA increased to C$3.1 billion from C$2.7 billion in the prior year. TRP’s board of directors declared a quarterly dividend of 87.75 Canadian cents per common share for the quarter ending June 30, 2026, translating to an annualized dividend rate of C$3.51. The dividend will be payable on July 31, 2026, to its shareholders of record on June 30. Canadian Natural Gas Pipelines reported a comparable EBITDA of C$919 million, up 3.3% from the year-ago quarter’s level. TRP reported that Canadian Natural Gas Pipelines deliveries averaged 29.7 billion cubic feet per day (Bcf/d), marking a 3% increase from the year-ago quarter’s level and achieving a new all-time delivery record of 33.2 Bcf on Jan. 22, 2026. The company posted that Canadian Mainline Western receipts averaged 5 Bcf/d, in line with the year-ago quarter’s level. U.S. Natural Gas Pipelines reported a comparable EBITDA of C$1,497 million, indicating a 9.5% increase from the prior-year quarter’s actual. U.S. Natural Gas Pipelines recorded daily average flows of 32.6 Bcf/d, marking a 5% increase from the first quarter of 2025. The segment also reached a new all-time delivery record of 39.9 Bcf on Jan. 29, 2026. Deliveries to LNG facilities averaged 3.9 Bcf/d, up 12% from the prior-year quarter. Mexico Natural Gas Pipelines reported a comparable EBITDA of C$432 million, up 85.4% from the year-ago quarter’s reported figure of C$233 million. TRP reported that Mexico Natural Gas Pipelines flows in the first quarter averaged 2.8 Bcf/d, which was lower than the year-ago quarter’s level due to adjustments made to the pipeline flows. Additionally, deliveries to power generation facilities averaged 1.2 Bcf/d in the first quarter of 2026, in line with first-quarter 2025. Power and Energy Solutions registe...

Record first-quarter comparable EBITDA: TC Energy generated over CAD 3 billion of comparable EBITDA (up 14% YoY and the first quarter above CAD 3 billion from continuing operations), driven by contributions across all business units and several operational delivery records. New U.S. growth project sanctioned: The company sanctioned the CAD 1.5 billion Appalachia Supply Project on Columbia Gas — a 20‑year take‑or‑pay deal adding 0.8 Bcf/d (expandable to 2 Bcf/d), targeting 2030 in‑service with a ~7.3x build multiple. Outlook and capital plan reaffirmed: Management reiterated 2026 guidance of CAD 11.6–11.8 billion and a 2028 target of CAD 12.6–13.1 billion, backed by a CAD 21 billion pipeline and plans to support up to CAD 6 billion annual net capital deployment while maintaining a 4.75x leverage target; customer settlements and oversubscribed open seasons point to robust Midwest and Ohio demand. Interested in TC Energy Corporation? Here are five stocks we like better. 3 Boring Infrastructure Stocks That Could Beat the Market in 2026 TC Energy (NYSE:TRP) opened 2026 with what management described as strong momentum, highlighting record first-quarter comparable EBITDA and a new U.S. growth investment anchored by long-term contracted demand. President and CEO François Poirier said the company entered 2026 “delivering against a clear and consistent set of strategic priorities,” including what he called its best safety performance in six years. TC Energy generated “over CAD 3 billion of comparable EBITDA,” up 14% year-over-year, which Poirier framed as evidence of stable performance amid market and geopolitical volatility. → 5 Stocks to Buy in May Before the Next AI Surge Hits Bet on These 3 High-Yield Stocks as Natural Gas Demand Grows Executive Vice President and CFO Sean O’Donnell said the quarter marked “the first time that we generated more than CAD 3 billion of comparable EBITDA from continuing operations in a single quarter.” O’Donnell attributed the growth to contributions across all four business units, noting the company’s Mexico and U.S. natural gas businesses benefited from placing “over CAD 8 billion of new assets into service in 2025.” He also cited higher flow-through depreciation and NGTL incentive earnings in Canadian natural gas pipelines, along with higher contributions from Bruce Power in the Power and Energy Solutions segment. On operations, O...

This article first appeared on GuruFocus. Comparable EBITDA: Over $3 billion, up 14% year-over-year. 2026 Comparable EBITDA Outlook: $11.6 billion to $11.8 billion. 2028 Comparable EBITDA Outlook: $12.6 billion to $13.1 billion. Bruce Power Availability: 88% in Q1, expected low 90% for full year 2026. Alberta Cogeneration Fleet Availability: 99.5%. Columbia Gas System Investment: $1.5 billion Appalachia supply project. ANR System Investment: Nearly $3 billion over six years, adding 1.1 Bcf per day capacity. Bruce Power Free Cash Flow: Expected to reach $1 billion annually by 2032, increasing to $2 billion by 2035. Capital Deployment Target: Up to $6 billion annually. Leverage Target: 4.75x. Warning! GuruFocus has detected 12 Warning Signs with TRP. Is TRP fairly valued? Test your thesis with our free DCF calculator. Release Date: May 01, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. TC Energy Corp (NYSE:TRP) reported a 14% year-over-year increase in comparable EBITDA, reaching over $3 billion, marking a strong start to 2026. The company achieved its best safety performance in six years, highlighting its commitment to operational excellence. TC Energy Corp (NYSE:TRP) announced a strategic $1.5 billion investment in the Columbia Gas system, which is expected to deliver solid risk-adjusted returns. The company successfully reached settlement agreements with customers on its Canadian mainline, ANR, and Great Lakes assets, supporting its EBITDA outlook. Strong customer demand was evident with oversubscribed open seasons in Ohio and on the Crossroads system, indicating robust growth potential. The execution of the Bruce Power MCR program, while on track, requires significant capital investment and long-term commitment. The company's leverage target of 4.75x remains a focus, indicating ongoing pressure to manage debt levels amid capital expansion. The strategic investment in the Appalachia supply project, while promising, involves a long-term timeline with an anticipated in-service date of 2030. The company faces potential challenges in maintaining project execution excellence and managing supply chain constraints. The regulatory and permitting environment remains a potential risk factor that could impact project timelines and execution. Q: Can you provide insights into the economics of the Appalachia supp...

Safety and operational excellence drive seven delivery records across North America Approves US$1.5 billion Columbia Gas expansion project, extending reach into high-demand market CALGARY, Alberta, May 01, 2026 (GLOBE NEWSWIRE) -- TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) released its first quarter results today. François Poirier, TC Energy’s President and Chief Executive Officer commented, "We entered 2026 with strong momentum. Our best safety performance in six years drove seven delivery records across North America, while consistent execution delivered strong financial results, with comparable EBITDA1 up 14 per cent and segmented earnings up 10 per cent compared to first quarter 2025.” Poirier continued, "Constructive market conditions continue to translate into attractive, disciplined growth opportunities. Today, I’m pleased to announce the Appalachia Supply Project, a US$1.5 billion, low‑risk, strategic expansion on our Columbia Gas system that is expected to strengthen our position and create a new platform for capital-efficient opportunities in a high‑growth power and industrial corridor. Customer demand continues to validate our strategy; our recent 2.5x oversubscribed open season on Crossroads reinforces the strength of our project origination backlog and provides clear visibility to long-term, high-quality growth.” Financial Highlights (All financial figures are unaudited and in Canadian dollars unless otherwise noted) First quarter 2026 financial results: Comparable earnings1 of $1.0 billion or $0.99 per common share1 compared to $1.0 billion or $0.95 per common share in first quarter 2025 Net income attributable to common shares of $0.9 billion or $0.86 per common share compared to $1.0 billion or $0.94 per common share in first quarter 2025 Comparable EBITDA of $3.1 billion compared to $2.7 billion in first quarter 2025 Segmented earnings of $2.2 billion compared to $2.0 billion in first quarter 2025 TC Energy’s Board of Directors declared a quarterly dividend of $0.8775 per common share for the quarter ending June 30, 2026 Reaffirming 2026 outlook: We expect our 2026 comparable EBITDA and comparable earnings per common share (EPS) outlooks to be higher than 2025, consistent with our 2025 Annual Report Comparable EBITDA is expected to be $11.6 to $11.8 billion Capital expenditures are anticipated to be $6.0 to $6.5 billio...

TC Energy (TRP) reported Q1 comparable earnings Friday of 0.99 Canadian dollars ($0.73) per share, u

CALGARY, Alberta (AP) — CALGARY, Alberta (AP) — TC Energy Corporation (TRP) on Friday reported first-quarter profit of $675.8 million. The Calgary, Alberta-based company said it had profit of 63 cents per share. Earnings, adjusted for non-recurring costs, were 72 cents per share. The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 70 cents per share. The energy infrastructure company posted revenue of $2.81 billion in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TRP at https://www.zacks.com/ap/TRP

TC Energy (TRP) came out with quarterly earnings of $0.72 per share, beating the Zacks Consensus Estimate of $0.7 per share. This compares to earnings of $0.66 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +2.56%. A quarter ago, it was expected that this energy infrastructure company would post earnings of $0.65 per share when it actually produced earnings of $0.7, delivering a surprise of +7.69%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. TC Energy, which belongs to the Zacks Alternative Energy - Other industry, posted revenues of $2.81 billion for the quarter ended March 2026, missing the Zacks Consensus Estimate by 4.97%. This compares to year-ago revenues of $2.52 billion. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. TC Energy shares have added about 21.7% since the beginning of the year versus the S&P 500's gain of 5.3%. While TC Energy has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for TC Energy was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Str...

Tudor, Pickering, Holt on Friday maintained its buy rating on the shares of TC Energy (TRP.TO, TRP)