The company announced four new growth projects, totaling approximately $1.5B of gross capital expenditures, aligned with increasing demand for natural gas and nuclear power generation. CEO Francois Poirier commented, “With natural gas and electricity projected to drive 75% of the growth in final energy consumption through 2035, TC Energy’s (TRP) portfolio of natural gas and power assets strategically align with the vast opportunity we are seeing across our North American footprint. By focusing on safety, operational excellence, disciplined capital allocation, and maximizing the value of our assets, TC Energy will continue to deliver solid growth, low risk and repeatable performance.”
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Read More on TRP:
- TC Energy Unveils Strategic Plans for 2025
- TC Energy price target raised to C$71 from C$67 at RBC Capital
- TC Energy price target raised to C$67 from C$66 at CIBC
- TC Energy price target raised to C$66 from C$55 at BMO Capital
- TC Energy price target raised to C$74 from C$68 at Scotiabank
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
