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TC Energy ( (TSE:TRP) ) has provided an announcement.
TC Energy reported strong financial and operational results for the fourth quarter of 2024, with significant achievements including the mechanical completion of the Southeast Gateway pipeline project, which was completed 13% under budget. The company announced a 3.3% increase in its quarterly dividend, marking the 25th consecutive year of dividend growth. The completion of the Southeast Gateway pipeline is expected to be a major milestone for TC Energy, as it will enhance energy access in Southeast Mexico. Additionally, despite the spinoff of its Liquids Pipelines business, TC Energy achieved a substantial increase in segmented earnings, driven by strategic project executions and operational excellence.
More about TC Energy
TC Energy Corporation operates in the energy sector, primarily focusing on natural gas and oil pipelines, along with power generation. The company is known for its extensive network of pipelines in North America and is involved in providing energy solutions to enhance energy security and sustainability.
YTD Price Performance: 0.06%
Average Trading Volume: 2,170,551
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $49.15B
For a thorough assessment of TRP stock, go to TipRanks’ Stock Analysis page.
