TRP CA87807B1076

Report

Delayed Toronto Stock Exchange - 04:00:00 2023-01-30 pm EST
56.79	CAD		-1.58%

01/26	RBC Capital Markets Says TC Energy May 'Overcorrect' Funding, Leverage	MT
01/25	BMO Capital Markets Sees Utilities Q4 Results Outperforming the Midstream Energy Sector	MT
01/25	Enbridge Downgraded to Market Perform at BMO	MT

Company

Business Summary

TC Energy Corporation is a Canada-based company, which is engaged in moving, generating and storing the energy in North America. The Company operates in three core businesses: Natural Gas Pipelines, Liquids Pipelines, and Power and Storage. Its Natural Gas Pipelines business includes its 93,300 kilometers (km) network of natural gas pipelines, which supplies approximately 25 % of the clean-burning natural gas consumed daily across North America to heat homes, fuel industries and generate power. Its Liquids Pipelines segment has its oil and liquids pipeline infrastructure, approximately 4,900 km, which connects Alberta crude oil supplies to United States refining markets in Illinois, Oklahoma, Texas and the United States Gulf Coast. Its portfolio of energy infrastructure assets includes investments in seven power generation facilities. It has five segments: Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines and Power and Storage.

Number of employees : 7 017 people.

Sales per Business

	2020		2021		Delta
U.S. Natural Gas Pipelines	5 031.00	38.7%	5 233.00	39.1%	+4.02%
Canadian Natural Gas Pipelines	4 469.00	34.4%	4 519.00	33.8%	+1.12%
Liquids Pipelines	2 371.00	18.2%	2 306.00	17.2%	-2.74%
Power and Storage	412.00	3.2%	724.00	5.4%	+75.73%
Mexico Natural Gas Pipelines	716.00	5.5%	605.00	4.5%	-15.5%
CAD in Million

Sales per region

	2020		2021		Delta
United States	6 832.00	52.6%	6 953.00	51.9%	+1.77%
Canada	5 451.00	41.9%	5 829.00	43.5%	+6.93%
Mexico	716.00	5.5%	605.00	4.5%	-15.5%
CAD in Million

Managers

Name	Title	Age	Since
Francois Poirier	President, Chief Executive Officer & Director	55	2021
Joel Hunter	Executive VP, Chief Financial & Risk Officer	54	-
Leslie Kass	Executive Vice President-Technical Centre	51	-
David Moneta	Investor Relations Contact	-	-
Nancy Angenita Johnson	Treasurer & Vice President	-	2020
Christine R. Johnston	Secretary & Vice President-Law	-	2012
Ralph Ian Hendy	Vice President-Finance	-	-
Stanley Graham Chapman	Senior Vice President	56	2016
Corey Hessen	Senior Vice President & President-Power & Storage	-	2021
Gloria L. Hartl	Vice President-Risk Management	50	2019

Members of the board

Name	Title	Age	Since
Siim Vanaselja	Chairman	65	2017
Mary Pat Salomone	Independent Director	61	2013
John Lowe	Independent Director	63	2015
Indira V. Samarasekera, Dr.	Independent Director	69	2016
Thierry Vandal	Independent Director	61	2017
Una M. Power	Independent Director	57	2019
Michael Robert Culbert	Independent Director	64	2020
Susan C. Jones	Independent Director	53	2020
David MacNaughton	Independent Director	73	2020
William Johnson	Independent Director	67	2021

Equities

	Vote	Quantity	Free-Float		Company-owned shares		Total Float
Stock A	1	1,017,871,056	1,010,213,531	99.2%	0	0.0%	96.7%
Stock B	0	14,577,000	0	0.0%	0	0.0%
Stock C	0	12,071,000	0	0.0%	0	0.0%
Stock D	0	18,000,000	0	0.0%	0	0.0%
Stock E	0	1,929,000	0	0.0%	0	0.0%

Shareholders

Name	Equities	%
Capital Research & Management Co. (World Investors)	70,347,225	7.03%
Royal Bank of Canada	59,804,454	5.98%
RBC Dominion Securities, Inc. (Investment Management)	31,907,266	3.19%
T. Rowe Price Associates, Inc. (Investment Management)	30,036,811	3.00%
Capital Research & Management Co. (International Investors)	29,642,845	2.96%
Capital Research & Management Co. (Global Investors)	28,328,830	2.83%
1832 Asset Management LP	24,328,342	2.43%
The Vanguard Group, Inc.	23,948,029	2.39%
Wellington Management Co. LLP	20,135,235	2.01%
BMO Asset Management, Inc.	19,606,146	1.96%

Name	Equities	%
BMO Asset Management, Inc.	635,823	6.36%
Mackenzie Financial Corp.	613,000	6.13%
Intact Investment Management, Inc.	552,395	5.53%
1832 Asset Management LP	527,999	5.28%
Fiera Capital Corp. (Investment Management)	414,064	4.14%
CI Investments, Inc.	383,450	3.84%
TD Asset Management, Inc.	302,298	3.02%
BlackRock Investment Management LLC	247,820	2.48%
RBC Global Asset Management, Inc.	89,525	0.90%
Slater Asset Management, Inc.	47,987	0.48%

Name	Equities	%
1832 Asset Management LP	1,531,990	10.5%
TD Asset Management, Inc.	681,206	4.67%
BMO Asset Management, Inc.	648,721	4.45%
Fiera Capital Corp. (Investment Management)	578,562	3.97%
BlackRock Investment Management LLC	371,829	2.55%
CI Investments, Inc.	199,268	1.37%
RBC Global Asset Management, Inc.	174,298	1.20%
Slater Asset Management, Inc.	114,764	0.79%
Intact Investment Management, Inc.	83,415	0.57%
Purpose Investments, Inc.	57,834	0.40%

Name	Equities	%
1832 Asset Management LP	565,466	7.62%
Intact Investment Management, Inc.	535,069	7.21%
Canso Investment Counsel Ltd.	412,857	5.56%
BlackRock Investment Management LLC	189,321	2.55%
Fiera Capital Corp. (Investment Management)	22,993	0.31%
BlackRock Asset Management Canada Ltd.	16,301	0.22%
Purpose Investments, Inc.	8,469	0.11%
TD Asset Management, Inc.	3,762	0.051%

Name	Equities	%
Fiera Capital Corp. (Investment Management)	1,145,358	9.49%
BMO Asset Management, Inc.	820,842	6.80%
RBC Global Asset Management, Inc.	686,664	5.69%
1832 Asset Management LP	549,617	4.55%
Intact Investment Management, Inc.	387,847	3.21%
BlackRock Investment Management LLC	307,946	2.55%
TD Asset Management, Inc.	250,000	2.07%
Slater Asset Management, Inc.	52,262	0.43%
Purpose Investments, Inc.	44,846	0.37%
BlackRock Asset Management Canada Ltd.	26,539	0.22%

Name	Equities	%
Canso Investment Counsel Ltd.	177,900	9.22%

Company contact information

TC Energy Corp.
1st Street South West
Suite 450
Calgary, AB T2P 5H1

Phone : +1.403.920.2000
Fax : +1.403.920.2467
Web : http://www.tcenergy.com

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Analysis

TC Energy says Keystone Pipeline operational to all delivery points

TC ENERGY CORPORATION