TC Energy Corp T.TRP

Alternate Symbol(s): TRPEF | TNCAF | T.TRP.P.A | TCANF | T.TRP.P.B | TRPPF | TCNCF | T.TRP.P.C | TRPRF | T.TRP.P.D | T.TRP.P.E | T.TRP.P.F | T.TRP.P.G | T.TRP.P.H | TCENF | TRP | T.TRP.P.I | TCEYF

Energy Oil & Gas Midstream

TC Energy Corporation is a Canada-based energy problem solver working to move, generate and store the energy in North America. Its segments include Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines and Mexico Natural Gas Pipelines, Liquids Pipelines and Power and Energy Solutions. The Company's business includes Energy Solutions, Natural Gas, Oil and Liquids and Power and Storage. The Natural Gas business includes its 93,300 kilometers (km) (57,900 miles) network of natural gas pipelines, which supplies more than 25 % of the clean-burning natural gas consumed daily across North America to heat homes, fuel industries and generate power. The Oil and Liquids business has its oil & 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.

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Post by Possibleidiot01on Nov 28, 2023 6:31am

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Post# 35755698

Trevor Rose's Insights - PARTIAL BUY

PARTIAL BUY

TRP currently has a high debt load, with a net debt of and net debt/EBITDA reaching 8.2x, which is high compared to peers and to TRP’s historical range as well. The total capex is also quite high, estimated to be around $12B, which accounts all the operating cash flow. This is very common for the sector, though, and TRP is not unique here.

The encouraging news is that TRP is accelerating the deleveraging process by divesting $5+ billion in assets as recently TRP completed the sale of 40% of a non-controlling equity interest.
Overall, we don’t like too much debt, but cash flow is stable and the business is regulated. We consider it 'OK' for income but do prefer ENB and PPL.
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oil / gas pipelines

$49.910