TRP:CC - TC Energy Corporation (TRP) Q1 2024 Earnings Call Transcript

2024-05-03 12:10:18 ET

TC Energy Corporation (TRP)

Q1 2024 Earnings Call Transcript

May 3, 2024 08:30 AM ET

Company Participants

Gavin Wylie - VP, IR

Francois Poirier - President & CEO

Joel Hunter - EVP & CFO

Sean O’Donnell - Incoming EVP & CFO

Stan Chapman - EVP & COO, Natural Gas Pipelines

Annesley Wallace - EVP, Strategy and Corporate Development & President, Power and Energy Solutions

Bevin Wirzba - EVP & Group President, Liquids Pipelines and Coastal GasLink

Conference Call Participants

Ben Pham - BMO

Rob Hope - Scotiabank

Jeremy Tonet - JPMorgan

Linda Ezergailis - TD Cowen

Praneeth Satish - Wells Fargo

Theresa Chen - Barclays

Robert Kwan - RBC Capital Markets

Robert Catellier - CIBC Capital Markets

Keith Stanley - Wolfe Research

John Mackay - Goldman Sachs

Patrick Kenny - National Bank Financial

Presentation

Operator

Thank you for standing by. This is the conference operator. Welcome to the TC Energy First Quarter 2024 Financial Results Conference Call. As a reminder, all participants are in listen-only mode and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. [Operator Instructions]

I would now like to turn the conference over to Gavin Wylie, Vice President, Investor Relations. Please go ahead.

Gavin Wylie

Thanks very much, and good morning. I'd like to welcome you to TC Energy's 2024 first quarter conference call. Joining me are Francois Poirier, President and Chief Executive Officer; Joel Hunter, Executive Vice President and Chief Financial Officer, along with other members of our senior leadership team. Francois and Joel will begin today with some comments on our financial results and operational highlights. A copy of the slide presentation that will accompany their remarks is available on our website under the Investors section. Following their remarks, we'll take questions from the investment community. We ask that you limit yourself to two questions, and if you're a member of the media, please contact our media team.

Before Francois begins, I'd like to remind you that today's remarks will include forward-looking statements that are subject to important risks and uncertainties. For more information, please see the reports filed by TC Energy with the Canadian Securities Regulators and with the US Securities Exchange Commission. Finally, during the presentation, we'll refer to certain non-GAAP measures that may not be comparable to similar measures presented by other entities. These measures are used to provide additional information on TC Energy's operating performance, liquidity, and its ability to generate funds to finance its operations. A reconciliation of various GAAP and non-GAAP measures is contained in the appendix of the presentation.

With that, I'll turn the call over to Francois.

Francois Poirier

Thanks, Gavin, and good morning, everyone. We set out with three clearly defined priorities for 2024 that’s focused on maximizing the value of our assets, project execution and enhancing our balance sheet strength and I’m please to report that we continue to deliver on all of these commitments....

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