TCEYF - TC Energy Corporation (TRP) Q1 2025 Earnings Call Transcript

2025-05-01 16:42:22 ET

TC Energy Corporation (TRP)

Q1 2025 Earnings Conference Call

May 01, 2025, 08:30 ET

Company Participants

Gavin Wylie - VP, IR

Francois Poirier - President & CEO

Sean O'Donnell - EVP & CFO

Tina Faraca - EVP & COO, Natural Gas Pipelines

Greg Grant - EVP & President, Power and Energy Solutions

Conference Call Participants

Praneeth Satish - Wells Fargo

Jeremy Tonet - JPMorgan

Rob Hope - Scotiabank

Theresa Chen - Barclays

Aaron MacNeil - TD Cowen

Maurice Choy - RBC

Ben Pham - BMO

John Mackay - Goldman Sachs

Keith Stanley - Wolfe Research

Robert Catellier - CIBC Capital Markets

Presentation

Operator

Welcome to the TC Energy First Quarter 2025 Results Conference Call. [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 2025 first quarter conference call. Joining me are Francois Poirier, President and Chief Executive Officer, Sean O'Donnell, Executive Vice President and Chief Financial Officer, along with other members of our senior leadership team. Francois and Sean 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 the 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. 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 Canadian Securities Regulators and with the US Securities Exchange Commission.

Finally, during the presentation, we'll refer to certain non GAAP measures that provide additional information on TC energy's operational and financial performance. However, these measures may not be comparable to similar measures presented by other entities. A reconciliation of various gap and non GAAP measures is contained in the appendix of the presentation.

With that I'll turn it over to Francois.

Francois Poirier

Thanks Gavin, and good morning before we begin the formal presentation, on behalf of TC energy, I offer my congratulations to the newly elected Prime Minister of Canada, Mark Carney. Canadians have never been more united in the belief that its abundant energy is key to economic sovereignty and prosperity as matters of top priority. We urge the new government to grow the energy sector and establish a clear, predictable regulatory framework for timely infrastructure development approvals, the energy sector stands ready to collaborate with the new government on critical infrastructure projects that will benefit all Canadians. These investments will position Canada as a reliable global energy supplier, while creating substantial economic benefits nationwide by leveraging our continental expertise in natural gas and power generation. TC energy stands ready to support North America's role as a trusted energy partner. ...

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