TC Energy to sell Mexican gas pipeline in $400M deal (TRP:NYSE)

TC Energy (TRP) agreed to sell the Guadalajara-Manzanillo Pipeline to ESENTIA for $560 million (US$400 million), expected to close in early 2027. The deal will generate cash proceeds for redeployment into growth opportunities across North America, according to the company.

National Bank Financial upgraded Enbridge (ENB) to 'outperform' citing its North American oil production growth and recent acquisitions. Analyst Patrick Kenny raised the target price to $82. TD Cowen upgraded TC Energy (TRP) to 'buy' seeing a 16% pullback as an attractive entry point. National Bank initiated coverage of MDA Space (MDA) with an 'outperform' rating, highlighting its space investment growth potential.

TC Energy Corp. (TRP) is ready to invest in its Alberta natural gas network to meet growing demand, according to the company. This follows an Alberta cabinet report suggesting TC's expansion plans may not align with projected demand growth, citing market failure concerns. TC has invested $15 billion in the past decade and plans $1 billion more in projects, calling for cooperation to support Alberta's growth.

T. Rowe Price will acquire F/m Investments, more than doubling its fixed-income ETF assets. The deal follows Goldman Sachs' recent ETF manager acquisition, signaling industry consolidation. T. Rowe Price manages $1.87 trillion in assets, while F/m oversees $19 billion, with $10 billion in ETFs. Terms were not disclosed.

TC Energy (TRP) held its Q2 2026 earnings call. Comparable EBITDA rose to $2.9 billion (+12% y/y) and comparable EPS to $0.94. Management guided 2026 EBITDA to the upper end of $11.6B to $11.8B and set a $0.8775 quarterly dividend. It cited higher natural gas demand and Bruce Power refurbishment progress.

Williams Companies (WMB) will buy Momentum Midstream for $5.5B and invest $1.5B in its Delta Access Expansion, adding 4.05 Bcf/d capacity and 2.25 Bcf/d starting early 2029. Enbridge (ENB) and MPLX (MPLX) sanctioned the 2.6 Bcf/d Bay Runner Twin Pipeline for NextDecade’s Rio Grande LNG, entering service by 2030. TC Energy (TRP) and DT Midstream (DTM) approved gas pipeline expansions tied to 20-year take-or-pay contracts for power and AI data centers.