$TRP

TC Energy Corp. says a former manager, Rick Urbanczyk, and companies he controlled agreed to a consent judgment requiring payment of over $3 million in damages. The order includes turning over property valued at $3,040,371.87 plus $100,000 costs, with constructive trusts over a Calgary home and other assets, after a lawsuit alleging misappropriation of rebates and diversion of at least $2,566,200.

Industry analysts say a proposed 550,000 bpd U.S. oil pipeline from the Canada border near Phillips County, Montana could use idle pipe from the cancelled Keystone XL project. Regulatory filings cite Bridger Pipeline LLC. South Bow, which owns Keystone assets, said it is evaluating an expansion. A presidential permit is still required.

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.

FTSE 100 rose 0.2% to 10,879.38 and FTSE 250 gained 1.0% as oil fell on Middle East peace hopes. Brent Oct traded at $80.60/bbl vs $83.92. BP shares fell 4.9% despite Q2 underlying replacement profit of $10.31bn. Miners rose on higher metals; SpaceX shares slipped below IPO $135 after results expectations.

Canada’s federal government is moving to designate a proposed West Coast oil pipeline as a “national interest” project under the Building Canada Act, which would fast-track approvals and limit some environmental reviews. A Canada Gazette notice sets a Sept. 18 comment deadline. The pipeline, about 1,250 km, would be owned by Trans Mountain, Alberta Petroleum Marketing Commission and Pembina; Pembina holds 10% with an option for more.

Canada’s federal government is moving to designate a proposed West Coast oil pipeline as a “national interest” project under the Building Canada Act, which would fast-track approvals and limit some environmental reviews. A Canada Gazette notice sets a Sept. 18 comment deadline. The pipeline, about 1,250 km, would be owned by Trans Mountain, APMP and Pembina. Pembina holds 10% with an option for more.

Scotiabank analyst Robert Hope discussed “Frenzied Friday” in energy infrastructure, citing constructive outlooks for Enbridge (ENB), Fortis (FTS), Pembina (PPL) and TransAlta (TA). Hope raised FTS’s target by $1. Pembina Q2/26 adjusted EBITDA was $1,064m vs $1,080m estimate. Separately, Evercore and BofA assessed U.S. equity rally and S&P 500 valuation risk.

The UK FTSE 100 rose modestly in Tuesday morning trading, reaching 10,893.30, up 35.63 points or 0.33%. Mining shares led gains, including Antofagasta (+4.5%) and Glencore (+4%), plus Anglo American, Rio Tinto and Endeavour Mining. BP rose after more than doubling its Q2 replacement cost profit. HSBC fell 1.7% despite better-than-expected Q2 results and a higher cost-savings target.

TC Energy (according to its July 30 Q2 2026 update) reported comparable EBITDA of C$2.9 billion, up 12% from 2Q25, and said full-year guidance is tracking the upper end of C$11.6–C$11.8 billion. The update also cites two additional Columbia pipeline expansions and a larger bet on M-U supply, with a raised demand forecast for two straight years.