TC Energy Shareholders Approve Spin-Off Of Liquids Pipeline Business: Report
TC Energy Shareholders Approve Spin-Off Of Liquids Pipeline Business: Report
At the annual general meeting, TC Energy CEO Francois Poirier stated, "Spinning off South Bow will allow both companies to maximize the value of their respective assets. Each company will have the ability to focus on their distinct strategies and opportunity sets."Shareholders of TC Energy Corporation (NYSE:TRP) reportedly gave the green light to create a new energy infrastructure company called South Bow Corp, including assets such as the Keystone oil pipeline.
据报道，TC能源公司（纽交所：TRP）的股东们批准成立一个名为南博公司的新能源基础设施公司，包括类似于Keystone石油管道的资产。
The spin-off will allow TC Energy to reduce its debt and shift its focus to natural gas transportation, reported Reuters.
据路透社报道，这次分拆将使TC能源减少债务并转向天然气运输。
South Bow Corp's assets include around 4,900 kilometers of liquid pipelines linking Alberta and the U.S. oil sources to refining hubs in Illinois, Oklahoma, and Texas.
南博公司的资产包括大约4,900公里的液体管道，连接阿尔伯塔和美国的石油源，到伊利诺伊州、俄克拉荷马州和得克萨斯州的炼油中心。
At the annual general meeting, TC Energy CEO Francois Poirier stated, "Spinning off South Bow will allow both companies to maximize the value of their respective assets. Each company will have the ability to focus on their distinct strategies and opportunity sets."
在年度股东大会上，TC能源首席执行官弗朗索瓦·波里耶表示：“分拆南博将使两家公司最大化各自资产的价值，同时更好地专注于各自的战略和机会。”
As per the report, South Bow will have a significant debt load of C$7.9 billion ($5.78 billion) from TC Energy and will compete with other pipeline companies for market share in the U.S. Gulf Coast market.
根据报告，南博将从TC能源获得79亿加元（57.8亿美元）的巨额负债，并将与其他管道公司在美国墨西哥湾沿岸市场竞争。
Also, Bevin Wirzba, TC Energy's executive vice president of liquids pipelines, is slated to become CEO at South Bow.
同时，TC能源液体管道的执行副总裁Bevin Wirzba将成为南博的CEO。
The two companies are expected to officially separate in the fall, and South Bow will be listed on the Toronto and New York stock exchanges.
两家公司预计将于秋季正式分拆，并在多伦多和纽约证券交易所上市。
In a recent research note, BMO Capital Markets analyst Ben Pham mentioned that South Bow's limited asset base and slower growth projections compared to TC Energy could impact its valuation, per the report.
据报告，BMO资本市场分析师Ben Pham在最近的一份研究报告中提到，南博的有限资产基础和较慢的增长预期可能会影响其估值。
However, the new company will have the advantage of long-term shipping contracts that cover 94% of capacity on the Keystone pipeline, ensuring steady revenue streams.
然而，新公司将具有Keystone管道容量94％的长期运输合同，确保稳定的营业收入。
Investors can gain exposure to the stock via VanEck Energy Income ETF (NYSE:EINC) and Barclays iPath Select MLP ETN (BATS:ATMP).
投资者可以通过VanEck新能母基ETF（纽交所：EINC）和巴克莱iPath Select MLP ETN（BAT：ATMP）获得该股票的权益。
Also Read: TC Energy's NGTL Pipeline Faces Pressure Reduction Order Despite Repaired Rupture: Report
另请阅读TC能源的NGTL管道“尽管已修复破裂，仍面临压力降低指令”的报告。
Price Action: TRP shares are down 0.42% at $38.22 at the last check Tuesday.
价格走势：据最后一次检查，TRP股价下跌0.42％，为38.22美元/股，星期二。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免责声明：本文部分内容使用了Benzinga Neuro的帮助。此内容部分使用人工智能工具生成，并由Benzinga编辑审查和发布。
Photo via Shutterstock
图片来自shutterstock。