Despite ample supply, natural gas prices are holding on to their risk premiums as geopolitical risks continue to make the market jittery, with winter approaching the northern hemisphere. Amid this, Canadian natural gas company TC Energy Corporation (TRP) is set to report its third-quarter financials tomorrow.
TRP is looking to sell assets and cut its debt. This year, the company divested 40% interest in its Columbia Gas Transmission and Columbia Gulf Transmission pipelines to Global Infrastructure Partners in order to spin off its oil pipeline business. TRP is expected to complete the spinoff in the second half of 2024.
