TC Energy Management

Management criteria checks 2/4

TC Energy's CEO is Francois Poirier, appointed in Jan 2021, has a tenure of 3.25 years. total yearly compensation is CA$13.29M, comprised of 8.9% salary and 91.1% bonuses, including company stock and options. directly owns 0.011% of the company’s shares, worth €3.77M. The average tenure of the management team and the board of directors is 2.7 years and 3.9 years respectively.

Key information

Francois Poirier

Chief executive officer

CA$13.3m

Total compensation

CEO salary percentage	8.9%
CEO tenure	3.3yrs
CEO ownership	0.01%
Management average tenure	2.7yrs
Board average tenure	3.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Francois Poirier's remuneration changed compared to TC Energy's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	CA$13m	CA$1m	CA$3b
Sep 30 2023	n/a	n/a	-CA$81m
Jun 30 2023	n/a	n/a	CA$957m
Mar 31 2023	n/a	n/a	CA$2b
Dec 31 2022	CA$11m	CA$1m	CA$641m
Sep 30 2022	n/a	n/a	CA$3b
Jun 30 2022	n/a	n/a	CA$3b
Mar 31 2022	n/a	n/a	CA$3b
Dec 31 2021	CA$10m	CA$1m	CA$2b
Sep 30 2021	n/a	n/a	CA$2b
Jun 30 2021	n/a	n/a	CA$2b
Mar 31 2021	n/a	n/a	CA$2b
Dec 31 2020	CA$6m	CA$800k	CA$4b
Sep 30 2020	n/a	n/a	CA$4b
Jun 30 2020	n/a	n/a	CA$4b
Mar 31 2020	n/a	n/a	CA$4b
Dec 31 2019	CA$3m	CA$546k	CA$4b
Sep 30 2019	n/a	n/a	CA$4b
Jun 30 2019	n/a	n/a	CA$4b
Mar 31 2019	n/a	n/a	CA$4b
Dec 31 2018	CA$3m	CA$515k	CA$4b
Sep 30 2018	n/a	n/a	CA$3b
Jun 30 2018	n/a	n/a	CA$3b
Mar 31 2018	n/a	n/a	CA$3b
Dec 31 2017	CA$2m	CA$413k	CA$3b

Compensation vs Market: Francois's total compensation ($USD9.73M) is above average for companies of similar size in the German market ($USD5.66M).

Compensation vs Earnings: Francois's compensation has increased by more than 20% in the past year.

CEO

Francois Poirier (57 yo)

3.3yrs

Tenure

CA$13,290,831

Compensation

Mr. Francois Lionel Poirier has been President, Chief Executive Officer and Director of TC Energy Corporation since January 1, 2021. Mr. Poirier had been President of Power & Storage and Mexico at TC Energ...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Francois Poirier	CEO, President & Director	3.3yrs	CA$13.29m	0.011% CA$ 3.8m
Joel Hunter	Executive VP & CFO	2.7yrs	CA$3.42m	0.0034% CA$ 1.2m
Annesley Wallace	Executive VP of Strategy	less than a year	CA$6.35m	0% CA$ 0
Stanley Chapman	Executive VP & COO of Natural Gas Pipelines	no data	CA$7.29m	0.0052% CA$ 1.8m
Bevin Wirzba	Executive VP & President of Liquids Pipelines	1.3yrs	CA$4.46m	0.0019% CA$ 656.4k
Gavin Wylie	Vice-President of Investor Relations	no data	no data	0.00051% CA$ 178.1k
Patrick Keys	Executive VP	4.9yrs	no data	0.0033% CA$ 1.2m
Richard Prior	President of Liquids Pipelines.	no data	no data	0.0023% CA$ 806.6k
Dawn de Lima	Executive Vice-President of Corporate Services	3.3yrs	no data	0.0014% CA$ 471.4k
Patrick Muttart	Senior Vice President of External Relations	2.4yrs	no data	0.0014% CA$ 481.9k
Greg Grant	President of Canadian Natural Gas Pipelines	no data	no data	0.0015% CA$ 541.2k
Tina Faraca	Executive VP & President of U.S. Natural Gas Pipelines	no data	no data	0.00093% CA$ 324.7k

2.7yrs

Average Tenure

57yo

Average Age

Experienced Management: TRS's management team is considered experienced (2.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Francois Poirier	CEO, President & Director	3.3yrs	CA$13.29m	0.011% CA$ 3.8m
William Johnson	Independent Director	2.8yrs	CA$366.88k	no data
John Lowe	Independent Chair of the Board	8.6yrs	CA$403.64k	0.0029% CA$ 1.0m
Una Power	Independent Director	4.9yrs	CA$404.30k	0.00061% CA$ 213.0k
Harold Kvisle	Chair of the Liquids Pipelines Company	less than a year	CA$6.10m	no data
Michael Culbert	Independent Director	3.9yrs	CA$349.86k	0.0010% CA$ 352.7k
Thierry Vandal	Independent Director	6.4yrs	CA$378.65k	0.000030% CA$ 10.5k
Indira Samarasekera	Independent Director	8yrs	CA$351.89k	no data
Dheeraj Verma	Independent Director	2yrs	CA$366.88k	0.0078% CA$ 2.7m
Mary Salomone	Independent Director	11.2yrs	CA$378.42k	0.00043% CA$ 150.1k
Susan Jones	Independent Director	3.9yrs	CA$364.85k	0.0014% CA$ 478.4k
Cheryl Campbell	Independent Director	1.8yrs	CA$351.89k	0.00055% CA$ 192.0k

3.9yrs

Average Tenure

63yo

Average Age

Experienced Board: TRS's board of directors are considered experienced (3.9 years average tenure).

TC Energy Management

Management criteria checks 2/4

Key information

Recent management updates

TC Energy Corporation, Annual General Meeting, Jun 04, 2024

Tc Energy Corporation Announces Executive Changes

TC Energy Corporation Appoints John E. Lowe as Chair of the Board, Effective January 1, 2024

TC Energy Corporation Appoints Hal Kvisle, as Board Chair of New Liquids Pipelines Company

Independent Chairman of the Board recently bought €1.3m worth of stock

Independent Director recently bought €511k worth of stock

Recent updates

TC Energy Corporation to Report Q1, 2024 Results on May 03, 2024

TC Energy Corporation, Annual General Meeting, Jun 04, 2024

Tc Energy Corporation Announces Executive Changes

Upcoming dividend of CA$0.96 per share

Nisga'a Nation and Western LNG ULC entered into binding letter agreement to acquire Prince Rupert Gas Transmission Holdings Ltd. and Prince Rupert Gas Transmission Limited Partnership from TC Energy Corporation (TSX:TRP).

Fourth quarter dividend of CA$0.96 announced

New minor risk - Earnings quality

Full year 2023 earnings released: EPS: CA$2.75 (vs CA$0.64 in FY 2022)

TC Energy Corporation Declares Dividend for the Quarter Ending March 31, 2024, Payable on April 30, 2024

TC Energy Corporation to Report Q4, 2023 Results on Feb 16, 2024

TC Energy Reportedly Plans to Discuss Selling Natural Gas Pipeline Stake to Indigenous Groups

Upcoming dividend of CA$0.93 per share at 7.1% yield

Third quarter 2023 earnings released: CA$0.19 loss per share (vs CA$0.84 profit in 3Q 2022)

TC Energy Corporation Appoints John E. Lowe as Chair of the Board, Effective January 1, 2024

TC Energy Reportedly Exploring Stake Sales of Assets Worth $10 Billion

TC Energy Reportedly Exploring Stake Sales of Assets Worth $10 Billion

TC Energy Corporation to Report Q3, 2023 Results on Nov 08, 2023

TC Energy Corporation Appoints Hal Kvisle, as Board Chair of New Liquids Pipelines Company

Upcoming dividend of CA$0.93 per share at 7.6% yield

New minor risk - Shareholder dilution

Independent Chairman of the Board recently bought €1.3m worth of stock

Second quarter 2023 earnings released: EPS: CA$0.24 (vs CA$0.90 in 2Q 2022)

TC Energy Corporation Declares Quarterly Dividend on Common Share, Payable on October 31, 2023

TC Energy Corporation to Report Q2, 2023 Results on Jul 28, 2023

TC Energy Corporation's Pumped Storage Project Moving to Final Evaluation

TC Energy Corporation's Pumped Storage Project Moving to Final Evaluation

Tc Energy Expects to Appeal Delaware Court Rulings in Lawsuit Related to 2016 Columbia Pipeline Acquisition

Upcoming dividend of CA$0.93 per share at 7.0% yield

TC Energy Corporation acquired Blue Cloud and Fluanna I from Copenhagen Infra Partners II managed by Copenhagen Infrastructure Partners P/S.

First quarter 2023 earnings released: EPS: CA$1.29 (vs CA$0.36 in 1Q 2022)

Independent Director recently bought €511k worth of stock

Upcoming dividend of CA$0.93 per share at 7.2% yield

Insider recently bought €66k worth of stock

CEO, President & Director recently bought €249k worth of stock

TC Energy Corporation Declares Dividend for the Quarter Ending March 31, 2023, Payable on April 28, 2023

Full year 2022 earnings released: EPS: CA$0.64 (vs CA$1.87 in FY 2021)

TC Energy Provides Coastal Gaslink Project Update

TC Energy Corporation to Report Q4, 2022 Results on Feb 14, 2023

Upcoming dividend of CA$0.90 per share

Now 21% undervalued after recent price drop

Insider recently sold €82k worth of stock

Third quarter 2022 earnings released: EPS: CA$0.84 (vs CA$0.80 in 3Q 2021)

TC Energy Corporation Declares Dividend for the Quarter Ending December 31, 2022. Payable on January 31, 2023

TC Energy Corporation to Report Q3, 2022 Results on Nov 09, 2022

Independent Director recently bought €503k worth of stock

Upcoming dividend of CA$0.90 per share

Independent Director recently bought €976k worth of stock

TC Energy Corporation has completed a Follow-on Equity Offering in the amount of CAD 1.8034 billion.

Insider recently bought €51k worth of stock

Second quarter 2022 earnings released: EPS: CA$0.90 (vs CA$1.00 in 2Q 2021)

TC Energy Corporation Provides Earnings Guidance for the Year 2022

TC Energy Corporation to Report Q2, 2022 Results on Jul 28, 2022

Upcoming dividend of CA$0.90 per share

TC Energy Corporation Appoints Cheryl Campbell as New Independent Director to the Board of Directors

Insider recently bought €50k worth of stock

TC Energy Corporation Approves Appointment of Dheeraj “D” Verma as Director

High number of new directors

TC Energy Corporation to Report Q1, 2022 Results on Apr 29, 2022

Insider recently bought €68k worth of stock

Insider recently bought €187k worth of stock

Upcoming dividend of CA$0.90 per share

Executive VP & CFO recently bought €219k worth of stock

Now 20% undervalued

Executive VP & CFO recently sold €781k worth of stock

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

TC Energy Corporation Declares Dividend for the quarter ending March 31, 2022, Payable on April 29, 2022

Upcoming dividend of CA$0.87 per share

Insider recently bought €92k worth of stock

Third quarter 2021 earnings released: EPS CA$0.80 (vs CA$0.96 in 3Q 2020)