Cost SavingsTRP has realized C$2.5B of cost savings for 2024-27 capex through capital efficiency and cost optimizations, leading to a lower capex forecast.
Dividend IncreaseThe quarterly dividend was increased ~3.3% to $0.85/quarter.
Growth PotentialThe secured growth program is now ~$25B, indicating robust growth potential.
Market ReceptionTRP's defensive characteristics and high-return project backlog should garner positive market reception.