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TC Energy (TRP)
NYSE:TRP
Earnings Data
Report Date
May 02, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.73Last Year’s EPS
0.8Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 14, 2025
|% Change Since: -3.92%
|Next Earnings Date:May 02, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong overall performance for TC Energy in 2024, with significant achievements in safety, asset deployment, and project execution, despite some financial challenges such as higher interest expenses and FX impacts. The sentiment is positive, driven by growth in EBITDA, successful project completions, and dividend increases.Company Guidance
During TC Energy's fourth-quarter 2024 results conference call, the company highlighted several key metrics and achievements. TC Energy reported a 6% increase in comparable EBITDA from continuing operations compared to 2023, attributing this growth to strong safety performance and strategic operational improvements. The company successfully placed $7 billion of assets into service while reducing net capital expenditures by 10% and identified an additional $1.3 billion of capital reductions planned for 2026 and 2027. TC Energy's natural gas assets set new delivery records, and Bruce Power achieved a 99% availability rate, contributing to a 28% increase in quarterly EBITDA for the Power and Energy Solutions unit. The company also announced a 3.3% increase in its dividend, marking the 25th consecutive year of growth, and provided a 2025 comparable EBITDA outlook of $10.7 billion to $10.9 billion, representing a 7% to 9% year-over-year increase.Best Safety Performance
TC Energy reported the best safety performance in the past five years, contributing to strong operational and financial results.
EBITDA Growth
Comparable EBITDA from continuing operations increased by 6% in 2024 compared to 2023.
Asset and Capital Reductions
Successfully placed $7 billion of assets into service and reduced net capital expenditures by 10%.
Southeast Gateway Project Success
Delivered the Southeast Gateway project 13% below the original budget and reached mechanical completion.
Bruce Power Unit 3 On Track
Bruce Power's Unit 3 Major Component Replacement (MCR) is progressing on cost and schedule.
Record EBITDA and Dividend Growth
Record EBITDA from continuing operations of over $10 billion in 2024 and a 3.3% increase in the quarterly dividend.
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TRP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TRP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 14, 2025 | $47.40 | $45.92 | -3.12% |
| Nov 07, 2024 | $47.74 | $49.07 | +2.79% |
| Aug 01, 2024 | $37.59 | $38.16 | +1.52% |
| May 03, 2024 | $31.68 | $32.74 | +3.35% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does TC Energy (TRP) report earnings?
TC Energy (TRP) is schdueled to report earning on May 02, 2025, TBA Not Confirmed.
What is TC Energy (TRP) earnings time?
TC Energy (TRP) earnings time is at May 02, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TRP EPS forecast?
TRP EPS forecast for the fiscal quarter 2025 (Q1) is 0.73.
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