TC Energy Corp. (NYSE: TRP) reported Q4 EPS of $1.03, $0.36 better than the analyst estimate of $0.67.

Fourth quarter 2019 financial results

• Net income attributable to common shares of $1.1 billion or $1.18 per common share
• Comparable earnings of $970 million or $1.03 per common share
• Comparable EBITDA of $2.3 billion
• Net cash provided by operations of $1.8 billion
• Comparable funds generated from operations of $1.8 billion

"We are very pleased with the performance of our diversified portfolio of regulated and long-term contracted assets which generated record financial results again in 2019," said Russ Girling, TC Energy’s President and Chief Executive Officer. "Despite significant asset sales that accelerated the strengthening of our balance sheet, comparable earnings per share increased seven per cent compared to 2018 while comparable funds generated from operations of $7.1 billion were nine per cent higher. The increases reflect the strong performance of our legacy assets and contributions from approximately $8.7 billion of growth projects that entered service in 2019. Those increases were partially offset by lower contributions from approximately $3.4 billion of assets that were monetized during the year."

For earnings history and earnings-related data on TC Energy Corp. (TRP) click here.