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TC Energy Corp. (TRP) Tops Q1 EPS by 41c; reaffirms 2024 outlook

May 3, 2024 7:05 AM

TC Energy Corp. (NYSE: TRP) reported Q1 EPS of Cdn$1.24, Cdn$0.41 better than the analyst estimate of Cdn$0.83.

OUTLOOK

Comparable EBITDA is expected to be $11.2 to $11.5 billion2
Comparable earnings per common share is expected to be lower than 20232 due to the net impact of higher net income attributable to non-controlling interests, partially offset by increased comparable EBITDA and higher AFUDC related to increased capital expenditures on the Southeast Gateway pipeline project
Capital expenditures are anticipated to be approximately $8.0 to $8.5 billion on a net basis after considering non-controlling interests

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

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Earnings