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

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.

You May Also Be Interested In

• Pelagos Insurance Capital (PLGO) PT Raised to $28 at Citizens on Rising Book Value
• UBS Starts Alpha Metallurgical Resources (AMR) at Neutral
• UBS sees Cerebras' European expansion as positive for OpenAI deal