TC Energy Corp. (TRP) Tops Q2 EPS by 28c, reaffirms outlook

TC Energy Corp. (NYSE: TRP) reported Q2 EPS of Cdn$0.94, Cdn$0.28 better than the analyst estimate of Cdn$0.66.

Reaffirming 2024 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 at the low end of $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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