TC Energy Corp. (TRP) Tops Q3 EPS by 1c; offers outlook

TC Energy Corp. (NYSE: TRP) reported Q3 EPS of Cdn$0.77, Cdn$0.01 better than the analyst estimate of Cdn$0.76.

2025 outlook:

Comparable EBITDA is expected to be in the range of $10.8 to $11.0 billion
Comparable earnings per common share (EPS) outlook remains consistent with our 2024 Annual Report, and is expected to be lower than 2024
Capital expenditures are anticipated to be on the lower end of $6.1 to $6.6 billion on a gross basis, and $5.5 to $6.0 billion of net capital expenditures4, reflecting capital efficiency through successful project execution in 2025

2026 and three-year outlooks:

2026 comparable EBITDA is expected to be $11.6 to $11.8 billion, representing a six to eight per cent year-over-year growth
2028 comparable EBITDA is expected to be $12.6 to 13.1 billion, representing a five to seven per cent annual growth rate between 2025 and 2028

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

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