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TC Energy (TRP)
NYSE:TRP
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TC Energy (TRP) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Nov 05, 2025
TBA (Confirmed)
Period Ending
2025 (Q3)
Consensus EPS Forecast
0.6
Last Year’s EPS
0.75
Same Quarter Last Year
Based on 8 Analysts Ratings

Earnings Call Summary

Q2 2025
Earnings Call Date:Jul 31, 2025|
% Change Since: 2.15%|
Earnings Call Sentiment|Positive
The earnings call highlights TC Energy's strong financial performance, strategic project completions, and increased natural gas demand forecast. The positive developments in safety, sustainability, and significant project milestones outweigh the challenges related to currency impacts and power prices, reflecting a strong overall outlook for the company.
Company Guidance -
Q3 2025
During TC Energy's second quarter 2025 results call, several key metrics and forward-looking guidance were provided. The company reported a 12% year-over-year increase in comparable EBITDA, raising the 2025 outlook to between $10.8 billion and $11 billion, marking an approximate 9% increase over 2024. The Columbia Gas settlement is expected to contribute to this increase with a 26% rise in pre-filed FTS rates. TC Energy completed or placed into service around $5.8 billion of capacity projects, including the Southeast Gateway and East Lateral XPress Project. For 2025, they aim to place about $8.5 billion of assets into service, roughly 15% below budget. The company anticipates North American natural gas demand to grow by 45 Bcf per day by 2035, up from the previous forecast of 40 Bcf. TC Energy also highlighted a robust origination pipeline, engaging with over 30 counterparties in the data center sector, and expects a steady cadence of project announcements into 2026. The company remains on track to reduce leverage to approximately 4.75x by 2026's end, aiming for EBITDA of $11.7 billion to $11.9 billion by 2027, implying a 5% to 7% three-year growth rate. They announced a new methane intensity reduction target of 40% to 55% by 2035, with 97% of EBITDA underpinned by rate-regulated or long-term contracts, reflecting a resilient, low-risk business model.
Exceptional Safety Record
TC Energy maintained an exceptional safety record with incident rates at 5-year lows, demonstrating the team's commitment to safety and operational excellence.
Strong Financial Performance
The company delivered a 12% year-over-year increase in comparable EBITDA and raised its 2025 comparable EBITDA outlook to $10.8 billion to $11 billion, representing a 9% increase over 2024.
Columbia Gas Settlement
A settlement in principle on the Columbia Gas system is expected to result in a 26% increase in pre-filed FTS rates, underscoring demand and stakeholder collaboration.
Project Completions
Approximately $5.8 billion of capacity projects, including Southeast Gateway and East Lateral XPress Project, have been completed or placed into service.
Increased Natural Gas Demand Forecast
North American natural gas demand is now forecasted to grow by 45 Bcf per day by 2035, up from a previous forecast of 40 Bcf per day.
Improved IRR on Projects
Sanctioned projects have an expected average unlevered after-tax IRR of approximately 12%, with future projects expected to deliver low to mid-teens IRRs.
Bruce Power Performance
Bruce Power achieved 98% availability in the quarter with a higher average realized price per megawatt hour, and investments are enhancing reliability and availability.
Sustainability Achievements
TC Energy reduced absolute methane emissions by 12% over the last 5 years while increasing throughput by 15% and increasing comparable EBITDA in the natural gas business by 40%.

TC Energy (TRP) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

TRP Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Nov 05, 2025
2025 (Q3)
0.60 / -
0.748
Jul 31, 2025
2025 (Q2)
0.57 / 0.60
0.621-4.21% (-0.03)
May 01, 2025
2025 (Q1)
0.71 / 0.69
0.82-15.93% (-0.13)
Feb 14, 2025
2024 (Q4)
0.72 / 0.76
0.893-14.63% (-0.13)
Nov 07, 2024
2024 (Q3)
0.70 / 0.75
0.66113.06% (+0.09)
Aug 01, 2024
2024 (Q2)
0.60 / 0.62
0.634-2.06% (-0.01)
May 03, 2024
2024 (Q1)
0.76 / 0.82
0.82.54% (+0.02)
Feb 16, 2024
2023 (Q4)
0.73 / 0.89
0.73421.66% (+0.16)
Nov 08, 2023
2023 (Q3)
0.64 / 0.66
0.708-6.56% (-0.05)
Jul 27, 2023
2023 (Q2)
0.63 / 0.63
0.661-4.06% (-0.03)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed

TRP Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Jul 31, 2025
$47.02$47.88+1.83%
May 01, 2025
$49.77$49.37-0.80%
Feb 14, 2025
$46.22$44.78-3.12%
Nov 07, 2024
$46.55$47.85+2.79%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does TC Energy (TRP) report earnings?
TC Energy (TRP) is schdueled to report earning on Nov 05, 2025, TBA (Confirmed).
    What is TC Energy (TRP) earnings time?
    TC Energy (TRP) earnings time is at Nov 05, 2025, TBA (Confirmed).
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is TRP EPS forecast?
          TRP EPS forecast for the fiscal quarter 2025 (Q3) is 0.6.
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