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TC Energy (TSE:TRP)
TSX:TRP
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Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.98Last Year’s EPS
1.23Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2018
|% Change Since: 3.05%
|Next Earnings Date:Aug 02, 2018
Earnings Call Sentiment|Positive
The earnings call reflected a generally positive outlook with significant improvements in EBITDA, project execution, and cost optimization, alongside a focus on debt reduction. However, challenges remain in the Liquids segment and potential delays in project completion could pose risks.Company Guidance
During TC Energy's Q3 2024 earnings call, the company provided strong guidance, projecting the full-year comparable EBITDA to be at the upper end of their $11.2 billion to $11.5 billion outlook, excluding their Liquids segment. Key metrics included a 6% increase in comparable EBITDA year-over-year and a reduction in 2024 net capital expenditures to $7.4 billion - $7.7 billion, down from the initial $8 billion - $8.5 billion forecast, marking an 8% reduction. The company also highlighted significant achievements, such as the successful spin-off of the Liquids Pipelines business into South Bow and the mechanical completion of the Southeast Gateway project, which is expected to supply up to 1.3 Bcf/day of natural gas. TC Energy aims to place approximately $7 billion of assets into service by year-end 2024, with an additional $8.5 billion anticipated in 2025. The company is on track to meet its year-end debt-to-EBITDA target of 4.75x, supported by strong project execution and $1.6 billion in completed asset sales.Comparable EBITDA Growth
The third quarter comparable EBITDA increased by 6% year-over-year. The company expects the full-year comparable EBITDA to be at the upper end of its outlook range.
Project Execution and Cost Optimization
TC Energy reduced its 2024 net capital expenditures estimate by approximately 8%, expecting a range of $7.4 billion to $7.7 billion, down from $8 billion to $8.5 billion, with significant savings from the Southeast Gateway project.
Asset Placement and Future Outlook
The company has placed $1.2 billion of projects into service year-to-date and expects to place approximately $7 billion of assets into service in 2024, with $8.5 billion more coming online in 2025.
Debt Reduction Progress
The company is on track to achieve its year-end debt-to-EBITDA target of 4.75x due to strong EBITDA performance, revised capital expenditure outlook, and completed asset sales totaling $1.6 billion.
Dividend Declaration
TC Energy's Board of Directors declared a fourth quarter dividend of $0.8225 per common share, maintaining the shareholder's combined dividends for 2024 post-spin-off.
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TSE:TRP Earnings History
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
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TSE:TRP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | C$66.53 | C$67.98 | +2.18% |
| Aug 01, 2024 | C$51.96 | C$52.92 | +1.86% |
| May 03, 2024 | C$43.35 | C$44.76 | +3.27% |
| Feb 16, 2024 | C$44.46 | C$45.59 | +2.54% |
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.
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FAQ
When does TC Energy (TSE:TRP) report earnings?
TC Energy (TSE:TRP) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is TC Energy (TSE:TRP) earnings time?
TC Energy (TSE:TRP) earnings time is at Feb 13, 2025, TBA Not 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 TSE:TRP EPS forecast?
TSE:TRP EPS forecast for the fiscal quarter 2024 (Q4) is 0.98.
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