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TC Energy (TSE:TRP)
TSX:TRP
Earnings Data
Report Date
Jul 24, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.8Last Year’s EPS
0.86Same Quarter Last Year
Strong Buy
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 01, 2025
|% Change Since: -1.79%
|Next Earnings Date:Jul 24, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong operational and financial performance with significant project completions and a solid financial outlook. However, regulatory delays and some operational challenges in specific segments present lowlights. The overall sentiment is positive, driven by notable achievements and strategic growth initiatives.Company Guidance
During TC Energy's First Quarter 2025 Results Conference Call, the company provided several key financial and operational metrics. They reported that their net capital expenditures for 2025 are expected to be between $5.5 billion and $6 billion, and they are on track to place $8.5 billion of assets into service this year, with these projects currently tracking approximately 15% below budget. The company reaffirmed its 2025 EBITDA outlook, projecting between $10.7 billion and $10.9 billion, a 7% to 9% increase over 2024 results. For 2027, TC Energy targets EBITDA of $11.7 billion to $11.9 billion, indicating a 5% to 7% three-year growth rate. The Southeast Gateway project, a major endeavor contracted until 2055, was completed 13% below budget and is anticipated to significantly enhance the company's long-term cash flow profile. Additionally, the approved $0.9 billion Northwoods project will expand the ANR system, backed by a 20-year take-or-pay contract, and is expected to enter service in 2029. Overall, TC Energy emphasized its strong start to the year, resilient business model, and multiple growth drivers amidst market volatility.Strong Start to Fiscal Year 2025
Safety incident rates are trending at five-year lows, and the business model continues to deliver strong results despite market volatility. Multiple drivers for future growth have been identified.
Southeast Gateway Project Completion
The Southeast Gateway project is complete and ready for service, finished 13% below the original budget. It is contracted until 2055, representing a significant inflection point in long-term cash flow.
Record Operational Performance
TC Energy set 13 all-time delivery records since early 2024. Throughput increased by 6% in the quarter, highlighting strong demand and operational efficiency.
Northwoods Project Announcement
The US $900 million Northwoods project has been approved, expanding the ANR pipeline system. It is expected to enter service in 2029, backed by a 20-year take-or-pay contract.
Bruce Power Major Component Replacement Program
Unit 5 MCR has been sanctioned, a $1.1 billion investment in emission-less nuclear energy, extending the life of Unit 5 by over 35 years.
Financial Outlook Reaffirmed
The 2025-2027 EBITDA outlook is reaffirmed, showing resilience against market volatility. The 2025 comparable EBITDA outlook remains $10.7 billion to $10.9 billion, a 7% to 9% increase over 2024.
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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 |
|---|---|---|---|
May 01, 2025 | C$69.65 | C$69.29 | -0.52% |
Feb 14, 2025 | C$66.37 | C$64.33 | -3.07% |
Nov 07, 2024 | C$65.71 | C$67.14 | +2.18% |
Aug 01, 2024 | C$51.32 | C$52.27 | +1.86% |
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 Jul 24, 2025, TBA Not Confirmed.
What is TC Energy (TSE:TRP) earnings time?
TC Energy (TSE:TRP) earnings time is at Jul 24, 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 2025 (Q2) is 0.8.
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