TRP Earnings Prediction
The chart below shows how TRP performed 10 days before and after its earnings report, based on data from the past quarters. Typically, TRP sees a -0.86% change in stock price 10 days leading up to the earnings, and a +0.84% change 10 days following the report. On the earnings day itself, the stock moves by -0.28%. This data can give you a slight idea of what to expect for the next quarter's release.
TRP Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.36B
-13.32%
-66.69%
Gross Margin
34.56%
-17.22%
-30.28%
Operating Margin
47.94%
-9.80%
21.80%
Net Margin
57.87%
-9.48%
43.10%
EPS
0.94
-33.33%
-32.86%
No Data Available
TRP Earnings Analysis
TC Energy Corp Corporation (TRP.N) Earnings Conference Call
Positive
Safety Performance Excellence: TC Energy reported the best safety performance in the past five years, indicating a strong commitment to operational excellence.
EBITDA Growth Despite Missed Earnings: Comparable EBITDA from continuing operations increased by 6% compared to 2023, showcasing financial growth despite missing earnings expectations.
Liquids Business Spinoff Success: Successfully completed the spinoff of the liquids business, which is expected to enhance focus on core operations and improve financial performance.
Effective Capital Management: Placed $7 billion of assets into service while reducing net capital expenditures by 10%, demonstrating effective capital management.
Capital Reduction Strategy: Identified an additional $1.3 billion in capital reductions to be realized in 2026 and 2027, indicating proactive financial planning.
Project Management Success: Major projects, including Bruce Power’s Unit 3 MCR and Southeast Gateway, are on cost and schedule, reflecting strong project management capabilities.
Cost Control Success: The partnership with CFE on Southeast Gateway delivered the project 13% below the original budget, highlighting effective collaboration and cost control.
Future Revenue Pipeline: Announced five new growth projects with attractive build multiples, indicating a strong pipeline for future revenue generation.
Operational Efficiency Boost: Bruce Power achieved 99% availability, driving a 28% increase in quarterly EBITDA growth for the Power and Energy Solutions business unit, showcasing operational efficiency.
Dividend Growth Milestone: The company declared a first quarter 2025 dividend of $0.85 per common share, marking the 25th consecutive year of dividend growth, reflecting a commitment to shareholder value.
Deleveraging Progress Achieved: Significant progress on deleveraging efforts, with a 0.6 times reduction in debt to EBITDA since 2022, indicating improved financial health.
Negative
Earnings Miss Reported: TC Energy Corporation missed earnings expectations with reported EPS of $0.52, falling short of the expected $0.73.
Earnings Decline Analysis: Comparable earnings of $1.1 billion were 8% lower than the fourth quarter of 2023, indicating a decline in profitability year-over-year.
Increased Interest Expenses: Interest expenses increased due to lower capitalized interests, increased short-term borrowing, and one-time charges related to the spin-off, which negatively impacted financial performance.
Incentive Payment Variance: The $200 million incentive payment to Coastal GasLink in Q4 2023 was not repeated in 2024, contributing to a variance in earnings.
Foreign Exchange Challenges: The company faced challenges with foreign exchange volatility, particularly with the Mexican peso, which affected the Corporate Risk Management program and overall financial results.
Tariff Impact on Investments: Despite a strong operational performance, the company acknowledged that prolonged tariffs could impact capital allocation decisions, creating uncertainty in future investments.
TRP FAQs
How does TRP typically perform around its earnings report dates?
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TRP Earning Call Sentiment
TC Energy Corporation (NYSE:TRP) Q4 2024 Earnings Call Transcript
TRP.N
-0.13%Positive
The earnings call presents a mixed outlook: the EPS miss and regulatory risks are negative, but are offset by strong EBITDA growth, a 3.3% dividend increase, and a positive shareholder return plan. The Q&A session revealed uncertainties, especially around project timelines and financial guidance, which tempers optimism. Given these factors, the stock's near-term movement is likely to be neutral, as positive elements balance out the negatives.
