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 -0.72% change in stock price 10 days leading up to the earnings, and a +0.86% change 10 days following the report. On the earnings day itself, the stock moves by +0.02%. 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
4.08B
3.63%
-0.05%
Gross Margin
49.57%
-1.31%
-0.64%
Operating Margin
39.36%
-2.04%
-0.56%
Net Margin
40.44%
1021.18%
43.76%
EPS
1.40
836.84%
50.54%
No Data Available
TRP Earnings Analysis
TC Energy Corporation Corporation (TRP.N) Earnings Conference Call
Positive
Comparable EBITDA Increase: 1. Increased Comparable EBITDA: TC Energy reported a 6% year-over-year increase in comparable EBITDA for Q3 2024, positioning the company well for the upper end of its full-year outlook.
Project Service Expansion: 2. Successful Project Execution: The company placed $1.2 billion of projects in service year-to-date and expects to place approximately $7 billion of assets into service in 2024, including Coastal GasLink.
Capital Expenditure Reduction: 3. Reduced Capital Expenditures: TC Energy revised its 2024 net capital expenditures outlook to between $7.4 billion and $7.7 billion, representing an approximate 8% reduction from the initial outlook, enhancing financial flexibility.
Availability Improvement: 4. High Availability at Bruce Power: Bruce Power achieved 98% availability in Q3 2024, up from 94% in the previous year, contributing positively to overall financial performance.
Quarterly Dividend Announcement: 5. Fourth Quarter Dividend Declaration: The Board of Directors declared a fourth quarter dividend of $0.8225 per common share, reflecting a commitment to maintaining shareholder value post-spinoff.
Negative
Earnings Outlook Decline: 1. Lower Earnings Outlook: TC Energy's earnings per common share are expected to be lower in 2024 compared to 2023, primarily due to non-controlling interest adjustments from the asset divestiture program.
Depreciation Cost Impact: 2. Increased Depreciation Costs: The company reported higher depreciation costs reflecting expansion facilities and new projects being placed into service, impacting overall profitability.
Asset Sale Consequences: 3. Asset Sale Impact: The closing of the Portland Natural Gas sale in August negatively affected results, contributing to lower earnings despite growth in other segments.
Liquids Segment Margin Decline: 4. Reduced Liquids Segment Performance: The liquids segment experienced decreased margins for marketing activities due to incremental WCSB egress capacity, negatively impacting overall financial performance.
Debt to EBITDA Concerns: 5. Debt to EBITDA Target Pressure: Although the company is on track to achieve a debt to EBITDA target of 4.75 times, the reliance on asset sales and capital expenditure reductions indicates underlying financial strain.
TRP FAQs
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TRP Earning Call Sentiment
TC Energy Corporation (TRP) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
TRP.N
-3.93%Positive
The earnings call summary and Q&A reveal strong financial performance, strategic progress, and effective cost management. Key positives include a 6% year-over-year EBITDA growth, reduced capital expenditures, and a substantial dividend yield. Despite some uncertainties in economic factors and competitive pressures, the company's strategic initiatives, cost optimizations, and asset sales position it well for growth. The Q&A highlighted confidence in capital allocation and leverage targets, reinforcing a positive outlook. The overall sentiment is positive, with potential for a 2% to 8% stock price increase in the next two weeks.