TC Energy (TRP) Expected to Announce Earnings on Thursday

TC Energy (NYSE:TRP) (TSE:TRP) is projected to announce its Q1 2025 earnings results before the market opens on Thursday, May 1st. Analysts expect the company to announce earnings of $0.73 per share and revenue of $2.57 billion for the quarter.

TC Energy (NYSE:TRP) (TSE:TRP) last announced its quarterly earnings data on Friday, February 14th. The pipeline company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.54. The business had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.42 billion. TC Energy had a return on equity of 12.12% and a net margin of 29.40%. During the same quarter in the prior year, the firm posted $1.35 earnings per share. On average, analysts expect TC Energy to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

TC Energy Price Performance

NYSE:TRP opened at $48.92 on Thursday. The company has a quick ratio of 1.23, a current ratio of 0.55 and a debt-to-equity ratio of 1.56. The business’s 50-day moving average price is $46.90 and its 200 day moving average price is $47.08. TC Energy has a 52-week low of $35.38 and a 52-week high of $50.37. The firm has a market cap of $50.84 billion, a P/E ratio of 15.10, a PEG ratio of 4.34 and a beta of 0.74.

TC Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a $0.85 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $3.40 annualized dividend and a dividend yield of 6.95%. This is a boost from TC Energy’s previous quarterly dividend of $0.82. TC Energy’s payout ratio is currently 72.84%.

Analysts Set New Price Targets

Several research firms recently commented on TRP. Royal Bank of Canada increased their target price on shares of TC Energy from $71.00 to $74.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. TD Securities initiated coverage on TC Energy in a research note on Wednesday, January 15th. They set a “buy” rating for the company. Veritas raised TC Energy from a “strong sell” rating to a “strong-buy” rating in a research report on Tuesday, February 18th. Citigroup started coverage on TC Energy in a research report on Friday, April 4th. They issued a “neutral” rating for the company. Finally, US Capital Advisors upgraded TC Energy from a “hold” rating to a “moderate buy” rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.00.

About TC Energy

TC Energy Corporation operates as an energy infrastructure company in North America. It operates through five segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; Liquids Pipelines; and Power and Energy Solutions. The company builds and operates a network of 93,600 kilometers of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses.