Transformative Growth and Strong Financials at TC Energy

TC Energy Reports Robust Q4 2024 Performance

TC Energy Corporation, a leading energy provider, has announced its impressive fourth quarter results, showcasing strong operational and financial metrics. The company is recognized for its strategic priorities that emphasize safety and efficiency, leading to continued growth. Notably, equivalent EBITDA has seen significant progress, reflecting the company's commitment to delivering shareholder value.

Highlights of Financial Results

Quarterly Performance

For the fourth quarter of 2024, TC Energy's comparable earnings totaled $1.1 billion or $1.05 per common share. This marks a slight decline compared to $1.2 billion or $1.15 per share from the same period in 2023. Additionally, the net income attributable to common shares for the quarter was reported at $1.1 billion or $1.03 per share, also a reduction against the previous year's figures.

Impressive Annual Growth

Looking at the annual data, TC Energy's comparable EBITDA reached $10.0 billion in 2024, up from $9.5 billion in 2023. Moreover, segmented earnings jumped from $5.1 billion to $8.0 billion within the same period, highlighting the company’s robust growth trajectory.

Operational Highlights and Advancements

Successful Project Completions

The recent mechanical completion of the Southeast Gateway pipeline, achieved ahead of budget, is a significant milestone. TC Energy remains on track with the project’s timeline and is aligned with stakeholders for an expected in-service date later this year. Additionally, the completion of the Coastal GasLink pipeline allows for expedited revenue collection as it goes into commercial service, thus strengthening TC Energy’s position in the market.

Dividend Growth and Financial Stability

Reflecting the strong performance and positive outlook, TC Energy's Board of Directors approved a 3.3 percent increase in the quarterly common share dividend, bringing it to $0.85 per common share for the quarter ending March 31, 2025, paralleling the company’s twenty-fifth consecutive year of dividend growth. This exemplifies the confidence in TC Energy’s financial health and future prospects.

Outlook and Strategic Focus

Future Financial Expectations

For 2025, TC Energy anticipates a comparable EBITDA forecast of $10.7 to $10.9 billion, supported by newly operational projects and ongoing performance improvements in existing operations. The company expects capital expenditures to range between $6.1 to $6.6 billion, reflecting continued investment into enhancing its infrastructure and market position.

Commitment to Sustainable Development

With ongoing projects and a strategic focus on sustainability, TC Energy is poised for growth. The leadership is committed to maximizing asset value while ensuring operational excellence. The initiatives taken in the past year are setting the stage for novel developments, particularly in natural gas and renewable energy, as the energy landscape evolves.

Frequently Asked Questions

What were TC Energy’s Q4 2024 earnings?

TC Energy reported comparable earnings of $1.1 billion or $1.05 per common share for Q4 2024.

What is the Southeast Gateway pipeline's status?

The Southeast Gateway pipeline has achieved mechanical completion and is on track for an expected in-service date of May 1, 2025.

How has TC Energy's dividend changed?

TC Energy's Board has approved a 3.3 percent increase in the quarterly dividend, raising it to $0.85 per common share.

What is TC Energy’s outlook for 2025?

TC Energy forecasts comparable EBITDA of $10.7 to $10.9 billion for 2025, driven by new projects and performance improvements.

How is TC Energy addressing sustainability?

TC Energy is focused on sustainable growth through investments in natural gas, power generation, and infrastructure development.

About The Author

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