TC Energy (TRP) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Tower Resources PLC (AIM:TRP) announced it has increased its existing bridge loan to £750,000, from £500,000, to support working capital as completion of a key farm-out deal nears. "The purpose of the Bridge Loan remains to provide the company with working capital flexibility in preparation for the drilling of the NJOM-3 well on the Thali license in Cameroon,” chief executive Jeremy Asher said in a statement.
Tower Resources PLC (AIM:TRP) shares rocketed around 40% higher on Tuesday as the AIM-quoted small-cap's Cameroon project took an important step forward. The planned NJOM-3 appraisal well, which is hotly anticipated, promises to unlock a valuable development project and at the same time significantly re-value Tower (which today has a market capitalisation of around £8 million).
Tower Resources PLC (AIM:TRP) told investors it has selected the rig for this year's planned NJOM-3 well, offshore Cameroon. The company said, in a statement, it has issued a Letter of Award to ADES for the provision of a jack-up rig - Admarine 510, a jack-up unit built in 2019 and capable of operating in water depths up to 375 feet – for the well.
Tower Resources PLC (AIM:TRP) has been tipped to unlock substantial upside later this year as its pivotal well in Cameroon nears. It comes after Tower earlier today released its financial results statement for 2024, a period which the small-cap company described as “very productive”.
Tower Resources PLC (AIM:TRP) financial results statement, for 2024, highlighted a period that was “very productive” and setup successes that are now driving the business in 2025. Most notably, the firm's ‘transformational' farm-out deal with Prime Global Energies for the Thali project offshore Cameroon and its exploration area offshore Namibia.
TC Energy offers stable dividends, resilient cash flows, and exposure to long-life natural gas and nuclear assets across North America. Growth drivers include LNG export expansion, natural gas power plant conversions, and Bruce Power nuclear upgrades, supporting 4-6% annual EBITDA growth. Valuation is stretched: shares trade near all-time highs, with a 4.9% yield at five-year lows and an elevated EV/EBITDA multiple.
TC Energy stands out in the energy sector for its resilient, fee-based revenue streams and strong natural gas infrastructure across North America. Recent performance highlights include record pipeline throughput, solid Q1 results, and successful execution of growth projects like the Southeast Gateway pipeline. The stock offers a 4.9% dividend yield, a conservative 63% payout ratio, and a self-funded capital plan, making it attractive for income investors.
TRP expects comparable EBITDA for 2025 to be between C$10.7 billion and C$10.9 billion, and capital expenditures to be in the C$6.1-C$6.6 billion range on a gross basis.
TC Energy (TRP) came out with quarterly earnings of $0.66 per share, missing the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $0.92 per share a year ago.
TC Energy (TRP) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
TC Energy (TRP) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).