TC Energy Corporation (NYSE:TRP ) Q4 2024 Earnings Conference Call February 14, 2025 8:30 AM ET Company Participants Gavin Wylie - Vice President, Investor Relations Francois Poirier - President and Chief Executive Officer Sean O'Donnell - Executive Vice President and Chief Financial Officer Stanley Chapman - Executive Vice President Tina Faraca - Executive Vice President and Chief Operating Officer, Natural Gas Pipelines Conference Call Participants Praneeth Satish - Wells Fargo Securities Theresa Chen - Barclays Maurice Choy - RBC Capital Markets Jeremy Tonet - JPMorgan Manav Gupta - UBS John Mackay - Goldman Sachs Ben Pham - BMO Capital Markets Jessica Hoyle - Scotiabank Operator Thank you for standing by. This is the conference operator.
TC Energy (TRP) came out with quarterly earnings of $0.75 per share, beating the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $0.99 per share a year ago.
Canadian pipeline operator TC Energy beat estimates for fourth-quarter profit on Friday, helped by strength in some segments.
TRP is expected to deliver lower revenues in the fourth quarter. However, an improved bottom line is anticipated due to a reduction in its expenses.
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) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Tower Resources PLC (AIM:TRP) is now set apart from many of its small-cap peers, thanks to a deal announced in early January. The farm-out deal was long in the waiting, as the company had been trying for a deal for several years, against a market backdrop that was far more challenging than when the process began.
Tower Resources PLC (AIM:TRP) shares gained around 25% at one point on Friday as the firm landed a hotly anticipated farm-out deal that will enable drilling later this year, to unlock the AIM firm's flagship project offshore Cameroon. As well, it also looks set to help Tower open up its high-potential exploration in Namibia, and, potentially open up other new opportunities in the future.
Tower Resources PLC (AIM:TRP) has inked a pair of farm-out deals, one in Cameroon and one in Namibia, with Prime Global Energies. Prime will pay Tower £4.38 million in cash, and commits to invest $15 million in the drilling of the hotly anticipated NJOM-3 well, in Cameroon, this year.
TRP is well-positioned to benefit from the AI boom as a leading natural gas infrastructure and nuclear power company. It has an impressive dividend growth track record and boasts an attractive current yield. I take a fresh look at the company and share my view on whether it is worth buying today.
TC Energy remains a high-quality pick for income, value, and growth, driven by its strong focus on natural gas infrastructure post South Bow spin-off. TRP's robust financial results, disciplined capital allocation, and reduced capital expenditure estimates highlight its operational efficiency and financial flexibility. With a 5.1% dividend yield and commitment to 3-5% annual dividend growth, TRP is attractive for income-focused investors.
TRP's exit from Project Tundra, a $2 billion project aimed at capturing CO2 emissions from a North Dakota coal plant, raises concerns about the future.