TC Energy Q1 EPS Beats Estimates, Approves US$1.5 Billion Appalachia Project
TC Energy posted Q1 EPS of $0.72, topping estimates by $0.02, while revenues rose 11.5% year-over-year to $2.81 billion. Comparable EBITDA climbed 14% and BMO Capital retained its Outperform rating as the company green-lights a US$1.5 billion Appalachia expansion.
1. Q1 Earnings Performance
TC Energy reported first-quarter EPS of $0.72, beating consensus by $0.02 and improving from $0.66 a year earlier.
2. Revenue Trends
Revenues climbed to $2.81 billion, up from $2.52 billion year-over-year, though falling 4.97% short of analyst estimates.
3. EBITDA Growth and Expansion
Comparable EBITDA increased by 14% year-over-year and the company approved a US$1.5 billion Appalachia Supply Project to expand capacity into high-demand markets.
4. Analyst Outlook
BMO Capital maintained its Outperform rating, with shares trading around $66.07, reflecting investor confidence in the company’s strengthened financial profile.