TC Energy delivered a strong fourth-quarter performance, with net income of $1.1 billion and revenue of $3.58 billion. The company successfully increased its dividend for the 25th consecutive year and completed the mechanical construction of the Southeast Gateway pipeline 13% under budget.
Comparable earnings were $1.1 billion, or $1.05 per share, down from $1.2 billion last year.
Net income attributable to common shares was $1.1 billion, or $1.03 per share.
Revenue increased to $3.58 billion from $3.50 billion in Q4 2023.
The company increased its quarterly dividend by 3.3%.
TC Energy expects 2025 comparable EBITDA to be higher due to new projects but forecasts lower EPS due to increased costs and tax rates.
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