TC Energy Corp (NYSE:TRP) shares are trading higher after the company reported fourth-quarter results above estimates and raised its quarterly dividend.
In USD, Adjusted EPS of $0.99 beat the consensus of $0.83, and sales of $3.11 billion exceeded the estimate of $3.03 billion.
Segmented earnings improved to C$2.3 billion from a loss of C$(1.0) billion a year ago.
The Calgary, Canada-based company’s comparable EBITDA rose to C$3.1 billion from C$2.7 billion.
U.S. Natural Gas Pipelines reported a comparable EBITDA of C$1.225 billion (vs. C$1.141 billion a year ago), and Canadian Natural Gas Pipelines’ comparable EBITDA …
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