TC Energy reports $971M fourth-quarter profit, raises quarterly dividend
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Hey there, time traveller!
This article was published 14/02/2025 (238 days ago), so information in it may no longer be current.
CALGARY – TC Energy Corp. raised its dividend as it reported $971 million in net income attributable to its common shares for the fourth quarter, down from $1.46 billion a year earlier.
The pipeline company says it will now pay a quarterly dividend of 85 cents per share, up from 82.25 cents per share.
TC Energy says its profit amounted to 94 cents per share for the quarter ended Dec. 31 compared with a profit of $1.41 per share in the last three months of 2023.
The company says its comparable earnings totalled $1.05 per share in its latest quarter, down from $1.35 a year earlier.
Revenue for the quarter totalled $3.58 billion, up from $3.50 billion in the fourth quarter of 2023.
TC Energy spun off its liquids pipelines business into South Bow Corp. on Oct. 1.
This report by The Canadian Press was first published Feb. 14, 2025.
Companies in this story: (TSX:TRP)