- TC Energy press release (NYSE:TRP): Q4 Non-GAAP EPS of C$1.35.
- Delivered approximately 16 per cent growth in comparable EBITDA of C$3.1 billion compared to C$2.7 billion in fourth quarter 2022 and segmented earnings of C$2.3 billion compared to segmented losses of C$1.0 billion in fourth quarter 2022.
- Total NGTL System deliveries averaged 14.5 Bcf/d, largely consistent relative to fourth quarter 2022
- U.S. Natural Gas Pipelines deliveries to power generators continued to grow, setting a record of 2.8 Bcf/d during fourth quarter 2023, up 16 per cent relative to fourth quarter 2022
- U.S. Natural Gas Pipelines daily average flows were 27.7 Bcf/d, in line with fourth quarter 2022
- Gas Transmission Northwest system achieved an all-time delivery record of 3.1 Bcf on November 11, 2023.
- Reaffirming 2024 outlook:
- Comparable EBITDA outlook for 2024 is expected to be C$11.2 to C$11.5 billion.
- Comparable earnings per common share is expected to be lower than 2023.
- 2024 capital expenditures are anticipated to be approximately C$8.5 to C$9.0 billion on a gross basis including capitalized interest, or approximately C$8.0 to C$8.5 billion on a net basis after considering non-controlling interests.
