TC Energy (TSE:TRP) First Quarter 2024 Results
Key Financial Results
- Revenue: CA$4.60b (up 17% from 1Q 2023).
- Net income: CA$1.20b (down 8.4% from 1Q 2023).
- Profit margin: 26% (down from 33% in 1Q 2023).
- EPS: CA$1.16 (down from CA$1.29 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
TC Energy Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 4.2%.
Looking ahead, revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Oil and Gas industry in Canada.
Performance of the Canadian Oil and Gas industry.
The company's shares are up 4.3% from a week ago.
Risk Analysis
We should say that we've discovered 3 warning signs for TC Energy (2 are concerning!) that you should be aware of before investing here.
Valuation is complex, but we're here to simplify it.
Discover if TC Energy might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About TSX:TRP
Average dividend payer low.
