TC Energy Q1 2023 Earnings Report

TC Energy EPS Results

• Actual EPS: $0.89
• Consensus EPS: $0.89
• Beat/Miss: Met Expectations
• One Year Ago EPS: N/A

TC Energy Revenue Results

• Actual Revenue: $2.91 billion
• Expected Revenue: $2.73 billion
• Beat/Miss: Beat by +$172.96 million
• YoY Revenue Growth: N/A

TC Energy Announcement Details

• Quarter: Q1 2023
• Date: 4/28/2023
• Time: N/A

TC Energy (NYSE:TRP) operates as an energy infrastructure company in North America. It operates through five segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; Liquids Pipelines; and Power and Energy Solutions. The company builds and operates a network of 93,600 kilometers of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses. It also has regulated natural gas storage facilities with a total working gas capacity of 532 billion cubic feet. In addition, it has approximately 4,900 kilometers of liquids pipeline system that connects Alberta crude oil pipeline to refining markets in Illinois, Oklahoma, Texas, and the United States Gulf Coast. Further, the company owns or has interests in power generation facilities with approximately 4,600 megawatts; and owns and operates approximately 118 billion cubic feet of non-regulated natural gas storage facilities in in Alberta, Ontario, Québec, and New Brunswick. The company was formerly known as TransCanada Corporation and changed its name to TC Energy Corporation in May 2019. TC Energy Corporation was founded in 1951 and is headquartered in Calgary, Canada.