TC Energy (TRP) Misses Q1 Earnings and Revenue Estimates

Core Viewpoint - TC Energy reported quarterly earnings of $0.66 per share, missing the Zacks Consensus Estimate of $0.70 per share, and down from $0.92 per share a year ago, indicating an earnings surprise of -5.71% [1][2] Financial Performance - The company posted revenues of $2.52 billion for the quarter ended March 2025, missing the Zacks Consensus Estimate by 0.72%, and down from $3.15 billion year-over-year [2] - Over the last four quarters, TC Energy has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [2] Stock Performance - TC Energy shares have increased by approximately 8.3% since the beginning of the year, contrasting with the S&P 500's decline of -5.3% [3] - The current consensus EPS estimate for the upcoming quarter is $0.58 on revenues of $2.5 billion, and for the current fiscal year, it is $2.63 on revenues of $10.43 billion [7] Industry Outlook - The Zacks Industry Rank for Alternative Energy - Other is currently in the bottom 27% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact investor sentiment [5]