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  5. TRP: What do you think about TC Energy's latest quarter? [TC Energy Corporation]
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Investment Q&A

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Q: What do you think about TC Energy's latest quarter?

With the current valuation do you think it's a good time buy in?

Asked by Eugene on May 07, 2021
5i Research Answer:

Revenue was 8% short of estimates, but adjusted EPS of $1.16 was 4% better. EBITDA of $2.49B was inline. It reported a large loss on the Keystone suspension but this was not news. It outlined several capital spending and growth initiatives and we would consider the outlook good. The stock has had a nice run, and we would not expect the same rate of gains (14% this year) but we would be quite comfortable buying at 14X earnings.