TC Energy Corporation reported solid fourth quarter and full-year 2024 operating and financial results, with comparable EBITDA from continuing operations increasing approximately six percent for the full year. Segmented earnings from continuing operations saw a significant increase of approximately 56 percent compared to 2023.
A major operational milestone was the mechanical completion of the Southeast Gateway pipeline project on January 20, 2025, with a final cost of approximately US$3.9 billion. This figure is at the low end of prior guidance and 13 percent below the original cost estimate, demonstrating strong project execution. The company is aligned with CFE for a May 1, 2025, in-service date.
Reinforcing its commitment to shareholder returns, TC Energy's Board of Directors approved a 3.3 percent increase in the quarterly common share dividend to $0.85 per share for the quarter ending March 31, 2025. This marks the twenty-fifth consecutive year of dividend growth for the company. Additionally, approximately $7 billion of projects were placed in service in 2024, with an anticipated $8.5 billion for 2025.
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