10:47 AM EST, 02/20/2024 (MT Newswires) -- National Bank of Canada said Monday that TC Energy Corp. (TRP.TO)'s comparable EPS of $1.16 in the fourth quarter of 2023 beat the bank's forecast of $1.09.
Adjusted EBITDA of $2.91 billion was above the bank's estimate of $2.78 billion and the Street forecast of $2.80 billion.
The company reiterated its 2024 adjusted EBITDA guidance of $11.2 billion to $11.5 billion, compared to National Bank's forecast of $11.2 billion.
National Bank reiterated TC Energy's outperform rating and $58.00 price target.
Price: 53.83, Change: +0.51, Percent Change: +0.96