07:11 AM EDT, 07/31/2025 (MT Newswires) -- TC Energy Corporation ( TRP ) reported improved earnings for the second quarter, while it expects its 2025 comparable EBITDA outlook to be higher,

For Q2, the company reported comparable earnings of $0.8 billion or $0.82 per common share compared to $0.8 billion or $0.79 per common share in second quarter 2024.

TRP had net income attributable to common shares of $0.9 billion or $0.83 per common share compared to $0.8 billion or $0.78 per common share in second quarter 2024.

It also had comparable EBITDA of $2.6 billion, compared to $2.3 billion in second quarter 2024 and segmented earnings of $2.0 billion compared to $1.7 billion in second quarter 2024.

The company declared a quarterly dividend of $0.85 per common share for the quarter ending September 30, 2025.

Francois Poirier, TC Energy's ( TRP ) President and Chief Executive Officer, said the company now expects its 2025 comparable EBITDA outlook to be higher, in the range of $10.8 to $11.0 billion, compared to previous outlook of $10.7 to $10.9 billion.

Comparable earnings per common share (EPS) outlook remains consistent with TRP's 2024 Annual Report, and is expected to be lower than 2024. Also, capital expenditures are anticipated to be $6.1 to $6.6 billion on a gross basis, or $5.5 to $6.0 billion of net capital expenditures.

Poirier said, "Compelling fundamentals are unlocking further growth opportunities across our North American portfolio. To meet this unprecedented demand, we have announced $4.5 billion of new growth projects over the past nine months, including requests for incremental capacity on projects already announced -- a trend we're seeing on several projects currently in development. Our focus on project execution is also delivering tangible results and we expect to place approximately $8.5 billion of capital projects into service this year, on time and are tracking approximately 15% below budget."