06:59 AM EST, 11/06/2025 (MT Newswires) -- TC Energy ( TRP ) on Thursday reported lower third-quarter comparable earnings even as it updated its three-year financial outlook.

Comparable earnings from continuing operations were C$805 million, or $0.77 per share, down from $894 million, or $0.86 per share. The result fell short of the non-GAAP consensus estimate of $0.78 for the third quarter, as compiled by FactSet.

Comparable EBITDA from continuing operations came in at $2.65 billion, an increase from $2.41 billion.

The company said it has placed approximately $8 billion of projects into service on time and 15% under budget. It also expects to place $8.2 billion of projects into service by the end of 2025.

TC Energy ( TRP ) updated its financial outlook through 2028, including extending its 5-7% annual comparable EBITDA growth outlook through that year. The 2025-2028 outlook includes a forecast comparable EBITDA range of $12.6 billion to $13.1 billion.

The company expects 2026 comparable EBITDA to be $11.6 billion to $11.8 billion, an increase of 6-8% over 2025.

TC Energy's ( TRP ) board approved a quarterly common share dividend of $0.85 per common share, equivalent to $3.40 per common share on an annualized basis.