07:14 AM EST, 02/14/2025 (MT Newswires) -- TC Energy ( TRP ) on Friday reported a decrease in comparable earnings in the fourth quarter and increased its common share dividend.

Comparable earnings fell to $1.09 billion, or $1.05 per share, down from $1.40 billion, or $1.35 per share. The FactSet consensus non-GAAP EPS estimate for the quarter was $0.74.

Comparable EBITDA from continuing operations also declined to $2.62 billion from $2.72 billion.

The company's board approved a quarterly dividend increase of 3.3% for the quarter ending March 31 to $0.85 per common share, equivalent to $3.40 per share on an annualized basis.

TC Energy ( TRP ) expects full-year 2025 comparable EBITDA from continuing operations of $10.7 to $10.9 billion. Comparable EPS for 2025 is expected to be lower than in 2024.

The company on Jan. 20 achieved mechanical completion of the Southeast Gateway pipeline project. TC Energy ( TRP ) is finalizing project completion activities to achieve a May 1 in-service date.

TC Energy's ( TRP ) share price at last look gained 1.3% to US$48.02 in U.S. pre-market trading on Friday.