07:37 AM EDT, 08/01/2024 (MT Newswires) -- TC Energy ( TRP ) attributable net income surged in the second quarter following an increase in segmented earnings.

TC Energy's ( TRP ) share price was down 0.5% at last look to US$42.21 in NYSE premarket trading.

The company booked an attributable net income of $963 million, $0.93 per share, jumping from $250 million, or $0.24 per share.

Analysts polled by S&P Capital IQ estimated TC Energy's ( TRP ) EPS at $0.92.

Total segmented earnings swelled to $2.01 billion from $995 million while comparable EBITDA rose to $2.69 billion from $2.47 billion.

TC Energy's ( TRP ) comparable earnings stood at $978 million, or $0.94 per share, compared to $981 million, or $0.96 per share.

"We continued to advance multiple strategic initiatives aimed at maximizing the long-term value of our assets and furthering our deleveraging efforts," President and CEO Francois Poirier said. "We remain steadfast in our execution against our clear set of 2024 strategic priorities."

TC Energy ( TRP ) reaffirmed its 2024 outlook, including comparable EBITDA of $11.2 billion to $11.5 billion and capital expenditures at the low end of the range of $8.0 billion to $8.5 billion.

Comparable EPS is expected to be lower than 2023.

The company declared a quarterly dividend of $0.96 per share for the quarter ending September 30.