07:22 AM EDT, 05/01/2025 (MT Newswires) -- TC Energy ( TRP ) traded 4% lower at last look Thursday in NYSE pre-market trading as it reported lower earnings in the first quarter.

The company booked net income of $978 million, or $0.94 per share, falling from $988 million, or $0.95 per share, and below the analyst consensus earnings per share estimate of $0.97 compiled by FactSet.

Comparable EBITDA from continuing operations rose to $2.71 billion from $2.67 billion.

The company declared a quarterly dividend of $0.85 per share for the quarter ending June 30.

"Throughout the first three months of 2025, TC Energy ( TRP ) showcased the strength of our business and our position as an industry leading natural gas and power and energy solutions company," CEO Francois Poirier said.

TC Energy ( TRP ) reaffirmed its 2025 outlook, including a comparable EBITDA guidance range of $10.7 billion to $10.9 billion, comparable EPS that is lower than 2024, and capital expenditures of $6.1 billion to $6.6 billion on a gross basis.

"While evolving macroeconomic conditions continue to contribute to market uncertainty, we have reaffirmed our 2025 outlook based on our highly contracted, low-risk business with 97% of our comparable EBITDA underpinned by rate-regulation and/or long-term take-or-pay contracts," Poirier said.