Q: Your thoughts please on the news from TRP today. The markets seem to like the increased guidance.
Thx
Thx
5i Research Answer:
It was a good update. TRP expects EBITDA to be 5% to 7% in 2024 vs 2023, its Bow spin off is on track, and investors should be relieved with its plans to grow the dividend 3% to 5% annually. $3B in asset sales in 2 or 3 transactions is also on track. Nothing earth shattering here, but it is a good update to calm investors' nerves over recent cost overuns and the stock's weakness.