Business
TC Energy delivers strong third quarter performance and updates three-year financial outlook
Extending outlook to 2028, reinforced by clear investment visibility through end of decade ...
About this update from Tc Energy Corporation
[{"type":"text","content":"TC Energy delivers strong third quarter performance and updates three-year financial outlook\n\n\n\n\n Extending outlook to 2028, reinforced by clear investment visibility through end of decade\n \n\n\n\n $0.7 billion of new growth projects sanctioned in third quarter, totalling over $5 billion of low-risk, accretive growth projects announced over past 12 months\n \n\n\n CALGARY, Alberta, Nov. 06, 2025 (GLOBE NEWSWIRE) -- TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) released its third quarter results today alongside an updated three-year financial outlook and 2026 strategic priorities. François Poirier, TC Energy’s President and Chief Executive Officer commented, “Driven by robust North American energy fundamentals, strong asset performance and exceptional project execution, we are extending our five to seven per cent annual comparable EBITDA\n \n 1\n \n growth outlook through 2028.” Poirier continued, “Our strategy is working, we're delivering consistent value without taking on additional risk. Over the past 12 months, we have sanctioned over $5 billion in new growth projects across our North American natural gas and power portfolio, including the announcement today of three natural gas pipeline projects. Collectively these projects are expected to deliver a weighted average build-multiple\n \n 2\n \n of approximately 5.9 times and are backed by 20-year take-or-pay or cost-of-service contracts. This exemplifies our low-risk capital allocation framework, focused on high-return, in-corridor projects, underpinned by long-term contracts with strong counterparties. Our year-to-date performance continues to demonstrate the strength of our opportunity set and our ability to consistently deliver low-risk, solid growth and repeatable performance.”\n \n\n\n Financial Highlights\n \n\n\n (All financial figures are unaudited and in Canadian dollars unless otherwise noted)\n \n\n\n\n Third quarter 2025 financial results from continuing operations\n \n 3\n \n :\n \n\n\n Comparable earnings\n \n\n 1\n \n of $0.8 billion or $0.77 per common share\n \n 1\n \n compared to $0.9 billion or $0.86 per common share in third quarter 2024\n \n\n\n Net income attributable to common shares\n \n of $0.8 billion or $0.78 per common share compared to $1.3 billion or $1.29 per common share in ...