TC Energy reports strong first quarter 2026 operating and financial results

About this update from Tc Energy Corporation

TC Energy reports strong first quarter 2026 operating and financial results Safety and operational excellence drive seven delivery records across North America Approves US$1.5 billion Columbia Gas expansion project, extending reach into high-demand market CALGARY, Alberta, May 01, 2026 (GLOBE NEWSWIRE) -- TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) released its first quarter results today. François Poirier, TC Energy’s President and Chief Executive Officer commented, "We entered 2026 with strong momentum. Our best safety performance in six years drove seven delivery records across North America, while consistent execution delivered strong financial results, with comparable EBITDA1 up 14 per cent and segmented earnings up 10 per cent compared to first quarter 2025.” Poirier continued, "Constructive market conditions continue to translate into attractive, disciplined growth opportunities. Today, I’m pleased to announce the Appalachia Supply Project, a US$1.5 billion, low‑risk, strategic expansion on our Columbia Gas system that is expected to strengthen our position and create a new platform for capital-efficient opportunities in a high‑growth power and industrial corridor. Customer demand continues to validate our strategy; our recent 2.5x oversubscribed open season on Crossroads reinforces the strength of our project origination backlog and provides clear visibility to long-term, high-quality growth.” Financial Highlights (All financial figures are unaudited and in Canadian dollars unless otherwise noted) First quarter 2026 financial results: Comparable earnings1 of $1.0 billion or $0.99 per common share1 compared to $1.0 billion or $0.95 per common share in first quarter 2025Net income attributable to common shares of $0.9 billion or $0.86 per common share compared to $1.0 billion or $0.94 per common share in first quarter 2025Comparable EBITDA of $3.1 billion compared to $2.7 billion in first quarter 2025Segmented earnings of $2.2 billion compared to $2.0 billion in first quarter 2025 TC Energy’s Board of Directors declared a quarterly dividend of $0.8775 per common share for the quarter ending June 30, 2026Reaffirming 2026 outlook: We expect our 2026 comparable EBITDA and comparable earnings per common share (EPS) outlooks to be h...

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