TC Energy reports Q1 profit of $1.20bn, a slight decrease YoY, and announces the sale of Portland Natural Gas Transmission System.
TC Energy, a Canadian pipeline operator, reported a first-quarter profit of $1.20bn, a slight decrease from the same quarter last year, with profits per share at $1.16. The company's revenue for the quarter amounted to $4.24bn, a 7.6% increase from Q1 2023. During this period, TC Energy announced a deal to sell its Portland Natural Gas Transmission System to BlackRock and Morgan Stanley Infrastructure Partners, in partnership with Texas-based Western LNG.
May 03, 2024
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