TC Energy Corp. posted a C$1.46 billion profit in Q3, reversing last year's loss and boosting revenue.

TC Energy Corp. reported a strong third-quarter performance, achieving a profit of C$1.46 billion ($1.40 per share), a significant turnaround from a loss of C$197 million a year prior. Revenue rose to C$4.08 billion, up from C$3.94 billion. The company also revised the cost estimate for its Southeast Gateway pipeline project in Mexico, lowering it to between $3.9 billion and $4.1 billion from an initial $4.5 billion.

November 07, 2024
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