TC Energy beats third-quarter profit estimates on gas pipeline strength
TC Energy reported third-quarter adjusted core earnings of 94 cents per share, above estimates of 86 cents, as U.S. and Canadian gas pipeline segments contributed $1.25B and $953M, respectively. The company also reported net income of $753.2 million, or 70 cents per share, adjusted earnings of 67 cents per share, and revenue of $2.88 billion.
Why it matters
The results provide investors with quarterly figures that exceeded the cited profit estimates and show the contribution from TC Energy’s gas pipeline operations. Comparisons of the earnings figures depend on the stated basis, including adjusted core, adjusted, and net income per share.
Key facts
- 1TC Energy reported third-quarter adjusted core earnings of 94 cents per share versus estimates of 86 cents. theglobeandmail.com
- 2The U.S. and Canadian gas pipeline segments reported $1.25B and $953M, respectively. theglobeandmail.com
- 3Third-quarter net income was $753.2 million, or 70 cents per share. finance.yahoo.com
- 4Adjusted earnings were 67 cents per share and revenue was $2.88 billion. finance.yahoo.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.