TC Energy reports $978M first-quarter profit as revenues increase
CALGARY – TC Energy Corp. says its profits edged lower in its latest quarter as revenues increased compared with a year ago.
The pipeline company reported $978 million in net income attributable to its common shares for its first quarter, down from $988 million a year earlier.
It says its profit amounted to 94 cents per share for the quarter ended March 31 compared with a profit of 95 cents per share in the first three months of 2024.
The company says its comparable earnings totalled 95 cents per share in its latest quarter, down from $1.02 a year earlier.
Revenue for the quarter totalled $3.62 billion, up from $3.51 billion in the first quarter of 2024.
TC Energy president and CEO François Poirier says the company's results demonstrate the 'overall resiliency of our business,' even as 'evolving macroeconomic conditions continue to contribute to market uncertainty.'
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This report by The Canadian Press was first published May 1, 2025.
Companies in this story: (TSX:TRP)
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