31-07-2025
TC Energy posts higher second-quarter profits, raises full-year forecast
TC Energy Corp. TRP-T says its second quarter profits rose from a year earlier despite a complex macroeconomic backdrop.
The Calgary-based pipeline producer says it had a net income of $862-million, or 83 cents per share in the quarter, up from $804-million or 78 cents per share last year.
Revenues totalled $3.74-billion, up from $3.33-billion last year.
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The company says that despite volatility in commodity markets, the company is raising its expected earnings before certain deductions this year.
It says it now expects between $10.8-billion to $11-billion in comparable earnings before interest, taxes, depreciation and amortization, up by $100-million from its earlier guidance.
The company also increased its expected capital spending for the year to between $6.1-billion and $6.6-billion, a $600-million increase.
