TC Energy Management Commentary Attributes Q3 2026 Comparable EBITDA Growth to Stronger US Pipeline Results

By Public Technologies
  • TC Energy management commentary attributed third-quarter 2026 comparable EBITDA growth of 13% to stronger U.S. pipeline earnings and higher Bruce Power contributions.
  • U.S. pipeline performance benefited from higher transportation rates and additional contracted sales, partly offset by lower GTN contracted sales.
  • Bruce Power benefited from higher contract prices and increased production following Unit 3's return to service.
  • Comparable earnings rose to CAD 0.94 per share from CAD 0.77; higher depreciation, taxes and interest costs partly offset EBITDA growth.
  • Management raised its 2026 comparable EBITDA outlook to CAD 11.8 billion–CAD 12 billion, citing strong operations, favorable settlements and earlier project completions.


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