TC Energy Corp. (TSX:TRP) reported third-quarter net income attributable to common shares of $1.03 billion, or 98 cents per share, up from $609 million a year earlier, and raised its outlook for 2026, the Calgary-based pipeline company said Thursday.
Comparable earnings per share were 94 cents for the quarter ended Sept. 30, up from 77 cents in the third quarter of 2025, the Canadian Press reported. Revenue totalled $4.03 billion, up from $3.70 billion. The year-earlier result included a loss of $204 million from discontinued operations.
TC Energy now expects comparable earnings before interest, taxes, depreciation and amortization of $11.8 billion to $12.0 billion for 2026, up from its earlier range of $11.6 billion to $11.8 billion.
TC Energy shares were up about 3 per cent at about $90.11 in morning trading on the Toronto Stock Exchange, Yahoo Finance data showed. See our morning market report and the pre-market look at Thursday.
| Third quarter 2026 | 2026 | 2025 |
|---|---|---|
| Net income to common shares | $1.03 billion | $609 million |
| Earnings per share | 98 cents | 58 cents |
| Comparable earnings per share | 94 cents | 77 cents |
| Revenue | $4.03 billion | $3.70 billion |
| 2026 comparable EBITDA outlook | $11.8 billion to $12.0 billion | Earlier: $11.6 billion to $11.8 billion |
File photo: a TC Energy pump station near Oyen, Alta. Reuters. Figures are as reported by TC Energy through the Canadian Press, in Canadian dollars.
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