TC Energy forecasts higher 2025 core profit on natgas, electricity demand [Yahoo! Finance Canada]
TC Energy Corporation (TRP)
Last tc energy corporation earnings: 5/1 07:30 am
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Source: Yahoo! Finance Canada
The consumption is expected to ease to 89.6 bcfd in 2025, which will still be higher than the previous record of 89.1 bcfd in 2023. For 2024, the Canadian pipeline operator expects core profit to be at the upper end of C$9.9 billion to C$10.1 billion, excluding its Liquid Pipelines segment. The company completed the spin-off of its Liquid Pipelines unit in October, as it looked to focus on natural gas and reduce debt. North America's rising natural gas demand was driven by higher LNG exports, retiring coal plants and growing consumption in data centers associated with artificial intelligence operations, TC Energy said in its third-quarter earnings call. The company sees data center opportunities of more than two bcfd in North America, according to its investor presentation slides. It also announced four new growth projects aligned with increasing demand for natural gas and nuclear power generation, which would total to nearly C$1.5 billion ($1.07 billion) in capital expendi
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- TRP Revises Plan to Sale NGTL System Stake to Indigenous Communities [Yahoo! Finance]Yahoo! Finance
TRP
Earnings
- 11/7/24 - Beat
TRP
Sec Filings
- 11/20/24 - Form 6-K
- 11/13/24 - Form SC
- 11/13/24 - Form 6-K
- TRP's page on the SEC website