This is an undated aerial photo of the former Columbia Gas building in Kanawha City, which currently houses TC Energy.
Courtesy photo
Calgary, Alberta-based TC Energy Corporation, which currently has offices located in the Columbia Gas building in ÂÒÂ×ÄÚÉä, reported Thursday earnings were $957.7 million, slightly down from the $963 million in the second quarter.
However, the company showed earnings of $1.1 billion — or $1.03 per common share — compared to $1 billion, or $1 per common share, in 2023.
Last month, the company completed the spin-off of its liquids pipeline business as it looked to focus on natural gas and as well as reducing debt.
François Poirier, TC Energy’s President and Chief Executive Officer issued a statement regarding the earnings report that said, in part:
“Following strong asset performance driven by our focus on safety and operational excellence and reflecting the increase in segmented earnings during the first nine months of 2024, we now expect comparable EBITDA1 to be at the upper end of our 2024 outlook. Reflecting strong project execution, we anticipate overall net 2024 capital expenditures to be approximately 8% (mid-point) lower, at $7.4 to $7.7 billion, further enhancing our financial strength and flexibility.â€
