The pipeline operator says it earned net income attributable to common shares of $841 million or 84 cents per share for the quarter ended Sept. 30, up from $779 million or 80 cents per share a year earlier.
Revenue for the quarter totalled nearly $3.80 billion, up from $3.24 billion in the third quarter of 2021. TC Energy says its comparable earnings for its latest quarter amounted to $1.07 per share, up from a comparable profit of 99 cents per share a year ago. Analysts on average had expected a profit of 99 cents per share and $3.54 billion in revenue, according to estimates compiled by financial markets data firm Refinitiv.
TC Energy chief executive François Poirier says demand for the company's services across its North American portfolio remains high and it continues to see strong utilization, availability, and overall asset performance.
Source: Energy Industry News (energyindustrynews.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
TC Energy profit surges amid strong demand for pipelinesTC Energy profit surges amid strong demand for pipelines mpotkins mpotkins We need to get our shit together. mpotkins Anyone who thinks Trudeau is an ally to environmentalists is sadly mistaken and has been fooled. Oil production has went up since Trudeau was elected. We produce almost twice the oil we consume. Fossil fuel subsidies are 13x higher than for renewables. mpotkins Get leftist politicians out of the way and the economy will boom
Source: nationalpost - 🏆 10. / 80 Read more »
TC Energy profit surges amid strong demand for pipelinesProfit up 8% as U.S. pumps up LNG exports
Source: fpinvesting - 🏆 43. / 63 Read more »
TC Energy profit surges amid strong demand for pipelinesTC Energy profit surges amid strong demand for pipelines mpotkins
Source: financialpost - 🏆 7. / 85 Read more »
John Weissenberger: Energy crisis the result of decades of failed German leadershipGermany is now further from the Second World War than the time between modern Germany’s founding and 1945, but the country has yet to grow a clear\u002Deyed,… And yet the economist - a magazine whose purpose isn't advocacy for the oil industry - regards Germany as one of the most successful liberal democracies on the planet, and leader of the free world... Just back from Europe where we saw so many cars stuffed with tree limbs. Not landscaping - hoarding firewood. In 2022. Who knew green energy meant trees?
Source: nationalpost - 🏆 10. / 80 Read more »
More than $470 million from Alberta, federal governments for hydrogen energy complexFederal and provincial governments investing combined $476 million toward new blue hydrogen energy facility in Alberta Industrial Heartland
Source: calgaryherald - 🏆 64. / 52 Read more »
Energy Transition Centre opens its door in downtown Calgary - BNN BloombergThe centre is a partnership between the University of Calgary, Innovate Calgary and Avatar Innovations, a local company that works with the oil and gas sector on innovation and technology. Give them 1000 dollars in funding and they will greenwash black sheets.
Source: BNNBloomberg - 🏆 83. / 50 Read more »