Recent Updates — TCANF

TC Energy reported third quarter 2026 comparable earnings of $1.0 billion ($0.94 per share), up from $0.8 billion in the prior year period, driven by strong operational performance and constructive settlement outcomes. The company raised its full-year 2026 comparable EBITDA outlook to a range of $11.8 to $12.0 billion, citing projects placed in service ahead of schedule and under budget. Additionally, TC Energy announced approximately $3 billion in new growth projects, bringing year-to-date sanctioned capital to roughly $6 billion at a weighted average build multiple of 6.5 times. The Board declared a quarterly dividend of $0.8775 per common share for the quarter ending December 31, 2026. TC Energy operates as a leader in North American energy infrastructure, moving natural gas and connecting LNG exports to global markets.

TC Energy Corporation announced the closing of an agreement with FN CGL Pipeline Limited Partnership, an Indigenous-led investment entity representing five British Columbia First Nations. Under the deal, the Haisla Nation, Halfway River First Nation, McLeod Lake Indian Band, Saulteau First Nations, and West Moberly First Nations will obtain an economic interest in the entity holding TC Energy’s limited partner interest in the Coastal GasLink pipeline. This transaction provides participating communities with long-term financial returns from the infrastructure project. A second related Indigenous investment transaction involving additional First Nations is expected to close in Q4 2026. TC Energy operates as a leader in North American energy infrastructure, moving natural gas and connecting LNG exports to global markets.

TC Energy announced that Coastal GasLink Phase 2 will proceed following LNG Canada’s positive Final Investment Decision for its facility expansion. This development satisfies the conditions of TC Energy's previously approved conditional FID, allowing the project to move forward. The phase aims to nearly double the pipeline's existing capacity of approximately 2.1 Bcf/d by adding compressor stations and upgrading facilities along the 670-kilometre route from Dawson Creek to Kitimat. Construction is expected to commence in early 2030s, with LNG Canada leading construction as Phase 2 Execution Manager while TC Energy retains ownership and operation. The project supports growing global demand for Canadian natural gas exports.