Recent Updates — TRP
TC Energy Corporation will hold a teleconference and webcast on Thursday, November 5, 2026, at 8:30 a.m. ET / 7:30 a.m. ABT to discuss its third quarter financial results. The event will also include an update to the Company’s financial outlook along with other developments. François Poirier, TC Energy President and Chief Executive Officer; Sean O’Donnell, Executive Vice-President and Chief Financial Officer and other members of the executive leadership team will discuss the financial results as well as the Company’s strategic priorities, long-term outlook and growth objectives. Members of the investment community can participate by calling 1-800-990-2777 (North America toll free) or 1-416-855-9085 (International toll). A live video webcast will be available on TC Energy’s website and via a provided URL. TC Energy is a leader in North American energy infrastructure, spanning Canada, the U.S. and Mexico, 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.
TC Energy Corporation announced an agreement to sell Energía Occidente de México (EOM), the entity owning the Guadalajara-Manzanillo Pipeline, to affiliates of ESENTIA Energy Development for a gross purchase price of $560 million (US$400 million). The 313-kilometre pipeline transports up to 500 MMcf/d of natural gas. The transaction is anticipated to close in the first half of 2027, subject to customary closing conditions and regulatory approvals. TC Energy intends to redeploy the proceeds towards accretive growth opportunities across its North American footprint. TC Energy operates as a leader in North American energy infrastructure, moving natural gas and connecting LNG exports.
TC Energy Corporation reported second quarter 2026 comparable earnings of $1.0 billion, or $0.94 per share, up from $0.8 billion in the prior year period. Comparable EBITDA reached $2.9 billion, exceeding the previous year's $2.6 billion. The company raised its full-year 2026 comparable EBITDA outlook to the upper end of the $11.6 to $11.8 billion range and anticipates capital expenditures between $5.5 and $6.0 billion. Management sanctioned approximately $3 billion in new growth projects during the first half of 2026, including three natural gas pipeline expansions with weighted average build multiples around 5.8 times. The Board declared a quarterly dividend of $0.8775 per common share for Q3 2026, payable October 30 to shareholders of record on September 29. TC Energy operates in the energy infrastructure industry, owning and operating natural gas pipelines and power generation assets across North America.