TC Energy Corporation

TC Energy Corporation Earnings Recaps

TRP.TO Energy 1 recap
Next earnings: July 30, 2026 (estimated) · full calendar
Q3 2025 Nov 10, 2025

TC Energy delivered strong performance in Q3 2025, with an 8% year-over-year increase in comparable EBITDA and a new $700 million in growth projects, positioning the company for sustainable growth amidst rising energy demand.

Key takeaways
  • Comparable EBITDA rose 8% year-over-year for the first nine months of 2025.
  • Successfully placed $8 billion of assets into service, tracking 15% under budget.
  • Announced an additional $700 million in growth projects, increasing total sanctioned projects to $5.1 billion over the last year.
  • Expecting net capital expenditures for 2025 to land at the low end of the $5.5 billion to $6 billion range.
  • Enhanced regulatory support in Canada and the U.S. is driving demand for natural gas and infrastructure projects, bolstering long-term growth prospects.
Full recap

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