TC Energy Corporation Q3 2025 Earnings Recap

TRP.TO Q3 2025 November 10, 2025

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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.

Earnings Per Share Miss

$0.78 vs $0.78 est.

-1.0% surprise

Revenue Miss

3704000000 vs 3714894020 est.

-0.3% surprise

Market Reaction

1-Day +2.06%

5-Day +5.72%

30-Day +2.32%

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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.

This summary was generated by AI from the official earnings call transcript and is provided for informational purposes only. It does not constitute financial advice. For the complete transcript and financial data, visit TRP.TO on AllInvestView.