TC Energy Reports Strong Q3 2026 Results and Raises Full-Year EBITDA Guidance
TC Energy (TRP) reported robust third-quarter 2026 financial results, highlighted by a 13% year-over-year increase in comparable EBITDA to $3.0 billion and a 22% rise in comparable EPS to $0.94. The growth was primarily driven by strong asset availability, higher pipeline flows, and significant contributions from power generation assets following the return of Bruce Power Unit 3 to service. Following outperformance across all four business segments, the company raised its 2026 EBITDA guidance to a range of $11.8 billion to $12.0 billion. Looking ahead, TC Energy maintains a strong growth trajectory with a $40 billion origination funnel and a project backlog totaling $30 billion through 2031. Strategic expansions like the Crossroads Expansion and Coastal GasLink Phase 2 are positioned to meet rising demand for natural gas and power solutions.
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Topics: Capital Expenditures EBITDA EPS Financial Guidance Infrastructure Expansion