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TC Energy says U.S. offers best returns as it considers spending commitments

TC Energy Corp. Plans to focus discretionary spending in the U.S., stating, "The vast majority of our discretionary capital is going, and we expect that it will continue to go, into the United States."
The company's profit decreased to 94 cents per share for the quarter ended December 31, down from $1.41 per share in the previous year, as reported by TC Energy.
Chief Executive François Poirier noted, "Right now we see the highest risk-adjusted returns being in the United States," highlighting the company's preference for U.S. Investments over Canadian projects.
TC Energy's revenue for the quarter rose to $3.58 billion, up from $3.50 billion in the fourth quarter of 2023, according to the company's report.

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TC Energy says U.S. offers best returns as it considers spending commitments

TC Energy reported $971 million in net income attributable to its common shares for the fourth quarter, down from $1.46 billion a year earlier.

2 months ago·Toronto, Canada

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pipelineonline.ca

So much for Energy East: TC Energy says U.S. offers best returns as it considers spending commitments

TC Energy Corp. says it plans to keep its discretionary spending focused on the U.S. as it downplayed the chances of reviving an eastern energy export route from Canada. “Right now we see the highest risk-adjusted returns being in the United States,” said chief executive François Poirier on an earnings call Friday. “The vast majority of our discretionary capital is going, and we expect that it will continue to go, into the United States.” TC Ene…

2 months ago

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