TC Energy Tops Quarterly Profit Estimates, Approves $498 Million in Gas Pipeline Expansion Projects

TC Energy tops quarterly profit estimates, approves $498 million in gas pipeline expansion projects

TC Energy beat Q2 profit estimates and approved about $498 million in North American natural gas pipeline projects to meet rising power-generation demand, raising its 2035 gas demand outlook to 51 bcfpd with projects in the U.S., Canada and Mexico expected in service from 2028 to 2030.

TC Energy Tops Quarterly Profit Estimates, Approves C$700 Million in Pipeline Expansion Projects - Energy News, Top Headlines, Commentaries, Features & Events

(Reuters) – TC Energy  on Thursday beat second-quarter profit estimates and approved pipeline expansion projects worth about C$700 million ($498.36 million) across ​North America, including two U.S. projects aimed at meeting the rising demand ‌from power generation. Surging electricity consumption, particularly from AI-driven data centres, has been boosting demand for natural gas-fired power plants, prompting ...