TC Energy Books Record Earnings amid High Natural Gas Demand

TC Energy Corporation reported on Friday record comparable core earnings and earnings per share for 2023, topping analyst estimates, as demand for natural gas and LNG surged. The Canada-based pipeline giant booked US$8 billion C$11.0 billion in earnings before interest, tax, depreciation, and amortization EBITDA for 2023, up by 11% compared to 2022. Comparable earnings per common share rose by 5% annually to US$3.35 C$4.52 in 2023. TC Energy’s deliveries to power generators on its U.S.

“Within our integrated natural gas pipelines business, total NGTL System deliveries in Canada averaged 14.5 Bcf/d and various pipelines in the U.S. achieved record throughput volumes,” chief executive CEO François Poirier said. “The GTN system achieved a delivery record of 3.1 Bcf on November 11, 2023, Tuscarora Gas Transmission System achieved a delivery record of 0.2 Bcf on November 30, 2023, and the Portland Natural Gas Transmission System achieved a delivery record of 0.

Energy Energy Latest News, Energy Energy Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nuclear fusion: new record brings dream of clean energy closerNuclear fusion still remains a long way off but brings the world one step closer to endless clean energy.
Source: BBCScienceNews - 🏆 87. / 53 Read more »

New plans for Northamptonshire energy park approved despite public objectionsA road has been approved to follow a previous military access route into the site, which is located on the former RAF Chelveston Airfield
Source: NorthamptonUK - 🏆 99. / 51 Read more »