Nov 7 (Reuters) - Pipeline operator TC Energy's ( TRP )
third-quarter profit beat Wall Street estimates on Thursday,
helped by higher volumes of liquids transported through its
system.
U.S. imports of crude oil from Canada reached a record in
July, benefiting pipeline firms such as TC Energy ( TRP ).
Additionally, the U.S. Energy Information Agency said gas
consumption in the United States would rise from a record 89.1
billion cubic feet per day (bcfd) in 2023 to 90.1 bcfd in 2024.
Quarterly earnings from TC Energy's ( TRP ) U.S. natural gas
pipelines, its largest segment, rose to C$1.33 billion ($957.66
million) from C$782 million a year earlier.
The company reported an adjusted profit of C$1.03 per share
for the quarter, compared with the average analyst estimate of
95 Canadian cents, according to data compiled by LSEG.
($1 = 1.3888 Canadian dollars)