10:59 AM EDT, 10/28/2024 (MT Newswires) -- RBC Capital Markets over the weekend provided third-quarter estimate changes for some Canadian Energy Infrastructure companies ahead of their coming earnings. "Broadly speaking, we expect the companies' disclosures and conference calls to highlight the positioning of their asset bases to benefit from increasing energy demand in North America. In particular, we anticipate that management teams will focus on energy demand related to electrification,

datacenter development and industrial onshoring/re-shoring," the bank said.

RBC said it reduced its third-quarter EBITDA estimates for Boralex ( BRLXF ) to $108 million from $128 million to reflect its expectation of below-average wind resources.

Brookfield Infrastructure Partners (BIP-UN.TO)'s funds from operations per unit estimate was down to $0.75 from $0.78 to reflect higher management fees as well as a weaker-than-forecast BRL/USD exchange rate.

The EPS forecast for Fortis ( FTS ) fell to $0.84 from $0.86 due to milder weather at UNS Energy, while the EBITDA (proportionate) estimate for Innergex Renewable Energy ( INGXF ) dropped to $194 million from $204 million) to reflect below-average wind resources.

RBC cut Keyera ( KEYUF ) 's EBITDA estimate to $315 million from $329 million and reduced the

discounted cash flow per share forecast to $0.78 from $0.84, driven by a weaker-than-

previously anticipated outlook for marketing.

The EPS estimate for TC Energy (TRP.TO) slid to $0.98 from $1.05 mainly due to seasonality

adjustments in the U.S. Natural Gas Pipelines segment.

Meanwhile, RBC's EBITDA estimate for TransAlta ( TAC ) was down to $318 million from $341

million to primarily reflect a lower wind resource.

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