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TC Energy beats profit estimates on natural gas and power demand
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TC Energy beats profit estimates on natural gas and power demand
Jul 31, 2025 4:14 AM

July 31 (Reuters) - Canadian pipeline operator TC Energy ( TRP )

beat analysts' estimates for second-quarter profit on

Thursday, helped by increased natural gas and power demand.

With energy demand growing across North America, the need

for renewable and lower-emission electricity is also set to

rise. TC Energy ( TRP ) believes new hydro, solar, wind, nuclear and

energy storage capacity will be required to meet growing demand

and support a shift in the energy mix.

The company's total quarterly revenue rose 12% to C$3.74

billion ($2.70 billion), supported by higher adjusted core

earnings from Mexican, Canadian and U.S. natural gas pipelines.

On an adjusted basis, the Calgary-based company earned 82

Canadian cents per share for the three months ended June 30,

compared with analysts' average expectation of 78 Canadian

cents, according to data compiled by LSEG.

($1 = 1.3849 Canadian dollars)

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