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TC Energy forecasts higher 2025 core profit on natgas, electricity demand
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TC Energy forecasts higher 2025 core profit on natgas, electricity demand
Nov 19, 2024 8:34 PM

Nov 19 (Reuters) - Canadian pipeline operator TC Energy

Corp ( TRP ) said on Tuesday it expects its 2025 core profit to

be in the range of about C$10.7 billion ($7.63 billion) to

C$10.9 billion ($7.78 billion).

For 2024, the company expects core profit to be at the upper

end of C$9.9 billion to C$10.1 billion, excluding its Liquid

Pipelines segment.

The pipeline operator also announced four new growth

projects aligned with increasing demand for natural gas and

nuclear power generation.

TC Energy's ( TRP ) annual investor day is scheduled to begin later

on Tuesday.

($1 = 1.4016 Canadian dollars)

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