TC Energy Beats Q1 Profit Estimates on Pipeline Demand
TC Energy beat Q1 profit estimates as North American gas demand rose. The company earned 99 cents per share, supported by growth in its core pipeline segments.
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TC ENERGY CORP reported adjusted Q1 earnings of 0.99 CAD per share, beating LSEG analyst estimates of 0.98 CAD. The result follows a rise in adjusted core profit across its United States and Canada natural gas segments. Pipeline operators are positioning for a demand surge driven by AI data centers and expanded liquefied Natural Gas export capacity.
