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TC Energy Profit Falls in Third Quarter

By Adriano Marchese

 

TC Energy Corp. on Friday reported a fall in third-quarter profit.

The Canadian energy-infrastructure company, which operates three core businesses of natural gas pipelines, liquids pipelines and energy, said earnings per share were 80 Canadian cents (64 U.S. cents), down from C$0.96 in the comparable quarter a year ago.

Net income was C$779 million, compared with C$904 million a year ago.

In the period, comparable earnings before interest, taxes, depreciation and amortization decreased by C$54 million, to C$2.2 billion, due in large part to lower flow-through depreciation and certain financial charges.

The board declared a quarterly dividend of C$0.87 a share.

 

Write to Adriano Marchese at adriano.marchese@wsj.com

 

(END) Dow Jones Newswires

November 05, 2021 08:03 ET (12:03 GMT)

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