TC Energy Corporation reported on Friday record comparable core earnings and earnings per share for 2023, topping analyst estimates, as demand for natural gas and LNG surged. The Canada-based pipeline giant booked US$8 billion C$11.0 billion in earnings before interest, tax, depreciation, and amortization EBITDA for 2023, up by 11% compared to 2022. Comparable earnings per common share rose by 5% annually to US$3.35 C$4.52 in 2023. TC Energy’s deliveries to power generators on its U.S.
“Within our integrated natural gas pipelines business, total NGTL System deliveries in Canada averaged 14.5 Bcf/d and various pipelines in the U.S. achieved record throughput volumes,” chief executive CEO François Poirier said. “The GTN system achieved a delivery record of 3.1 Bcf on November 11, 2023, Tuscarora Gas Transmission System achieved a delivery record of 0.2 Bcf on November 30, 2023, and the Portland Natural Gas Transmission System achieved a delivery record of 0.
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