TC Energy Q3 non-GAAP comparable earnings rise 22% to CAD 983 million
TRP•TC Energy’s third-quarter 2026 comparable earnings rose 22% year over year to CAD 983 million. The company raised its 2026 comparable EBITDA outlook to CAD 11.8 billion–CAD 12 billion and announced approximately CAD 3 billion in growth projects.
1. Earnings and outlook
TC Energy reported third-quarter 2026 comparable earnings, a non-GAAP measure, of CAD 983 million, up 22% year over year. It raised its 2026 comparable EBITDA outlook, a non-GAAP measure, to CAD 11.8 billion–CAD 12 billion and said it expects comparable EBITDA to grow at a 5%–7% compound annual rate from 2026 to 2031, supported by nearly CAD 25 billion of sanctioned projects.
2. New projects
Newly announced growth projects total approximately CAD 3 billion and include pipeline expansions serving U.S. Midwest power demand.
