TC Energy Reports Q4 EBITDA of CA$2.2 B, Reaffirms CA$8.4 B Guidance
TC Energy reported Q4 adjusted EBITDA of CA$2.2 billion, up 7% year-over-year, driven by 5% growth in pipeline throughput. The company reaffirmed its 2026 EBITDA guidance at CA$8.4 billion as its stock rallied over 3% alongside peers in a Canadian energy sector roundup.
1. Q4 Earnings Call Details
TC Energy’s Q4 earnings call highlighted an adjusted EBITDA of CA$2.2 billion, representing a 7% year-over-year gain fueled by a 5% rise in pipeline throughput volumes. Management noted completion of key midstream expansions and reaffirmed operational stability across its natural gas and liquids networks.
2. Energy Sector Roundup
In the broader energy & utilities roundup, Canadian leaders were praised for robust Q4 earnings driven by higher commodity demand and regulated utility performance. Commentary emphasized sustained natural gas flows and growing transport revenues as support factors for midstream operators.
3. Stock Reaction Post-Earnings
Following the earnings release and guidance reaffirmation, TC Energy shares jumped over 3%, outpacing the TSX energy index. Investor focus centered on the CA$8.4 billion 2026 EBITDA outlook and strong throughput metrics, underpinning confidence in long-term cash flow growth.