TC Energy Sees Natural Gas Demand Boosting Core Profit in 2025

TC Energy Corporation expects to book a higher core profit in 2025 compared to 2024 amid increased demand for natural gas and electricity in North America, the Canada-based pipeline operator said on its Investor Day event on Tuesday. TC Energy expects its comparable core earnings – or earnings before interest, tax, depreciation, and amortization (EBITDA) – to be in the range of US$7.6 billion-US$7.77 billion (C$10.7 billion to C$10.9 billion) in 2025, up from the top end of US$7.2 billion (C$10.1 billion) of the range expected for this…