TC Energy Reaps Rewards from Heavy U.S. Natural Gas Deliveries

November 11, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--TC Energy Corporation (NYSE:TRP) (Calgary, Alberta) enjoyed strong third-quarter profits as it transported more natural gas through its U.S.-based pipelines amid sharply rising demand. In a quarterly earnings-related presentation, the company cited higher liquefied natural gas (LNG) exports from the U.S., ongoing coal-fired power plant retirements, and growing energy needs for data centers as leading factors.

Industrial Info is tracking US$6 billion worth of active and proposed projects from TC Energy worldwide, including about US$5 billion worth in the U.S. and Canada. One of TC Energy's biggest U.S.-based projects is set to wrap up toward the end of the year is a major pipeline in Louisiana.

Other companies featured: Venture Global LNG and ONEOK Incorporated (NYSE:OKE)