TC Energy reported strong second quarter 2026 results and now expects its full-year comparable EBITDA to be at the upper end of its $11.6 to $11.8 billion outlook range. Second quarter comparable EBITDA rose 12% to $2.9 billion, while comparable earnings reached $1.0 billion or $0.94 per share, up from $0.8 billion or $0.82 per share a year earlier. The company also sanctioned $0.7 billion of new growth projects in the quarter, bringing total 2026 sanctioned projects to approximately $3 billion, including two U.S. natural gas pipeline expansions with a weighted average build multiple of about 5.8 times backed by 20-year take-or-pay contracts. The board declared a quarterly dividend of $0.8775 per common share, and the company placed roughly $1.8 billion of projects into service in the first half of the year, including the Bison XPress project and the Valhalla North and Berland River expansion on the NGTL System.
TC Energy CorpCompany reports strong Q2 earnings, raises full-year EBITDA guidance to upper end of range, and sanctions new growth projects.