Net income for the quarter was C$1.03 billion, or C$0.98 a share, compared with C$609 million, or C$0.58 a share, a year earlier. Revenue rose 8.8% to C$4.03 billion, topping the C$3.98 billion analysts had forecast, according to FactSet. Comparable EBITDA increased from C$2.65 billion a year earlier and exceeded the C$2.86 billion analyst consensus.

The company now expects full-year comparable EBITDA of C$11.8 billion to C$12 billion. It had said in late July that it was aiming for the upper end of a C$11.6 billion-to-C$11.8 billion range. TC Energy maintained its target of keeping debt to EBITDA below 4.75 times.

Natural gas deliveries averaged 24.3 billion cubic feet a day in Canada, up about 6% from a year earlier. U.S. flows averaged 27 billion cubic feet a day, a 3% increase, while Mexico flows rose 8% to 3.7 billion cubic feet a day. TC Energy transports more than 30% of the natural gas used in North America and supplies LNG exports. Its power assets include Bruce Power, which provides roughly 30% of Ontario’s electricity.

Chief Executive Francois Poirier said the company had sanctioned about C$6 billion in growth projects year-to-date in 2026, with roughly C$6 billion pending approval and more than C$40 billion in additional anticipated opportunities. He said those investments are expected to support annual comparable EBITDA growth of 5% to 7% over five years through 2031. TC Energy projects North American natural gas demand will rise by about 51 billion cubic feet a day from 2025 to 2035, led by LNG exports and gas-fired power generation; it expects Canadian power demand to double by 2050.