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Pipeline operator TC Energy posts quarterly profit

reuters.com · 04/29/2022 07:35
Pipeline operator TC Energy posts quarterly profit

- Canadian pipeline operator TC Energy TRP reported a quarterly profit, compared with a year-earlier loss when it took C$2.2 billion impairment charges related to the suspension of its Keystone XL pipeline project.

Net income attributable to common shares stood at C$358 million ($281.18 million), or 36 Canadian cents per share, in the three months ended March. 31, compared with a loss of C$1.1 billion, or C$1.1 per share, a year earlier.


($1 = 1.2732 Canadian dollars)


(Reporting by Arunima Kumar in Bengaluru; Editing by Anil D'Silva)

((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94 ;))