TC Energy expects record profits in 2025 due to strong demand for natural gas and electricity in North America.
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.
TC Energy has now aligned its portfolio across complementary businesses, natural gas and power, where wide-scale electrification is a significant common driver of future demand growth, the company said. “Led by a three-fold increase in LNG exports, strong growth in power generation driven by coal retirements and data center demand, our forecast shows North American natural gas demand increasing by nearly 40 Bcf/d by 2035,” according to the company.
Natural Gas Electricity North America Energy Demand LNG Exports Profit Growth Infrastructure Energy Transition Climate Change
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