TC Energy 3Q Misses Expectations But Guidance Largely as Expected -- Market Talk

Dow Jones

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1005 ET - At first glance, TC Energy looks to have fallen modestly short of expectations in 3Q, though its guidance still appears healthy, Raymond James' Michael Barth and Justin Jenkins say. Adjusted Ebitda at C$2.65 billion was 3% below the analysts' forecast, while comparable EPS at C$0.77 was shy of the C$0.93 they anticipated. The miss was driven by lower-than-expected contributions from U.S. gas pipelines, Mexico gas pipelines, and the power and energy segment, they say. Still, they argue the results overall are neutral, with 2026 guidance consistent with expectations and fresh 2028 guidance not materially off the current consensus estimates. (robb.stewart@wsj.com)

(END) Dow Jones Newswires

November 06, 2025 10:05 ET (15:05 GMT)

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Adjusted Ebitda at C$2.65 billion was 3% below the analysts' forecast, while comparable EPS at C$0.77 was shy of the C$0.93 they anticipated. The miss was driven by lower-than-expected contributions from U.S. gas pipelines, Mexico gas pipelines, and the power and energy segment, they say. Still, they argue the results overall are neutral, with 2026 guidance consistent with expectations and fresh 2028 guidance not materially off the current consensus estimates. (robb.stewart@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 06, 2025 10:05 ET (15:05 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BMG7P694.USD","symbol_name":"Legg Mason ClearBridge - Global Infrastructure Income A Mdis USD Plus","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2581921980","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2581921980","pubTimestamp":1762441500,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1005 ET - At first glance, TC Energy looks to have fallen modestly short of expectations in 3Q, though its guidance still appears healthy, Raymond James' Michael Barth and Justin Jenkins say. Adjusted Ebitda at C$2.65 billion was 3% below the analysts' forecast, while comparable EPS at C$0.77 was shy of the C$0.93 they anticipated. The miss was driven by lower-than-expected contributions from U.S. gas pipelines, Mexico gas pipelines, and the power and energy segment, they say. Still, they argue the results overall are neutral, with 2026 guidance consistent with expectations and fresh 2028 guidance not materially off the current consensus estimates. 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Adjusted Ebitda at C$2.65 billion was 3% below the analysts' forecast, while comparable EPS at C$0.77 was shy of the C$0.93 they anticipated. The miss was driven by lower-than-expected contributions from U.S. gas pipelines, Mexico gas pipelines, and the power and energy segment, they say. Still, they argue the results overall are neutral, with 2026 guidance consistent with expectations and fresh 2028 guidance not materially off the current consensus estimates. (robb.stewart@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 06, 2025 10:05 ET (15:05 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}