This document provides an overview of the key factors that have influenced how TransCanada has performed in its recent past, its financial condition, and its future prospects.

The decision to expand our Houston Tank Terminal from two to four storage tanks is an example of TC Energy meeting our suppliers’ needs today, while anticipating the crude oil market demands of tomorrow. The two additional tanks that opened for business at our Gulf Coast tank terminal gives TC Energy’s Liquids business unit and our customers greater flexibility to store and move different grades of oil more quickly and efficiently in the Gulf Coast region.

This document is a comprehensive report on a company's activities throughout the preceding year.

TC Energy announced plans to spin off its Liquids Pipelines business, creating two independent investment-grade, publicly listed companies to fully capture opportunities presented by long-term fundamentals driving energy transition and energy security.

This document is a comprehensive report on a company's activities throughout the preceding year.

tce-CPHC-Financial-Statements-Q2-2025.pdf