TC Energy Corporation today announced net income attributable to common shares for fourth quarter 2019 of $1.1 billion or $1.18 per share compared to net income of $1.1 billion or $1.19 per share for the same period in 2018. For the year ended December 31, 2019, net income attributable to common shares was $4.0 billion or $4.28 per share compared to net income of $3.5 billion or $3.92 per share in 2018. Comparable earnings for fourth quarter 2019 were $970 million or $1.03 per common share compared to $946 million or $1.03 per common share for the same period in 2018. For the year ended December 31, 2019, comparable earnings were $3.9 billion or $4.14 per common share compared to $3.5 billion or $3.86 per common share in 2018. TC Energy's Board of Directors also declared a quarterly dividend of $0.81 per common share for the quarter ending March 31, 2020, equivalent to $3.24 per common share on an annualized basis, an increase of eight per cent. This is the twentieth consecutive year the Board has raised the dividend.

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The East Lateral XPress project will provide 725 million cubic feet per day of firm natural gas transportation capacity on TC Energy’s Columbia Gulf Transmission Pipeline to a new delivery point in Plaquemines Parish, La.

Personally, and on behalf of TC Energy, I want to congratulate the Blueberry River First Nations on their historic Implementation Agreement with the Province of British Columbia. We celebrate the benefits this agreement will bring to the community for generations to come, and the certainty and stability it will provide to industries like ours.

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