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Second Quarter 2026 Financial Highlights release

Our diversified and irreplaceable portfolio of high-quality, long-life energy infrastructure assets continue to produce strong results.

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Driven by disciplined execution and strong market momentum, 2025 was a defining year for TC Energy. We delivered safe and reliable operations, advanced critical energy infrastructure and strengthened our financial performance to meet rising energy demand across North America.

2025 letter to shareholders

CEO François Poirier and Chair John Lowe share their views on the outlook for our business following a transformational year executing on 2025’s priorities.

Liquids Spinoff

On Oct. 1, 2024, we successfully completed the spinoff of our Liquids Pipelines business – South Bow. As separate companies, we can pursue disciplined growth plans and distinct strategies, positioning both companies to maximize asset value and continue to meet growing energy demand.
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Sundre Crossover — Commitment-tracking Table No. 16

Sundre Crossover — Commitment-tracking Table No. 16

Edson Mainline Expansion Project – Commitment Tracking Table No. 1

Edson Mainline Expansion Project – Commitment Tracking Table No. 1

Sundre Crossover — Commitment-tracking Table No. 15

Sundre Crossover — Commitment-tracking Table No. 15

Sundre Crossover — Commitment-tracking Table No. 9

Commitment Tracking Table No. 3

Commitment Tracking Table No. 3

FERC No. 7.18.0 – International Joint Rate Tariff Containing Rates Applying to the Transportation of Petroleum (effective January 1, 2020)

North Montney Mainline Project — Commitment Tracking Table No. 51

CER Tariff No. 48 International Joint Rate Tariff Containing Rates Applying to the Transportation of Petroleum (effective April 1, 2020)

Commitment Tracking Table No. 2

Commitment Tracking Table No. 2

Saddle Lake Lateral - Commitment Table No. 14

Saddle Lake Lateral - Commitment Table No. 14

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