The Globe and Mail reports in its Friday edition that a combination of strong demand growth for gas and favourable regulatory momentum saw TC Energy update its three-year financial outlook through 2028. The Globe's Emma Graney writes that the company now expects 2026 comparable EBITDA (earnings before interest, taxes, depreciation and amortization) to be between $11.6-billion and $11.8-billion, an increase of 6 to 8 per cent over 2025. Its 2025 to 2028 outlook includes an expected comparable EBITDA range of $12.6-billion to $13.1-billion. However, the company reported Thursday that its third-quarter profit fell year-over-year, even as revenues edged slightly higher. For example, net income from the company's largest segment -- U.S. natural gas pipelines -- fell to $801-million in the three months ended Sept. 30. That compared with $1.3-billion a year ago. Total revenue came in at $3.7-billion, up from $3.36-billion in the same quarter last year. The company has set 14 new natural gas pipeline flow records across its systems in 2025, and demand is only accelerating. In the United States, almost 60 per cent of data-centre projects are expected to fall in the footprint of TC Energy's various assets in the country.
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