TC Energy’s second quarter profit down as it reaches milestone with Coastal GasLink LP
The Calgary-based energy producer says its net income attributable to shareholders was $889 million or 90 cents per diluted share in the second quarter, down from $975 million or $1 per share a year earlier.Cenovus Energy posts massive upswing in profit as second quarter net earnings reach $2.4B
The pipeline operator’s comparable earnings were $979 million or $1 per common share, down from $1.04 billion or $1.06 per share in the same period of 2021. Revenue for the three months ended June 30 increased to $3.64 billion from $3.18 billion during the same quarter last year.Story continues below advertisement
TC Energy’s president and CEO Francois Poirier says the pipeline company has reached a significant milestone with Coastal GasLink LP, signing revised agreements with LNG Canada that will allow the safe and timely execution of its largest LNG-linked project.
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