TC Energy Reports Strong Q3 and Cost Savings

TC Energy (TSE:TRP) has released an update.

TC Energy reports a solid third quarter in 2024, with notable progress on its Southeast Gateway pipeline project in Mexico, which is now expected to cost significantly less than initially estimated. The company has revised its overall 2024 capital expenditure outlook downwards, further strengthening its financial position. Additionally, TC Energy successfully completed the spinoff of its Liquids Pipelines business, reducing its outstanding long-term debt substantially.

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