CEO Francois Poirier said, “Following strong asset performance driven by our focus on safety and operational excellence and reflecting the increase in segmented earnings during the first nine months of 2024, we now expect comparable EBITDA to be at the upper end of our 2024 outlook. Our Southeast Gateway pipeline project in Mexico is making significant progress toward commercial in-service no later than mid-next year and we now expect capital expenditures associated with the project to be between $3.9B-$4.1B, approximately 11% mid-point below the original cost estimate of $4.5B. Reflecting strong project execution, we anticipate overall net 2024 capital expenditures to be approximately 8% mid-point lower, at $7.4B-$7.7B, further enhancing our financial strength and flexibility.”
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