TC Energy recorded net income of $862 million during the second quarter.Todd Korol/The Canadian Press
TC Energy Corp. TRP-T declares its second quarter profits rose from a year earlier despite a complex macroeconomic backdrop.
The Calgary-based pipeline producer declares it had a net income of $862 million, or 83 cents per share in the quarter, up from $804 million or 78 cents per share last year.
Revenues totalled $3.74 billion, up from $3.33 billion last year.
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The company declares that despite volatility in commodity markets, the company is raising its expected earnings before certain deductions this year.
It declares it now expects between $10.8 billion to $11 billion in comparable earnings before interest, taxes, depreciation and amortization, up by $100 million from its earlier guidance.
The company also increased its expected capital spfinishing for the year to between $6.1 billion and $6.6 billion, a $600 million increase.
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