TC Energy's first-quarter profit misses estimates

Published: 2025-05-01 06:37:36 ET TRP.TO

Published on 05/01/2025 at 06:37

(Reuters) -Canadian pipeline operator TC Energy missed estimates for first-quarter profit on Thursday, hurt by weakness in its power and energy solutions business.

On an adjusted basis, the Calgary-based company earned C$0.95 per share for the three months ended March 31, compared with analysts' average expectation of 97 Canadian cents, according to data compiled by LSEG.

(Reporting by Mrinalika Roy in Bengaluru; Editing by Shounak Dasgupta)