The Vancouver Sun reports in its Thursday edition that TC Energy posted a loss in its latest quarter compared with a profit a year ago as it took an impairment charge related to its Coastal GasLink pipeline project. A Canadian Press dispatch to The Sun says that the result came as the company says it has achieved mechanical completion of Coastal GasLink ahead of its year-end target and plans to complete commissioning activities to be ready to deliver gas to the LNG Canada facility by the end of the year. The pipeline company reported a net loss attributable to common shares of $197-million for the quarter ended Sept. 30 compared with net income of $841-million or 84 cents per share in third quarter 2022. The latest results included a $1.18-billion after-tax impairment charge related to its equity investment in the Coastal GasLink Pipeline Limited Partnership. Revenue for the quarter totalled $3.94-billion, up from $3.80-billion a year earlier. TC Energy closed Wednesday at $49.84, up 41 cents on the Toronto Stock Exchange.
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