The Financial Post reports in its Saturday edition that TC Energy beat fourth-quarter estimates by posting a profit of almost $1.5-billion due to the high demand for liquefied natural gas (LNG) compared with a $1.4-billion loss a year earlier. The Post's Naimul Karim writes that the Calgary company's income per share increased to $1.41 in the fourth quarter, ended on Dec. 31, compared with a loss of $1.42 in the same period in 2022. The company declared a quarterly dividend of 96 cents per common share for the quarter, up from 93 cents. In 2023, TC Energy earned $2.8-billion compared with $641-million in 2022. Chief executive officer François Poirier said 2023 was one of the company's "most transformational years" as it reached the mechanical completion of its Coastal GasLink pipeline project and announced its intention to spin off its liquid pipeline business. In a conference call, the company also said TC's "geographical diversity" will help combat the U.S. decision to pause pending export permits for LNG, an announcement made in January. The U.S. decision affects 20 or so projects currently undergoing approval, but it will not affect projects that are already approved and set to come on-line in the next two years.