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TC Energy(TRP) - 2022 Q3 - Earnings Call Presentation
TC EnergyTC Energy(US:TRP)2022-11-09 16:23

Financial Performance & Outlook - TC Energy revised its 2022 EBITDA outlook higher, anticipating approximately 4% year-over-year comparable EBITDA growth[10] - The company sanctioned $78 billion of high-quality capital projects year-to-date[10] - Q3 2022 comparable EBITDA was up 10% year-over-year, from $2238 million to $2461 million[31, 32] - TC Energy expects a 3-5% annual dividend growth[48] - The company's secured capital program is $34 billion[41] Operational Highlights - U S Natural Gas Pipelines are tracking to their 6th consecutive year of record EBITDA[13] - U S Natural Gas Pipelines average daily flows increased by 6% year-over-year[13] - LNG deliveries for U S Natural Gas Pipelines increased by 43% compared to Q3 2021[13] - Total NGTL System deliveries averaged 124 Bcf/d, up 4% compared to Q3 2021[16] - September average volumes on the Keystone Pipeline reached approximately 640000 Bbl/d[20] Strategic Initiatives - TC Energy sanctioned US$45 billion for the Southeast Gateway Pipeline in Mexico[15]