TC Energy Beats Q2 Forecasts, Ups 2025 Outlook

TC Energy reported second-quarter 2025 earnings of 82 Canadian cents per share, beating analyst expectations of 78 cents, with revenue rising 12% to C$3.74 billion due to increased natural gas and power demand in North America. Despite a year-over-year decline in net earnings and per-share profit, the company's core businesses in Mexico, Canada, and the U.S. performed robustly, and its power and energy solutions segment saw a 32.6% increase in adjusted core profit. TC Energy operates a vast pipeline network that supplies over 30% of North America's daily natural gas requirements and is leveraging trends such as coal-to-gas conversions and the rise of data centers. The company raised its full-year adjusted core profit forecast for 2025, citing successful capital project execution and strong demand. Management also highlighted ongoing investment in renewable and lower-emission electricity to address North America’s evolving energy mix. While the stock has lagged the broader market, the earnings beat and improved outlook could impact future investor sentiment.