By Adriano Marchese
TC Energy Corp. on Friday reported a fall in third-quarter profit.
The Canadian energy-infrastructure company, which operates three core businesses of natural gas pipelines, liquids pipelines and energy, said earnings per share were 80 Canadian cents (64 U.S. cents), down from C$0.96 in the comparable quarter a year ago.
Net income was C$779 million, compared with C$904 million a year ago.
In the period, comparable earnings before interest, taxes, depreciation and amortization decreased by C$54 million, to C$2.2 billion, due in large part to lower flow-through depreciation and certain financial charges.
The board declared a quarterly dividend of C$0.87 a share.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
11-05-21 0803ET