CALGARY — TC Energy Corp. reported a third-quarter profit of $779 million, down from $904 million a year ago.

The pipeline company says the profit amounted to 80 cents per share for the quarter ended Sept. 30, down from 96 cents per share for the same period in 2020.

Revenue for the quarter totalled $3.24 billion, up from $3.20 billion.

TC Energy says its comparable profit for the quarter amounted to 99 cents per share compared with 95 cents per share a year ago.

The result matched the average analyst estimate compiled by financial markets data firm Refinitiv.

The earnings came as TC Energy approved an US$800-million project to improve reliability and expand a portion of the ANR Pipeline Co. system to serve markets in the Midwestern U.S.

This report by The Canadian Press was first published Nov. 5, 2021.

Companies in this story: (TSX:TRP)

The Canadian Press

News from © The Canadian Press, 2021. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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