TC Energy second-quarter profit down as it reaches milestone with Coastal GasLink LP
TC Energy Corp. posted a lower quarterly profit as its Coastal GasLink project reaches a “significant milestone.”
The Calgary-based energy producer says its net income attributable to shareholders was $889 million or 90 cents per diluted share in the second quarter, down from $975 million or $1 per share a year earlier.
Cost of Coastal GasLink pipeline leaps 70% to $11.2B as TC Energy settles dispute
The projected cost of the contentious Coastal GasLink pipeline spanning northern British Columbia has jumped 70 per cent to $11.2 billion in the wake of a freshly inked deal between operator TC Energy Corp. and the group building a liquified natural gas terminal on the West Coast.
Precision Drilling reports $25M net loss in Q2, revenue up 62%
Precision Drilling Corp. says it had a net loss of $24.6 million for the second quarter, down from a net loss of $75.9 million in the same quarter last year.
The net loss for the quarter ending June 30 worked out to $1.81 per share, compared with $5.71 per share for the same quarter last year.
MEG Energy posts $225-million profit, completes turnaround at Christina Lake facility
MEG Energy Inc. reported a $225-million profit in its latest quarter as it completed on time and on budget the planned turnaround at its Christina Lake Phase 2B facility.
The Calgary-based oilsands developer says it earned 72 cents per diluted share in the second quarter, compared with 22 cents per share or $68 million a year earlier.
Calfrac reports higher revenue, lower net loss in second quarter amid higher pricing
Calfrac Well Services Ltd. reported a lower loss in its most recent quarter as its revenues climbed amid improved pricing and increased activity.
The oilfield services company says it lost $6.78 million or 18 cents per share in its second quarter, compared with a loss of $35.52 million or 95 cents a share in the same period last year.
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