TC Energy (CVE) Q4 Net Income Falls 19% to C$2.1B Amid Higher Operating Costs

TC Energy Corporation (CVE) reported Q4 net income of C$2.1B, a 19% decline from C$2.6B in the same period of 2025, driven by higher operating and maintenance costs, lower oil prices, and unplanned outages at its pipelines. The company issued C$1.2B in dividends during the quarter, maintaining its guidance for 2026 capital expenditures of C$10B–C$11B despite the earnings contraction. Key figures: Q4 revenue C$4.7B, net loss from continuing operations C$208M, average daily throughput of crude oil and products 2.8 million barrels.