Pipeline company TC Energy reports first-quarter profit up from year ago

TC Energy Corp. reported a first-quarter profit of $1.31 billion, up from $358 million in the same quarter last year.

The pipeline company says the profit amounted to $1.29 per diluted share for the quarter ended March 31, up from a profit of 36 cents per diluted share a year earlier.

Revenue totalled $3.93 billion, up from $3.50 billion in the first three months of 2022.

TC Energy says its comparable results for its most recent quarter amounted to $1.21 per share, up from $1.12 per share in the same quarter last year.