Friday, TC PipeLines LP (TCLP) said its third-quarter net profit decreased to $27.4 million from $33.0 million in the prior year period. Net profit prior to recast for the quarter declined to $27.4 million from $28.3 million in the year-ago period. Net income per common unit for the quarter was $0.65 per share, lower than $0.72 per share last year. On average, 7 analysts polled by Thomson Reuters expected the company to report earnings of $0.52 per share for the quarter.
Transmission revenues for the quarter increased marginally to $17.5 million from $17.4 million in the comparable period. Two analysts estimated revenues of $17.30 million for the quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.