F5 expects second-quarter revenue of $675 million to $695 million, down from $703 million in the same period last year but above Wall Street estimates of.
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CALGARY, Alberta (Reuters) - Canada’s TC Energy Corp reported a 13% rise in fourth-quarter comparable profit on Thursday, and said it sees significant opportunities in growing its natural gas and power and storage businesses.
The Calgary-based company is the owner of the Keystone XL (KXL) oil pipeline project, which was effectively killed last month when new U.S. President Joe Biden revoked a key permit for the project, which was under construction.
Chief Executive François Poirier said TC Energy was disappointed with the KXL decision but stressed the company had a “large and diversified asset base.”
TC Energy owns North America’s largest natural gas pipeline system, power and storage assets and the existing Keystone oil pipeline. Demand for natural gas, which can be used instead of more carbon-intensive coal for electricity, is growing as more countries focus on tackling climate change.
TC Energy eyes growth in natural gas, power and storage businesses reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.