TC Energy Corporation (TRP) Q3 2022 Earnings Call Transcript

TC Energy Corporation (NYSE:TRP) Q3 2022 Earnings Conference Call November 9, 2022 8:30 AM ET

Company Participants

Gavin Wylie – Vice President-Investor Relations

François Poirier – President and Chief Executive Officer

Joel Hunter – Chief Financial Officer

Stan Chapman – President-U.S. and Mexico Natural Gas Pipelines

Corey Hessen – Executive Vice-President and President-Power & Energy Solutions

Bevin Wirzba – Executive Vice President-Strategy and Corporate Development and Group Executive-Canadian Natural Gas Pipelines and Liquids Pipelines

Greg Grant – President-Canadian Natural Gas Pipelines

Conference Call Participants

Rob Hope – Scotiabank

Robert Kwan – RBC Capital Markets

Jeremy Tonet – JPMorgan

Linda Ezergailis – TD Securities

Praneeth Satish – Wells Fargo

Robert Catellier – CIBC Capital Markets

Michael Lapides – Goldman Sachs

Ben Pham – BMO

Andrew Kuske – Credit Suisse

Matthew Weekes – iA Capital Markets

Patrick Kenny – National Bank Financial

Operator

Thank you for standing by. This is the conference operator. Welcome to the TC Energy’s Third Quarter 2022 Results Conference Call. As a reminder, all participants are in listen-only mode and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. [Operator Instructions]

I would now like to turn the conference over to Gavin Wylie, Vice President, Investor Relations. Please go ahead.

Gavin Wylie

Yes, thank you very much and good morning, everyone. I’d like to welcome you to TC Energy’s 2022 third quarter conference call. Joining me today are François Poirier, President and Chief Executive Officer; Joel Hunter, Chief Financial Officer, along with other members of our senior leadership team.

François and Joel will begin today with some comments on our financial results and operational highlights. A copy of the slide presentation that will accompany their remarks is available on our website under the Investors section.

Following their remarks, we’ll take questions from the investment community. We ask that you limit yourself to two questions and if you are a member of the media, please contact Jaimie Harding.

Before François begins, I’d like to remind you that our remarks today will include forward-looking statements that are subject to important risks and uncertainties. For more information, please see the reports filed by TC Energy with the Canadian Securities Regulators and the U.S. Securities Exchange Commission.

Finally, during the presentation, we will refer to certain non-GAAP measures that may not be comparable to similar measures presented by other entities. These measures are used to provide additional information on TC Energy’s operating performance, liquidity, and it’s ability to generate funds to finance its operations. A reconciliation of various GAAP and non-GAAP measures is contained in the appendix of the presentation materials.