TC Energy’s Q3 earnings slightly missed estimates, but it foresees a surge in North American natural gas demand driven by U.S. LNG exports and power demand from data centers and coal-to-gas conversions. The company operates 58,100 miles of natural gas pipelines and generates over 75% of its power from low carbon sources.

Earnings in the U.S. natural gas and power segments declined in Q3, with a decrease in the natural gas pipelines segment to US$568 million. TC Energy’s comparable earnings were US$0.55 per share, slightly below analyst estimates. Despite this, the company remains optimistic about future growth in natural gas and power businesses.

TC Energy expects a significant increase in North American natural gas demand by 2035, driven by LNG exports and power demand from data centers and coal-to-gas conversions. Top industry players anticipate accelerated development of natural gas infrastructure to meet rising electricity demand, with natural gas well-positioned for growth according to a Goldman Sachs report.

Read more at Yahoo Finance: TC Energy Upbeat on North America’s Natural Gas Market