Feb 14 (Reuters) - Canada's TC Energy (TRP.TO) , opens new tab beat analysts' estimates for fourth-quarter profit on Friday, boosted by strong demand in its Mexican operations and higher deliveries on its Canadian natural gas pipelines.

The results come as the country's energy sector faces uncertainty after U.S. President Donald Trump imposed 25% tariffs on Canada and Mexico and then delayed them by a month.

Calgary-based TC Energy said it was assessing the trade negotiations and the impact of the proposed tariffs, but expected minimal impact.

The company said on Friday its Southeast Gateway Pipeline in Mexico had achieved mechanical completion and was expected to go into service by May.

TC Energy reiterated it was well-positioned to capitalize on the unprecedented demand for natural gas across North America, primarily driven by electric generation associated with booming demand from cryptocurrency mining and data centers.

The pipeline operator's total revenue rose 2% to C$3.58 billion ($2.52 billion) boosted by higher adjusted core earnings from Mexican natural gas pipelines and power and energy solutions segments.

However, profit fell at its U.S. and Canadian pipelines segments due to the sale of Portland Natural Gas Transmission System and lower earnings from the Coastal GasLink natgas pipeline.

The company posted an adjusted profit of C$1.05 per share, compared with analysts' estimates of C$1.00, according to data compiled by LSEG.

TC Energy increased its quarterly dividend by 3.3% to 85 Canadian cents.

($1 = 1.4181 Canadian dollars)

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https://www.reuters.com/business/energy/canadas-tc-energy-beats-quarterly-profit-estimates-2025-02-14/