TransCanada PipeLines posts 2.5x earnings coverage

Q: How much were TCPA's interest obligations for the period?

TCPA's interest obligations were approximately $3.418 billion for the twelve-month period ended September 30, 2026. Earnings from continuing operations before interest expense and income taxes were approximately $8.562 billion.

The coverage calculation uses unaudited consolidated financial information prepared under US generally accepted accounting principles.

Available on EDGAR 11/05/2026 - 07:20 AM EST Accepted by SEC EDGAR 11/05/2026 - 07:20 AM EST

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Form Type

6-K

Rhea-AI Filing Summary

TransCanada PipeLines Limited (TCPA) calculated earnings coverage on long-term debt and current liabilities at 2.5 times for the twelve-month period ended September 30, 2026. For that period, earnings from continuing operations before interest expense and income taxes were approximately $8.562 billion, while interest obligations were approximately $3.418 billion.

Key Figures

Earnings coverage on long-term debt and current liabilities: 2.5 times Interest obligations: Approximately $3.418 billion Earnings from continuing operations before interest expense and income taxes: Approximately $8.562 billion

3 metrics

Earnings coverage on long-term debt and current liabilities 2.5 times Twelve-month period ended September 30, 2026

Interest obligations Approximately $3.418 billion Twelve-month period ended September 30, 2026

Earnings from continuing operations before interest expense and income taxes Approximately $8.562 billion Twelve-month period ended September 30, 2026

Key Terms

Earnings coverage on long-term debt and current liabilities, Earnings from continuing operations before interest expense and income taxes, US generally accepted accounting principles

3 terms

Earnings coverage on long-term debt and current liabilities financial

"Earnings coverage on long-term debt and current liabilities"

Earnings from continuing operations before interest expense and income taxes financial

"earnings from continuing operations before interest expense and income taxes"

US generally accepted accounting principles financial

"prepared in accordance with US generally accepted accounting principles"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What was TCPA's earnings coverage ratio for the 12 months ended September 30, 2026?

TCPA's earnings coverage on long-term debt and current liabilities was 2.5 times for the twelve-month period ended September 30, 2026.

How much were TCPA's interest obligations for the period?

TCPA's interest obligations were approximately $3.418 billion for the twelve-month period ended September 30, 2026. Earnings from continuing operations before interest expense and income taxes were approximately $8.562 billion.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

For the month of November 2026

Commission File No. 1-8887

TransCanada PipeLines Limited

(Translation of Registrants’ Names into English)

450 - 1 Street S.W., Calgary, Alberta, T2P 5H1, Canada

(Address of Principal Executive Offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F o Form 40-F þ

Exhibit 99.1 to this report, furnished on Form 6-K, shall be incorporated by reference into the following Registration Statements under the Securities Act of 1933, as amended, of the registrant: Form F-10 (File No. 333-283633).

EXHIBIT INDEX


99.1			Schedule of earnings coverage calculations at September 30, 2026.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


Date: November 5, 2026	TRANSCANADA PIPELINES LIMITED


	By:	/s/ Sean P. O'Donnell
		Sean P. O'Donnell
		Executive Vice-President, Strategy and Corporate Development and Chief Financial Officer



	By:	/s/ Yvonne Frame-Zawalykut
		Yvonne Frame-Zawalykut
		Vice-President and Controller

EXHIBIT 99.1

TransCanada PipeLines Limited

EARNINGS COVERAGE

Supplemental Financial Information (unaudited)

Exhibit to the September 30, 2026 Condensed Consolidated Financial Statements of TC Energy Corporation

September 30, 2026

The following financial ratio has been calculated on a consolidated basis for twelve-month period ended September 30, 2026 and is based on unaudited financial information of TransCanada PipeLines Limited (the Corporation). The financial ratio has been calculated based on financial information prepared in accordance with US generally accepted accounting principles. The following ratio has been prepared based on net income:


			September 30, 2026

Earnings coverage on long-term debt and current liabilities			2.5 times

The Corporation’s interest obligations for the twelve-month period ended September 30, 2026 amounted to approximately $3.418 billion. The Corporation’s earnings from continuing operations before interest expense and income taxes amounted to approximately $8.562 billion for the twelve-month period ended September 30, 2026 which is 2.5 times the Corporation’s interest requirements for that period.

Source: View Original Filing on SEC EDGAR

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EX-99.1 EXHIBIT 99.1 EARNINGS COVERAGE RATIO 4.3 KB