TC Energy (NYSE: TRP) submits Q3 2025 MD&A and interim financials

Rhea-AI Filing Summary

TC Energy Corporation and its wholly owned subsidiary TransCanada PipeLines Limited filed a Form 6-K that mainly forwards TC Energy’s latest quarterly reporting materials. The submission furnishes TC Energy’s Management’s Discussion and Analysis of Financial Condition and Results of Operations and consolidated comparative interim unaudited financial statements for the period ended September 30, 2025.

The filing also includes CEO and CFO certifications under Sections 302 and 906 of the Sarbanes-Oxley Act and a November 6, 2025 news release. Certain exhibits are expressly incorporated by reference into existing TC Energy registration statements on Forms S-8, F-3 and F-10, while others are furnished but not incorporated. The note explains that TransCanada PipeLines relies on TC Energy’s continuous disclosure under Canadian exemptive relief, so the information provided is that of TC Energy.

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 2025

TC Energy Corporation

(Commission File No. 1-31690)

TransCanada PipeLines Limited

(Commission File No. 1-8887)

(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

Exhibits 13.1 and 13.2 to this report, furnished on Form 6-K, shall be incorporated by reference into each of the following Registration Statements under the Securities Act of 1933, as amended: Form S-8 (File Nos. 333-5916, 333-8470, 333-9130, 333-151736, 333-184074, 333-227114 and 333-237979), Form F-3 (File Nos. 33-13564 and 333-6132) and Form F-10 (File Nos. 333-250988, 333-252123, 333-267323 and 333-283633).

Exhibits 31.1, 31.2, 32.1, 32.2 and 99.1 to this report, furnished on Form 6-K, are furnished, not filed, and will not be incorporated by reference into any registration statement filed by the registrants under the Securities Act of 1933, as amended.

Explanatory Note

TransCanada PipeLines Limited (“TransCanada PipeLines”) is a wholly owned subsidiary of TC Energy Corporation (“TC Energy”). TransCanada PipeLines is relying on the continuous disclosure documents filed by TC Energy pursuant to an exemption from the requirements of National Instrument 51-102 - Continuous Disclosure Obligations and as provided in the decision of the Alberta Securities Commission and Ontario Securities Commission in Re TransCanada Corporation, 2019 ABASC 1, issued on January 3, 2019. Consistent with the exemptive relief, information contained in this Form 6-K is that provided by TC Energy.

EXHIBIT INDEX

13.1			Management’s Discussion and Analysis of Financial Condition and Results of Operations of TC Energy Corporation as at and for the period ended September 30, 2025.
13.2			Consolidated comparative interim unaudited financial statements of TC Energy Corporation for the period ended September 30, 2025 (included in TC Energy Corporation's Third Quarter 2025 Quarterly Report to Shareholders).
31.1			Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2			Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1			Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2			Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
99.1			A copy of the registrant's news release of November 6, 2025.

SIGNATURES

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

Date: November 6, 2025			TC ENERGY CORPORATION 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 Corporate Controller

FAQ

What did TC Energy (TRP) report in this Form 6-K?

The Form 6-K from TC Energy Corporation furnishes TC Energy’s Management’s Discussion and Analysis of Financial Condition and Results of Operations and its consolidated comparative interim unaudited financial statements for the period ended September 30, 2025, along with related CEO and CFO certifications and a November 6, 2025 news release.

Which financial period is covered by the TC Energy information in this 6-K?

The filing covers TC Energy’s MD&A and consolidated comparative interim unaudited financial statements as at and for the period ended September 30, 2025, described as part of the company’s Third Quarter 2025 Quarterly Report to shareholders.

How is TransCanada PipeLines Limited involved in this TC Energy Form 6-K?

TransCanada PipeLines Limited is a wholly owned subsidiary of TC Energy Corporation. The explanatory note states that TransCanada PipeLines relies on the continuous disclosure documents filed by TC Energy under an exemption from National Instrument 51-102, so the information contained in this Form 6-K is that provided by TC Energy.

Which exhibits from this TC Energy 6-K are incorporated by reference into registration statements?

Exhibits 13.1 and 13.2 are incorporated by reference into TC Energy’s existing registration statements under the Securities Act of 1933, including specified Forms S-8, F-3 and F-10. Other exhibits, such as 31.1, 31.2, 32.1, 32.2 and 99.1, are expressly described as furnished, not filed, and are not incorporated by reference into any registration statement.

What certifications are included in the TC Energy November 2025 Form 6-K?

The Form 6-K includes CEO and CFO certifications under both Section 302 and Section 906 of the Sarbanes-Oxley Act of 2002. These appear as Exhibits 31.1 and 31.2 (Section 302) and Exhibits 32.1 and 32.2 (Section 906).

Does the TC Energy 6-K include a news release and on what date?

Yes. Exhibit 99.1 is described as a copy of the registrant’s news release of November 6, 2025, which is furnished as part of this Form 6-K.

Under which annual report form does TC Energy file with the SEC?

The cover page indicates that TC Energy uses Form 40-F for its annual reports, consistent with its status as a foreign private issuer that qualifies to file under the multi-jurisdictional disclosure system.