(Reuters) – Canadian pipeline operator TC Energy (NYSE:) on Friday posted a loss of C$1 billion ($821.36 million) in the first quarter, hit by C$2.2 billion impairment charges related to the suspension of its Keystone XL pipeline project.
The Calgary, Alberta-based company reported net loss attributable to shareholders of C$1.1 billion, or C$1.11 per share, in the three months ended March 31, compared with a profit of C$1.1 billion, or C$1.20 per share, in the fourth quarter.
Excluding items, TC Energy earned C$1.16 per share.
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