Overview

• Trans Mountain will invite producers later this year to commit to incremental space enabled by drag‑reducing additives, with reporting indicating roughly 70,000 barrels a day could be added by late 2026 or early 2027.
• CEO Mark Maki says existing Alberta export lines are on track to be full around 2027 in their current configuration, so optimizations provide additional runway before any greenfield build.
• The expanded system averaged about 730,000 barrels a day in the first half of 2025, roughly 82% of its 890,000‑bpd capacity, with utilization expected to be near 90% in the second half.
• Maki cautions that some slack is needed in the network to avoid wider discounts on heavy Canadian crude when systems run completely full.
• Second‑quarter results showed a $150 million profit and the company says it remains on pace to return $1.25 billion to the federal government this year, as political calls for a new line persist without any firm private proposals.