Overview
- Trans Mountain expects to pay $1.25 billion to the federal government this year, driven by a refinancing deal and record first-quarter shipments averaging 757,000 barrels per day.
- The line operated at about 85 percent of its 890,000-barrel-a-day capacity in Q1, peaking at 90 percent in March.
- Adjusted EBITDA rose to $568 million in the first quarter from $36 million a year earlier, and $311 million was transferred to parent Canada TMP Finance Ltd.
- It plans to have the additive project in service by the end of 2026 and is exploring pump horsepower upgrades that could lift capacity to roughly 1.13 million barrels per day.
- A planned sale of Trans Mountain remains on hold until optimization projects advance and toll disputes before the Canada Energy Regulator are resolved.