Pipeline operator Trans Mountain Corp. says it earned a profit in its latest quarter compared with a loss a year ago as its utilization rate and revenue rose compared with last year.
The Crown-owned pipeline company says it earned $127 million for the quarter ended Sept. 30 compared with a loss of $68 million a year ago.
The result came as revenue for the quarter totalled $765 million, up from $666 million.
Trans Mountain says it saw record throughput for the quarter at 777,000 barrels per day, up from 692,000 a year ago.
Utilization for the quarter stood at 87 percent, up from 78 percent in the third quarter last year….