Generates cash proceeds of approximately $560 million (US$400 million)

High-grading portfolio to redeploy proceeds towards accretive growth opportunities across TC Energy’s North American footprint

CALGARY, Alberta, Sept. 21, 2026 (GLOBE NEWSWIRE) -- TC Energy Corporation ((TSX, NYSE:TRP) (TC Energy or the Company) today announced it has entered into an agreement to sell Energía Occidente de México (EOM), the entity that owns the Guadalajara-Manzanillo Pipeline, to affiliates of ESENTIA Energy Development, S.A.B. de C.V. (ESENTIA) for a gross purchase price of $560 million (US$400 million). The 313-kilometre Guadalajara-Manzanillo Pipeline transports up to 500 MMcf/d of natural gas, connecting imported LNG supply near Manzanillo and continental gas supply near Guadalajara to power plants and industrial customers in the states of Colima and Jalisco.

This transaction is anticipated to close in the first half of 2027, and is subject to customary closing conditions, regulatory approvals and consents.