Pipe for the Trans Mountain pipeline is unloaded in Edson, Alta. 2019. Photo by Jason Franson/The Canadian Press files

The chief executive of Trans Mountain Corp. says the federal government should wait three to five years to unload the pipeline system after the company nearly doubled a core performance measure in the second quarter.

Mark Maki, who rose to the CEO job last September after serving as chief financial officer, said Trans Mountain was returning significant cash to Canadians, and that its valuation would likely only grow as it reached operating capacity.

“In my heart of hearts, (the time to sell is) a few years out. I would say three to five,” Maki said.

Trans Mountain’s adjusted earnings (before interest, taxes, depreciation and amortization) rose to $558 million in

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