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  4. TC ENERGY CORPORATION
TC Energy Corporation
XNYS: TRP
60.050.07(0.12%)
1.3M
XNYS Volume

XNYS 09 Oct, 2026 5:30 PM (EDT)

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TC Energy Corp quarterly and annual earnings report: results, revenue, profit, P&L, balance sheet, cash flow, financial ratios, revenue mix, peer comparison, and financial documents

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Forecaster Analyst Estimates for TC Energy Corp share price target, revenues, EPS, net income and more

TC Energy Corp quarterly results: revenue, profit, and P&L – 13 quarter history

  • POSITIVE

    Quarterly Revenue TC Energy Corp Jun-2026 Quarterly Revenue is $3,957 Million which is growth of 5.7% YoY.

  • POSITIVE

    Quarterly Net Profit TC Energy Corp Jun-2026 Quarterly Net Profit is $1,016 Million which is growth of 18.0% YoY.

TC Energy Corporation, Earnings Report - Quarterly Results, standalone, All financials are in CAD Million and price data in USD
IndicatorGraphJun '26Mar '26Dec '25Sep '25Jun '25Mar '25Dec '24Sep '24Jun '24Mar '24Dec '23Sep '23Jun '23
Operating Rev.
3,9573,8614,1683,7043,7443,6231,3604,0834,0854,2434,2363,9403,830
Cost Of Rev.
1,9791,8332,0501,9061,9021,7385852,2412,2322,1072,2042,1392,018
Gross Profit
1,9782,0282,1181,7981,8421,8857751,8421,8532,1362,0321,8011,812
⌄
227194224215218224123235236226230218222
Operating Profit
1,7511,8341,8941,5831,6241,6616521,6071,6171,9101,8021,5831,590
-766-766-778-746-684-541-409-537-590-603-592-638-627
Profit Before Tax
1,4531,4051,4241,2131,3391,4688652,0021,3491,6901,824-39537
Tax
30725426324533729378351200293209134258
⌄
9878999806098339789711,4579631,2031,463-197250
Diluted NI Avail to Com Stockholders Ann.
9878999806098339789711,4579631,2031,463-197250
Basic EPS
10.90.90.60.80.90.91.40.91.21.4-0.20.2
Diluted EPS After ExtraOrdinary
0.90.910.80.80.90.8111.11.30.70.7
Number Of Shares End
1,0421,0411,0401,0401,0401,0391,0381,0381,0371,0371,0361,0351,027
Net Income Continuing Discontinued Operations
1,0169271,0156378611,0069991,4839901,2261,487-174273
Normalized Income
9841,0311,0188058489831,0941,0748221,2841291,035981
Interest Income
3433584749513078969771216316
Interest
800799729793733592558626659680607701643
Net Interest Income
-766-766-778-746-684-541-409-537-590-603-592-638-627
EBIT
2,2192,1712,0951,9592,0232,0091,1162,5391,9392,2932,3105991,164
EBITDA
2,9562,8942,8142,6602,6942,6871,7553,2522,6563,0123,0271,2891,858
Reconciled Cost Of Rev.
1,9791,8332,0501,9061,9021,7385852,2412,2322,1072,2042,1392,018
Reconciled Depr.
737723719701671678639713717719717690694
Profit From Continuing Operations
1,1461,1511,1827649731,1751,1821,6511,1491,3971,615-173279
Normalized EBITDA
2,9452,9272,8582,6762,6742,6951,8402,8702,7443,0623,0552,6412,548
*All financials are in CAD Million and price data in USD

TC Energy Corp competitor comparison and performance snapshot within industry

TC Energy Corp annual results: revenue, profit, P&L, and margins as of Dec 2025 – 11 year history

  • POSITIVE

    Annual Revenue TC Energy Corp Dec-2025 Annual Revenue is $15,239 Million which is growth of 10.7% YoY.

  • NEGATIVE

    Annual Net Profit TC Energy Corp Dec-2025 Annual Net Profit is $3,519 Million which is growth of -25.1% YoY.

TC Energy Corporation, Earnings Report - Annual Results, standalone, All financials are in CAD Million and price data in USD
IndicatorGraphCAGR 3 YrsCAGR 5 YrsTTMDec '25Dec '24Dec '23Dec '22Dec '21Dec '20Dec '19Dec '18Dec '17Dec '16Dec '15
0.6%
3.2%
 15,23913,77115,93414,97713,38712,99913,25513,67913,44912,50511,300
Cost Of Rev. Ann.
-1.9%
3.3%
7,7687,5967,1658,1828,0506,7076,4686,7427,4298,3437,9307,252
Gross Profit Ann.
3.3%
3.2%
7,9227,6436,6067,7526,9276,6806,5316,5136,2505,1064,5754,048
Operating Exp. Ann.
1.3%
3.9%
860881820897848774727727569569555517
Operating Profit Ann.
3.6%
3.1%
7,0626,7625,7866,8556,0795,9065,8045,7865,6814,5374,0203,531
-
-
-3,056-2,749-2,139-2,446-2,073-1,893-1,666-1,398-1,815-1,378-1,476-1,207
Other Exp. Ann.
-
8.1%
 1,4312,259-399-2,632-1,84796979983147-1,707-3,430
PBT Ann.
58.2%
1.3%
5,4955,4445,9064,0101,3742,1665,1075,1873,9493,306837-1,106
Tax Ann.
24.5%
42.5%
1,0691,138922942589120194754432-8935234
⌄
74.4%
-5.3%
3,4753,4004,5942,8296411,8154,4573,9763,5392,997124-1,240
Diluted NI Avail to Com Stockholders Ann.
74.4%
-5.3%
3,4753,4004,5942,8296411,8154,4573,9763,5392,997124-1,240
EPS Ann.
76.5%
-6.8%
 3.34.42.80.61.94.74.33.93.40.2-1.8
Diluted EPS Ann.
76.5%
-6.8%
 3.34.42.80.61.94.74.33.93.40.2-1.8
Number Of Shares End
0.8%
2%
 1,0401,0381,0361,016982940935914878834709
Total Exp. Ann.
-1.6%
3.3%
 8,4777,9859,0798,8987,4817,1957,4697,9988,9128,4857,769
Net Income Continuing Discontinued Operations Ann.
67.6%
-5.3%
3,5953,5194,6982,9227481,9554,6164,1403,7023,157233-1,146
Normalized Income Ann.
-5.1%
-1.5%
3,8383,6543,8654,6524,2794,1423,9453,8513,4802,6902,1081,755
Interest Income Ann.
12%
-0.8%
172205542242146200213460-184103163
Interest Ann.
9.3%
9.2%
3,1212,8472,5232,5822,1832,0151,8361,8031,7671,4951,3681,339
EBITDA Ann.
21.9%
3.1%
11,32410,85510,6759,1285,9956,5039,3208,9948,0666,6724,0411,835
Reconciled Cost Of Rev. Ann.
-1.9%
3.3%
7,7687,5967,1658,1828,0506,7076,4686,7427,4298,3437,9307,252
Reconciled Depr. Ann.
2.3%
1.3%
2,8802,7692,7882,7782,5842,5222,5902,4642,3502,0551,9391,765
Profit From Continuing Operations Ann.
73.4%
-3.6%
4,2434,0945,3793,0687852,0464,9134,4333,5173,395485-1,140
Normalized EBITDA Ann.
3.5%
2.6%
11,40610,90310,51611,1469,8279,4489,5839,5758,6977,4826,3655,868
*All financials are in CAD Million and price data in USD
Total Rev. Ann.
1Y CHG
10.7%
2Y CAGR
-2.2%
3Y CAGR
0.6%
5Y CAGR
3.2%
7Y CAGR
1.6%
10Y CAGR
3%
Total Revenue Annual growth is higher than historical averages.
Net Profit Ann.
1Y CHG
-25.1%
2Y CAGR
9.7%
3Y CAGR
67.6%
5Y CAGR
-5.3%
7Y CAGR
-0.7%
Net Profit Annual is falling faster than historical averages.
Operating Exp. Ann.
1Y CHG
7.4%
2Y CAGR
-0.9%
3Y CAGR
1.3%
5Y CAGR
3.9%
7Y CAGR
6.4%
10Y CAGR
5.5%
Operating Expenses Annual Cr growth is higher than historical averages.

TC Energy Corp balance sheet as of Dec 2025: assets, liabilities, reserves, and borrowings – 11 year history

  • NEGATIVE

    Total Shareholders Fund TC Energy Corp Dec-2025 Total Shareholders Fund is $25,040 Million which is growth of -0.2% YoY.

  • POSITIVE

    Total Assets TC Energy Corp Dec-2025 Total Assets is $118,751 Million which is growth of 0.4% YoY.

TC Energy Corporation, Balance Sheet, standalone, All financials are in CAD Million and price data in USD
IndicatorGraphCAGR 3 YrsCAGR 5 YrsDec '25Dec '24Dec '23Dec '22Dec '21Dec '20Dec '19Dec '18Dec '17Dec '16Dec '15
1.3%
3.4%
118,751118,243125,034114,348104,218100,30099,27998,92086,10188,05164,483
⌄
0.7%
4.1%
81,85279,88386,02680,23270,82266,82766,88267,92759,21062,06846,328
⌄
-7.4%
-1.8%
25,04025,09327,05431,49129,78427,41826,78325,35821,05920,27713,939
Total Capitalization Ann.
0.2%
2.5%
84,74783,61689,81684,13079,55174,80973,65773,35563,92166,50047,897
Tangible Assets Ann.
-12.3%
-5.3%
14,27913,92217,02121,14720,68918,71916,16114,10911,3598,2059,592
Working Capital Ann.
-
-
-3,643-4,778-445-9,575-5,618-6,786-5,248-7,811-5,197404-3,392
Invested Capital Ann.
-1.7%
2.1%
85,23784,45990,25589,79182,55076,97776,68275,59964,57065,13249,163
Tangible Book Value Ann.
-13.6%
-4%
12,02411,42314,52218,64817,20214,73912,18110,1297,3794,2257,093
Borrowings Ann.
1.1%
3.9%
60,62859,87763,60258,67953,14649,98650,37550,24143,51144,85535,224
Net Debt Ann.
1.3%
4.6%
60,02958,56559,52357,68052,09348,02948,55649,79542,42243,83934,374
Share Issued Ann.
0.7%
2.1%
1,040.81,039.11,037.51,018980.8940.1938.4918.1881.4863.8702.6
Number Of Shares End
0.8%
2%
1,0401,0381,0361,016982940935914878834709
*All financials are in CAD Million and price data in USD
Total Assets Ann.
1Y CHG
0.4%
2Y CAGR
-2.5%
3Y CAGR
1.3%
5Y CAGR
3.4%
7Y CAGR
2.6%
10Y CAGR
6.3%
Total Assets Annual growth is lower than historical averages.
Total Current Liabilities Ann.
1Y CHG
-5.3%
2Y CAGR
-8.2%
3Y CAGR
-16.2%
5Y CAGR
-3.6%
7Y CAGR
-3.7%
10Y CAGR
3.1%
Total Current Liabilities Annual Cr is falling faster than historical averages.
Total ShareHolders Funds Ann.
1Y CHG
-0.2%
2Y CAGR
-3.8%
3Y CAGR
-7.4%
5Y CAGR
-1.8%
7Y CAGR
-0.2%
10Y CAGR
6%
Total ShareHolders Funds Annual is falling faster than historical averages.

TC Energy Corp ROE, ROCE, book value, and debt-to-equity ratio as of Dec 2025 – 11 year history

  • POSITIVE

    Book Value Per Share TC Energy Corp Book Value Per Share is $18 which is growth of 5.2% YoY.

  • NEUTRAL

    ROE TC Energy Corp ROE is 0% which is growth of 0% YoY.

TC Energy Corporation, Ratios, standalone, All financials are in CAD Million and price data in USD
IndicatorGraphCAGR 3 YrsCAGR 5 YrsDec '25Dec '24Dec '23Dec '22Dec '21Dec '20Dec '19Dec '18Dec '17Dec '16Dec '15
RoA Ann. %
-
-
-3.78%2.36%0.59%1.77%4.47%4.01%3.83%3.44%0.16%-2.01%
ROE Ann. %
-
-
-17.62%9.66%2.09%6.35%16.45%15.25%15.25%14.50%0.72%-8.06%
ROIC %
-
-
-1.32-11.91.91.72.11.7-0.1-4.5
OPM Ann. %
3%
-0.1%
44.37%42.02%43.02%40.59%44.12%44.65%43.65%41.53%33.73%32.15%31.25%
Inventory Turnover Ratio Ann.
-
-
-8.38.59.79.91215.318.422.42323.6
Asset Turnover Ann. %
-
-
-0.10.10.10.10.10.10.20.20.20.2
Working Capital Turnover Ann.
-
-
-4.2-2.9-35.8-1.6-2.4-1.9-2.5-1.8-2.631-3.3
Quick Ratio Ann.
-
-
-0.40.70.30.40.30.30.20.40.40.3
Current Ratio Ann.
-
-
-0.610.40.60.40.60.40.51.10.5
Interest Coverage Ratio Ann.
-
-
-3.32.61.62.13.83.93.23.21.60.2
LT Debt To Equity Ann.
-
-
-2.32.21.61.61.61.61.71.92.12.3
*All financials are in CAD Million and price data in USD

TC Energy Corp cash flow: net, operating, investing, and financing flows as of Dec 2025 – 11 year history

  • NEGATIVE

    Cash From Operating Activity TC Energy Corp Dec-2025 Cash From Operating Activity is $7,346 Million which is growth of -4.5% YoY.

  • POSITIVE

    Net Cash Flow TC Energy Corp Dec-2025 Net Cash Flow is $-628 Million which is growth of 79.7% YoY.

TC Energy Corporation, Cash Flow, standalone, All financials are in CAD Million and price data in USD
IndicatorGraphCAGR 3 YrsCAGR 5 YrsDec '25Dec '24Dec '23Dec '22Dec '21Dec '20Dec '19Dec '18Dec '17Dec '16Dec '15
4.8%
0.8%
7,3467,6967,2686,3756,8907,0587,0826,5555,2305,0694,115
-
-
-6,458-6,909-12,287-7,009-7,712-6,052-6,872-10,019-3,699-18,783-4,610
-
-
-1,516-3,8748,093487-88-8006932,748-1,41914,007744
Cash Plus Cash Eqv. End Of Year Ann.
-35.3%
-35.7%
1688013,6786206731,5301,3434461,0891,016850
Net Increase In Cash Plus Cash Eqv.s Ann.
-
-
-628-3,0873,074-147-910206903-716112293249
Cash Plus Cash Eqv. Begin Of Year Ann.
6%
-9.8%
8013,6786206731,5301,3434461,0891,016850489
Income Tax Paid Supplemental Data Ann.
-
-
-----------
Interest Paid Supplemental Data Ann.
-
-
-----------
Capex Ann.
-
-
-5,286-6,358-8,149-6,727-5,924-8,135-8,182-9,914-7,529-5,302-4,429
Issuance Of Capital Stock Ann.
-62.1%
2.7%
1048841,905148912531,1482749,221270
Issuance Of Debt Ann.
31.9%
6.9%
8,0699,55415,8843,51611,2255,7704,4606,2387,11113,8825,962
Repayment Of Debt Ann.
-
-
-6,116-9,517-3,772-1,338-7,758-3,977-3,502-3,550-7,085-7,153-2,105
Repurchase Of Capital Stock Ann.
-
-
-250-1,000-500--1,205-14-294
Free Cash Flow Ann.
-
-
2,0601,338-881-352966-1,077-1,100-3,359-2,299-233-314
*All financials are in CAD Million and price data in USD
Cash from Operating Act. Ann.
1Y CHG
-4.5%
2Y CAGR
0.5%
3Y CAGR
4.8%
5Y CAGR
0.8%
7Y CAGR
1.6%
10Y CAGR
6%
Cash from Operating Activity Annual is falling faster than historical averages.