NYSE · TRP
TC Energy financials
$58.68−0.17%
Close Sep 28, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.10B | $9.60B | $10.01B | $9.07B | $10.59B | $10.21B | $10.19B | $10.08B | $13.45B | $9.34B |
| Gross profit | $10.95B | $9.44B | $9.95B | $5.94B | $7.28B | $10.21B | $9.91B | $8.99B | $11.07B | $7.73B |
| Gross margin | 98.6% | 98.4% | 99.4% | 65.5% | 68.7% | 100.0% | 97.2% | 89.1% | 82.3% | 82.7% |
| Operating income | $4.93B | $4.03B | $4.44B | $1.07B | $2.48B | $4.56B | $4.45B | $3.60B | $3.28B | $1.96B |
| Net income | $2.48B | $3.20B | $2.14B | $472.4M | $1.44B | $3.50B | $3.06B | $2.61B | $3.00B | $92.3M |
| Net margin | 22.3% | 33.4% | 21.3% | 5.2% | 13.6% | 34.3% | 30.0% | 25.9% | 22.3% | 1.0% |
| Diluted EPS | $2.38 | $3.09 | $2.08 | $0.47 | $1.47 | $3.72 | $3.28 | $2.89 | $3.43 | $0.12 |
| EBITDA | $6.94B | $5.97B | $6.54B | $5.64B | $6.67B | $6.59B | $6.34B | $5.92B | $6.59B | $4.44B |
| Operating cash flow | $5.35B | $5.36B | $5.49B | $4.70B | $5.45B | $5.54B | $5.45B | $4.83B | $5.23B | $3.77B |
| Free cash flow | $1.50B | $932.4M | -$664.9M | -$259.4M | $764.3M | -$846.0M | -$845.9M | -$2.48B | -$2.30B | -$173.5M |
| Diluted shares | 1,040.0M | 1,038.0M | 1,030.0M | 996.0M | 974.0M | 940.0M | 931.0M | 903.0M | 874.0M | 760.0M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $122.4M | $558.2M | $2.78B | $456.9M | $532.5M | $1.20B |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $44.40B | $41.94B | $48.39B | $43.46B | $42.20B | $39.40B |
| Total assets | $86.52B | $82.40B | $94.37B | $84.27B | $82.46B | $78.79B |
| Total liabilities | $59.63B | $55.66B | $64.93B | $59.13B | $56.03B | $52.50B |
| Shareholders' equity | $26.88B | $26.73B | $29.44B | $25.14B | $26.42B | $25.99B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology