TC Energy Corporation (TRP) — Financial statements
Income statement, balance sheet, and cash flow for TC Energy Corporation — annual and quarterly history with growth and margin analysis.
| Metric (CAD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 15,188↑10.3% | 13,771↑3.8% | 13,267↑7.8% | 12,309↓8.1% | 13,387 | |
| Cost of Revenue | 7,590↑5.9% | 7,165↑8.6% | 6,599↑1.3% | 6,512↓2.9% | 6,707 | |
| Gross Profit | 7,598↑15.0% | 6,606↓0.9% | 6,668↑15.0% | 5,797↓13.2% | 6,680 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Expenses | 880↑7.4% | 820↑5.0% | 781↑7.4% | 727↓6.1% | 774 | |
| Operating Expenses | 880↑7.4% | 820↑5.0% | 781↑7.4% | 727↓6.1% | 774 | |
| Total Costs & Expenses | 8,470↑6.1% | 7,985↑8.2% | 7,380↑1.9% | 7,239↓3.2% | 7,481 | |
| Operating Results | ||||||
| Operating Income | 6,718↑16.1% | 5,786↓1.7% | 5,887↑16.1% | 5,070↓14.2% | 5,906 | |
| Depreciation & Amortization | 2,767↓0.8% | 2,788↑0.4% | 2,778↑7.5% | 2,584↑2.5% | 2,522 | |
| EBITDA | 9,484↓15.4% | 11,217↑29.6% | 8,658↑65.2% | 5,241↓21.8% | 6,703 | |
| EBIT | 6,718↓20.3% | 8,429↑43.4% | 5,880↑121.3% | 2,657↓36.5% | 4,181 | |
| Interest & Other Income | ||||||
| Net Interest Income | -3,186↓60.8% | -1,981↑1.6% | -2,013↓12.5% | -1,790↑6.0% | -1,903 | |
| Interest Income | 206↓62.0% | 542↓4.7% | 569↑428.3% | 108↓43.3% | 190 | |
| Interest Expense | 3,392↑34.5% | 2,523↓2.3% | 2,582↑36.1% | 1,897↓9.3% | 2,093 | |
| Non-Operating Income | 0.00↑100.0% | -2,643↓37857.1% | 7↓99.7% | 2,413↑39.9% | 1,725 | |
| Other Income / Expenses | -1,278↓1165.0% | 120↑104.6% | -2,589↑30.0% | -3,696↑1.2% | -3,740 | |
| Income Before Tax | 5,440↓7.9% | 5,906↑79.1% | 3,298↑140.0% | 1,374↓36.6% | 2,166 | |
| Income Tax Expense | 1,137↑23.3% | 922↑9.5% | 842↑43.0% | 589↑390.8% | 120 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 4,302↓13.7% | 4,984↑102.9% | 2,456↑212.9% | 785↓61.6% | 2,046 | |
| Net Income from Discontinued Operations | -212↓153.6% | 395↓35.5% | 612 | 0.00 | 0.00 | |
| Net Income | 3,516↓25.2% | 4,698↑60.8% | 2,922↑290.6% | 748↓61.7% | 1,955 | |
| Bottom-Line Net Income | 3,397↓26.1% | 4,594↑62.4% | 2,829↑341.3% | 641↓64.7% | 1,815 | |
| EPS (Basic) | 3.27↓26.2% | 4.43↑66.5% | 2.66↑315.6% | 0.64↓65.8% | 1.87 | |
| EPS (Diluted) | 3.27↓26.2% | 4.43↑61.1% | 2.75↑329.7% | 0.64↓65.6% | 1.86 | |
| Weighted Average Shares | 1,040↑0.2% | 1,038↑0.8% | 1,030↑3.5% | 995↑2.3% | 973 | |
| Weighted Average Diluted Shares | 1,040↑0.2% | 1,038↑0.8% | 1,030↑3.4% | 996↑2.3% | 974 | |
* All figures in Millions of CAD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.