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TC Energy TRP.TO · CAD

Energy · Toronto Stock Exchange · 🇨🇦 Canada

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88.73

+1.38%

Close of 9 Nov 2026, in CAD

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in CAD, from our data supplier.

FY2025

Revenue

C$15.20bn

FY2016FY2025

Net income

C$3.52bn

FY2016FY2025

Free cash flow

C$2.08bn

FY2016FY2025

Shareholders' equity

C$27.30bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueC$15.20bnC$13.77bnC$13.27bnC$12.31bnC$13.39bnC$13.00bnC$13.26bnC$13.68bnC$13.45bnC$12.55bn
Gross profitC$7.60bnC$6.61bnC$6.67bnC$5.80bnC$6.68bnC$6.53bnC$6.51bnC$6.25bnC$5.11bnC$4.58bn
Operating incomeC$6.72bnC$7.92bnC$5.89bnC$5.07bnC$5.91bnC$5.80bnC$5.79bnC$5.68bnC$4.54bnC$2.21bn
Net incomeC$3.52bnC$4.70bnC$2.92bnC$748.0mC$1.96bnC$4.62bnC$4.14bnC$3.70bnC$3.16bnC$233.0m
Diluted earnings per share3.384.532.820.741.994.914.414.053.590.28

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsC$118.75bnC$118.24bnC$125.03bnC$114.35bnC$104.22bnC$100.30bnC$99.28bnC$98.92bnC$86.10bnC$88.05bn
Cash and short-term investmentsC$261.0mC$801.0mC$3.68bnC$620.0mC$673.0mC$1.53bnC$1.34bnC$446.0mC$1.09bnC$1.02bn
Total liabilitiesC$81.85bnC$79.88bnC$86.03bnC$80.23bnC$70.82bnC$66.83bnC$66.88bnC$67.93bnC$59.21bnC$62.07bn
DebtC$60.20bnC$59.37bnC$63.20bnC$58.30bnC$52.77bnC$49.56bnC$49.90bnC$50.24bnC$43.51bnC$44.85bn
Shareholders' equityC$27.30bnC$27.59bnC$29.55bnC$33.99bnC$33.27bnC$31.40bnC$30.76bnC$29.34bnC$25.04bnC$24.26bn
Shares outstanding1,041m1,038m1,037m1,016m981m940m938m915m879m833m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsC$7.35bnC$7.70bnC$7.27bnC$6.38bnC$6.89bnC$7.06bnC$7.08bnC$6.55bnC$5.23bnC$5.07bn
Capital spending−C$5.27bn−C$6.36bn−C$8.15bn−C$6.73bn−C$5.92bn−C$8.13bn−C$8.18bn−C$9.91bn−C$7.53bn−C$5.30bn
Free cash flowC$2.08bnC$1.34bn−C$881.0m−C$352.0mC$966.0m−C$1.08bn−C$1.10bn−C$3.36bn−C$2.30bn−C$233.0m
Dividends paid−C$3.62bn−C$4.05bn−C$2.88bn−C$3.30bn−C$3.46bn−C$3.15bn−C$1.96bn−C$1.73bn−C$1.49bn−C$1.54bn

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueC$3.99bnC$4.23bnC$4.08bnC$3.70bnC$3.74bnC$3.62bnC$1.36bnC$4.08bn
Gross profitC$2.01bnC$2.40bnC$2.02bnC$1.80bnC$1.84bnC$1.89bnC$775.0mC$1.84bn
Operating incomeC$1.79bnC$2.21bnC$1.80bnC$1.58bnC$1.62bnC$1.66bnC$1.06bnC$2.14bn
Net incomeC$1.02bnC$927.0mC$1.01bnC$637.0mC$861.0mC$1.01bnC$999.0mC$1.48bn
Diluted earnings per share0.980.890.980.610.830.970.961.43
Cash from operationsC$2.22bnC$2.60bnC$1.89bnC$1.92bnC$2.17bnC$1.36bnC$2.08bnC$1.92bn
Capital spending−C$889.0m−C$1.07bn−C$1.35bn−C$1.26bn−C$1.11bn−C$1.56bn−C$1.65bn−C$1.76bn
Free cash flowC$1.33bnC$1.53bnC$548.0mC$663.0mC$1.06bn−C$205.0mC$435.0mC$151.0m
Total assetsC$123.93bnC$120.83bnC$118.75bnC$120.23bnC$116.84bnC$120.55bnC$118.24bnC$135.29bn
Cash and short-term investmentsC$2.07bnC$1.08bnC$261.0mC$1.80bnC$1.42bnC$1.96bnC$801.0mC$3.80bn
DebtC$63.74bnC$61.81bnC$60.20bnC$61.36bnC$59.43bnC$61.99bnC$59.43bnC$72.37bn
Shareholders' equityC$27.76bnC$27.53bnC$27.30bnC$27.46bnC$27.52bnC$27.69bnC$27.59bnC$30.46bn

Financial ratios

Data as of 10 Sept 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin50.0%48.0%50.3%47.1%49.9%50.2%
Operating margin44.2%57.5%44.4%41.2%44.1%44.6%
Net margin23.2%34.1%22.0%6.1%14.6%35.5%
Return on equity12.9%17.0%9.9%2.2%5.9%14.7%
Return on assets3.0%4.0%2.3%0.7%1.9%4.6%
Free cash flow yield13.9%15.5%17.0%14.7%14.9%18.5%
Revenue growth10.4%3.8%7.8%-8.1%3.0%-1.9%
Earnings growth-25.1%60.8%290.6%-61.7%-57.6%11.5%
Current ratio0.63x0.55x0.96x0.43x0.57x0.43x
Debt to equity2.21x2.15x2.14x1.72x1.59x1.58x
Equity ratio23.0%23.3%23.6%29.7%31.9%31.3%
Interest coverage1.98x2.64x2.28x2.28x2.82x3.09x
Buybacks as a share of market value-0.3%-0.1%-2.1%-3.6%-4.4%-0.2%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue7.3%3.2%3.0%
Operating income9.9%3.0%6.7%
Net income67.6%-5.3%—

Average margins

Over each period

1 year3 years5 years10 years
Gross margin49.0%48.9%49.3%45.7%
Operating margin50.6%46.9%46.1%40.7%
Net margin28.4%21.8%22.8%19.7%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings22.314.818.473.329.510.515.712.117.0216.4
Price to sales5.25.04.04.54.33.74.93.34.04.0

Dividends and splits

Per share, in the currency the company pays

Paid for 36 years. Last went ex-dividend on 29 Sept 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year2.6343.403.4453.3884.0994.0392.9512.732
  • 1.098-for-1 split · 2 Oct 2024

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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