TC Energy Corporation

TC Energy Corporation

19.40
CAD
+0.10
(+0.52%)
Nov 05Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Basic EPS, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Tangible Book Value per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Basic Weighted Avg Shares
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Sales/Revenue/Turnover
8,797
10,185
11,353
12,547
13,449
13,679
13,255
12,999
13,387
12,309
13,267
13,771
15,239
15,690
Operating Margin (%)
32.69
32.32
31.1
32.04
33.73
41.53
43.65
44.65
44.12
41.19
44.37
42.02
44.37
45.01
Depreciation Expense
1,485
1,611
1,765
1,939
2,055
2,350
2,464
2,590
2,522
2,584
2,778
2,788
2,769
2,880
Net Income, GAAP
1,786
1,840
-1,146
233
3,157
3,702
4,140
4,616
1,955
748
2,922
4,698
3,519
3,595
Effective Tax Rate (%)
24.23
29.43
- -
42.05
- -
10.94
14.54
3.8
5.54
67.93
25.53
15.61
20.9
19.45
Profit Margin (%)
20.3
18.07
-10.09
1.86
23.47
27.06
31.23
35.51
14.6
6.08
22.02
34.12
23.09
22.91
Working Capital
-2,211
-4,467
-3,444
404
-5,197
-7,811
-5,248
-6,786
-5,618
-9,575
-445
-4,778
-3,643
-5,042
LT Debt
22,955
24,120
31,318
42,243
38,882
44,017
43,370
43,838
46,660
50,519
60,663
56,475
57,822
57,726
Total Equity
20,136
20,653
18,155
25,983
26,891
30,993
32,397
33,473
33,396
34,116
39,008
38,360
36,899
37,475
Return on Invested Capital (%)
5.04
5.07
- -
1.68
- -
5.93
5.9
6.66
3.51
0.52
2.88
5.57
5.46
5.74
Return on Capital (%)
5.61
5.05
- -
1.25
- -
7.2
6.57
7.32
4.43
1.57
4.81
6.12
5.31
5.52
Return on Common Equity (%)
10.57
10.4
-8.06
0.72
14.5
15.25
15.25
16.45
6.35
2.09
9.66
17.62
13.56
13.76

Capital Structure

CAD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2,806
3,647
6,017
LT Borrowings
57,452
58,162
57,726
LT Finance Leases
370
- -
- -
Preferred Equity and Hybrid Capital
2,255
2,255
2,255
Shares Outstanding
- -
- -
- -
Market Capitalization
- -
- -
- -

Working Capital

CAD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
6,316
6,828
7,894
Cash, Cash Equivalents & STI
168
1,083
2,074
Accounts Receivable, Net
2,794
2,380
2,490
Inventories
782
857
936
Total Current Liabilities
9,959
10,502
12,936
Payables & Accruals
5,660
6,686
6,754
ST Debt
2,806
3,647
6,017
Deferred Revenue
46
- -
- -

Growth Rates

CAD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.05%
2.16%
-3.81%
Free Cash Flow
5.73%
1.1%
-4.55%
Net Income, GAAP
138.21%
41.39%
-25.1%
Sales/Revenue/Turnover
3.16%
3.43%
10.66%
Total Cash Common Dividend
11.57%
4.99%
-11.3%

Quarterly Revenue

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,509
3,327
3,358
1,360
13,771
2025
3,623
3,744
3,704
4,168
15,239
2026
3,861
3,957
- -
- -
- -

Quarterly Earnings Per Share

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Francois L. Poirier
Full Time Employees
6,668
Sector
Industrial services
Industry
Oil & gas pipelines
Address
450 - 1 Street SW Calgary AB Canada T2P 5H1
IPO Date
May 30, 1985
Business
TC Energy Corporation is a leading North American energy infrastructure company operating in natural gas, oil, and power industries. It primarily engages in the development, ownership, and operation of energy transmission and power generation assets. The company’s core products and services include natural gas transmission and storage; crude oil pipelines and liquids transportation; and power generation through nuclear, natural gas, and renewable sources. Its key infrastructure includes an extensive network of pipelines across Canada, the United States, and Mexico, complemented by power generation facilities including nuclear plants like Bruce Power in Ontario. TC Energy markets its services mainly to utilities, power generators, and industrial customers across North America. Founded in 1951 and headquartered in Calgary, Alberta, TC Energy focuses on large-scale, long-life energy infrastructure assets designed for sustainable returns. Recent major developments at TC Energy include announcing four new growth projects with a combined investment of approximately $1.5 billion, targeting the increasing demand for natural gas and nuclear power generation. These projects include mainline extensions Pulaski and Maysville, each with $400 million capital allocations to support coal-to-gas conversion at existing power plants and incremental gas-fired generation capacity, and a $300 million Southeastern Virginia energy storage initiative. The company also recently secured approval for major component replacements at its Bruce Power nuclear units, bolstering its long-term power generation capacity. Additionally, TC Energy completed the sale of its Portland Natural Gas Transmission System in 2024 for approximately $750 million, as part of a broader $3 billion asset divestiture plan aimed at strengthening its balance sheet. The company anticipates strong financial growth supported by highly contracted, rate-regulated, and long-term contracted cash flows, projecting comparable EBITDA growth into 2027 and beyond. Strategic focus remains on expanding natural gas and nuclear power infrastructure in North America amid shifting energy consumption patterns and sustainability goals. TC Energy's operations span Canada, the United States, and Mexico, with significant involvement in cross-border projects. It targets institutional and utility customers seeking reliable energy transmission and power generation solutions. Its subsidiaries include ANR Pipeline Company and interests in Bruce Power. The company maintains a disciplined capital allocation approach, emphasizing safety, reliability, and long-term contracted revenue streams. TC Energy’s strategic portfolio management, including recent divestitures and new growth projects, positions it to meet evolving North American energy demands through 2035 and beyond. This description reflects TC Energy’s comprehensive product offerings, recent strategic developments including growth investments and asset sales, and geographic footprint, grounded in its foundational history and current market focus.

Company News

  • TC Energy Finalizes Indigenous Investment Plan for Coastal GasLink

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  • TC Energy Advances Coastal GasLink Phase 2 Expansion Plans

  • Shell Greenlights LNG Canada Phase 2, Doubling Export Capacity

  • TC Energy advances Coastal GasLink after LNG Canada decision

  • Coastal GasLink Phase 2 to proceed following LNG Canada Final Investment Decision

  • TC Energy: AI Data Center Growth Catalyst, 4.3% Yield

  • TC Energy Co. (TSE:TRP) Receives Consensus Rating of “Moderate Buy” from Analysts

  • NTHM's Index Rebalance Puts Thematic Rotation to Work

  • TC Energy to Divest Guadalajara-Manzanillo Pipeline for $400M

  • TC Energy announces sale of Guadalajara-Manzanillo Pipeline

  • Buy The Dip: 2 High-Yield Infrastructure Income Machines Getting Way Too Cheap

  • Bank of America Corp DE Takes Position in TC Energy Corporation $TRP

  • TC Energy Corporation $TRP Shares Sold by Hsbc Holdings PLC

  • Allianz Asset Management GmbH Raises Stake in TC Energy Corporation $TRP

  • TC Energy: Powering AI With Natural Gas And Power