TC Energy Corporation (TRP) Financial Statements

TC Energy Corporation

TRP · NYSE

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Total Revenue	$15.24B	$13.06B	$12.51B	$12.13B	$12.95B	$12.65B	$12.67B	$12.79B
Cost of Revenue	$208.00M	$217.00M	$80.00M	$22.00M	$87.00M	$0.00	$365.00M	$1.49B
Operating Expenses	$8.48B	$7.99B	$7.38B	$7.81B	$10.26B	$7.20B	$7.47B	$8.80B
Operating Income	$8.04B	$7.96B	$5.10B	$2.45B	$4.06B	$6.77B	$6.58B	$5.76B
Interest Expense	—	—	$3.26B	$2.59B	$2.36B	$2.23B	$2.33B	$2.27B
Other Income / (Expense)	$205.00M	$324.00M	$272.00M	$140.00M	$190.00M	$185.00M	$460.00M	-$76.00M
Income Before Taxes	$5.44B	$5.91B	$3.30B	$474.00M	$2.17B	$5.11B	$5.19B	$3.95B
Provision for Income Taxes	$1.14B	$922.00M	$842.00M	$322.00M	$120.00M	$194.00M	$754.00M	$432.00M
Net Income	$3.52B	$4.70B	$2.92B	$748.00M	$1.96B	$4.62B	$4.14B	$3.70B
Basic EPS	$3.27	$4.43	$2.75	$0.64	$1.87	$4.74	$4.28	$3.92
Diluted EPS	$3.27	$4.43	$2.75	$0.64	$1.86	$4.74	$4.27	$3.92
Basic Shares Outstanding	1.04B	1.04B	1.03B	995.00M	973.00M	940.00M	929.00M	902.00M
Diluted Shares Outstanding	1.04B	1.04B	1.03B	996.00M	974.00M	940.00M	931.00M	903.00M

Analyst Estimates

Period	Consensus EPS	Low	High	Estimates	Revisions
Dec 2026	$2.73	$2.58	$3.28	7	↑1 ↓5
Dec 2027	$2.91	$2.76	$3.57	7	↑3 ↓3
Dec 2028	$3.10	$2.67	$3.73	6	↑3 ↓2
Dec 2029	$3.63	$3.24	$4.02	2	↑0 ↓0

Forward estimates are the sell-side consensus reported by Nasdaq, not a metir forecast.

Symbol: TRP
Type: Stock
Sector: Utilities
Industry: Natural Gas Distribution
Country: North America
Exchange: NYSE

We are a leader in North American energy infrastructure, spanning Canada, the U.S. and Mexico. For over 75 years, we have proudly connected the world to the energy it needs. Every day, we move more than 30 per cent of the natural gas used across the continent and connect LNG exports to global markets-powering communities and industries. Complemented by strategic ownership and low-risk investments in power generation, our infrastructure delivers affordable, reliable and sustainable energy across North America. We carry forward a legacy of nation-building energy infrastructure and strong partnerships. By working with communities, businesses and leaders across our extensive energy network, we create opportunities today and for generations to come.

Key Issues

Bullish view

Management expects TC Energy to reach the upper end of its 2026 comparable EBITDA guidance range, supported by 12% year-over-year second-quarter comparable EBITDA growth and stronger pipeline utilization.

Bearish view

The guidance confidence has not translated into sustained share-price strength: the stock rose with the earnings update but then declined for three consecutive sessions, suggesting investors may need more evidence that the improvement is durable.

Analyst Consensus

See all

Hold

19 analysts

$64

Current

—

Low

$73

Average

—

High

Average target implies +13.58% versus the current price.

Earnings History

BeatMissNo estimate

Peers

Kinder Morgan, Inc.KMI · NYSE$31.15