TRP

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TC Energy Corp.

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Key Metrics

Previous Close: $62.37
52-Week Range: $49.27 – $71.47
Market Cap: —
P/E (TTM): 24.91
EPS (TTM): 2.53
Dividend Yield: 4.01%

Advanced Metrics

Price/Book: —
PEG Ratio: 3.32
Return on Equity: 11.83%
Return on Assets: 3.67%
Gross Margin: 69.53%
Operating Margin: 44.25%
Profit Margin: 22.91%
Current Ratio: 0.61
Debt/Equity: 1.70
Total Debt: $63.85B
Free Cash Flow: $1.25B
Revenue Growth: 5.70%
Earnings Growth: 18.30%
Enterprise Value: $135.71B

TRP Income statement, annual periods, in CAD
CAD	FY2022	FY2023	FY2024	FY2025
Revenue	$12.31B	$13.27B	$13.77B	$15.24B
Cost of Revenue	$6.51B	$6.60B	$7.17B	$7.60B
Gross Profit	$5.80B	$6.67B	$6.61B	$7.64B
Operating Expenses	$727.00M	$781.00M	$820.00M	$881.00M
Operating Income	$5.07B	$5.89B	$5.79B	$6.76B
EBITDA	$5.24B	$8.66B	$11.22B	$11.06B
Pretax Income	$474.00M	$3.30B	$5.91B	$5.44B
Income Tax	$322.00M	$842.00M	$922.00M	$1.14B
Net Income	$748.00M	$2.92B	$4.70B	$3.52B
Diluted EPS	0.64	2.75	4.43	3.27
Diluted Shares	996.00M	1.03B	1.04B	1.04B

TRP Balance Sheet statement, annual periods, in CAD
CAD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$620.00M	$3.68B	$801.00M	$168.00M
Receivables	$4.07B	$2.88B	$3.11B	$4.27B
Inventory	$936.00M	$771.00M	$747.00M	$782.00M
Current Assets	$7.33B	$11.37B	$5.73B	$6.32B
Total Assets	$114.35B	$125.03B	$118.24B	$118.75B
Current Liabilities	$16.91B	$11.82B	$10.51B	$9.96B
Long-Term Debt	$50.14B	$60.26B	$56.02B	$57.45B
Total Debt	$58.68B	$63.66B	$59.88B	$60.63B
Total Liabilities	$80.23B	$86.03B	$79.88B	$81.85B
Retained Earnings	$819.00M	-$3.00B	-$5.24B	-$5.92B
Shareholders' Equity	$33.99B	$29.55B	$27.59B	$27.30B
Working Capital	-$9.57B	-$445.00M	-$4.78B	-$3.64B
Net Debt	$57.68B	$59.52B	$58.56B	$60.03B

TRP Cash Flow statement, annual periods, in CAD
CAD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$6.38B	$7.27B	$7.70B	$7.35B
Capital Expenditure	-$6.73B	-$8.15B	-$6.36B	-$5.29B
Free Cash Flow	-$352.00M	-$881.00M	$1.34B	$2.06B
Depreciation & Amortisation	$2.58B	$2.78B	$2.79B	$2.77B
Investing Cash Flow	-$7.01B	-$12.29B	-$6.91B	-$6.46B
Financing Cash Flow	$487.00M	$8.09B	-$3.87B	-$1.52B
Dividends Paid	-$3.30B	-$2.88B	-$4.05B	-$3.62B
Share Repurchases	-$1.00B	$0.00	$0.00	-$250.00M
Net Change in Cash	-$147.00M	$3.07B	-$3.09B	-$628.00M

TRP Income statement, quarterly periods, in CAD
CAD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$3.74B	$3.70B	$4.17B	$3.86B	$3.96B
Cost of Revenue	$1.90B	$1.91B	$2.05B	$1.83B	$1.98B
Gross Profit	$1.84B	$1.80B	$2.12B	$2.03B	$1.98B
Operating Expenses	$218.00M	$215.00M	$224.00M	$194.00M	$227.00M
Operating Income	$1.62B	$1.58B	$1.89B	$1.83B	$1.75B
EBITDA	$2.74B	$2.71B	$2.87B	$2.93B	$2.99B
Pretax Income	$1.34B	$1.21B	$1.42B	$1.41B	$1.45B
Income Tax	$337.00M	$245.00M	$263.00M	$254.00M	$307.00M
Net Income	$861.00M	$637.00M	$1.01B	$927.00M	$1.02B
Diluted EPS	0.80	0.58	0.94	0.86	0.95
Diluted Shares	1.04B	1.04B	1.04B	1.04B	1.04B

TRP Balance Sheet statement, quarterly periods, in CAD
CAD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$1.42B	$1.80B	$168.00M	$1.08B	$2.07B
Receivables	$2.56B	$2.47B	$4.27B	$2.38B	$2.49B
Inventory	$822.00M	$837.00M	$782.00M	$857.00M	$936.00M
Current Assets	$7.14B	$7.78B	$6.32B	$6.83B	$7.89B
Total Assets	$116.84B	$120.23B	$118.75B	$120.83B	$123.93B
Current Liabilities	$11.74B	$12.30B	$9.96B	$10.50B	$12.94B
Long-Term Debt	$53.89B	$56.10B	$57.45B	$58.16B	$57.73B
Total Debt	$59.43B	$61.36B	$60.63B	$61.81B	$63.74B
Total Liabilities	$79.46B	$82.66B	$81.85B	$83.67B	$86.45B
Retained Earnings	-$5.74B	-$6.03B	-$5.92B	-$5.95B	-$5.88B
Shareholders' Equity	$27.52B	$27.46B	$27.30B	$27.53B	$27.76B
Working Capital	-$4.61B	-$4.52B	-$3.64B	-$3.67B	-$5.04B
Net Debt	$58.01B	$59.56B	$60.03B	$60.73B	$61.67B

TRP Cash Flow statement, quarterly periods, in CAD
CAD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$2.17B	$1.92B	$1.89B	$2.60B	$2.22B
Capital Expenditure	-$1.11B	-$1.26B	-$1.35B	-$1.07B	-$894.00M
Free Cash Flow	$1.06B	$663.00M	$544.00M	$1.53B	$1.32B
Depreciation & Amortisation	$671.00M	$701.00M	$719.00M	$723.00M	$737.00M
Investing Cash Flow	-$1.49B	-$1.59B	-$1.64B	-$1.26B	-$1.17B
Financing Cash Flow	-$1.25B	$69.00M	-$1.89B	-$443.00M	-$73.00M
Dividends Paid	-$911.00M	-$914.00M	-$913.00M	-$911.00M	-$942.00M
Share Repurchases	—	$0.00	-$250.00M	—	—
Net Change in Cash	-$559.00M	$396.00M	-$1.63B	$896.00M	$979.00M

Market Snapshot

About

TC Energy is a major North American energy infrastructure company operating natural gas pipelines, liquid pipelines, and power generation facilities. The company transports a significant portion of the natural gas consumed in North America through its extensive pipeline network. TC Energy is headquartered in Calgary, Alberta, and operates critical energy infrastructure across Canada, the United States, and Mexico.