TC Energy
$84.31Change from previous close: +1.08%Absolute change: +$0.90
At a glance
- Revenue growth
- +10.66%
- 2025 vs 2024
- Net income growth
- −25.10%
- 2025 vs 2024
- Net margin
- 23.1%
- 2024: 34.1%
Financial data
Amounts in millions of CAD; per-share values in CAD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 15,239 | 13,771 | 13,267 | 12,309 | 13,387 | 12,999 | 13,255 | 13,679 | 13,449 | 12,547 |
| Cost of revenue | 4,720 | 4,519 | 4,153 | 4,250 | 4,104 | 3,878 | 4,172 | 4,995 | 6,195 | 5,997 |
| Gross profit | 10,519 | 9,252 | 9,114 | 8,059 | 9,283 | 9,121 | 9,083 | 8,684 | 7,254 | 6,550 |
| Selling, general and administrative | 107 | 111 | — | — | — | — | 106 | 84.0 | 93.0 | — |
| Operating income | 6,762 | 5,786 | 5,887 | 5,070 | 6,680 | 5,804 | 5,786 | 5,681 | 4,537 | 4,056 |
| EBIT | 6,762 | 5,786 | 5,887 | 5,070 | 6,680 | 5,804 | 5,786 | 5,681 | 4,537 | 4,056 |
| EBITDA | 9,531 | 8,321 | 8,333 | 7,654 | 9,202 | 8,394 | 8,250 | 8,031 | 6,592 | 5,995 |
| Interest expense | 3,407 | 3,019 | 2,966 | 2,300 | 2,360 | 2,228 | 2,333 | 2,265 | 2,069 | 1,998 |
| Pre-tax income | 5,444 | 5,906 | 3,298 | 474 | 2,166 | 5,107 | 5,187 | 3,949 | 3,306 | 837 |
| Income tax | 1,138 | 922 | 842 | 322 | 120 | 194 | 754 | 432 | -89.0 | 352 |
| Net income | 3,519 | 4,698 | 2,922 | 748 | 1,955 | 4,616 | 4,140 | 3,702 | 3,157 | 233 |
| Net income to common shareholders | 3,612 | 4,199 | 2,217 | 8.0 | 1,815 | 4,457 | 3,976 | 3,539 | 2,997 | 124 |
| Basic EPS | 3.47 | 4.05 | 2.15 | 0.01 | 1.87 | 4.74 | 4.28 | 3.92 | 3.44 | 0.16 |
| Diluted EPS | 3.47 | 4.05 | 2.15 | 0.01 | 1.86 | 4.74 | 4.27 | 3.92 | 3.43 | 0.16 |
| Average shares (basic) | 1,040 | 1,038 | 1,030 | 995 | 973 | 940 | 929 | 902 | 872 | 759 |
| Average shares (diluted) | 1,040 | 1,038 | 1,030 | 996 | 974 | 940 | 931 | 903 | 874 | 760 |
| Dividend per share | 3.40 | 3.70 | 3.72 | 3.60 | 3.48 | 3.24 | 3.00 | 2.76 | 2.50 | 2.26 |