TC Energy

TRP · TSX · CAD

$84.31+1.08%+$0.90

Close · October 2, 2026

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.

Balance sheet · Annual
Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Total assets	118,751	118,243	125,034	114,348	104,218	100,300	99,279	98,920	86,101	88,051
Current assets	6,316	5,733	11,372	7,332	7,423	5,201	7,651	5,135	4,680	8,084
Cash and equivalents	168	801	3,678	620	673	1,530	1,343	446	1,089	1,016
Receivables	4,266	3,109	2,884	4,566	5,151	2,294	2,575	2,694	2,522	2,075
Inventory	782	747	771	936	724	629	452	431	378	368
Net property, plant and equipment	71,054	77,501	69,451	75,940	70,182	69,775	65,489	66,503	57,277	54,475
Goodwill	13,016	13,670	12,532	12,843	12,582	12,679	12,887	14,178	13,084	13,958
Long-term investments	11,495	10,749	9,356	9,612	8,457	6,696	6,508	7,172	6,439	6,663
Current liabilities	9,959	10,511	11,817	16,907	13,041	11,987	12,899	12,946	9,877	7,680
Accounts payable	3,263	3,699	3,092	4,665	4,464	3,406	3,314	3,224	2,847	2,443
Long-term debt	57,486	56,142	60,292	50,190	46,288	43,460	42,957	44,029	38,883	42,244
Total debt	59,470	59,629	63,705	52,547	48,047	45,936	46,197	47,494	41,753	44,084
Total liabilities	81,852	79,883	86,026	80,232	70,822	66,827	66,882	67,927	59,210	62,068
Total equity (incl. minority)	36,899	38,360	39,008	34,116	33,396	33,473	32,397	30,993	26,891	25,983
Retained earnings	-5,925	-5,241	-2,997	819	3,773	5,367	3,955	2,773	1,623	1,138
Minority interest	9,604	10,768	9,455	126	125	2,075	1,634	1,655	1,852	1,726