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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 7,346 | 7,696 | 7,268 | 6,375 | 6,890 | 7,058 | 7,082 | 6,555 | 5,230 | 5,069 |
| Depreciation and amortization | 2,769 | 2,535 | 2,446 | 2,584 | 2,522 | 2,590 | 2,464 | 2,350 | 2,055 | 1,939 |
| Capital expenditure | -5,286 | -6,358 | -8,149 | -6,727 | -5,924 | -8,135 | -8,182 | -9,914 | -7,529 | -5,302 |
| Investing cash flow | -6,458 | -6,909 | -12,287 | -7,009 | -7,712 | -6,052 | -6,872 | -10,019 | -3,699 | -18,783 |
| Financing cash flow | -1,516 | -3,874 | 8,093 | 487 | -88.0 | -800 | 693 | 2,748 | -1,419 | 14,007 |
| Dividends paid | -3,621 | -4,052 | -2,879 | -3,298 | -3,458 | -3,146 | -1,958 | -1,729 | -1,494 | -1,536 |
| Share repurchases | -250 | 0.0 | 0.0 | -1,000 | — | — | — | — | — | -14.0 |
| Debt issued | 9,296 | 9,895 | 15,884 | 4,282 | 12,228 | 5,770 | 6,116 | 7,055 | 8,149 | 13,882 |
| Debt repaid | -6,116 | -9,517 | -10,071 | -1,338 | -7,758 | -4,197 | -3,502 | -3,550 | -7,085 | -7,482 |
| Effect of exchange rates | -5.0 | 210 | -16.0 | 94.0 | 53.0 | -19.0 | -6.0 | 73.0 | -39.0 | -127 |
| Net change in cash | -633 | -2,877 | 3,058 | -53.0 | -857 | 187 | 897 | -643 | 73.0 | 166 |
| Free cash flow | 2,060 | 1,338 | -881 | -352 | 966 | — | — | — | — | — |
| Levered free cash flow | -1,839 | -1,283 | -4,751 | 256 | -3,064 | -726 | -6,590 | -4,642 | -306 | -4,556 |