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 · Quarterly
Item	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023
Total assets	123,926	120,828	118,751	120,234	116,837	120,545	118,243	135,292	127,966	128,026	125,034	122,649
Current assets	7,894	6,828	6,316	7,778	7,137	7,272	5,733	17,093	10,460	11,885	11,372	9,620
Cash and equivalents	2,074	1,083	168	1,802	1,422	1,962	801	3,797	2,474	3,193	3,678	1,970
Receivables	2,808	2,675	4,266	2,730	2,791	2,820	3,109	3,803	4,364	4,554	2,884	3,775
Inventory	936	857	782	837	822	777	747	1,053	1,015	1,100	771	1,229
Net property, plant and equipment	73,301	72,021	71,054	71,233	69,450	77,996	77,501	84,180	83,649	81,966	69,451	80,410
Goodwill	13,481	13,244	13,016	13,222	12,927	13,645	13,670	12,828	12,991	12,844	12,532	12,846
Long-term investments	11,561	11,569	11,495	11,272	10,966	10,781	10,749	11,187	11,067	10,891	9,356	10,148
Current liabilities	12,936	10,502	9,959	12,299	11,742	10,324	10,511	13,083	13,800	12,708	11,817	11,134
Accounts payable	4,388	4,266	3,263	4,466	4,034	3,780	3,699	5,137	5,351	5,470	3,092	5,366
Long-term debt	57,813	58,214	57,486	56,130	53,918	58,045	56,142	67,575	59,834	61,174	60,292	63,357
Total debt	63,026	59,647	59,470	59,010	57,054	60,533	59,629	71,983	63,566	64,292	—	—
Total liabilities	86,451	83,670	81,852	82,658	79,457	82,106	79,883	94,815	87,472	88,352	86,026	88,686
Total equity (incl. minority)	37,475	37,158	36,899	37,576	37,380	38,439	38,360	40,477	40,494	39,674	39,008	33,963
Retained earnings	-5,876	-5,947	-5,925	-6,026	-5,741	-5,147	-5,241	-2,378	-2,839	-2,777	-2,997	-687
Minority interest	9,716	9,628	9,604	10,111	9,860	10,746	10,768	10,021	10,374	9,573	9,455	321