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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 2,217 | 2,603 | 1,894 | 1,920 | 2,173 | 1,359 | 2,084 | 1,915 | 1,655 | 2,042 | 1,824 | 1,510 |
| Depreciation and amortization | 737 | 723 | 719 | 701 | 671 | 678 | 639 | 628 | 633 | 719 | 690 | 694 |
| Capital expenditure | -894 | -1,074 | -1,350 | -1,257 | -1,115 | -1,564 | -1,649 | -1,764 | -1,346 | -1,599 | -2,060 | -2,044 |
| Investing cash flow | -1,165 | -1,264 | -1,643 | -1,593 | -1,486 | -1,736 | -2,516 | -855 | -1,683 | -1,855 | -3,329 | -3,270 |
| Financing cash flow | -73.0 | -443 | -1,885 | 69.0 | -1,246 | 1,546 | -8,944 | 6,456 | -712 | -674 | 2,267 | -964 |
| Dividends paid | -942 | -911 | -913 | -914 | -911 | -883 | -1,022 | -1,022 | -1,020 | -988 | -605 | -612 |
| Share repurchases | — | — | -250 | 0.0 | — | 0.0 | — | — | — | — | — | — |
| Debt issued | 3,708 | 1,519 | 2,774 | 1,820 | 949 | 4,628 | -80.0 | 8,893 | 1,181 | 1,039 | 7,434 | 1,442 |
| Debt repaid | -2,626 | -736 | -3,248 | -864 | -1,221 | -2,009 | -7,855 | -1,137 | -1,259 | -404 | -4,551 | -1,779 |
| Effect of exchange rates | 12.0 | 19.0 | 0.0 | -16.0 | 19.0 | -8.0 | 189 | -36.0 | 8.0 | 49.0 | 117 | -36.0 |
| Net change in cash | 991 | 915 | -1,634 | 380 | -540 | 1,161 | -9,187 | 7,514 | -719 | -485 | 879 | -2,760 |
| Free cash flow | 1,323 | 1,529 | 544 | 663 | 1,058 | -205 | 435 | 151 | 309 | 443 | -236 | -534 |
| Levered free cash flow | 336 | 764 | -350 | 502 | -648 | -1,343 | 5,753 | -5,907 | -852 | -200 | 177 | -1,363 |