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.

Income statement · 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 revenue	3,957	3,861	4,168	3,704	3,744	3,623	3,577	3,358	3,327	3,509	—	3,940
Cost of revenue	1,242	1,110	1,331	1,205	1,231	1,060	1,187	1,151	1,121	1,070	—	1,427
Gross profit	2,715	2,751	2,837	2,499	2,513	2,563	2,390	2,207	2,206	2,439	—	2,513
Selling, general and administrative	—	—	—	—	—	—	111	—	—	—	—	—
Operating income	1,751	1,834	1,894	1,583	1,624	1,661	1,433	1,372	1,363	1,608	—	1,605
EBIT	1,751	1,834	1,894	1,583	1,624	1,661	1,433	1,372	1,363	1,608	—	1,605
EBITDA	2,488	2,557	2,613	2,284	2,295	2,339	2,072	2,000	1,996	2,327	—	2,295
Interest expense	859	838	873	847	847	840	679	777	783	780	—	865
Pre-tax income	1,453	1,405	1,424	1,213	1,339	1,468	1,503	1,839	1,138	1,426	—	-39.0
Income tax	307	254	263	245	337	293	223	307	148	244	—	134
Net income	1,016	927	1,015	637	861	1,006	999	1,483	990	1,226	—	-174
Net income to common shareholders	987	899	980	609	833	978	971	1,457	963	1,203	—	-197
Basic EPS	0.95	0.86	0.94	0.59	0.80	0.94	0.94	1.40	0.93	1.16	—	-0.19
Diluted EPS	0.95	0.86	0.94	0.58	0.80	0.94	0.94	1.40	0.93	1.16	—	-0.19
Average shares (basic)	1,042	1,041	1,041	1,040	1,040	1,039	1,038	1,038	1,037	1,037	—	1,035
Average shares (diluted)	1,042	1,042	1,041	1,040	1,040	1,040	1,038	1,038	1,037	1,037	—	1,035
Dividend per share	0.88	0.88	0.85	0.85	0.85	0.85	0.82	0.96	0.96	0.96	—	0.93