TC Energy revenue and financials

TRP · NYSE · USD

Secondary listing. The primary listing is TC Energy · TSX (CAD)

$59.48+0.69%+$0.41

Close · October 5, 2026

In the fiscal year ended December 2025, TC Energy reported revenue of $15.24B (+10.66% year over year). Net income was $3.52B, a net margin of 23.1%.

Annual revenue · 2025: $15.24B

Fiscal year ending in December. Sources and method on the page Methodology and sources.

At a glance

Amounts in millions of CAD; per-share values in CAD; shares in millions.

Income statement · Annual
Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Total revenue	15,239	13,771	13,267	12,309	13,387	12,999	13,255	13,679	13,449	12,547
Cost of revenue	208	217	80.0	22.0	87.0	0.0	365	1,486	2,382	2,172
Gross profit	10,519	9,252	9,114	8,059	9,283	—	—	—	—	—
Selling, general and administrative	107	111	—	—	—	—	—	—	—	—
Operating income	8,036	7,964	5,097	2,450	4,059	6,773	6,585	5,764	4,684	2,313
EBIT	6,762	5,786	5,887	5,070	6,680	—	—	—	—	—
EBITDA	9,531	8,321	8,333	7,654	9,202	—	—	—	—	—
Interest expense	3,407	3,019	3,263	2,588	2,360	2,228	2,333	2,265	2,069	1,998
Pre-tax income	5,444	5,906	3,298	474	2,166	—	—	—	—	—
Income tax	1,138	922	842	322	120	194	754	432	-89.0	352
Net income	3,519	4,698	2,922	748	1,955	4,616	4,140	3,702	3,157	233
Net income to common shareholders	3,400	4,594	2,829	641	1,815	—	—	—	—	—
Basic EPS	3.27	4.43	2.75	0.64	1.87	4.74	4.28	3.92	3.44	0.16
Diluted EPS	3.27	4.43	2.75	0.64	1.86	4.74	4.27	3.92	3.43	0.16
Average shares (basic)	1,040	1,038	1,030	995	973	—	—	—	—	—
Average shares (diluted)	1,040	1,038	1,030	996	974	940	931	903	874	760
Dividend per share	3.40	3.70	3.72	3.60	3.48	—	—	—	—	—