TC Energy revenue and financials

TRP · NYSE · USD

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

$60.23+1.26%+$0.75

Close · October 6, 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.

Balance sheet · Annual
Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Total assets	118,751	118,243	125,034	114,348	104,218	100,300	99,279	98,920	86,101	88,051
Current assets	6,316	5,733	11,372	7,332	7,423	5,201	7,651	5,135	4,680	8,084
Cash and equivalents	168	801	3,678	620	673	1,530	1,343	446	1,089	1,016
Receivables	4,266	3,109	2,884	4,566	5,151	—	—	—	—	—
Inventory	782	747	771	936	724	—	—	—	—	—
Net property, plant and equipment	71,054	77,501	69,451	75,940	70,182	—	—	—	—	—
Goodwill	13,016	9,490	9,490	9,490	9,941	12,679	12,887	14,178	13,084	13,958
Long-term investments	11,495	10,749	9,356	9,612	8,457	—	—	—	—	—
Current liabilities	9,959	10,511	11,817	16,907	13,041	11,987	12,899	12,946	9,877	7,680
Accounts payable	3,263	3,699	3,092	4,665	4,464	—	—	—	—	—
Long-term debt	57,486	2,800	2,000	1,600	0.0	—	200	750	1,100	850
Total debt	60,628	59,877	63,658	58,679	—	—	—	—	—	—
Total liabilities	81,852	79,883	86,026	80,232	70,822	66,827	66,882	67,927	59,210	60,889
Total equity (incl. minority)	36,899	38,360	39,008	34,116	33,396	—	—	—	—	—
Retained earnings	-5,925	-5,241	-2,997	819	3,773	—	—	—	—	—
Minority interest	9,604	10,768	9,455	126	125	—	—	—	—	—