TC Energy revenue and financials
Secondary listing. The primary listing is TC Energy · TSX (CAD)
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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%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
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 | 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 | 63,743 | 61,809 | 60,628 | 61,362 | 59,427 | — | — | — | — | — | — | — |
| 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 |