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 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 |