InsiderClue
Stocks · Energy · Natural Gas Transmission

TC ENERGY CORP

TRP Clue Score61
Alberta, Canada Fiscal year ends December CIK 0001232384
$60.05 +0.12% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $60.05 +20.34% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue12.55Operating income2.31Net income0.23EPS, diluted0.16Fiscal year 2017Revenue13.45 +7.2%Operating income4.68Net income3.16 +1,254.9%EPS, diluted3.43 +2,043.8%Fiscal year 2018Revenue12.79 −4.9%Operating income5.76Net income3.70 +17.3%EPS, diluted3.92 +14.3%Fiscal year 2019Revenue12.67 −1.0%Operating income6.59Net income4.14 +11.8%EPS, diluted4.27 +8.9%Fiscal year 2020Revenue12.65 −0.2%Operating income6.77Net income4.62 +11.5%EPS, diluted4.74 +11.0%Fiscal year 2021Revenue12.95 +2.4%Operating income4.06Net income1.96 −57.6%EPS, diluted1.86 −60.8%Fiscal year 2022Revenue12.13 −6.4%Operating income2.45Net income0.75 −61.7%EPS, diluted0.64 −65.6%Fiscal year 2023Revenue12.51 +3.2%Operating income5.10Net income2.92 +290.6%EPS, diluted2.75 +329.7%Fiscal year 2024Revenue13.06 +4.4%Operating income7.96Net income4.70 +60.8%EPS, diluted4.43 +61.1%Fiscal year 2025Revenue15.24 +16.7%Operating income8.04Net income3.52 −25.1%EPS, diluted3.27 −26.2%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 12.55 13.45 12.79 12.67 12.65 12.95 12.13 12.51 13.06 15.24
Growth +7.2% −4.9% −1.0% −0.2% +2.4% −6.4% +3.2% +4.4% +16.7%
Operating income 2.31 4.68 5.76 6.59 6.77 4.06 2.45 5.10 7.96 8.04
Net income 0.23 3.16 3.70 4.14 4.62 1.96 0.75 2.92 4.70 3.52
Growth +1,254.9% +17.3% +11.8% +11.5% −57.6% −61.7% +290.6% +60.8% −25.1%
EPS, diluted 0.16 3.43 3.92 4.27 4.74 1.86 0.64 2.75 4.43 3.27
Growth +2,043.8% +14.3% +8.9% +11.0% −60.8% −65.6% +329.7% +61.1% −26.2%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin18.4%Net margin1.9%Free cash flow margin0.5%Fiscal year 2017Operating margin34.8%Net margin23.5%Free cash flow margin−16.0%Fiscal year 2018Operating margin45.1%Net margin28.9%Free cash flow margin−22.4%Fiscal year 2019Operating margin52.0%Net margin32.7%Free cash flow margin−3.1%Fiscal year 2020Operating margin53.6%Net margin36.5%Free cash flow margin−14.6%Fiscal year 2021Operating margin31.3%Net margin15.1%Free cash flow margin−1.9%Fiscal year 2022Operating margin20.2%Net margin6.2%Free cash flow margin−21.3%Fiscal year 2023Operating margin40.7%Net margin23.4%Free cash flow margin−40.2%Fiscal year 2024Operating margin61.0%Net margin36.0%Free cash flow margin−1.6%Fiscal year 2025Operating margin52.7%Net margin23.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 18.4% 34.8% 45.1% 52.0% 53.6% 31.3% 20.2% 40.7% 61.0% 52.7%
Net margin 1.9% 23.5% 28.9% 32.7% 36.5% 15.1% 6.2% 23.4% 36.0% 23.1%
Free cash flow margin 0.5% −16.0% −22.4% −3.1% −14.6% −1.9% −21.3% −40.2% −1.6% n/a

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow5.07Capital expenditure−5.01Free cash flow0.06Buybacks−0.01Dividends paid−1.44Fiscal year 2017Operating cash flow5.23Capital expenditure−7.38Free cash flow−2.15 −3,572.6%Buybacks0.00Dividends paid−1.34Fiscal year 2018Operating cash flow6.56Capital expenditure−9.42Free cash flow−2.86Buybacks0.00Dividends paid−1.57Fiscal year 2019Operating cash flow7.08Capital expenditure−7.48Free cash flow−0.39Dividends paid−1.80Fiscal year 2020Operating cash flow7.06Capital expenditure−8.90Free cash flow−1.84Dividends paid−2.99Fiscal year 2021Operating cash flow6.89Capital expenditure−7.13Free cash flow−0.24Dividends paid−3.32Fiscal year 2022Operating cash flow6.38Capital expenditure−8.96Free cash flow−2.59Dividends paid−3.19Fiscal year 2023Operating cash flow7.27Capital expenditure−12.30Free cash flow−5.03Dividends paid−2.79Fiscal year 2024Operating cash flow7.70Capital expenditure−7.90Free cash flow−0.21Dividends paid−3.95Fiscal year 2025Operating cash flow7.35Dividends paid−3.51
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 5.07 5.23 6.56 7.08 7.06 6.89 6.38 7.27 7.70 7.35
Capital expenditure −5.01 −7.38 −9.42 −7.48 −8.90 −7.13 −8.96 −12.30 −7.90 n/a
Free cash flow 0.06 −2.15 −2.86 −0.39 −1.84 −0.24 −2.59 −5.03 −0.21 n/a
Growth −3,572.6%
Buybacks −0.01 0.00 0.00 n/a n/a n/a n/a n/a n/a n/a
Dividends paid −1.44 −1.34 −1.57 −1.80 −2.99 −3.32 −3.19 −2.79 −3.95 −3.51

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash1.02Total debt40.15Net cash (debt)−39.13Shareholders’ equity24.26Debt to equity1.66Fiscal year 2017Cash1.09Total debt34.74Net cash (debt)−33.65Shareholders’ equity25.04Debt to equity1.39Fiscal year 2018Cash0.45Total debt39.97Net cash (debt)−39.53Shareholders’ equity29.34Debt to equity1.36Fiscal year 2019Cash1.34Total debt2.91Net cash (debt)−1.56Shareholders’ equity30.76Debt to equity0.09Fiscal year 2020Cash1.53Total debt1.97Net cash (debt)−0.44Shareholders’ equity31.40Debt to equity0.06Fiscal year 2021Cash0.67Total debt1.32Net cash (debt)−0.65Shareholders’ equity33.27Debt to equity0.04Fiscal year 2022Cash0.62Total debt3.50Net cash (debt)−2.88Shareholders’ equity33.99Debt to equity0.10Fiscal year 2023Cash3.68Total debt4.94Net cash (debt)−1.26Shareholders’ equity29.55Debt to equity0.17Fiscal year 2024Cash0.80Total debt5.76Net cash (debt)−4.95Shareholders’ equity27.59Debt to equity0.21Fiscal year 2025Cash0.17Total debt1.55Net cash (debt)−1.38Shareholders’ equity27.30Debt to equity0.06
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 1.02 1.09 0.45 1.34 1.53 0.67 0.62 3.68 0.80 0.17
Total debt 40.15 34.74 39.97 2.91 1.97 1.32 3.50 4.94 5.76 1.55
Net cash (debt) −39.13 −33.65 −39.53 −1.56 −0.44 −0.65 −2.88 −1.26 −4.95 −1.38
Shareholders’ equity 24.26 25.04 29.34 30.76 31.40 33.27 33.99 29.55 27.59 27.30
Debt to equity 1.66 1.39 1.36 0.09 0.06 0.04 0.10 0.17 0.21 0.06

In billions of CAD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
18.4% 34.8% 45.1% 52.0% 53.6% 31.3% 20.2% 40.7% 61.0% 52.7%
6.7% 24.6% 30.9% 40.9% 40.4% 16.7% 3.9% 26.4% 45.2% 35.7%
1.9% 23.5% 28.9% 32.7% 36.5% 15.1% 6.2% 23.4% 36.0% 23.1%
0.5% −16.0% −22.4% −3.1% −14.6% −1.9% −21.3% −40.2% −1.6% n/a
Spending
39.9% 54.9% 73.6% 59.0% 70.4% 55.1% 73.9% 98.3% 60.5% n/a
42.1% −2.7% 10.9% 14.5% 3.8% 5.5% 67.9% 25.5% 15.6% 20.9%
Returns
1.0% 12.6% 12.6% 13.5% 14.7% 5.9% 2.2% 9.9% 17.0% 12.9%
0.3% 3.7% 3.7% 4.2% 4.6% 1.9% 0.7% 2.3% 4.0% 3.0%
Balance and payout
1.66 1.39 1.36 0.09 0.06 0.04 0.10 0.17 0.21 0.06
69.2% 68.8% 68.7% 67.4% 66.6% 68.0% 70.2% 68.8% 67.6% 68.9%
616.3% 42.4% 42.4% 43.4% 64.7% 169.7% 426.7% 95.4% 84.1% 99.7%
2,338.7% n/a n/a n/a n/a n/a n/a n/a n/a n/a

Shown in CAD as filed; the screener converts to dollars.