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TC Energy Corp

TCENF
Exchange
OTC
Industry
Natural Gas Transmission
SEC CIK
0001232384

No open-market purchases or sales by TC Energy Corp insiders were filed in the last 90 days; no institution reported holding it in 13F filings for Q2 2026; no superinvestor holds it.

Other share classesTRPTCANFTCEYFTNCAFTRPEFTRPPFTRPRF

Currency
CAD
Source
SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
Updated
Oct 8, 2026, 12:39 PM ET

Amounts are in CAD, the currency TC Energy Corp reports in. Lines marked ≈ US$ convert key figures to US dollars.

Revenue flow, FY2025

Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.

Income statement

Each column is one fiscal year, newest first.

Income statement of TC Energy Corp, annual
Line itemFY2025FY2024FY2023FY2022FY2021
Period endDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021
Filing40-F40-F40-F40-F40-F
Reported–––––
RevenueCAD 15.2B≈ US$10.9BCAD 13.8B≈ US$10.1BCAD 15.9B≈ US$11.8BCAD 15.0B≈ US$11.5BCAD 13.4B≈ US$10.7B
Cost of revenueCAD 208.0MCAD 217.0MCAD 517.0MCAD 534.0MCAD 87.0M
Operating incomeCAD 8.04BCAD 7.96BCAD 6.14BCAD 3.63BCAD 4.06B
Interest expense––CAD 3.26BCAD 2.59BCAD 2.36B
Income taxCAD 1.14BCAD 922.0MCAD 942.0MCAD 589.0MCAD 120.0M
Net incomeCAD 3.52B≈ US$2.52BCAD 4.70B≈ US$3.43BCAD 2.92B≈ US$2.17BCAD 748.0M≈ US$575.3MCAD 1.96B≈ US$1.56B
EPS, basicCAD 3.27CAD 4.43CAD 2.75CAD 0.64CAD 1.87
EPS, dilutedCAD 3.27CAD 4.43CAD 2.75CAD 0.64CAD 1.86
Weighted shares, basic1.04B1.04B1.03B995.0M973.0M
Weighted shares, diluted1.04B1.04B1.03B996.0M974.0M
Margins and growth
Operating margin52.7%57.8%38.5%24.3%30.3%
Net margin23.1%34.1%18.3%5.0%14.6%
Revenue growth, year over year+10.7%−13.6%+6.4%+11.9%+3.0%
Net income growth, year over year−25.1%+60.8%+290.6%−61.7%−57.6%

Balance sheet

Each column is one fiscal year, newest first.

Balance sheet of TC Energy Corp, annual
Line itemFY2025FY2024FY2023FY2022FY2021
Period endDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021
Filing40-F40-F40-F40-F40-F
Reported–––––
Cash and equivalentsCAD 168.0MCAD 801.0MCAD 3.68BCAD 620.0MCAD 673.0M
Accounts receivableCAD 2.79BCAD 2.61BCAD 4.21BCAD 3.62BCAD 3.09B
InventoryCAD 782.0MCAD 747.0MCAD 982.0MCAD 936.0MCAD 724.0M
Total current assetsCAD 6.32BCAD 5.73BCAD 11.4BCAD 7.33BCAD 7.42B
Property, plant and equipmentCAD 71.1BCAD 77.5BCAD 80.6BCAD 75.9BCAD 70.2B
GoodwillCAD 13.0BCAD 13.7BCAD 12.5BCAD 12.8BCAD 12.6B
Total assetsCAD 118.8B≈ US$86.6BCAD 118.2B≈ US$82.1BCAD 125.0B≈ US$94.7BCAD 114.3B≈ US$84.5BCAD 104.2B≈ US$81.6B
Short-term debtCAD 1.54BCAD 2.96BCAD 2.94BCAD 1.90BCAD 1.32B
Total current liabilitiesCAD 9.96BCAD 10.5BCAD 11.8BCAD 16.9BCAD 13.0B
Long-term debt–––CAD 1.60B–
Total liabilitiesCAD 81.9BCAD 79.9BCAD 86.0BCAD 80.2BCAD 70.8B
Shareholders' equityCAD 36.9BCAD 38.4BCAD 39.0BCAD 34.1BCAD 33.4B

Cash flow statement

Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.

Cash flow statement of TC Energy Corp, annual
Line itemFY2025FY2024FY2023FY2022FY2021
Period endDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021
Filing40-F40-F40-F40-F40-F
Reported–––––
Operating cash flowCAD 7.35B≈ US$5.26BCAD 7.70B≈ US$5.62BCAD 7.27B≈ US$5.39BCAD 6.38B≈ US$4.90BCAD 6.89B≈ US$5.50B
Capital expenditures–CAD 7.90BCAD 12.3BCAD 8.96BCAD 7.13B
Free cash flow–CAD -208.0M≈ US-$151.9MCAD -5.03B≈ US-$3.73BCAD -2.59B≈ US-$1.99BCAD -244.0M≈ US-$194.7M
Depreciation and amortizationCAD 2.77BCAD 2.79BCAD 2.78BCAD 2.58BCAD 2.52B
Stock-based compensationCAD 7.00MCAD 6.00MCAD 9.00MCAD 10.0MCAD 12.0M
Dividends paidCAD 3.51BCAD 3.95BCAD 2.79BCAD 3.19BCAD 3.32B
Investing cash flowCAD -6.46BCAD -6.91BCAD -12.3BCAD -7.01BCAD -7.71B
Financing cash flowCAD -1.52BCAD -3.87BCAD 8.09BCAD 487.0MCAD -88.0M
Net change in cashCAD -633.0MCAD -2.88BCAD 3.06BCAD -53.0MCAD -857.0M
Ratio
Stock-based compensation, % of revenue0.0%0.0%0.1%0.1%0.1%

Shares outstanding

Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.

Shares outstanding for TC Energy Corp by cover date
Cover dateShares outstandingChange in a yearFiling
Dec 31, 20251.04B+0.2%SEC
Dec 31, 20241.04B+0.2%SEC
Dec 31, 20231.04B+1.9%SEC
Dec 31, 20221.02B+3.8%SEC
Dec 31, 2021980.8M+4.3%SEC
Dec 31, 2020940.1M+0.2%SEC
Dec 31, 2019938.4M+2.2%SEC
Dec 31, 2018918.1M+4.2%SEC

Notes and known gaps

How these numbers are put together, and what they can't tell you.

  • Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
  • Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
  • ≈ US$ figures convert CAD at FRED H.10 exchange rates (Federal Reserve): the average rate over the period for income and cash flow, and the rate on the period-end date, or the last business day before it, for the balance sheet.

Known gaps

  • Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
  • EPS and share counts are as reported at the time, not adjusted for later stock splits.
  • For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
  • For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
  • Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
  • Depreciation and amortization is missing for some companies that report it under their own XBRL tags.