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TC Energy Corporation (TRP)
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TC Energy Corporation Income Statement 2025-2009 | TRP
Brief overview of profit and loss at TC Energy Corporation
The overview follows changes across a five-year period. TC Energy Corporation reported revenue of 13 billion Canadian dollars in 2020 and 15.2 billion Canadian dollars by 2025. Across the full period, sales moved by +17.2%; the average annual rate was 3.2%. Revenue was effectively stagnant over the period.
The five-year change in gross profit reached +44.4%: from 10.4 billion Canadian dollars to 15 billion Canadian dollars. Gross profit as a share of revenue changed from 80.1% to 98.6%. The business retained more gross profit from each unit of revenue.
The five-year EBITDA result moved by +15.4%: from 9.4 billion Canadian dollars to 10.8 billion Canadian dollars. Operating performance was consistent with the change in sales. Comparing the endpoints gives EBITDA margins of 72% and 70.9%. The EBITDA margin stayed near its previous level.
The net result moved from 4.6 billion Canadian dollars to 3.5 billion Canadian dollars, or −23.8%. The business generated less net income by the end of the period.
The market value of the business moved from 36.1 billion Canadian dollars to 65.8 billion Canadian dollars, or +82.3%. Capitalization rose despite deteriorating fundamentals.
Overall conclusion
Signs of deterioration dominate the five-year picture. Key strengths include improving gross profitability. The main areas of concern are a declining EBITDA margin, declining net profitability and a softer top-line trend. The next reporting periods will show whether revenue, margins, and final profitability can strengthen.
Annual Income Statement TC Energy Corporation
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
65.8 B | 46.5 B | 40.9 B | 35.5 B | 51.3 B | 36.1 B | 41.8 B | 33 B | 29 B | 35.7 B | 24.5 B | 31.6 B | 30.3 B | 34 B | 28.9 B | 22.9 B | - |
Shares |
1.04 B | 1.04 B | 1.03 B | 995 M | 973 M | 940 M | 929 M | 902 M | 872 M | 760 M | 709 M | 710 M | 708 M | 706 M | 703 M | 691 M | - |
Historical Prices |
63.3 | 44.8 | 39.7 | 35.7 | 52.7 | 38.4 | 45 | 36.6 | 33.2 | 33.6 | 25.4 | 28.7 | 27.8 | 28.2 | 25.6 | 33.1 | 30.1 |
Net Income |
3.52 B | 4.7 B | 2.92 B | 748 M | 1.96 B | 4.62 B | 4.14 B | 3.7 B | 3.16 B | 233 M | -1.15 B | 1.84 B | 1.79 B | 1.35 B | 1.58 B | 1.28 B | - |
Revenue |
15.2 B | 13.8 B | 13.3 B | 12.3 B | 13.4 B | 13 B | 13.3 B | 13.7 B | 13.4 B | 12.5 B | 11.4 B | 10.2 B | 8.8 B | 8.01 B | 9.14 B | - | - |
Cost of Revenue |
208 M | 217 M | 80 M | 22 M | 87 M | - | 365 M | 1.49 B | 2.38 B | 2.17 B | - | - | - | - | - | - | - |
Gross Profit |
15 B | 13.6 B | 13.2 B | 12.3 B | 13.3 B | 10.4 B | 9.35 B | 10.1 B | 9.54 B | 8.69 B | 8.05 B | 7.21 B | 6.12 B | 5.43 B | 5.69 B | - | - |
Operating Income |
8.04 B | 7.96 B | 5.1 B | 2.45 B | 4.06 B | 6.77 B | 6.58 B | 5.76 B | 4.68 B | 2.31 B | 101 M | 3.93 B | 3.47 B | 2.83 B | 3.17 B | 2.39 B | - |
Interest Expense |
205 M | 324 M | 3.26 B | 2.59 B | 2.36 B | 2.23 B | 2.33 B | 2.26 B | 2.07 B | 2 B | 1.37 B | 1.2 B | 985 M | 976 M | 937 M | 701 M | - |
EBITDA |
10.8 B | 10.8 B | 7.88 B | 5.03 B | 6.58 B | 9.36 B | 9.05 B | 8.11 B | 6.74 B | 4.49 B | 1.53 B | 4.9 B | 4.36 B | 3.95 B | 4.75 B | 2.44 B | - |
Operating Expenses |
7 B | 5.59 B | 8.09 B | 9.84 B | 9.24 B | 4.6 B | 4.64 B | 4.16 B | 4.48 B | 4.37 B | 3.77 B | 3.45 B | 3.12 B | 3.01 B | 2.47 B | - | - |
General and Administrative Expenses |
- | - | - | - | - | - | 727 M | 569 M | 569 M | 555 M | 517 M | 473 M | 445 M | 434 M | - | - | - |
Annual performance
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Quarterly Income Statement TC Energy Corporation
| 2025-Q4 | 2024-Q4 | 2023-Q4 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q4 | 2009-Q4 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
- | - | - | - | - | - | - | 981 M | - | - | - | 940 M | - | - | - | 938 M | - | - | - | 918 M | - | - | - | 881 M | - | - | - | 864 M | - | - | - | 703 M | - | - | - | 709 M | - | - | - | 707 M | - | - | - | 705 M | - | - | - | 704 M | - | - | - | 691 M | - |
Net Income |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.28 B | - |
Operating Income |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.39 B | - |
Interest Expense |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 701 M | - |
EBITDA |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.44 B | - |
Quarterly performance
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The income statement is one of the three key financial reports of a company TC Energy Corporation (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.