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TC Energy (TRP) Financials

TC Energy logo
$50.04 -0.41 (-0.81%)
Closing price 03:59 PM Eastern
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$50.00 -0.04 (-0.08%)
As of 05:36 PM Eastern
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Annual Income Statements for TC Energy

Annual Income Statements for TC Energy

This table shows TC Energy's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Net Income / (Loss) Attributable to Common Shareholders		 3,190 2,143 474 1,421 3,494 3,064 2,593 2,382 92 -897 1,501
Consolidated Net Income / (Loss)		 3,735 2,324 580 1,601 3,851 3,416 2,577 2,698 361 -824 1,716
Net Income / (Loss) Continuing Operations		 3,461 1,860 112 1,601 3,851 3,416 2,577 2,698 361 -824 1,716
Total Pre-Tax Income 		4,101 2,498 350 1,695 4,003 3,997 2,894 2,627 623 -800 2,431
Total Operating Income		 4,018 4,459 3,325 2,450 4,550 4,459 3,576 2,607 1,959 -155 2,834
Total Gross Profit		 9,413 9,989 9,080 10,409 10,190 9,934 8,935 8,795 7,721 6,591 7,189
Total Revenue		 9,563 10,049 9,096 10,477 10,190 10,215 10,024 10,688 9,337 8,209 8,769
Operating Revenue		 9,563 10,049 9,096 10,477 10,190 10,215 10,024 10,688 9,337 8,209 8,769
Total Cost of Revenue		 151 61 16 68 0.00 281 1,089 1,893 1,616 1,617 1,581
Operating Cost of Revenue		 151 61 16 68 0.00 281 1,089 1,893 1,616 1,617 1,581
Total Operating Expenses		 5,394 5,529 5,755 7,959 5,640 5,475 5,359 6,188 5,762 6,746 4,354
Selling, General & Admin Expense		 3,065 3,085 3,124 3,207 3,040 3,016 2,633 3,104 2,873 2,388 2,560
Depreciation Expense		 1,760 1,853 1,672 1,974 2,030 1,899 1,722 1,633 1,443 1,276 1,387
Other Operating Expenses / (Income)		 569 592 537 606 570 560 417 452 413 374 407
Impairment Charge		 0.00 0.00 422 2,172 0.00 - 587 999 1,033 2,708 0.00
Total Other Income / (Expense), net		 83 -1,961 -2,974 -755 -546 -462 -682 21 -1,336 -645 -403
Interest Expense		 2,097 2,247 1,700 1,847 1,747 1,798 1,660 1,644 1,487 991 1,031
Interest & Investment Income		 1,082 992 738 703 799 709 523 614 694 436 528
Other Income / (Expense), net		 1,098 -707 -2,013 389 401 627 454 1,051 -543 -90 101
Income Tax Expense		 640 638 238 94 152 581 317 -71 262 25 715
Net Income / (Loss) Discontinued Operations		 274 464 468 - - - - - - - -
Preferred Stock Dividends Declared		 72 70 79 110 125 126 119 127 81 68 84
Net Income / (Loss) Attributable to Noncontrolling Interest		 473 111 27 71 233 226 -136 189 188 4.34 132
Basic Earnings per Share		 $3.08 $2.08 $0.47 $1.87 $4.74 $4.28 $3.92 $2.73 $0.16 ($1.75) -
Weighted Average Basic Shares Outstanding		 1.04B 1.03B 995M 973M 940M 929M 902M 872M 759M 709M 708M
Diluted Earnings per Share		 $3.08 $2.08 $0.47 $1.86 $4.74 $4.27 $3.92 $2.73 $0.16 ($1.75) -
Weighted Average Diluted Shares Outstanding		 1.04B 1.03B 996M 974M 940M 931M 903M 874M 760M 709M 710M
Weighted Average Basic & Diluted Shares Outstanding		 2.03B 2.03B 1.99B 1.92B 1.84B 1.84B 1.81B 881.38M 863.76M 702.61M 708.56M
Cash Dividends to Common per Share		 $2.57 $2.82 $2.66 $3.48 $3.24 $3.00 $2.76 $1.99 $2.26 $2.08 $1.92

Quarterly Income Statements for TC Energy

No quarterly income statements for TC Energy are available.

Annual Cash Flow Statements for TC Energy

This table details how cash moves in and out of TC Energy's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Net Change in Cash & Equivalents		 -1,998 2,316 -39 -671 147 691 -471 58 124 261 -377
Net Cash From Operating Activities		 5,344 5,505 4,711 5,393 5,533 5,458 4,803 4,156 3,772 3,170 3,639
Net Cash From Continuing Operating Activities		 5,344 5,505 4,711 5,393 5,533 5,458 4,803 4,156 3,772 3,170 3,639
Net Income / (Loss) Continuing Operations		 3,735 2,324 580 1,601 3,851 3,416 2,577 2,698 361 -824 1,716
Consolidated Net Income / (Loss)		 3,735 2,324 580 1,601 3,851 3,416 2,577 2,698 361 -824 1,716
Depreciation Expense		 1,936 2,104 1,910 1,974 2,030 1,899 1,722 1,633 1,443 1,276 1,387
Non-Cash Adjustments To Reconcile Net Income		 -808 912 2,565 2,187 -47 -126 493 231 1,826 3,161 189
Changes in Operating Assets and Liabilities, net		 481 165 -344 -369 -302 268 11 -406 142 -443 346
Net Cash From Investing Activities		 -4,798 -9,307 -5,180 -6,036 -4,744 -5,296 -7,342 -2,940 -13,978 -3,528 -3,695
Net Cash From Continuing Investing Activities		 -4,798 -9,307 -5,180 -6,036 -4,744 -5,296 -7,342 -2,940 -13,978 -3,528 -3,695
Acquisitions		 -4,381 -6,298 -4,935 -5,583 -6,881 -6,225 -7,645 -1,336 -10,696 -527 -428
Purchase of Investments		 -3,252 -3,143 -2,537 - - - - - - - -
Sale of Property, Plant & Equipment		 549 25 0.00 27 2,671 1,848 450 3,721 4.46 0.00 169
Sale and/or Maturity of Investments		 2,560 17 1,945 57 0.00 143 89 288 541 6.51 10
Other Investing Activities, net		 -274 91 347 -537 -534 -1,063 -235 254 -101 -174 -442
Net Cash From Financing Activities		 -2,690 6,130 360 -69 -627 534 2,014 -1,128 10,424 538 -321
Net Cash From Continuing Financing Activities		 -2,690 6,130 360 -69 -627 534 2,014 -1,128 10,424 538 -321
Repayment of Debt		 -6,609 -2,857 -989 -6,072 -3,118 -2,699 -2,601 -5,630 -5,323 -1,522 -920
Repurchase of Preferred Equity		 0.00 0.00 -739 -391 0.00 0.00 - - - - -
Payment of Dividends		 -3,338 -2,312 -2,501 -2,789 -2,639 -1,675 -1,432 -1,412 -1,351 -1,274 -1,564
Issuance of Debt		 6,872 7,260 3,164 9,570 4,351 4,713 5,170 6,476 10,086 3,312 1,676
Issuance of Common Equity		 76 3.03 1,408 116 881 195 877 397 5,925 59 108
Other Financing Activities, net		 310 4,036 17 -7.83 -102 0.00 0.00 0.00 - - -
Effect of Exchange Rate Changes		 146 -12 69 41 -15 -4.62 53 - -95 81 0.00

Quarterly Cash Flow Statements for TC Energy

No quarterly cash flow statements for TC Energy are available.

Annual Balance Sheets for TC Energy

This table presents TC Energy's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Total Assets		 82,113 94,708 84,502 81,567 78,626 76,512 72,486 68,423 65,524 46,563 50,390
Total Current Assets		 3,981 8,614 5,418 5,810 4,077 5,896 3,763 3,719 6,016 2,833 2,680
Cash & Equivalents		 556 2,786 458 527 1,199 1,035 327 865 756 615 421
Accounts Receivable		 1,813 1,838 2,678 3,372 1,695 1,867 1,858 2,004 1,544 1,003 1,131
Inventories, net		 519 584 692 567 493 348 316 300 274 234 251
Other Current Assets		 930 1,075 1,590 1,344 690 483 865 549 3,442 982 877
Other Current Nonoperating Assets		 163 2,331 - - - 2,163 398 0.00 - - -
Plant, Property, & Equipment, net		 53,820 52,606 56,119 54,928 54,697 50,471 48,732 45,517 40,538 32,405 35,968
Total Noncurrent Assets		 24,312 33,488 22,965 20,829 19,852 20,145 19,992 19,187 18,970 11,325 11,742
Long-Term Investments		 9,468 8,917 8,604 8,314 6,722 6,214 6,097 5,786 5,348 4,747 4,874
Noncurrent Note & Lease Receivables		 1,720 1,714 1,400 186 1,049 1,105 - - - - -
Goodwill		 9,493 9,493 9,491 9,847 9,939 9,932 10,389 10,398 10,387 3,479 3,473
Other Noncurrent Operating Assets		 3,536 3,947 3,470 2,481 2,142 2,894 2,098 1,824 984 856 1,117
Other Noncurrent Nonoperating Assets		 94 9,418 - - - - - - - - -
Total Liabilities & Shareholders' Equity		 82,113 94,708 84,502 81,567 78,626 76,512 72,486 68,423 65,524 46,563 50,390
Total Liabilities		 55,474 65,161 59,291 55,429 52,386 51,544 49,775 47,053 45,311 33,436 32,608
Total Current Liabilities		 7,299 8,951 12,494 10,207 9,397 9,941 9,487 7,849 5,715 5,323 6,526
Short-Term Debt		 2,321 2,225 6,030 5,076 4,819 5,399 4,561 3,679 1,944 2,722 3,671
Accounts Payable		 3,678 3,261 5,283 3,991 2,991 3,502 3,963 3,224 2,873 1,918 2,490
Dividends Payable		 607 742 687 688 623 568 489 466 391 278 -
Other Current Nonoperating Liabilities		 693 2,723 494 452 963 472 473 481 443 376 365
Total Noncurrent Liabilities		 48,175 56,210 46,796 45,223 42,990 41,603 40,289 39,204 39,596 28,113 26,082
Long-Term Debt		 38,906 45,647 37,053 36,221 34,030 33,057 32,255 31,477 32,316 23,555 21,673
Asset Retirement Reserve & Litigation Obligation		 3,683 3,562 3,340 3,365 3,252 2,907 2,880 3,434 1,578 838 226
Noncurrent Deferred & Payable Income Tax Liabilities		 4,781 5,281 5,652 4,807 4,551 4,395 4,416 4,294 5,702 3,719 4,182
Other Noncurrent Operating Liabilities		 730 751 752 829 1,156 1,244 739 - - 0.00 -
Other Noncurrent Nonoperating Liabilities		 76 970 - - - - - - - - -
Total Equity & Noncontrolling Interests		 26,639 29,547 25,211 26,138 25,932 24,968 22,711 21,370 19,336 13,127 17,782
Total Preferred & Common Equity		 19,161 22,385 25,118 26,040 24,613 23,708 21,498 19,898 18,051 11,885 16,419
Preferred Stock		 1,735 1,893 1,847 2,729 3,120 3,067 2,916 3,163 2,962 1,807 1,942
Total Common Equity		 17,426 20,492 23,272 23,311 21,493 20,641 18,582 16,735 15,089 10,079 14,478
Common Stock		 20,903 22,725 21,961 21,480 19,198 18,794 16,994 16,821 14,957 8,755 10,825
Retained Earnings		 -3,640 -2,270 605 2,953 4,207 3,048 2,032 1,290 847 2,002 4,717
Accumulated Other Comprehensive Income / (Loss)		 162 37 706 -1,122 -1,912 -1,201 -444 -1,376 -714 -679 -1,063
Noncontrolling Interest		 7,478 7,162 93 98 1,319 1,259 1,213 1,472 1,284 1,241 1,363

Quarterly Balance Sheets for TC Energy

No quarterly balance sheets for TC Energy are available.

Annual Metrics And Ratios for TC Energy

This table displays calculated financial ratios and metrics derived from TC Energy's official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -4.84% 10.48% -13.18% 2.82% -0.25% 1.91% -6.21% 14.47% 13.75% -6.39% 6.03%
EBITDA Growth		 20.41% 81.81% -33.08% -31.06% -0.06% 21.44% 8.74% 85.08% 177.22% -76.15% 5.42%
EBIT Growth		 36.34% 186.08% -53.80% -42.65% -2.66% 26.21% 10.20% 158.38% 677.45% -108.35% 8.55%
NOPAT Growth		 2.11% 211.47% -53.94% -47.12% 14.85% 19.66% 18.98% 135.85% 1,147.84% -105.41% -2.37%
Net Income Growth		 60.74% 300.60% -63.77% -58.42% 12.73% 32.56% -4.48% 647.52% 143.79% -148.03% -4.49%
EPS Growth		 47.69% 340.38% -74.57% -60.76% 11.01% 8.93% 43.81% 1,603.63% 109.14% 0.00% 0.00%
Operating Cash Flow Growth		 -2.92% 16.86% -12.64% -2.54% 1.37% 13.63% 15.57% 10.18% 19.00% -12.88% 5.34%
Free Cash Flow Firm Growth		 -46.85% 1,277.76% -71.01% 97.84% -72.21% 620.77% -68.24% 107.93% -494.30% 104.46% 607.77%
Invested Capital Growth		 0.95% -3.33% 1.14% 1.67% 6.73% 2.58% 5.60% 3.29% 41.81% -9.16% 0.90%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 98.42% 99.40% 99.82% 99.35% 100.00% 97.25% 89.14% 82.29% 82.69% 80.30% 81.97%
EBITDA Margin		 73.74% 58.28% 35.41% 45.94% 68.51% 68.38% 57.39% 49.50% 30.61% 12.56% 49.29%
Operating Margin		 42.02% 44.37% 36.55% 23.39% 44.65% 43.65% 35.68% 24.39% 20.98% -1.89% 32.32%
EBIT Margin		 53.50% 37.34% 14.42% 27.10% 48.59% 49.79% 40.21% 34.22% 15.16% -2.99% 33.47%
Profit (Net Income) Margin		 39.06% 23.13% 6.38% 15.28% 37.80% 33.44% 25.71% 25.24% 3.87% -10.04% 19.57%
Tax Burden Percent		 91.08% 93.03% 165.61% 94.46% 96.20% 85.46% 89.06% 102.69% 57.95% 103.07% 70.57%
Interest Burden Percent		 80.17% 66.57% 26.70% 59.70% 80.86% 78.59% 71.80% 71.84% 44.01% 326.25% 82.84%
Effective Tax Rate		 15.61% 25.53% 67.93% 5.54% 3.80% 14.54% 10.94% -2.69% 42.06% 0.00% 29.43%
Return on Invested Capital (ROIC)		 5.78% 5.59% 1.77% 3.91% 7.69% 7.01% 6.10% 5.35% 2.71% -0.30% 5.26%
ROIC Less NNEP Spread (ROIC-NNEP)		 6.91% 2.48% 0.36% 1.75% 6.01% 5.72% 4.08% 5.42% -0.30% -3.71% 3.81%
Return on Net Nonoperating Assets (RNNOA)		 7.52% 2.90% 0.48% 2.21% 7.35% 7.32% 5.60% 7.90% -0.48% -5.04% 4.09%
Return on Equity (ROE)		 13.30% 8.49% 2.26% 6.11% 15.04% 14.33% 11.69% 13.26% 2.22% -5.33% 9.35%
Cash Return on Invested Capital (CROIC)		 4.83% 8.97% 0.64% 2.25% 1.19% 4.47% 0.64% 2.12% -31.87% 9.30% 4.36%
Operating Return on Assets (OROA)		 5.79% 4.19% 1.58% 3.55% 6.38% 6.83% 5.72% 5.46% 2.53% -0.51% 5.81%
Return on Assets (ROA)		 4.23% 2.59% 0.70% 2.00% 4.97% 4.59% 3.66% 4.03% 0.64% -1.70% 3.40%
Return on Common Equity (ROCE)		 8.97% 6.78% 2.05% 5.23% 12.38% 11.79% 9.37% 10.36% 1.72% -4.24% 7.69%
Return on Equity Simple (ROE_SIMPLE)		 19.49% 10.38% 2.31% 6.15% 15.65% 14.41% 11.99% 13.56% 2.00% -6.94% 10.45%
Net Operating Profit after Tax (NOPAT)		 3,391 3,321 1,066 2,315 4,377 3,811 3,185 2,677 1,135 -108 2,000
NOPAT Margin		 35.46% 33.04% 11.72% 22.09% 42.95% 37.31% 31.77% 25.05% 12.16% -1.32% 22.81%
Net Nonoperating Expense Percent (NNEP)		 -1.13% 3.11% 1.41% 2.16% 1.68% 1.29% 2.01% -0.07% 3.01% 3.41% 1.45%
Return On Investment Capital (ROIC_SIMPLE)		 5.00% 4.29% 1.56% - - - - - - - -
Cost of Revenue to Revenue		 1.58% 0.60% 0.18% 0.65% 0.00% 2.75% 10.86% 17.71% 17.31% 19.70% 18.03%
SG&A Expenses to Revenue		 32.05% 30.70% 34.35% 30.61% 29.83% 29.52% 26.27% 29.04% 30.77% 29.09% 29.19%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 56.41% 55.02% 63.27% 75.96% 55.35% 53.59% 53.46% 57.90% 61.71% 82.18% 49.65%
Earnings before Interest and Taxes (EBIT)		 5,116 3,752 1,312 2,839 4,951 5,086 4,030 3,657 1,415 -245 2,935
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 7,052 5,857 3,221 4,813 6,981 6,985 5,752 5,290 2,858 1,031 4,322
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 5.42 3.18 2.57 3.06 2.74 3.46 1.20 1.71 1.37 1.44 1.44
Price to Tangible Book Value (P/TBV)		 11.91 5.93 4.33 5.30 5.10 6.67 3.29 5.54 8.46 3.33 2.40
Price to Revenue (P/Rev)		 9.88 6.49 6.56 6.81 5.79 7.00 2.23 2.67 2.22 1.77 2.38
Price to Earnings (P/E)		 29.61 30.43 126.05 50.26 16.87 23.33 8.61 12.00 224.56 0.00 13.93
Dividend Yield		 17.36% 8.49% 8.81% 7.13% 7.52% 5.75% 6.42% 5.89% 5.84% 7.78% 5.83%
Earnings Yield		 3.38% 3.29% 0.79% 1.99% 5.93% 4.29% 11.62% 8.33% 0.45% 0.00% 7.18%
Enterprise Value to Invested Capital (EV/IC)		 2.29 1.89 1.58 1.79 1.61 1.94 1.06 1.21 1.08 1.11 1.16
Enterprise Value to Revenue (EV/Rev)		 14.10 10.99 10.52 10.18 9.29 10.48 5.67 5.78 5.69 4.69 5.05
Enterprise Value to EBITDA (EV/EBITDA)		 19.13 18.86 29.70 22.16 13.55 15.32 9.88 11.67 18.59 37.30 10.24
Enterprise Value to EBIT (EV/EBIT)		 26.36 29.43 72.93 37.57 19.11 21.04 14.10 16.88 37.53 0.00 15.08
Enterprise Value to NOPAT (EV/NOPAT)		 39.78 33.26 89.73 46.08 21.62 28.08 17.85 23.06 46.81 0.00 22.12
Enterprise Value to Operating Cash Flow (EV/OCF)		 25.24 20.06 20.31 19.78 17.10 19.61 11.83 14.85 14.08 12.13 12.16
Enterprise Value to Free Cash Flow (EV/FCFF)		 47.60 20.72 247.23 79.92 140.26 44.09 168.79 58.22 0.00 11.34 26.68
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.55 1.62 1.71 1.58 1.48 1.54 1.62 1.65 1.77 2.00 1.43
Long-Term Debt to Equity		 1.46 1.54 1.47 1.39 1.30 1.32 1.42 1.47 1.67 1.79 1.22
Financial Leverage		 1.09 1.17 1.34 1.26 1.22 1.28 1.37 1.46 1.58 1.36 1.07
Leverage Ratio		 3.15 3.27 3.23 3.06 3.03 3.13 3.20 3.29 3.45 3.14 2.75
Compound Leverage Factor		 2.52 2.18 0.86 1.83 2.45 2.46 2.30 2.36 1.52 10.23 2.28
Debt to Total Capital		 60.75% 61.84% 63.08% 61.24% 59.69% 60.63% 61.85% 62.19% 63.92% 66.69% 58.77%
Short-Term Debt to Total Capital		 3.42% 2.87% 8.83% 7.53% 7.40% 8.51% 7.66% 6.51% 3.63% 6.91% 8.51%
Long-Term Debt to Total Capital		 57.33% 58.96% 54.25% 53.71% 52.28% 52.12% 54.19% 55.69% 60.30% 59.78% 50.25%
Preferred Equity to Total Capital		 2.56% 2.45% 2.70% 4.05% 4.79% 4.84% 4.90% 5.60% 5.53% 4.59% 4.50%
Noncontrolling Interests to Total Capital		 11.02% 9.25% 0.14% 0.15% 2.50% 1.99% 2.04% 2.60% 2.40% 3.15% 3.16%
Common Equity to Total Capital		 25.68% 26.47% 34.08% 34.57% 33.02% 32.54% 31.22% 29.61% 28.15% 25.58% 33.57%
Debt to EBITDA		 5.85 8.17 13.37 8.58 5.56 5.51 6.40 6.65 11.99 25.49 5.86
Net Debt to EBITDA		 4.42 6.18 10.56 6.74 4.43 4.47 5.28 5.39 9.85 20.29 4.64
Long-Term Debt to EBITDA		 5.52 7.79 11.50 7.53 4.87 4.73 5.61 5.95 11.31 22.85 5.01
Debt to NOPAT		 12.16 14.42 40.41 17.84 8.88 10.09 11.56 13.13 30.19 -242.61 12.67
Net Debt to NOPAT		 9.20 10.89 31.91 14.02 7.07 8.19 9.54 10.65 24.81 -193.11 10.02
Long-Term Debt to NOPAT		 11.47 13.75 34.75 15.65 7.77 8.67 10.13 11.76 28.47 -217.48 10.83
Altman Z-Score		 1.23 0.80 0.67 1.00 1.01 1.18 0.54 0.65 0.51 0.42 0.79
Noncontrolling Interest Sharing Ratio		 32.51% 20.08% 9.28% 14.46% 17.72% 17.74% 19.88% 21.82% 22.47% 20.55% 17.77%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.55 0.96 0.43 0.57 0.43 0.59 0.40 0.47 1.05 0.53 0.41
Quick Ratio		 0.32 0.52 0.25 0.38 0.31 0.29 0.23 0.37 0.40 0.30 0.24
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 2,834 5,331 387 1,335 675 2,427 337 1,060 -13,371 3,391 1,659
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 193.70% 101.36% 111.89% 128.33%
Free Cash Flow to Firm to Interest Expense		 1.35 2.37 0.23 0.72 0.39 1.35 0.20 0.64 -8.99 3.42 1.61
Operating Cash Flow to Interest Expense		 2.55 2.45 2.77 2.92 3.17 3.04 2.89 2.53 2.54 3.20 3.53
Operating Cash Flow Less CapEx to Interest Expense		 2.81 2.46 2.77 2.93 4.70 4.06 3.17 1.22 0.03 0.34 0.78
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.11 0.11 0.11 0.13 0.13 0.14 0.14 0.16 0.17 0.17 0.17
Accounts Receivable Turnover		 5.24 4.45 3.01 4.14 5.72 5.49 5.19 6.02 7.33 7.70 8.03
Inventory Turnover		 0.27 0.10 0.03 0.13 0.00 0.85 3.53 6.59 6.37 6.67 6.49
Fixed Asset Turnover		 0.18 0.18 0.16 0.19 0.19 0.21 0.21 0.25 0.26 0.24 0.25
Accounts Payable Turnover		 0.04 0.01 0.00 0.02 0.00 0.08 0.30 0.62 0.67 0.73 0.70
Days Sales Outstanding (DSO)		 69.68 82.02 121.39 88.26 63.78 66.53 70.31 60.59 49.78 47.43 45.48
Days Inventory Outstanding (DIO)		 1,335.50 3,842.02 14,125.35 2,840.30 0.00 430.90 103.28 55.36 57.29 54.72 56.27
Days Payable Outstanding (DPO)		 8,403.96 25,731.72 104,102.17 18,713.81 0.00 4,843.04 1,204.52 587.84 541.01 497.39 521.37
Cash Conversion Cycle (CCC)		 -6,998.77 -21,807.68 -89,855.43 -15,785.24 63.78 -4,345.60 -1,030.93 -471.89 -433.93 -395.24 -419.62
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 58,960 58,403 60,413 59,734 58,754 55,052 53,668 50,820 49,203 34,697 38,197
Invested Capital Turnover		 0.16 0.17 0.15 0.18 0.18 0.19 0.19 0.21 0.22 0.23 0.23
Increase / (Decrease) in Invested Capital		 557 -2,011 679 980 3,702 1,384 2,848 1,617 14,506 -3,499 342
Enterprise Value (EV)		 134,881 110,438 95,668 106,672 94,629 107,009 56,842 61,722 53,124 38,459 44,258
Market Capitalization		 94,466 65,214 59,707 71,388 58,954 71,476 22,320 28,583 20,721 14,494 20,904
Book Value per Share		 $8.58 $10.29 $12.12 $12.65 $11.68 $11.43 $21.08 $19.37 $21.48 $14.22 $20.47
Tangible Book Value per Share		 $3.91 $5.52 $7.17 $7.31 $6.28 $5.93 $7.70 $5.97 $3.49 $6.15 $12.34
Total Capital		 67,865 77,419 68,294 67,435 65,089 63,423 59,526 56,525 53,595 39,405 43,127
Total Debt		 41,226 47,872 43,083 41,298 38,850 38,456 36,815 35,155 34,260 26,278 25,345
Total Long-Term Debt		 38,906 45,647 37,053 36,221 34,030 33,057 32,255 31,477 32,316 23,555 21,673
Net Debt		 31,202 36,170 34,021 32,457 30,928 31,207 30,392 28,504 28,156 20,916 20,049
Capital Expenditures (CapEx)		 -549 -25 0.00 -27 -2,671 -1,848 -450 2,146 3,722 2,833 2,835
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -1,553 -898 -1,504 153 -1,700 319 -1,490 -1,317 1,488 -382 -596
Debt-free Net Working Capital (DFNWC)		 -997 1,888 -1,046 679 -500 1,354 -1,163 -451 2,244 232 -175
Net Working Capital (NWC)		 -3,318 -337 -7,076 -4,397 -5,320 -4,044 -5,724 -4,130 301 -2,490 -3,846
Net Nonoperating Expense (NNE)		 -345 997 486 713 526 395 608 -21 774 716 284
Net Nonoperating Obligations (NNO)		 32,321 28,855 35,202 33,596 32,514 30,084 30,957 29,450 29,868 21,571 20,414
Total Depreciation and Amortization (D&A)		 1,936 2,104 1,910 1,974 2,030 1,899 1,722 1,633 1,443 1,276 1,387
Debt-free, Cash-free Net Working Capital to Revenue		 -16.24% -8.93% -16.53% 1.46% -16.68% 3.12% -14.86% -12.32% 15.94% -4.66% -6.79%
Debt-free Net Working Capital to Revenue		 -10.43% 18.79% -11.50% 6.48% -4.91% 13.26% -11.60% -4.22% 24.04% 2.83% -1.99%
Net Working Capital to Revenue		 -34.70% -3.35% -77.79% -41.97% -52.20% -39.59% -57.10% -38.64% 3.22% -30.34% -43.86%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $3.08 $2.75 $0.64 $1.87 $4.74 $3.30 $3.92 $3.44 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 1.04B 1.03B 995M 973M 940M 929M 902M 872M 759M 709M 708M
Adjusted Diluted Earnings per Share		 $3.08 $2.75 $0.64 $1.86 $4.74 $3.29 $3.92 $3.43 $0.00 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 1.04B 1.03B 996M 974M 940M 931M 903M 874M 760M 709M 710M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 2.03B 2.03B 1.99B 1.92B 1.84B 1.84B 1.81B 881.38M 863.76M 702.61M 708.56M
Normalized Net Operating Profit after Tax (NOPAT)		 3,391 3,321 2,623 4,366 4,377 3,811 3,708 2,524 1,733 1,787 2,000
Normalized NOPAT Margin		 35.46% 33.04% 28.83% 41.67% 42.95% 37.31% 36.99% 23.61% 18.57% 21.77% 22.81%
Pre Tax Income Margin		 42.89% 24.86% 3.85% 16.18% 39.29% 39.13% 28.87% 24.58% 6.67% -9.74% 27.73%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 2.44 1.67 0.77 1.54 2.83 2.83 2.43 2.22 0.95 -0.25 2.85
NOPAT to Interest Expense		 1.62 1.48 0.63 1.25 2.51 2.12 1.92 1.63 0.76 -0.11 1.94
EBIT Less CapEx to Interest Expense		 2.70 1.68 0.77 1.55 4.36 3.86 2.70 0.92 -1.55 -3.11 0.10
NOPAT Less CapEx to Interest Expense		 1.88 1.49 0.63 1.27 4.04 3.15 2.19 0.32 -1.74 -2.97 -0.81
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 89.37% 99.48% 431.21% 174.14% 68.53% 49.04% 55.56% 52.34% 374.23% -154.56% 91.17%
Augmented Payout Ratio		 89.37% 99.48% 431.21% 205.08% 68.53% 49.04% 55.56% 87.84% 377.11% -180.35% 91.17%

Quarterly Metrics And Ratios for TC Energy

No quarterly metrics and ratios for TC Energy are available.

Frequently Asked Questions About TC Energy's Financials

When does TC Energy's financial year end?

According to the most recent income statement we have on file, TC Energy's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has TC Energy's net income changed over the last 10 years?

TC Energy's net income appears to be on an upward trend, with a most recent value of $3.74 billion in 2024, rising from $1.72 billion in 2014. The previous period was $2.32 billion in 2023. View TC Energy's forecast to see where analysts expect TC Energy to go next.

What is TC Energy's operating income?
TC Energy's total operating income in 2024 was $4.02 billion, based on the following breakdown:
  • Total Gross Profit: $9.41 billion
  • Total Operating Expenses: $5.39 billion
How has TC Energy revenue changed over the last 10 years?

Over the last 10 years, TC Energy's total revenue changed from $8.77 billion in 2014 to $9.56 billion in 2024, a change of 9.1%.

How much debt does TC Energy have?

TC Energy's total liabilities were at $55.47 billion at the end of 2024, a 14.9% decrease from 2023, and a 70.1% increase since 2014.

How much cash does TC Energy have?

In the past 10 years, TC Energy's cash and equivalents has ranged from $326.82 million in 2018 to $2.79 billion in 2023, and is currently $556.25 million as of their latest financial filing in 2024.

How has TC Energy's book value per share changed over the last 10 years?

Over the last 10 years, TC Energy's book value per share changed from 20.47 in 2014 to 8.58 in 2024, a change of -58.1%.


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This page (NYSE:TRP) was last updated on 5/27/2025 by MarketBeat.com Staff
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