NYSE · Utilities

TC Energy Corp (TRP)

TC Energy Corp reported revenue of CA$15.2B in fiscal 2025, up 10.7% from a year earlier. Net income was CA$3.5B, a net margin of 23.1%. At December 31, 2025 it held CA$168M in cash against CA$1.5B of debt.

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Price

$58.68

-0.17% on the day · September 28, 2026

52-week range $49.27 to $71.47

Market cap

$58.7B

Revenue (FY2025)

CA$15.2B

+10.7% year on year

Net margin

23.1%

What TC Energy Corp does

TC Energy operates natural gas and liquids pipelines, power generation facilities, and gas storage facilities across Canada, the United States, and Mexico. The company transports natural gas and crude oil for energy producers, utilities, and industrial customers. Its shares trade on NYSE under the ticker TRP.

Revenue and profit by year

Revenue

Net income

Fiscal years as reported in annual reports. Amounts in CAD.

Key figures

Fiscal year	Revenue	Operating income	Net income	Diluted EPS	Free cash flow
2025	CA$15.2B	CA$8B	CA$3.5B	CA$3.27	n/a
2024	CA$13.8B	CA$8B	CA$4.7B	CA$4.43	-CA$208M
2023	CA$13.3B	CA$5.1B	CA$2.9B	CA$2.75	-CA$5B
2022	CA$12.3B	CA$2.5B	CA$748M	CA$0.64	-CA$2.6B
2021	CA$13.4B	CA$4.1B	CA$2B	CA$1.86	-CA$244M
2020	CA$13B	CA$6.8B	CA$4.6B	CA$4.74	-CA$1.8B

Full financial statements: income, balance sheet and cash flow

Where TRP ranks in Utilities

Revenue growth+10.7%

#55 of 132 in Utilities · Top 41%

Net margin23.1%

#17 of 132 in Utilities · Top 12%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Utilities

Dividends

TC Energy Corp declared CA$3.40 per share in fiscal 2025. It paid out CA$3.5B in cash dividends, 100% of its net income.

Fiscal year	Per share	Paid out	Of profit
2025	CA$3.40	CA$3.5B	100%
2024	CA$3.70	CA$4B	84%
2023	CA$3.72	CA$2.8B	95%
2022	CA$3.60	CA$3.2B	427%
2021	CA$3.48	CA$3.3B	170%
2020	CA$3.24	CA$3B	65%

Per share as declared (or paid, where only that is reported), adjusted for stock splits the company itself restated. Yield is the latest fiscal year's dividend over the current price.

Latest SEC filings

What TC Energy Corp has filed recently, newest first. Each links to the original document on SEC EDGAR.

September 22, 2026
Foreign issuer update 6-K
August 12, 2026
Passive stake changed SCHEDULE 13G/A
July 10, 2026
Foreign issuer update 6-K
June 18, 2026
Employee plan annual report 11-K
May 7, 2026
Foreign issuer update 6-K
April 13, 2026
Foreign issuer update 6-K
March 20, 2026
Foreign issuer update 6-K
March 10, 2026
Foreign issuer update 6-K
February 13, 2026
Foreign issuer update 6-K
February 13, 2026
Foreign issuer update 6-K

Insider trades

What the people running TC Energy Corp did with its shares, from the Form 4 filings they must send the SEC within two business days.

No insider trades were reported in the last 90 days.

Bought (open market)

last 90 days

Sold

last 90 days

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns TRP

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

Holder	Of class	Shares	Filed
The Goldman Sachs Group, Inc. ------------------------------------------------------------------------------13G, passive with 1 related filers	9.2%	95,017,946	November 5, 2024
Bank of Montreal13G, passive with 10 related filers	6.4%	66,694,075	November 13, 2024

Latest filings below 5%: Capital International Investors 4.1% (February 14, 2025); Capital Research Global Investors 4.9% (February 13, 2025).

Largest institutional holders

No Form 13F positions imported for this company yet.

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

No insider reported holdings on a Form 4 in the last 12 months.

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about TRP

What does TC Energy Corp do?

Is TC Energy Corp profitable?

Yes. In fiscal 2025 it reported net income of CA$3.5B on revenue of CA$15.2B, a net margin of 23.1%.

How much revenue does TC Energy Corp make?

In fiscal 2025 TC Energy Corp reported revenue of CA$15.2B. That is 10.7% more than a year earlier.

When did TC Energy Corp last report?

Its newest filing of any kind is the foreign issuer update from September 22, 2026.

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Where the numbers come from

Financial figures are the values TC Energy Corp tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.