greeksoup/ stocks
Stocks / Foreign companies / TRP · Natural Gas Transmission

TC Energy Corporation (TRP)

TC Energy Corporation files a 40-F with the SEC once a year, in Canadian dollars. In the year to 31 December 2025 it reported revenue of CAD 15,239 million, up 10.7% on the year before. Its profit attributable to shareholders was CAD 3,519 million, down 25.1%, and diluted earnings per share CAD 3.27.

Earnings per share are per ordinary share, in Canadian dollars. The share that trades in the US can be a depositary share standing for more or fewer ordinary shares, so no price ratio is worked out on this page.

The public record on TRP

Planned insider salesno Form 144 notice in twelve months
Options tapeput/call 0.31 by open interest on 26 September 2026; the straddle prices a 5.2% move to 16 October 2026
Holders10 of the followed funds hold it; largest Capital Research Global Investors; 4 Schedule 13D or 13G filings in twelve months
Congress0 House trades disclosed in six months
Short interest34.6 million shares short, 13.63 days to cover at 15 September 2026

Profit and loss, 12 fiscal years

Year toDec 2025Dec 2024Dec 2023*Dec 2022*Dec 2021Dec 2020Dec 2019*Dec 2018Dec 2017Dec 2016Dec 2015*Dec 2014*
Revenue15,23913,77113,26712,30913,38712,99913,25513,67913,44912,54711,35310,185
Cost of sales20821780.022.087.00.03651,4862,3822,172n/an/a
Operating profit8,0367,9645,0972,4504,0596,7736,5855,7644,6842,3131013,931
Profit before tax5,4445,9063,2984742,1665,1075,1873,9493,306837-1,1062,824
Income tax1,138922842322120194754432-89.035234.0831
Profit for the year4,0945,3793,0687852,0464,9134,4333,5173,395485-1,1401,993
Profit attributable to shareholders3,5194,6982,9227481,9554,6164,1403,7023,157233-1,1461,840

CAD million, from each year's annual report on the SEC's EDGAR, the year linked to its filing, on the US GAAP tags the company filed. A line the company does not file under the standard tag is left out rather than estimated. A year marked * shows the figure as the company restated it in a later annual report (Dec 2014, Dec 2015, Dec 2019, Dec 2022, Dec 2023); the first-filed figure is in the CSV. Profit for the year includes the part that belongs to minority shareholders; profit attributable to shareholders is the part EPS is struck on.

Year toDec 2025Dec 2024Dec 2023*Dec 2022*Dec 2021Dec 2020Dec 2019*Dec 2018Dec 2017Dec 2016Dec 2015*Dec 2014*
Diluted EPS3.274.432.750.641.864.744.273.923.430.16-1.75n/a
Basic EPS3.274.432.750.641.874.744.283.923.440.16-1.75n/a

CAD per ordinary share, as filed.

Cash flow

Year toDec 2025Dec 2024Dec 2023*Dec 2022*Dec 2021Dec 2020Dec 2019*Dec 2018Dec 2017Dec 2016Dec 2015*Dec 2014*
Cash from operations7,3467,6967,2686,3756,8907,0587,0826,5555,2305,0694,3844,226
Purchase of property, plant and equipmentn/a7,90412,2988,9617,1348,9007,4759,4187,3835,0073,9183,489
Free cash flown/a-208-5,030-2,586-244-1,842-393-2,863-2,15362.0466737
Dividends paid3,5073,9532,7873,1923,3172,9871,7981,5711,3391,4361,4461,345

CAD million. Purchase of property, plant and equipment is the cash line as filed; purchases of intangible assets and acquisitions are not in it. Free cash flow is cash from operations less that purchase, arithmetic on the two filed lines.

Balance sheet at year end

Year toDec 2025Dec 2024Dec 2023*Dec 2022*Dec 2021Dec 2020Dec 2019*Dec 2018Dec 2017Dec 2016Dec 2015*Dec 2014*
Total assets118,751118,243125,034114,348104,218100,30099,27998,92086,10188,05164,39858,525
Equity attributable to shareholders27,29527,59229,55333,99033,27131,39830,76329,33825,03924,25716,43819,070
Cash and cash equivalents1688013,6786206731,5301,3434461,0891,016850489
Trade and other receivables2,7942,6112,4273,6243,0922,1622,4222,5352,5222,0751,3871,313
Inventories782747771936724629452431378368323292
Goodwill13,01613,67012,53212,84312,58212,67912,88714,17813,08413,9584,8124,034

CAD million, at each fiscal year end. Borrowings is the company's own stated total where it files one; it is never added up from its parts here.

Ratios on the filed lines

Year toDec 2025Dec 2024Dec 2023*Dec 2022*Dec 2021Dec 2020Dec 2019*Dec 2018Dec 2017Dec 2016Dec 2015*Dec 2014*
Operating margin52.7%57.8%38.4%19.9%30.3%52.1%49.7%42.1%34.8%18.4%0.9%38.6%
Net margin23.1%34.1%22.0%6.1%14.6%35.5%31.2%27.1%23.5%1.9%-10.1%18.1%
Free cash flow marginn/a-1.5%-37.9%-21.0%-1.8%-14.2%-3.0%-20.9%-16.0%0.5%4.1%7.2%
Return on year-end equity12.9%17.0%9.9%2.2%5.9%14.7%13.5%12.6%12.6%1.0%-7.0%9.6%
Effective tax rate20.9%15.6%25.5%67.9%5.5%3.8%14.5%10.9%-2.7%42.1%n/a29.4%

Arithmetic on the filed lines of the same year: margins over revenue, return on equity as profit attributable to shareholders over year-end equity, tax over profit before tax.

Annual reports on EDGAR

FormYear toFiled
40-F31 December 202513 February 2026EDGAR
40-F31 December 202414 February 2025EDGAR
40-F31 December 202316 February 2024EDGAR
40-F31 December 202214 February 2023EDGAR
40-F31 December 202115 February 2022EDGAR
40-F31 December 202018 February 2021EDGAR
40-F31 December 201913 February 2020EDGAR
40-F31 December 201814 February 2019EDGAR
40-F31 December 201715 February 2018EDGAR
40-F31 December 201616 February 2017EDGAR
40-F31 December 201511 February 2016EDGAR
40-F31 December 201413 February 2015EDGAR

The same record on your computer

GreekSoup is also a free program for your own computer. It reads these same filings for the names you follow, refreshed as they land, with no account. One pasted line installs it.

Install