TC Energy Corp income statement

In fiscal 2025, TC Energy Corp reported revenue of $10.91bn, up 8.5% on the year before, operating income of $5.75bn (a 52.7% margin) and net income of $2.52bn, or $2.34 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

TC Energy Corp: income statement, annual
Fiscal year	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	6.7	7.9	8.0	8.5	9.2	8.9	9.5	10.4	10.6	10.0	9.7	10.7	9.5	9.8	10.1	10.9
Cost of revenue	—	—	—	—	—	—	1.6	1.8	1.1	0.3	0.0	0.1	0.0	0.1	0.2	0.1
Gross profit	—	—	—	—	—	—	7.8	8.5	9.4	9.7	9.7	10.6	9.5	9.8	9.9	10.8
Operating income	2.3	3.2	2.8	3.4	3.6	0.1	1.7	3.6	4.5	5.0	5.1	3.2	1.9	3.8	5.8	5.8
Interest expense	0.7	0.9	1.0	1.0	1.1	1.1	1.5	1.6	1.7	1.8	1.7	1.9	2.0	2.4	2.2	2.4
Provision for credit losses	0.1	—	—	—	—	—	—	—	—	—	0.0	0.0	0.1	−0.1	−0.0	0.1
Income before tax	1.7	2.3	1.9	2.4	2.6	−0.9	0.6	2.5	3.0	3.9	3.8	1.7	0.4	2.4	4.3	3.9
Income tax	0.4	0.6	0.5	0.6	0.8	0.0	0.3	−0.1	0.3	0.6	0.1	0.1	0.2	0.6	0.7	0.8
Net income	1.2	1.6	1.4	1.7	1.7	−0.9	0.2	2.4	2.9	3.1	3.4	1.6	0.6	2.2	3.4	2.5
Diluted EPS	$1.73	$2.20	$1.84	—	—	−$1.37	$0.12	$2.64	$3.03	$3.22	$3.53	$1.48	$0.49	$2.04	$3.23	$2.34
Diluted shares (average)	692m	703m	706m	708m	710m	709m	760m	874m	903m	931m	940m	974m	996m	1,030m	1,038m	1,040m
EBITDA	—	4.5	4.2	4.8	5.0	1.5	3.2	5.2	6.3	6.8	7.0	5.3	3.9	5.8	7.9	7.7

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from TC Energy Corp's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to TC Energy Corp.