TC Energy Corporation (TRP) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 4.24B | 4.07B | 3.7B | 3.74B | 3.62B | 1.36B | 4.08B | 3.33B | 3.51B | 4.24B | 3.94B | 3.83B | 3.93B | 4.04B | 3.8B | 3.64B | 3.5B | 3.58B | 3.24B | 3.18B |
| Revenue Growth % | 17.14% | 199.39% | -9.28% | 12.53% | 3.25% | -67.89% | 3.63% | -13.13% | -10.67% | 4.83% | 3.71% | 5.31% | 12.23% | 12.75% | 17.25% | 14.3% | 3.52% | 8.7% | 1.41% | 3.01% |
| Cost of Goods Sold | 1.84B | 2.05B | 1.91B | 1.9B | 1.74B | 585M | 2.24B | 1.75B | 1.71B | 2.2B | 2.14B | 2.02B | 1.82B | 2.19B | 2.12B | 1.98B | 1.76B | 1.81B | 1.77B | 1.59B |
| COGS % of Revenue | 43.3% | 50.31% | 51.46% | 50.8% | 47.97% | 43.01% | 54.89% | 52.72% | 48.59% | 52.03% | 54.29% | 52.69% | 46.36% | 54.1% | 55.88% | 54.47% | 50.29% | 50.61% | 54.63% | 50.03% |
| Gross Profit | 2.41B | 2.02B | 1.8B | 1.84B | 1.89B | 775M | 1.84B | 1.57B | 1.8B | 2.03B | 1.8B | 1.81B | 2.11B | 1.85B | 1.68B | 1.66B | 1.74B | 1.77B | 1.47B | 1.59B |
| Gross Margin % | 56.7% | 49.69% | 48.54% | 49.2% | 52.03% | 56.99% | 45.11% | 47.28% | 51.41% | 47.97% | 45.71% | 47.31% | 53.64% | 45.9% | 44.12% | 45.53% | 49.71% | 49.39% | 45.37% | 49.97% |
| Gross Profit Growth % | 27.65% | 161.08% | -2.39% | 17.1% | 4.49% | -61.86% | 2.28% | -13.19% | -14.38% | 9.54% | 7.46% | 9.42% | 21.09% | 4.8% | 14.01% | 4.15% | -5.95% | 10.9% | -4.92% | 4.54% |
| Operating Expenses | 194.5M | 223.82M | 215M | 218M | 224M | 123M | 235M | 210M | 196M | 230M | 218M | 222M | 227M | 214M | 214M | 213M | 207M | 191M | 191M | 196M |
| OpEx % of Revenue | 4.58% | 5.5% | 5.8% | 5.82% | 6.18% | 9.04% | 5.76% | 6.31% | 5.59% | 5.43% | 5.53% | 5.8% | 5.78% | 5.3% | 5.63% | 5.86% | 5.91% | 5.33% | 5.9% | 6.16% |
| Selling, General & Admin | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 2.21B | 1.8B | 1.58B | 1.62B | 1.66B | 652M | 1.61B | 1.36B | 1.61B | 1.8B | 1.58B | 1.59B | 1.88B | 1.64B | 1.46B | 1.44B | 1.53B | 1.58B | 1.28B | 1.39B |
| Operating Margin % | 52.11% | 44.2% | 42.74% | 43.38% | 45.85% | 47.94% | 39.36% | 40.97% | 45.82% | 42.54% | 40.18% | 41.51% | 47.86% | 40.61% | 38.48% | 39.68% | 43.8% | 44.06% | 39.48% | 43.81% |
| Operating Income Growth % | 33.15% | 176% | -1.49% | 19.15% | 3.3% | -63.82% | 1.52% | -14.28% | -14.47% | 9.81% | 8.28% | 10.19% | 22.64% | 3.93% | 14.31% | 3.52% | -7.32% | 11.35% | -6.78% | 5.45% |
| EBITDA | 2.94B | 2.52B | 2.28B | 2.29B | 2.34B | 1.29B | 2.32B | 2.08B | 2.33B | 2.52B | 2.27B | 2.28B | 2.56B | 2.31B | 2.12B | 2.08B | 2.16B | 2.21B | 1.89B | 2.03B |
| EBITDA Margin % | 69.19% | 61.84% | 61.66% | 61.3% | 64.56% | 94.93% | 56.82% | 62.52% | 66.32% | 59.47% | 57.69% | 59.63% | 65.1% | 57.19% | 55.67% | 57.14% | 61.69% | 61.75% | 58.3% | 63.7% |
| EBITDA Growth % | 25.55% | 95.04% | -1.55% | 10.34% | 0.52% | -48.75% | 2.07% | -8.93% | -8.99% | 9% | 7.47% | 9.91% | 18.43% | 4.43% | 11.96% | 2.52% | -6.09% | 6.91% | -7.63% | 3.58% |
| D&A (Non-Cash Add-back) | 724.87M | 718.41M | 701M | 671M | 678M | 639M | 713M | 717M | 719M | 717M | 690M | 694M | 677M | 670M | 653M | 635M | 626M | 634M | 610M | 633M |
| EBIT | 2.25B | 2.29B | 2.01B | 2.07B | 2.06B | 1.42B | 2.63B | 1.74B | 2.05B | 2.43B | 662M | 1.18B | 2.32B | -849M | 1.54B | 1.64B | 1.23B | 1.9B | 1.47B | 1.69B |
| Net Interest Income | -798.06M | -816.33M | -746M | -684M | -541M | -251M | -537M | -531M | -548M | -592M | -638M | -627M | -589M | -586M | -515M | -534M | -470M | -680M | -424M | -361M |
| Interest Income | 39.1M | 52.96M | 47M | 49M | 51M | 307M | 89M | 68M | 75M | 15M | 63M | 16M | 42M | 21M | 35M | 23M | 35M | -141M | 91M | 158M |
| Interest Expense | 837.16M | 869.29M | 793M | 733M | 592M | 558M | 626M | 599M | 623M | 607M | 701M | 643M | 631M | 607M | 550M | 557M | 505M | 539M | 515M | 519M |
| Other Income/Expense | -803.07M | -376.69M | -370M | -285M | -193M | 213M | 395M | -225M | -182M | 22M | -1.62B | -1.05B | -192M | -3.06B | -470M | -364M | -810M | -143M | -326M | -227M |
| Pretax Income | 1.41B | 1.42B | 1.21B | 1.34B | 1.47B | 865M | 2B | 1.14B | 1.43B | 1.82B | -39M | 537M | 1.69B | -1.42B | 992M | 1.08B | 723M | 1.44B | 953M | 1.17B |
| Pretax Margin % | 33.19% | 34.94% | 32.75% | 35.76% | 40.52% | 63.6% | 49.03% | 34.21% | 40.64% | 43.06% | -0.99% | 14.02% | 42.97% | -35.14% | 26.11% | 29.67% | 20.66% | 40.07% | 29.41% | 36.68% |
| Income Tax | 254.66M | 262.79M | 245M | 337M | 293M | 78M | 351M | 148M | 244M | 209M | 134M | 258M | 341M | -4M | 122M | 148M | 323M | 278M | 135M | 147M |
| Effective Tax Rate % | 18.08% | 18.47% | 20.2% | 25.17% | 19.96% | 9.02% | 17.53% | 13.01% | 17.11% | 11.46% | -343.59% | 48.04% | 20.2% | 0.28% | 12.3% | 13.72% | 44.67% | 19.36% | 14.17% | 12.6% |
| Net Income | 929.4M | 1.01B | 637M | 861M | 1.01B | 999M | 1.48B | 990M | 1.23B | 1.49B | -174M | 273M | 1.34B | -1.43B | 862M | 922M | 389M | 1.15B | 810M | 1.01B |
| Net Margin % | 21.9% | 24.91% | 17.2% | 23% | 27.77% | 73.46% | 36.32% | 29.76% | 34.94% | 35.1% | -4.42% | 7.13% | 34.01% | -35.26% | 22.69% | 25.35% | 11.11% | 32.09% | 25% | 31.87% |
| Net Income Growth % | -7.61% | 1.52% | -57.05% | -13.03% | -17.94% | -32.82% | 952.3% | 262.64% | -8.23% | 204.35% | -120.19% | -70.39% | 243.44% | -223.91% | 6.42% | -9.07% | 138.17% | -1.12% | -14.1% | -23.24% |
| Net Income (Continuing) | 1.15B | 1.16B | 968M | 1B | 1.18B | 787M | 1.65B | 990M | 1.18B | 1.61B | -173M | 279M | 1.35B | -1.42B | 870M | 931M | 400M | 1.16B | 818M | 1.02B |
| Discontinued Operations | 0 | 1000K | -1000K | -1000K | 0 | 0 | 0 | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 9.65B | 9.6B | 10.11B | 9.86B | 10.75B | 10.77B | 10.02B | 10.37B | 9.57B | 9.46B | 321M | 324M | 222M | 126M | 130M | 123M | 124M | 125M | 124M | 122M |
| EPS (Diluted) | 0.86 | 0.95 | 0.58 | 0.80 | 0.94 | 0.94 | 1.41 | 0.93 | 1.16 | 1.41 | -0.17 | 0.24 | 1.29 | -1.39 | 0.84 | 0.90 | 0.36 | 1.14 | 0.80 | 1.00 |
| EPS Growth % | -8.51% | 1.06% | -58.87% | -13.98% | -18.97% | -33.33% | 929.41% | 287.5% | -10.08% | 201.44% | -120.24% | -73.33% | 258.33% | -221.93% | 5% | -10% | 133.64% | -5% | -16.67% | -26.47% |
| EPS (Basic) | 0.86 | 0.95 | 0.58 | 0.80 | 0.94 | 0.94 | 1.37 | 0.90 | 1.16 | 1.41 | -0.17 | 0.24 | 1.29 | -1.39 | 0.84 | 0.90 | 0.36 | 1.14 | 0.80 | 1.00 |
| Diluted Shares Outstanding | 1.04B | 1.04B | 1.04B | 1.04B | 1.04B | 1.04B | 1.04B | 1.04B | 1.04B | 1.04B | 1.03B | 1.03B | 1.02B | 1.02B | 1B | 984M | 981M | 981M | 979M | 979M |
| Basic Shares Outstanding | 1.04B | 1.04B | 1.04B | 1.04B | 1.04B | 1.04B | 1.07B | 1.04B | 1.04B | 1.04B | 914.16M | 1.14B | 1.04B | 998.93M | 1.03B | 1.02B | 1.08B | 1.01B | 1.02B | 1.02B |
| Dividend Payout Ratio | 68.38% | 87.16% | 138.93% | 102.56% | 84.99% | 99.7% | 49.64% | 73.51% | 58.1% | 64.9% | - | 215.38% | 48.73% | - | 74.19% | 74.53% | 219.28% | 74.09% | 105.19% | 84.02% |