TC ENERGY CORP

TRP · XNYS

CIK 1232384fmd_19FF5949NY5FAJ2KRSN7381383Transportation, Communications, Electric, Gas and Sanitary Services · Natural Gas TransmissionTemplate: Utilities

Coverage: Jan 01, 2010 to Dec 31, 2025, 17 periods

Income Statement · Annual · Millions · CAD
Line item	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Total revenues	12,547	13,449	13,679	13,255	12,999	13,387	12,309	13,267	13,771	15,239
Rental revenue	–	251	373	–	–	–	–	–	–	–
Fuel and purchased power	2,172	2,382	–	–	–	–	–	–	–	–
Cost of revenue	2,172	2,382	1,486	365	0	87	22	80	217	208
Provision for credit losses	–	–	–	–	0	0	163	(83)	(22)	83
Real estate taxes	555	569	569	727	727	774	727	781	820	881
Gross profit	10,375	11,067	12,193	12,886	12,999	13,300	12,287	13,187	13,554	15,031
Depreciation and amortization	1,939	2,055	2,350	2,464	2,590	2,522	2,584	2,778	2,788	2,769
Operating income	2,313	4,684	5,764	6,585	6,773	4,059	2,450	5,097	7,964	8,036
Interest expense	1,998	2,069	2,265	2,333	2,228	2,360	2,300	2,966	3,019	3,407
Interest and investment income	103	184	–	–	–	–	–	–	–	–
Other non-operating income (expense)	103	184	(76)	460	185	190	140	272	324	205
Income before taxes	837	3,306	3,949	5,187	5,107	2,166	474	3,298	5,906	5,444
Income tax expense	352	(89)	432	754	194	120	322	842	922	1,138
Net income from continuing operations	485	3,395	3,517	4,433	4,913	2,046	152	2,456	4,984	4,306
Net income	233	3,157	3,702	4,140	4,616	1,955	748	2,922	4,698	3,519
Net income to common shareholders	124	2,997	3,539	3,976	4,457	1,815	641	2,829	4,594	3,400