TC Energy Past Earnings Performance
Past criteria checks 4/6
TC Energy's earnings have been declining at an average annual rate of -18.4%, while the Oil and Gas industry saw earnings growing at 38.8% annually. Revenues have been growing at an average rate of 4.3% per year. TC Energy's return on equity is 9.8%, and it has net margins of 20.8%.
Key information
-18.4%
Earnings growth rate
-21.0%
EPS growth rate
| Oil and Gas Industry Growth | 42.1% |
| Revenue growth rate | 4.3% |
| Return on equity | 9.8% |
| Net Margin | 20.8% |
| Last Earnings Update | 30 Jun 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How TC Energy makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Jun 24 | 16,504 | 3,432 | 114 | 0 |
| 31 Mar 24 | 16,249 | 2,719 | 114 | 0 |
| 31 Dec 23 | 15,934 | 2,829 | 114 | 0 |
| 30 Sep 23 | 14,037 | -81 | 101 | 0 |
| 30 Jun 23 | 15,157 | 957 | 101 | 0 |
| 31 Mar 23 | 15,405 | 1,596 | 101 | 0 |
| 31 Dec 22 | 14,977 | 641 | 101 | 0 |
| 30 Sep 22 | 15,283 | 3,206 | 97 | 0 |
| 30 Jun 22 | 14,402 | 3,144 | 97 | 0 |
| 31 Mar 22 | 13,506 | 3,230 | 97 | 0 |
| 31 Dec 21 | 13,387 | 1,815 | 0 | 0 |
| 30 Sep 21 | 13,100 | 1,821 | 111 | 0 |
| 30 Jun 21 | 13,055 | 1,946 | 111 | 0 |
| 31 Mar 21 | 12,962 | 2,252 | 111 | 0 |
| 31 Dec 20 | 12,999 | 4,457 | 0 | 0 |
| 30 Sep 20 | 12,965 | 4,441 | 106 | 0 |
| 30 Jun 20 | 12,903 | 4,276 | 106 | 0 |
| 31 Mar 20 | 13,186 | 4,120 | 106 | 0 |
| 31 Dec 19 | 13,255 | 3,976 | 106 | 0 |
| 30 Sep 19 | 13,896 | 3,960 | 84 | 0 |
| 30 Jun 19 | 13,919 | 4,149 | 84 | 0 |
| 31 Mar 19 | 13,742 | 3,809 | 84 | 0 |
| 31 Dec 18 | 13,679 | 3,539 | 84 | 0 |
| 30 Sep 18 | 13,392 | 3,308 | 0 | 0 |
| 30 Jun 18 | 13,431 | 2,992 | 0 | 0 |
| 31 Mar 18 | 13,466 | 3,088 | 0 | 0 |
| 31 Dec 17 | 13,449 | 2,997 | 93 | 0 |
| 30 Sep 17 | 13,493 | 1,778 | 0 | 0 |
| 30 Jun 17 | 13,930 | 1,031 | 0 | 0 |
| 31 Mar 17 | 13,451 | 515 | 0 | 0 |
| 31 Dec 16 | 12,547 | 124 | 0 | 0 |
| 30 Sep 16 | 11,737 | -1,976 | 0 | 0 |
| 30 Jun 16 | 11,049 | -1,439 | 0 | 0 |
| 31 Mar 16 | 10,929 | -1,375 | 0 | 0 |
| 31 Dec 15 | 11,353 | -1,240 | 0 | 0 |
| 30 Sep 15 | 11,065 | 1,676 | 0 | 0 |
| 30 Jun 15 | 10,572 | 1,731 | 0 | 0 |
| 31 Mar 15 | 10,175 | 1,718 | 0 | 0 |
| 31 Dec 14 | 10,185 | 1,743 | 0 | 0 |
| 30 Sep 14 | 9,901 | 1,705 | 0 | 0 |
| 30 Jun 14 | 9,654 | 1,729 | 0 | 0 |
| 31 Mar 14 | 9,429 | 1,678 | 0 | 0 |
| 31 Dec 13 | 8,797 | 1,712 | 0 | 0 |
| 30 Sep 13 | 8,554 | 1,598 | 0 | 0 |
Quality Earnings: TRP.PRC has high quality earnings.
Growing Profit Margin: TRP.PRC's current net profit margins (20.8%) are higher than last year (6.3%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: TRP.PRC's earnings have declined by 18.4% per year over the past 5 years.
Accelerating Growth: TRP.PRC's earnings growth over the past year (258.6%) exceeds its 5-year average (-18.4% per year).
Earnings vs Industry: TRP.PRC earnings growth over the past year (258.6%) exceeded the Oil and Gas industry -36.7%.
Return on Equity
High ROE: TRP.PRC's Return on Equity (9.8%) is considered low.