TC Energy Past Earnings Performance

Past criteria checks 3/6

TC Energy's earnings have been declining at an average annual rate of -22.2%, while the Oil and Gas industry saw earnings growing at 40.3% annually. Revenues have been growing at an average rate of 2.6% per year. TC Energy's return on equity is 7.9%, and it has net margins of 17.8%.

Key information

-22.2%

Earnings growth rate

-24.2%

EPS growth rate

Oil and Gas Industry Growth	42.1%
Revenue growth rate	2.6%
Return on equity	7.9%
Net Margin	17.8%
Last Earnings Update	31 Dec 2023

Recent past performance updates

Recent updates

TC Energy's (TSE:TRP) Shareholders Will Receive A Bigger Dividend Than Last Year

May 16

TC Energy's (TSE:TRP) Dividend Will Be Increased To CA$0.93

May 02

Returns On Capital At TC Energy (TSE:TRP) Have Stalled

Mar 25

These 4 Measures Indicate That TC Energy (TSE:TRP) Is Using Debt In A Risky Way

Mar 07

TC Energy's (TSE:TRP) Dividend Will Be Increased To CA$0.93

Feb 17

Returns At TC Energy (TSE:TRP) Appear To Be Weighed Down

Dec 14

Here's Why TC Energy (TSE:TRP) Is Weighed Down By Its Debt Load

Nov 16

Calculating The Fair Value Of TC Energy Corporation (TSE:TRP)

Oct 12

TC Energy Corporation's (TSE:TRP) Intrinsic Value Is Potentially 43% Above Its Share Price

Jul 11

Does TC Energy (TSE:TRP) Have A Healthy Balance Sheet?

May 30

Revenue & Expenses Breakdown
Beta

How TC Energy makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

TSX:TRP Revenue, expenses and earnings (CAD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Dec 23	15,934	2,829	114
30 Sep 23	13,732	-81	101
30 Jun 23	14,852	957	101
31 Mar 23	15,405	1,596	101
31 Dec 22	14,977	641	101
30 Sep 22	15,283	3,206	97
30 Jun 22	14,402	3,144	97
31 Mar 22	13,506	3,230	97
31 Dec 21	13,387	1,815	0
30 Sep 21	13,100	1,821	111
30 Jun 21	13,055	1,946	111
31 Mar 21	12,962	2,252	111
31 Dec 20	12,999	4,457	0
30 Sep 20	12,965	4,441	106
30 Jun 20	12,903	4,276	106
31 Mar 20	13,186	4,120	106
31 Dec 19	13,255	3,976	106
30 Sep 19	13,896	3,960	84
30 Jun 19	13,919	4,149	84
31 Mar 19	13,742	3,809	84
31 Dec 18	13,679	3,539	84
30 Sep 18	13,392	3,308	0
30 Jun 18	13,431	2,992	0
31 Mar 18	13,466	3,088	0
31 Dec 17	13,449	2,997	93
30 Sep 17	13,493	1,778	0
30 Jun 17	13,930	1,031	0
31 Mar 17	13,451	515	0
31 Dec 16	12,547	124	0
30 Sep 16	11,737	-1,976	0
30 Jun 16	11,049	-1,439	0
31 Mar 16	10,929	-1,375	0
31 Dec 15	11,353	-1,240	0
30 Sep 15	11,065	1,676	0
30 Jun 15	10,572	1,731	0
31 Mar 15	10,175	1,718	0
31 Dec 14	10,185	1,743	0
30 Sep 14	9,901	1,705	0
30 Jun 14	9,654	1,729	0
31 Mar 14	9,429	1,678	0
31 Dec 13	8,797	1,712	0
30 Sep 13	8,554	1,598	0
30 Jun 13	8,476	1,486	0

Quality Earnings: TRP has a large one-off loss of CA$2.1B impacting its last 12 months of financial results to 31st December, 2023.

Growing Profit Margin: TRP's current net profit margins (17.8%) are higher than last year (4.3%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: TRP's earnings have declined by 22.2% per year over the past 5 years.

Accelerating Growth: TRP's earnings growth over the past year (341.3%) exceeds its 5-year average (-22.2% per year).

Earnings vs Industry: TRP earnings growth over the past year (341.3%) exceeded the Oil and Gas industry -41.4%.

Return on Equity

High ROE: TRP's Return on Equity (7.9%) is considered low.

Return on Assets

Return on Capital Employed

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TC Energy Past Earnings Performance

Past criteria checks 3/6

Key information

Recent past performance updates

Full year 2023 earnings: EPS misses analyst expectations

TC Energy Corporation to Report Q4, 2023 Results on Feb 16, 2024

Third quarter 2023 earnings: EPS misses analyst expectations

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

TC Energy Corporation to Report Q2, 2023 Results on Jul 28, 2023

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Recent updates

TC Energy Corporation, Annual General Meeting, Jun 04, 2024

Tc Energy Corporation Announces Executive Changes

Slowing Rates Of Return At TC Energy (TSE:TRP) Leave Little Room For Excitement

Upcoming dividend of CA$0.96 per share

TC Energy (TSE:TRP) Will Pay A Larger Dividend Than Last Year At CA$0.96

Nisga'a Nation and Western LNG ULC entered into binding letter agreement to acquire Prince Rupert Gas Transmission Holdings Ltd. and Prince Rupert Gas Transmission Limited Partnership from TC Energy Corporation (TSX:TRP).

Fourth quarter dividend increased to CA$0.96

Full year 2023 earnings: EPS misses analyst expectations

TC Energy Corporation Declares Dividend for the Quarter Ending March 31, 2024, Payable on April 30, 2024

TC Energy Corporation to Report Q4, 2023 Results on Feb 16, 2024

TC Energy (TSE:TRP) Use Of Debt Could Be Considered Risky

Now 21% overvalued after recent price rise

TC Energy Reportedly Plans to Discuss Selling Natural Gas Pipeline Stake to Indigenous Groups

Calculating The Fair Value Of TC Energy Corporation (TSE:TRP)

TC Energy Corporation's (TSE:TRP) Shareholders Might Be Looking For Exit

Upcoming dividend of CA$0.93 per share at 7.1% yield

Third quarter 2023 earnings: EPS misses analyst expectations

TC Energy Corporation Appoints John E. Lowe as Chair of the Board, Effective January 1, 2024

TC Energy Reportedly Exploring Stake Sales of Assets Worth $10 Billion

TC Energy Reportedly Exploring Stake Sales of Assets Worth $10 Billion

Returns On Capital At TC Energy (TSE:TRP) Have Hit The Brakes

TC Energy Corporation Appoints Hal Kvisle, as Board Chair of New Liquids Pipelines Company

TC Energy (TSE:TRP) Has No Shortage Of Debt

Upcoming dividend of CA$0.93 per share at 7.4% yield

Independent Director recently bought CA$1.4m worth of stock

New minor risk - Shareholder dilution

Calculating The Fair Value Of TC Energy Corporation (TSE:TRP)

Independent Chairman of the Board recently bought CA$1.8m worth of stock

Price target decreased by 7.5% to CA$55.83

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

TC Energy Corporation Declares Quarterly Dividend on Common Share, Payable on October 31, 2023

TC Energy Corporation to Report Q2, 2023 Results on Jul 28, 2023

TC Energy Corporation's Pumped Storage Project Moving to Final Evaluation

TC Energy Corporation's Pumped Storage Project Moving to Final Evaluation

Returns On Capital At TC Energy (TSE:TRP) Have Stalled

Tc Energy Expects to Appeal Delaware Court Rulings in Lawsuit Related to 2016 Columbia Pipeline Acquisition

Upcoming dividend of CA$0.93 per share at 7.0% yield

Does TC Energy (TSE:TRP) Have A Healthy Balance Sheet?

TC Energy's (TSE:TRP) Shareholders Will Receive A Bigger Dividend Than Last Year

Insider recently bought CA$59k worth of stock

TC Energy Corporation acquired Blue Cloud and Fluanna I from Copenhagen Infra Partners II managed by Copenhagen Infrastructure Partners P/S.

TC Energy's (TSE:TRP) Dividend Will Be Increased To CA$0.93

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Returns On Capital At TC Energy (TSE:TRP) Have Stalled

Upcoming dividend of CA$0.93 per share at 7.2% yield

Insider recently bought CA$97k worth of stock

These 4 Measures Indicate That TC Energy (TSE:TRP) Is Using Debt In A Risky Way

CEO, President & Director recently bought CA$358k worth of stock

Executive VP recently bought CA$57k worth of stock

TC Energy's (TSE:TRP) Dividend Will Be Increased To CA$0.93

TC Energy Corporation Declares Dividend for the Quarter Ending March 31, 2023, Payable on April 28, 2023

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

TC Energy Provides Coastal Gaslink Project Update

TC Energy Corporation to Report Q4, 2022 Results on Feb 14, 2023

Insider recently bought CA$150k worth of stock

Upcoming dividend of CA$0.90 per share

Returns At TC Energy (TSE:TRP) Appear To Be Weighed Down

Now 21% undervalued after recent price drop

Insider recently sold CA$114k worth of stock

Here's Why TC Energy (TSE:TRP) Is Weighed Down By Its Debt Load

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

TC Energy Corporation Declares Dividend for the Quarter Ending December 31, 2022. Payable on January 31, 2023

TC Energy Corporation to Report Q3, 2022 Results on Nov 09, 2022

Calculating The Fair Value Of TC Energy Corporation (TSE:TRP)

Independent Director recently bought CA$678k worth of stock

President of Liquids Pipelines. recently bought CA$65k worth of stock

Now 21% undervalued after recent price drop

President of Liquids Pipelines. recently bought CA$65k worth of stock

Upcoming dividend of CA$0.90 per share

Revenue & Expenses Breakdown
Beta