TC Energy Corporation

NYSE:TRP Stock Report

Market Cap: US$47.5b

TC Energy Past Earnings Performance

Past criteria checks 2/6

TC Energy's earnings have been declining at an average annual rate of -11.3%, while the Oil and Gas industry saw earnings growing at 40.4% annually. Revenues have been growing at an average rate of 5.3% per year. TC Energy's return on equity is 14.4%, and it has net margins of 30.6%.

Key information

-11.3%

Earnings growth rate

-14.2%

EPS growth rate

Oil and Gas Industry Growth33.7%
Revenue growth rate5.3%
Return on equity14.4%
Net Margin30.6%
Last Earnings Update30 Sep 2024

Recent past performance updates

Recent updates

Pipelines Of Prosperity: TC Energy's 4.8% Yield Is Just The Beginning

Nov 27

TC Energy: Liquids Spin-Off Creates A Premier Gas Midstream

Nov 12

TC Energy: 6% Yield Amidst A North American Energy Boom

Sep 25

TC Energy: Buy This 6.3% Yielding Dividend Aristocrat Before Everyone Else Does

Aug 29

TC Energy: Growth Focused MLP With Signs Of Becoming A Stable Cash Cow

Aug 22

TC Energy: Get Paid 6.4% To Own Low-Risk Mission-Critical Pipelines

Aug 15

TC Energy: The Issue With Leverage Makes This A Suboptimal Choice

Jul 02

Why 7.5%-Yielding TC Energy Is A Compelling Investment For Value Investors?

May 08

7%-Yielding TC Energy May Be One Of The Best Income Plays On The Market

Mar 20

TC Energy: Series 7 Preferred Shares Ready For Takeoff

Mar 07

TC Energy: Massive Q4 Beat And 3% Dividend Increase

Feb 16

TC Energy: A Solid 7% Yield With 23 Years Of Consecutive Raises

Feb 01

TC Energy: May Be A Value Trap

Jan 11

TC Energy: Preferreds Offer Big Yields With Large Premium Over Debt

Dec 08

With A 7.5% Yield, And An Upcoming Spinoff, TC Energy Is Attractive

Nov 08

TC Energy Preferred Stocks: Better Than Any U.S. Preferred Stocks

Oct 23

TC Energy: Not Every Falling Knife Is Worth Catching

Oct 05

Why TC Energy Is A Better Buy Than Enbridge

Sep 26

TC Energy: Growth Business Strategy And Attractive 7.5% Dividend Yield Make Stock Appealing

Sep 05

TC Energy: A High Yield And Growing Dividend Pipeline Play

Aug 16

It's The Best Time In 23 Years To Buy 8% Yielding TC Energy

Aug 03

TC Energy Shares Have Fallen Too Far (Rating Upgrade)

Jul 27

TC Energy: High Yield And Exposure To The Energy Transition

Jun 26

TC Energy Has Substantial Catalysts

May 24

TC Energy lifts dividend by 3.3% to CAD 0.93/share

Feb 14

Better High-Yield Midstream Buy: Enbridge Or TC Energy?

Jan 19

TC Energy: Upcoming Earnings Call Should Be Key Catalyst

Jan 12

TC Energy: Buy The Drop On This High Yield

Dec 15

Revenue & Expenses Breakdown

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

Earnings and Revenue History

NYSE:TRP Revenue, expenses and earnings (CAD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 2416,6475,0861140
30 Jun 2416,5043,4321140
31 Mar 2416,2492,7191140
31 Dec 2315,9342,8291140
30 Sep 2314,976-811010
30 Jun 2315,1579571010
31 Mar 2315,4051,5961010
31 Dec 2214,9776411010
30 Sep 2215,2833,206970
30 Jun 2214,4023,144970
31 Mar 2213,5063,230970
31 Dec 2113,3871,81500
30 Sep 2113,1001,8211110
30 Jun 2113,0551,9461110
31 Mar 2112,9622,2521110
31 Dec 2012,9994,45700
30 Sep 2012,9654,4411060
30 Jun 2012,9034,2761060
31 Mar 2013,1864,1201060
31 Dec 1913,2553,9761060
30 Sep 1913,8963,960840
30 Jun 1913,9194,149840
31 Mar 1913,7423,809840
31 Dec 1813,6793,539840
30 Sep 1813,3923,30800
30 Jun 1813,4312,99200
31 Mar 1813,4663,08800
31 Dec 1713,4492,997930
30 Sep 1713,4931,77800
30 Jun 1713,9301,03100
31 Mar 1713,45151500
31 Dec 1612,54712400
30 Sep 1611,737-1,97600
30 Jun 1611,049-1,43900
31 Mar 1610,929-1,37500
31 Dec 1511,353-1,24000
30 Sep 1511,0651,67600
30 Jun 1510,5721,73100
31 Mar 1510,1751,71800
31 Dec 1410,1851,74300
30 Sep 149,9011,70500
30 Jun 149,6541,72900
31 Mar 149,4291,67800
31 Dec 138,7971,71200

Quality Earnings: TRP has high quality earnings.

Growing Profit Margin: TRP became profitable in the past.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: TRP's earnings have declined by 11.3% per year over the past 5 years.

Accelerating Growth: TRP has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: TRP has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-14.2%).

Return on Equity

High ROE: TRP's Return on Equity (14.4%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 09:02
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

TC Energy Corporation is covered by 44 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Harshit GuptaAccountability Research Corporation
Nathan HeywoodATB Capital Markets
Theresa ChenBarclays