TC Energy Past Earnings Performance
Past criteria checks 3/6
TC Energy's earnings have been declining at an average annual rate of -21.4%, while the Oil and Gas industry saw earnings growing at 36.8% annually. Revenues have been growing at an average rate of 3.4% per year. TC Energy's return on equity is 7.9%, and it has net margins of 16.7%.
Key information
-21.4%
Earnings growth rate
-23.7%
EPS growth rate
Oil and Gas Industry Growth | 33.7% |
Revenue growth rate | 3.4% |
Return on equity | 7.9% |
Net Margin | 16.7% |
Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Recent updates
7%-Yielding TC Energy May Be One Of The Best Income Plays On The Market
Mar 20TC Energy: Series 7 Preferred Shares Ready For Takeoff
Mar 07TC Energy: Massive Q4 Beat And 3% Dividend Increase
Feb 16TC Energy: A Solid 7% Yield With 23 Years Of Consecutive Raises
Feb 01TC Energy: May Be A Value Trap
Jan 11TC Energy: Preferreds Offer Big Yields With Large Premium Over Debt
Dec 08With A 7.5% Yield, And An Upcoming Spinoff, TC Energy Is Attractive
Nov 08TC Energy Preferred Stocks: Better Than Any U.S. Preferred Stocks
Oct 23TC Energy: Not Every Falling Knife Is Worth Catching
Oct 05Why TC Energy Is A Better Buy Than Enbridge
Sep 26TC Energy: Growth Business Strategy And Attractive 7.5% Dividend Yield Make Stock Appealing
Sep 05TC Energy: A High Yield And Growing Dividend Pipeline Play
Aug 16It's The Best Time In 23 Years To Buy 8% Yielding TC Energy
Aug 03TC Energy Shares Have Fallen Too Far (Rating Upgrade)
Jul 27TC Energy: High Yield And Exposure To The Energy Transition
Jun 26TC Energy Has Substantial Catalysts
May 24TC Energy lifts dividend by 3.3% to CAD 0.93/share
Feb 14Better High-Yield Midstream Buy: Enbridge Or TC Energy?
Jan 19TC Energy: Upcoming Earnings Call Should Be Key Catalyst
Jan 12TC Energy: Buy The Drop On This High Yield
Dec 15TC Energy Q3 2022 Earnings Preview
Nov 08TC Energy: A Great 6% Yield From This Energy Giant
Sep 19TC Energy declares CAD 0.90 dividend
Jul 28Revenue & Expenses BreakdownBeta
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 |
---|---|---|---|---|
31 Mar 24 | 16,315 | 2,719 | 114 | 0 |
31 Dec 23 | 15,934 | 2,829 | 114 | 0 |
30 Sep 23 | 13,732 | -81 | 101 | 0 |
30 Jun 23 | 14,852 | 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 |
30 Jun 13 | 8,476 | 1,486 | 0 | 0 |
Quality Earnings: TRP has a large one-off loss of CA$2.1B impacting its last 12 months of financial results to 31st March, 2024.
Growing Profit Margin: TRP's current net profit margins (16.7%) are higher than last year (10.4%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: TRP's earnings have declined by 21.4% per year over the past 5 years.
Accelerating Growth: TRP's earnings growth over the past year (70.4%) exceeds its 5-year average (-21.4% per year).
Earnings vs Industry: TRP earnings growth over the past year (70.4%) exceeded the Oil and Gas industry -25.4%.
Return on Equity
High ROE: TRP's Return on Equity (7.9%) is considered low.