TC Energy Corporation (TRP) Earnings History
Annual and quarterly earnings data from 2000 to 2025
Loading earnings history...
TRP EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
TRP Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 50.0% | 44.2% | 23.2% |
| 2024 | 48.0% | 42.0% | 34.1% |
| 2023 | 50.3% | 44.4% | 22.0% |
| 2022 | 47.1% | 41.2% | 6.1% |
| 2021 | 49.9% | 44.1% | 14.6% |
Download Data
Export TRP earnings history in CSV or JSON format
Free sign-in required to download data
TC Energy Corporation (TRP) Earnings Overview
As of May 8, 2026, TC Energy Corporation (TRP) reported trailing twelve-month net income of $3.52B, reflecting -26.2% year-over-year growth. The company earned $3.38 per diluted share over the past four quarters, with a net profit margin of 23.2%.
Looking at the long-term picture, TRP's 5-year EPS compound annual growth rate (CAGR) stands at -7.2%, signaling declining earnings. The company achieved its highest annual net income of $4.70B in fiscal 2024.
TC Energy Corporation maintains industry-leading profitability with a gross margin of 50.0%, operating margin of 44.2%, and net margin of 23.2%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including ENB ($11.80B net income, 18.1% margin), KMI ($3.31B net income, 18.0% margin), WMB ($2.84B net income, 21.9% margin), TRP has outperformed on profitability metrics. Compare TRP vs ENB →
TRP Earnings vs Peers
Earnings metrics vs comparable public companies
TRP Historical Earnings Data (2000–2025)
26 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $3.52B | -25.2% | $6.72B | $3.27 | 23.2% | 44.2% |
| 2024 | $4.70B | +60.8% | $5.79B | $4.43 | 34.1% | 42.0% |
| 2023 | $2.92B | +290.6% | $5.89B | $2.75 | 22.0% | 44.4% |
| 2022 | $748M | -61.7% | $5.07B | $0.64 | 6.1% | 41.2% |
| 2021 | $1.96B | -57.6% | $5.91B | $1.86 | 14.6% | 44.1% |
| 2020 | $4.62B | +11.5% | $5.80B | $4.74 | 35.5% | 44.6% |
| 2019 | $4.14B | +11.8% | $5.79B | $4.27 | 31.2% | 43.7% |
| 2018 | $3.70B | +17.3% | $5.68B | $4.10 | 27.1% | 41.5% |
| 2017 | $3.16B | +1254.9% | $4.54B | $3.43 | 23.5% | 33.7% |
| 2016 | $233M | +120.3% | $4.02B | $0.16 | 1.9% | 32.1% |
Full TRP Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
See TRP's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs TRP Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare TRP vs SOC
Side-by-side business, growth, and profitability comparison vs Sable Offshore Corp..
Start ComparisonTRP — Frequently Asked Questions
Quick answers to the most common questions about buying TRP stock.
Is TRP growing earnings?
TRP EPS fell to $3.38, with earnings declining -26.2%. This contrasts with the 5-year CAGR of -7.2%. TTM net income dropped to $3.5B.
What are TRP's profit margins?
TC Energy Corporation net margin is +23.2%, with operating margin at +44.2%. Above-average margins indicate pricing power.
How consistent are TRP's earnings?
TRP earnings data spans 2000-2025. The declining earnings trend is -26.2% YoY. Historical data enables comparison across business cycles.