TC Energy Corp Net Income

TRP Stock  USD 61.35  0.43  0.71%   
As of the 12th of February 2026, TC Energy owns the market risk adjusted performance of 3.09, and Standard Deviation of 1.18. In connection with fundamental indicators, the technical analysis model makes it possible for you to check timely technical drivers of TC Energy Corp, as well as the relationship between them.

TC Energy Total Revenue

9.71 Billion

Analyzing historical trends in various income statement and balance sheet accounts from TC Energy's financial statements helps investors evaluate the company's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting TC Energy's valuation are summarized below:
Gross Profit
10 B
Profit Margin
0.2392
Market Capitalization
62.3 B
Enterprise Value Revenue
9.9996
Revenue
14.6 B
There are currently one hundred twenty fundamental measures for TC Energy that can be evaluated and compared over time across peers in the sector. Investors and active traders are advised to double-check TC Energy's latest fundamental performance against the performance between 2010 and 2026 to make sure the trends are evolving in the right direction. As of 02/12/2026, Market Cap is likely to grow to about 30.3 B, while Enterprise Value is likely to drop slightly above 31.2 B. This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.
Last ReportedProjected for Next Year
Net Income6.2 B6.5 B
Net Income From Continuing Ops5.7 BB
Net Income Applicable To Common Shares5.3 B5.5 B
Net Income Per Share 4.07  4.28 
Net Income Per E B T 0.72  0.62 
At this time, TC Energy's Net Income is relatively stable compared to the past year. As of 02/12/2026, Net Income From Continuing Ops is likely to grow to about 6 B, while Net Income Per E B T is likely to drop 0.62.
  
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Evaluating TC Energy's Net Income across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into TC Energy Corp's fundamental strength.

Latest TC Energy's Net Income Growth Pattern

Below is the plot of the Net Income of TC Energy Corp over the last few years. Net income is one of the most important fundamental items in finance. It plays a large role in TC Energy Corp financial statement analysis. It represents the amount of money remaining after all of TC Energy Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. It is TC Energy's Net Income historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in TC Energy's overall financial position and show how it may be relating to other accounts over time.
ViewLast Reported 5.38 B10 Years Trend
Slightly volatile
   Net Income   
       Timeline  

TRP Net Income Regression Statistics

Arithmetic Mean2,525,858,832
Coefficient Of Variation78.17
Mean Deviation1,659,254,629
Median1,955,000,000
Standard Deviation1,974,420,487
Sample Variance3898336.3T
Range6.8B
R-Value0.69
Mean Square Error2168930T
R-Squared0.48
Significance0
Slope270,436,419
Total Sum of Squares62373380.2T

TRP Net Income History

20265.7 B
20255.4 B
20244.7 B
20232.9 B
2022748 M
2021B
20204.6 B

Other Fundumenentals of TC Energy Corp

TC Energy Net Income component correlations

TRP Net Income Driver Correlations

Understanding the fundamental principles of building solid financial models for TC Energy is extremely important. It helps to project a fair market value of TRP Stock properly, considering its historical fundamentals such as Net Income. Since TC Energy's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of TC Energy's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of TC Energy's interrelated accounts and indicators.
Can Oil & Gas Storage & Transportation industry sustain growth momentum? Does TRP have expansion opportunities? Factors like these will boost the valuation of TC Energy. If investors know TRP will grow in the future, the company's valuation will be higher. Determining accurate worth demands scrutiny of both present operating results and projected expansion capacity. Evaluating TC Energy demands reviewing these metrics collectively while recognizing certain factors exert disproportionate influence.
Quarterly Earnings Growth
(0.58)
Dividend Share
3.373
Earnings Share
2.6
Revenue Per Share
14.091
Quarterly Revenue Growth
0.103
Understanding TC Energy Corp requires distinguishing between market price and book value, where the latter reflects TRP's accounting equity. The concept of intrinsic value - what TC Energy's is actually worth based on fundamentals - guides informed investors toward better entry and exit points. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. Market sentiment, economic cycles, and investor behavior can push TC Energy's price substantially above or below its fundamental value.
Please note, there is a significant difference between TC Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if TC Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. In contrast, TC Energy's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.

TC Energy 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to TC Energy's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of TC Energy.
0.00
11/14/2025
No Change 0.00  0.0 
In 3 months and 1 day
02/12/2026
0.00
If you would invest  0.00  in TC Energy on November 14, 2025 and sell it all today you would earn a total of 0.00 from holding TC Energy Corp or generate 0.0% return on investment in TC Energy over 90 days. TC Energy is related to or competes with Performance Shipping, Pyxis Tankers, Vantage Corp, Intercont Limited, Globus Maritime, Castor Maritime, and XTI Aerospace. TC Energy Corporation operates as an energy infrastructure company in North America More

TC Energy Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure TC Energy's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess TC Energy Corp upside and downside potential and time the market with a certain degree of confidence.

TC Energy Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for TC Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TC Energy's standard deviation. In reality, there are many statistical measures that can use TC Energy historical prices to predict the future TC Energy's volatility.
Hype
Prediction
LowEstimatedHigh
60.1261.2162.30
Details
Intrinsic
Valuation
LowRealHigh
59.7360.8261.91
Details
23 Analysts
Consensus
LowTargetHigh
47.1551.8257.52
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.840.941.14
Details

TC Energy February 12, 2026 Technical Indicators

TC Energy Corp Backtested Returns

TC Energy appears to be very steady, given 3 months investment horizon. TC Energy Corp retains Efficiency (Sharpe Ratio) of 0.18, which indicates the company had a 0.18 % return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for TC Energy, which you can use to evaluate the volatility of the entity. Please review TC Energy's standard deviation of 1.18, and Market Risk Adjusted Performance of 3.09 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, TC Energy holds a performance score of 14. The firm owns a Beta (Systematic Risk) of 0.0973, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TC Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding TC Energy is expected to be smaller as well. Please check TC Energy's value at risk, and the relationship between the information ratio and kurtosis , to make a quick decision on whether TC Energy's current price history will revert.

Auto-correlation

    
  0.57  

Modest predictability

TC Energy Corp has modest predictability. Overlapping area represents the amount of predictability between TC Energy time series from 14th of November 2025 to 29th of December 2025 and 29th of December 2025 to 12th of February 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of TC Energy Corp price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current TC Energy price fluctuation can be explain by its past prices.
Correlation Coefficient0.57
Spearman Rank Test0.44
Residual Average0.0
Price Variance5.3
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Competition

TRP Accumulated Other Comprehensive Income

Accumulated Other Comprehensive Income

220.19 Million

At this time, TC Energy's Accumulated Other Comprehensive Income is relatively stable compared to the past year.
Based on the recorded statements, TC Energy Corp reported net income of 5.38 B. This is 136.77% higher than that of the Oil, Gas & Consumable Fuels sector and significantly higher than that of the Energy industry. The net income for all United States stocks is significantly lower than that of the firm.

TRP Net Income Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses TC Energy's direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of TC Energy could also be used in its relative valuation, which is a method of valuing TC Energy by comparing valuation metrics of similar companies.
TC Energy is currently under evaluation in net income category among its peers.

TC Energy ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, TC Energy's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to TC Energy's managers, analysts, and investors.
Environmental
Governance
Social

TC Energy Institutional Holders

Institutional Holdings refers to the ownership stake in TC Energy that is held by large financial organizations, pension funds or endowments. Institutions may hold large blocks of TC Energy's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing TC Energy's value.
Shares
The Toronto-dominion Bank2025-06-30
17.8 M
Bank Of Nova Scotia2025-06-30
16.8 M
1832 Asset Management L.p2025-06-30
14.2 M
Mackenzie Investments2025-06-30
12.8 M
Healthcare Of Ontario Pension Plan Trust Fund2025-06-30
12.7 M
Jarislowsky Fraser Ltd2025-06-30
11.2 M
Jpmorgan Chase & Co2025-06-30
10.7 M
Norges Bank2025-06-30
10.1 M
Cibc Global Asset Management Inc2025-06-30
9.8 M
Royal Bank Of Canada2025-06-30
127.4 M
Vanguard Group Inc2025-06-30
45.9 M

TRP Fundamentals

About TC Energy Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze TC Energy Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of TC Energy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of TC Energy Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

Pair Trading with TC Energy

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if TC Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in TC Energy will appreciate offsetting losses from the drop in the long position's value.

Moving together with TRP Stock

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Moving against TRP Stock

  0.61TOPS TOP ShipsPairCorr
The ability to find closely correlated positions to TC Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TC Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back TC Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling TC Energy Corp to buy it.
The correlation of TC Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as TC Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TC Energy Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for TC Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for TRP Stock Analysis

When running TC Energy's price analysis, check to measure TC Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy TC Energy is operating at the current time. Most of TC Energy's value examination focuses on studying past and present price action to predict the probability of TC Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TC Energy's price. Additionally, you may evaluate how the addition of TC Energy to your portfolios can decrease your overall portfolio volatility.