TRP Historical Income Statement
| TRP Stock | USD 49.85 0.38 0.76% |
Historical analysis of TC Energy income statement accounts such as EBITDA of 6.5 B, Net Income of 3.1 B, Income Tax Expense of 989.1 M or Discontinued Operations of 0.0 can show how well TC Energy Corp performed in making a profits. Evaluating TC Energy income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of TC Energy's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining TC Energy Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether TC Energy Corp is a good buy for the upcoming year.
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About TRP Income Statement Analysis
TC Energy Corp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to TC Energy shareholders. The income statement also shows TRP investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
TC Energy Income Statement Chart
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Total Revenue
Total revenue comprises all receipts TC Energy Corp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of TC Energy Corp minus its cost of goods sold. It is profit before TC Energy operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Operating Income
Operating Income is the amount of profit realized from TC Energy Corp operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of TC Energy Corp is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of TC Energy Corp. It is also known as TC Energy overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on TC Energy income statement and is an important metric when analyzing TC Energy Corp profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.Most accounts from TC Energy's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into TC Energy Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TC Energy Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. At this time, TC Energy's Net Income is relatively stable compared to the past year. As of 11/25/2024, Income Tax Expense is likely to grow to about 989.1 M, while Operating Income is likely to drop slightly above 5.5 B.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 6.7B | 6.9B | 7.8B | 5.9B | Total Revenue | 13.4B | 15.0B | 15.9B | 9.8B |
TC Energy income statement Correlations
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TC Energy Account Relationship Matchups
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TC Energy income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Revenue | 13.3B | 13.0B | 13.4B | 15.0B | 15.9B | 9.8B | |
| Gross Profit | 6.5B | 6.5B | 6.7B | 6.9B | 7.8B | 5.9B | |
| Operating Income | 6.9B | 7.0B | 7.2B | 7.3B | 10.5B | 5.5B | |
| Ebit | 6.9B | 5.8B | 6.7B | 6.1B | 6.8B | 5.4B | |
| Ebitda | 9.3B | 8.4B | 9.2B | 8.7B | 9.6B | 6.5B | |
| Net Income | 4.1B | 4.6B | 2.0B | 748M | 2.9B | 3.1B | |
| Income Tax Expense | 754M | 194M | 120M | 589M | 942M | 989.1M | |
| Depreciation And Amortization | 2.5B | 2.6B | 2.5B | 2.6B | 2.8B | 1.8B | |
| Interest Expense | 1.9B | 1.9B | 2.1B | 2.2B | 2.6B | 2.7B | |
| Other Operating Expenses | 7.5B | 7.2B | 7.5B | 8.9B | 5.4B | 7.1B | |
| Net Income From Continuing Ops | 4.4B | 4.9B | 2.0B | 785M | 3.1B | 3.2B | |
| Cost Of Revenue | 6.7B | 6.5B | 6.7B | 8.1B | 8.2B | 6.3B | |
| Income Before Tax | 5.2B | 5.1B | 2.2B | 1.4B | 4.0B | 2.4B | |
| Total Other Income Expense Net | (1.7B) | (4.0B) | (3.7B) | (4.7B) | (6.5B) | (6.2B) | |
| Net Income Applicable To Common Shares | 4.0B | 4.5B | 1.8B | 641M | 737.2M | 700.3M | |
| Minority Interest | 1.6B | 2.1B | (91M) | (37M) | (146M) | (138.7M) | |
| Tax Provision | 754M | 194M | 120M | 589M | 942M | 525.4M | |
| Interest Income | 953M | 213M | 444M | 1.6B | 242M | 229.9M | |
| Net Interest Income | (1.9B) | (2.0B) | (1.9B) | (2.1B) | (2.4B) | (2.6B) | |
| Reconciled Depreciation | 2.5B | 2.6B | 2.5B | 2.6B | 2.8B | 2.7B |
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
| 0.72 | AM | Antero Midstream Partners Sell-off Trend | PairCorr |
| 0.91 | EE | Excelerate Energy | PairCorr |
| 0.78 | ET | Energy Transfer LP Aggressive Push | PairCorr |
| 0.74 | DLNG | Dynagas LNG Partners Earnings Call This Week | PairCorr |
Moving against TRP Stock
| 0.87 | LPG | Dorian LPG | PairCorr |
| 0.64 | FRO | Frontline Earnings Call This Week | PairCorr |
| 0.63 | GEL | Genesis Energy LP | PairCorr |
| 0.61 | BROGW | Brooge Energy Limited | PairCorr |
| 0.49 | FLNG | FLEX LNG Earnings Call This Week | PairCorr |
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.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.