TRP Historical Income Statement

TRP Stock

USD 48.74 0.33 0.68%

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.

Cash Flow Balance Sheet Income Statement

Oil Shock

Dot-com Bubble

Housing Crash

Credit Downgrade

Yuan Drop

Covid

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.

Net Income Gross Profit

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.

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

At this time, TC Energy's Net Income is relatively stable compared to the past year. As of 11/28/2024, Income Tax Expense is likely to grow to about 989.1 M, while Operating Income is likely to drop slightly above 5.5 B.

Total Revenue Gross Profit Ebitda Net Income From Continuing Ops Extraordinary Items Other Items

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.

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.

	2021	2022	2023	2024 (projected)
Gross Profit	6.7B	6.9B	10.6B	6.0B
Total Revenue	13.4B	15.0B	15.9B	9.8B

Gross Profit Total Revenue

TC Energy income statement Correlations

	Total Revenue	Gross Profit	Operating Income	Ebit	Ebitda	Net Income	Income Tax Expense	Depreciation And Amortization	Interest Expense	Selling General Administrative	Other Operating Expenses	Net Income From Continuing Ops	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Minority Interest	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation
Total Revenue		0.68	0.7	0.76	0.89	0.39	0.24	0.96	0.66	0.72	-0.46	0.57	-0.41	-0.18	0.4	-0.51	0.36	0.72	-0.06	-0.31	0.59
Gross Profit	0.68		0.95	0.74	0.78	0.45	0.31	0.74	0.79	0.57	-0.13	0.55	-0.13	-0.05	0.46	-0.72	-0.01	0.72	-0.42	-0.62	0.83
Operating Income	0.7	0.95		0.85	0.86	0.45	0.22	0.79	0.83	0.68	-0.04	0.61	-0.01	-0.24	0.47	-0.73	0.03	0.7	-0.45	-0.55	0.88
Ebit	0.76	0.74	0.85		0.95	0.47	-0.06	0.81	0.64	0.54	0.09	0.66	0.13	-0.18	0.49	-0.4	0.36	0.68	-0.11	-0.22	0.64
Ebitda	0.89	0.78	0.86	0.95		0.55	0.14	0.94	0.77	0.72	-0.18	0.73	-0.14	-0.21	0.54	-0.54	0.36	0.74	-0.2	-0.36	0.75
Net Income	0.39	0.45	0.45	0.47	0.55		0.33	0.52	0.43	0.42	-0.31	0.9	-0.3	-0.11	0.96	-0.11	0.47	0.52	-0.39	-0.37	0.54
Income Tax Expense	0.24	0.31	0.22	-0.06	0.14	0.33		0.27	0.39	0.47	-0.63	0.21	-0.63	-0.14	0.37	-0.32	-0.28	0.35	-0.2	-0.54	0.45
Depreciation And Amortization	0.96	0.74	0.79	0.81	0.94	0.52	0.27		0.73	0.77	-0.46	0.67	-0.42	-0.15	0.52	-0.59	0.34	0.67	-0.23	-0.35	0.73
Interest Expense	0.66	0.79	0.83	0.64	0.77	0.43	0.39	0.73		0.89	-0.19	0.62	-0.16	-0.39	0.32	-0.87	-0.03	0.71	-0.49	-0.78	0.94
Selling General Administrative	0.72	0.57	0.68	0.54	0.72	0.42	0.47	0.77	0.89		-0.44	0.6	-0.36	-0.61	0.33	-0.74	0.06	0.65	-0.43	-0.63	0.82
Other Operating Expenses	-0.46	-0.13	-0.04	0.09	-0.18	-0.31	-0.63	-0.46	-0.19	-0.44		-0.2	0.99	0.01	-0.31	0.21	-0.02	-0.14	0.21	0.19	-0.22
Net Income From Continuing Ops	0.57	0.55	0.61	0.66	0.73	0.9	0.21	0.67	0.62	0.6	-0.2		-0.16	-0.27	0.84	-0.31	0.56	0.64	-0.42	-0.42	0.64
Cost Of Revenue	-0.41	-0.13	-0.01	0.13	-0.14	-0.3	-0.63	-0.42	-0.16	-0.36	0.99	-0.16		-0.13	-0.3	0.2	0.0	-0.1	0.2	0.17	-0.2
Total Operating Expenses	-0.18	-0.05	-0.24	-0.18	-0.21	-0.11	-0.14	-0.15	-0.39	-0.61	0.01	-0.27	-0.13		-0.05	0.23	-0.02	-0.32	0.23	0.4	-0.29
Income Before Tax	0.4	0.46	0.47	0.49	0.54	0.96	0.37	0.52	0.32	0.33	-0.31	0.84	-0.3	-0.05		-0.02	0.46	0.5	-0.32	-0.25	0.47
Total Other Income Expense Net	-0.51	-0.72	-0.73	-0.4	-0.54	-0.11	-0.32	-0.59	-0.87	-0.74	0.21	-0.31	0.2	0.23	-0.02		0.23	-0.43	0.6	0.66	-0.84
Minority Interest	0.36	-0.01	0.03	0.36	0.36	0.47	-0.28	0.34	-0.03	0.06	-0.02	0.56	0.0	-0.02	0.46	0.23		0.31	0.18	0.2	-0.07
Tax Provision	0.72	0.72	0.7	0.68	0.74	0.52	0.35	0.67	0.71	0.65	-0.14	0.64	-0.1	-0.32	0.5	-0.43	0.31		-0.06	-0.57	0.61
Interest Income	-0.06	-0.42	-0.45	-0.11	-0.2	-0.39	-0.2	-0.23	-0.49	-0.43	0.21	-0.42	0.2	0.23	-0.32	0.6	0.18	-0.06		0.4	-0.56
Net Interest Income	-0.31	-0.62	-0.55	-0.22	-0.36	-0.37	-0.54	-0.35	-0.78	-0.63	0.19	-0.42	0.17	0.4	-0.25	0.66	0.2	-0.57	0.4		-0.74
Reconciled Depreciation	0.59	0.83	0.88	0.64	0.75	0.54	0.45	0.73	0.94	0.82	-0.22	0.64	-0.2	-0.29	0.47	-0.84	-0.07	0.61	-0.56	-0.74

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TC Energy Account Relationship Matchups

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	10.6B	6.0B
Operating Income	6.9B	7.0B	7.2B	7.3B	10.5B	5.5B
Ebit	6.9B	5.8B	6.7B	6.1B	6.6B	3.9B
Ebitda	9.3B	8.4B	9.2B	8.7B	9.4B	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	5.3B	6.1B
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

0.71	AM	Antero Midstream Partners	Pair Corr
0.9	EE	Excelerate Energy	Pair Corr
0.76	ET	Energy Transfer LP Aggressive Push	Pair Corr
0.71	DLNG	Dynagas LNG Partners Earnings Call Tomorrow	Pair Corr

Moving against TRP Stock

0.87	LPG	Dorian LPG	Pair Corr
0.74	TEN	Tsakos Energy Navigation Symbol Change	Pair Corr
0.66	FRO	Frontline Earnings Call Tomorrow	Pair Corr
0.66	GEL	Genesis Energy LP	Pair Corr
0.61	BROGW	Brooge Energy Limited	Pair Corr

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 Correlation Correlation 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.

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TRP Historical Income Statement

About TRP Income Statement Analysis

TC Energy Income Statement Chart

Total Revenue

Gross Profit

TC Energy income statement Correlations

TC Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

TC Energy income statement Accounts

Pair Trading with TC Energy

Moving together with TRP Stock

Moving against TRP Stock

Additional Tools for TRP Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cost Of Revenue	+ 0.99	Other Operating Expenses
Depreciation And Amortization	+ 0.96	Total Revenue
Income Before Tax	+ 0.96	Net Income
Operating Income	+ 0.95	Gross Profit
Ebitda	+ 0.95	Ebit
Depreciation And Amortization	+ 0.94	Ebitda

Total Other Income Expense Net	- 0.87	Interest Expense
Reconciled Depreciation	- 0.84	Total Other Income Expense Net
Net Interest Income	- 0.78	Interest Expense
Reconciled Depreciation	- 0.74	Net Interest Income
Total Other Income Expense Net	- 0.74	Selling General Administrative
Total Other Income Expense Net	- 0.73	Operating Income