TC Energy Corporation

TRP

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue

10,191

Cost of Revenue

5,302

Gross Profit

4,888

Gross Margin

48.0%

Operating Income

4,282

Operating Margin

42.0%

Net Income

3,477

Net Margin

34.1%

EPS (Basic)

$4.43

EPS (Diluted)

$4.43

EBITDA

8,301

EBITDA Margin

81.5%

2023

12/31/2023

Revenue

9,818

Cost of Revenue

4,883

Gross Profit

4,934

Gross Margin

50.3%

Operating Income

4,356

Operating Margin

44.4%

Net Income

2,162

Net Margin

22.0%

EPS (Basic)

$2.66

EPS (Diluted)

$2.75

EBITDA

6,407

EBITDA Margin

65.3%

2022

12/31/2022

Revenue

9,109

Cost of Revenue

4,819

Gross Profit

4,290

Gross Margin

47.1%

Operating Income

3,752

Operating Margin

41.2%

Net Income

554

Net Margin

6.1%

EPS (Basic)

$0.64

EPS (Diluted)

$0.64

EBITDA

3,878

EBITDA Margin

42.6%

2021

12/31/2021

Revenue

9,906

Cost of Revenue

4,963

Gross Profit

4,943

Gross Margin

49.9%

Operating Income

4,370

Operating Margin

44.1%

Net Income

1,447

Net Margin

14.6%

EPS (Basic)

$1.87

EPS (Diluted)

$1.86

EBITDA

4,960

EBITDA Margin

50.1%

2020

12/31/2020

Revenue

9,619

Cost of Revenue

4,786

Gross Profit

4,833

Gross Margin

50.2%

Operating Income

4,295

Operating Margin

44.6%

Net Income

3,416

Net Margin

35.5%

EPS (Basic)

$4.74

EPS (Diluted)

$4.74

EBITDA

7,054

EBITDA Margin

73.3%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2024	2023	2022	2021	2020
Revenue	10,191	9,818	9,109	9,906	9,619
Cost of Revenue	5,302	4,883	4,819	4,963	4,786
Gross Profit	4,888	4,934	4,290	4,943	4,833
Gross Margin	48.0%	50.3%	47.1%	49.9%	50.2%
Operating Income	4,282	4,356	3,752	4,370	4,295
Operating Margin	42.0%	44.4%	41.2%	44.1%	44.6%
Net Income	3,477	2,162	554	1,447	3,416
Net Margin	34.1%	22.0%	6.1%	14.6%	35.5%
EPS (Basic)	$4.43	$2.66	$0.64	$1.87	$4.74
EPS (Diluted)	$4.43	$2.75	$0.64	$1.86	$4.74
EBITDA	8,301	6,407	3,878	4,960	7,054
EBITDA Margin	81.5%	65.3%	42.6%	50.1%	73.3%