TC Energy Corporation
TRP Energy Oil & Gas Midstream
TC Energy Corporation’s revenue for fiscal 2025 (year ended December 2025) was $10.9 billion, up 8.52% from fiscal 2024.
- Revenue
- +5.59%
- EPS
- +18.3%
- Free cash flow
- +24.2%
- Total debt
- +10.3%
Quarter to June 2026, against a year earlier
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TC Energy Corporation (TRP) Debt to equity
TC Energy Corporation's debt to equity at the end of the quarter to 30 June 2026 was 1.7×, up 0.1× from fiscal 2025 (1.6×). Over the past ten years it has ranged from 1.4× (fiscal 2020) to 1.9× (fiscal 2015); the current reading is higher than 73% of that period. That is above the Oil & Gas Midstream industry median of 0.8× and above the Energy sector median of 0.4×.
Debt to equity, annual
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Annual newest first
| Period | Debt to equity | Change |
|---|---|---|
| FY2025 | 1.6× | 3.80% |
| FY2024 | 1.5× | (5.10%) |
| FY2023 | 1.6× | 6.22% |
| FY2022 | 1.5× | 7.02% |
| FY2021 | 1.4× | 3.89% |
| FY2020 | 1.4× | (2.53%) |
| FY2019 | 1.4× | (8.12%) |
| FY2018 | 1.5× | (1.33%) |
| FY2017 | 1.6× | (8.49%) |
| FY2016 | 1.7× | (9.43%) |
Quarterly newest first
| Period | Debt to equity | Change |
|---|---|---|
| Jun 2026 | 1.7× | 4.71% |
| Mar 2026 | 1.6× | 0.48% |
| Dec 2025 | 1.6× | 1.69% |
| Sep 2025 | 1.6× | 2.90% |
| 42 more quarters | Free account |
Against its own ten years
Debt to equity against peers
| Company | Debt to equity |
|---|---|
| OKE ONEOK, Inc. compare | 0.9× |
| KMI Kinder Morgan, Inc. compare | 1.0× |
| EPD Enterprise Products Partners L.P. compare | 1.1× |
| ET Energy Transfer LP compare | 1.4× |
| WMB Williams Companies, Inc. (The) compare | 1.6× |
| TRP TC Energy Corporation | 1.7× |
| MPLX MPLX LP compare | 1.9× |
| LNG Cheniere Energy, Inc. compare | 2.0× |
| TRGP Targa Resources, Inc. compare | 5.0× |
| Oil & Gas Midstream industry median | 0.8× |
| Energy sector median | 0.4× |
| Market median | 0.1× |
What Debt to equity is
Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.
(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)
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- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
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