TRP Historical Income Statement
| TRP Stock | CAD 66.74 0.20 0.30% |
Historical analysis of TC Energy income statement accounts such as EBITDA of 6.2 B, Net Income of 3.1 B, Income Tax Expense of 989.1 M or Depreciation And Amortization of 1.8 B 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.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 board of governors. At this time, TC Energy's Interest Expense is very stable compared to the past year. As of the 29th of December 2024, Net Income is likely to grow to about 3.1 B, while Total Revenue is likely to drop about 9.8 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
High Positive Relationship
High Negative Relationship
TC Energy income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 1.9B | 1.9B | 2.1B | 2.2B | 2.6B | 2.7B | |
| 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 | 6.9B | 5.4B | |
| Ebitda | 9.0B | 8.9B | 6.4B | 5.5B | 9.4B | 6.2B | |
| Total Other Income Expense Net | (1.7B) | (1.9B) | (3.7B) | (4.7B) | (2.8B) | (3.0B) | |
| 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 | |
| Other Operating Expenses | 7.5B | 7.2B | 7.5B | 8.9B | 9.1B | 7.3B | |
| Ebit | 6.5B | 6.3B | 3.9B | 2.9B | 6.6B | 3.8B | |
| 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 | |
| Net Income From Continuing Ops | 4.4B | 4.9B | 2.0B | 785M | 3.1B | 2.5B | |
| 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 | 1.3B | 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
Moving against TRP Stock
| 0.69 | TD | Toronto Dominion Bank | PairCorr |
| 0.63 | TKU | Tarku Resources | PairCorr |
| 0.41 | ENB-PH | Enbridge H Cum | PairCorr |
| 0.38 | ENB-PFU | Enbridge Pref L | 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.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 board of governors. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .