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NYSE · NATURAL GAS TRANSMISSION · LARGE CAP

Transcanada Pipelines Ltd. TCPA

8 fiscal years on record · CAD · FY2017 reported · SEC filings only
CAD 13.4B
▲ 7.2% YoY
CAD 3.1B
▲ 867.6% YoY
CAD -2.2B
▼ 1590.6% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

The company operates in two core businesses: Natural Gas Pipelines and Power and Energy Solutions. Its results are reflected in four operating segments: Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines and Power and Energy Solutions. It also has a Corporate segment consisting of corporate and administrative functions that provide governance, financing and other support to TC Energy's business segments. In October 2023, the company completed construction of the 81 MW Saddlebrook Solar Project near Aldersyde, Alberta and began commissioning activities, including supplying generation to the Alberta market. At Year End, TC Energy's principal operating subsidiary, TCPL, had 6,574 employees, substantially all of whom were employed in Canada and the U.S. TCPL continues to carry on business as the principal operating subsidiary of TC Energy.

Written from the business description in TRANSCANADA PIPELINES LTD's annual report to the U.S. Securities and Exchange Commission, filed 13 February 2026. Every sentence was checked against that document before publication.

Growth

CAD 13.4B
Revenue, FY2017 · full 8-year series below
Revenue CAD B Net income CAD B
FY2017 · Revenue 13.4 · Net income 3.1
5B10B
2010201320162017
Compound annual growth
+9.7%
+10.9%
+19.0%
+18.0%
+16.4%
+11.6%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +10.9% a year over the five years to FY2017 — but profit grew faster: net income at +18.0%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

25 cents
of every revenue dollar became profit
Operating margin Net margin
FY2017 · Operating 34.8% · Net 24.9%
20%40%-5%-10%
201020132017
ROE
FY2017 · ROE 14.0%
5%10%-2%-4%
201020132017
Three returns, three denominators.

Each CAD of equity produced 14 cents of profit this year.

Cash & shareholders

CAD 2.1B
returned in FY2017 · dividends + net buybacks
Free cash flow CAD B
FY2017 · FCF -2.2
0.5B1.0B-1.0B-2.0B
201020132017
Net buybacks CAD B Dividends CAD B
FY2017 · Dividends 2.1 · Net buybacks ·
1B2B
20102011201220132014201520162017

CAD 2.1B in dividends — 68% of the year's profit went back to shareholders.

Total assetsCAD 86.0B
EquityCAD 22.4B
CashCAD 1.0B
Gross debtCAD 34.7B
Net debtCAD 33.7B
Current ratio0.37×

Net debt stands at 150% of equity.

The 8-year record

8 fiscal years
Every figure from documents filed with the SEC · CAD
row low → row highnegative—not applicable◌not available in our data
TCPA, 8-year financial record
Metric 20172016201520142013201220112010
Revenue CAD B13.412.511.410.28.88.07.86.9
Operating income CAD B4.72.30.13.93.52.83.22.4
EBITDA CAD B6.74.31.95.55.04.24.5◌
Income tax CAD B−0.10.30.00.80.60.50.50.4
Net income CAD B3.10.3−1.11.81.81.41.51.3
Free cash flow CAD B−2.20.10.50.7−0.61.01.1−1.6
EPS, diluted CAD ◌◌◌◌◌◌◌◌
Dividend / sh CAD ◌◌◌◌◌◌◌◌
Payout %68502−1267372907687
ROE %14.01.6−5.89.09.37.59.07.8
Shares out B0.870.860.780.780.760.740.73◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 1 failure in 22 reconciliationsAUDITED

Reconciled in 7 of the 8 fiscal years we could check. Eight checks were skipped: the balance sheet is not tagged before 2011.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency1 failure
ActivityNatural Gas Transmission
Listed onNYSE
Incorporated innot stated in the filings
Fiscal year endsDecember 31
Data on record since2010

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