TC Energy Corporation operates as an energy infrastructure company in North America. It operates through five segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; Liquids Pipelines; and Power and Storage. The company builds and operates 93,300 km network of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses. It also has regulated natural gas storage facilities with a total working gas capacity of 535 billion cubic feet. In addition, it has approximately 4,900 km liquids pipeline system that connects Alberta crude oil supplies to refining markets in Illinois, Oklahoma, Texas, and the U.S. Gulf Coast. Further, the company owns or has interests in seven power generation facilities with a combined capacity of approximately 4,300 megawatts that are powered by natural gas and nuclear fuel sources located in Alberta, Ontario, Québec, and New Brunswick; and owns and operates approximately 118 billion cubic feet of non-regulated natural gas storage capacity in Alberta. The company was formerly known as TransCanada Corporation and changed its name to TC Energy Corporation in May 2019. TC Energy Corporation was incorporated in 1951 and is headquartered in Calgary, Canada.

TC Energy Corporation

Revenue

EBIT

EBITDA

CapEx

Net Interest Income

Assets

Adjusted EBITDA

Gross Profit

Adjusted Net Income

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Average Assets

Adjusted EBIT

Adjusted Revenue

Adjusted EBT

Adjusted Funds From Operations

Canadian Natural Gas Pipelines Segmented Earnings

Canadian Natural Gas Pipelines Segmented Earnings % Chg.

US Natural Gas Pipelines Segmented Earnings

US Natural Gas Pipelines Segmented Earnings % Chg.

Mexico Natural Gas Pipelines Segmented Earnings

Mexico Natural Gas Pipelines Segmented Earnings % Chg.

Liquids Pipelines Segmented Earnings

Liquids Pipelines Segmented Earnings % Chg.

Power & Energy Solutions Segmented Earnings

Power & Energy Solutions Segmented Earnings % Chg.

Corporate Segmented Earnings

Corporate Segmented Earnings % Chg.

Canadian Natural Gas Pipelines Comparable EBITDA

Canadian Natural Gas Pipelines Comparable EBITDA % Chg.

US Natural Gas Pipelines Comparable EBITDA

US Natural Gas Pipelines Comparable EBITDA % Chg.

Mexico Natural Gas Pipelines Comparable EBITDA

Mexico Natural Gas Pipelines Comparable EBITDA % Chg.

Liquids Pipelines Comparable EBITDA

Liquids Pipelines Comparable EBITDA % Chg.

Power & Energy Solutions Comparable EBITDA

Power & Energy Solutions Comparable EBITDA % Chg.

Corporate Comparable EBITDA

Corporate Comparable EBITDA % Chg.

Total Adjusted EBIT

Total Adjusted EBIT Common Size

Total Adjusted EBIT % Chg.

Total Adjusted EBITDA

Total Adjusted EBITDA Common Size

Total Adjusted EBITDA % Chg.

Canadian Natural Gas Pipelines Capital Expenditures

Canadian Natural Gas Pipelines Capital Expenditures % Chg.

Canadian Natural Gas Pipelines Capital Expenditures Common Size

US Natural Gas Pipelines Capital Expenditures

US Natural Gas Pipelines Capital Expenditures % Chg.

US Natural Gas Pipelines Capital Expenditures Common Size

Mexico Natural Gas Pipelines Capital Expenditures

Mexico Natural Gas Pipelines Capital Expenditures % Chg.

Mexico Natural Gas Pipelines Capital Expenditures Common Size

Liquids Pipelines Capital Expenditures

Liquids Pipelines Capital Expenditures % Chg.

Liquids Pipelines Capital Expenditures Common Size

Power & Energy Solutions Capital Expenditures

Power & Energy Solutions Capital Expenditures % Chg.

Power & Energy Solutions Capital Expenditures Common Size

Corporate Capital Expenditures

Corporate Capital Expenditures % Chg.

Corporate Capital Expenditures Common Size

Other Capital Expenditures

Other Capital Expenditures % Chg.

Other Capital Expenditures Common Size

Total Capital Expenditures

Total Capital Expenditures Common Size

Total Capital Expenditures % Chg.

Capital Expenditures

Canadian Natural Gas Pipelines Revenue

Canadian Natural Gas Pipelines Revenue % Chg.

Canadian Natural Gas Pipelines Revenue Common Size

US Natural Gas Pipelines Revenue

US Natural Gas Pipelines Revenue % Chg.

US Natural Gas Pipelines Revenue Common Size

Mexico Natural Gas Pipelines Revenue

Mexico Natural Gas Pipelines Revenue % Chg.

Mexico Natural Gas Pipelines Revenue Common Size

Liquids Pipelines Revenue

Liquids Pipelines Revenue % Chg.

Liquids Pipelines Revenue Common Size

Power & Energy Solutions Revenue

Power & Energy Solutions Revenue % Chg.

Power & Energy Solutions Revenue Common Size

Other Revenue

Other Revenue % Chg.

Other Revenue Common Size

Total Revenue

Total Revenue Common Size

Total Revenue % Chg.

Revenue	Sep '25	Jun '25
Canadian Natural Gas Pipelines Revenue	1,478	1,455
US Natural Gas Pipelines Revenue	1,637	1,704
Mexico Natural Gas Pipelines Revenue	426	360
Liquids Pipelines Revenue	—	—
Power & Energy Solutions Revenue	161	221
Other Revenue	2	4
Total Revenue	3,704	3,744

Adjusted EBIT	Sep '25	Jun '25
Canadian Natural Gas Pipelines Segmented Earnings	533	551
US Natural Gas Pipelines Segmented Earnings	801	907
Mexico Natural Gas Pipelines Segmented Earnings	407	191
Liquids Pipelines Segmented Earnings	—	—
Power & Energy Solutions Segmented Earnings	190	312
Corporate Segmented Earnings	-3	-7
Canadian Natural Gas Pipelines Comparable EBITDA	913	923
US Natural Gas Pipelines Comparable EBITDA	1,062	1,089
Mexico Natural Gas Pipelines Comparable EBITDA	416	319
Liquids Pipelines Comparable EBITDA	—	—
Power & Energy Solutions Comparable EBITDA	266	301
Corporate Comparable EBITDA	-3	-7
Total Adjusted EBIT	1,928	1,954
Total Adjusted EBITDA	2,654	2,625

Adjusted EBITDA	Sep '25	Jun '25
Canadian Natural Gas Pipelines Comparable EBITDA	913	923
US Natural Gas Pipelines Comparable EBITDA	1,062	1,089
Mexico Natural Gas Pipelines Comparable EBITDA	416	319
Liquids Pipelines Comparable EBITDA	—	—
Power & Energy Solutions Comparable EBITDA	266	301
Corporate Comparable EBITDA	-3	-7
Total Adjusted EBITDA	2,654	2,625