TRP-PD.TO | TC ENERGY CORP PREF SERIES 7 Annual &

Annual Income Statements

(In CAD)

Breakdown	2023	2022	2021	2020	2019	2018
Revenue	15.93 Billion	14.97 Billion	13.38 Billion	12.99 Billion	13.25 Billion	13.67 Billion
Cost of Revenue	8.18 Billion	8.05 Billion	6.7 Billion	6.46 Billion	6.74 Billion	7.42 Billion
Gross Profit	7.75 Billion	6.92 Billion	6.68 Billion	6.53 Billion	6.51 Billion	6.25 Billion
Operating Expenses	897 Million	848 Million	774 Million	727 Million	727 Million	569 Million
Selling, General and Administrative Expenses	-	-	-	-	-	-
Research and Development Expenses	-	-	-	-	-	-
Other Expenses	897 Million	-	-	-	-	-76 Million
Cost and Expenses	9.07 Billion	8.89 Billion	7.48 Billion	7.19 Billion	7.46 Billion	7.99 Billion
Operating Income	6.85 Billion	7.27 Billion	7.24 Billion	6.99 Billion	6.86 Billion	6.31 Billion
Interest Expense	2.58 Billion	2.21 Billion	2.09 Billion	1.87 Billion	1.85 Billion	1.73 Billion
Income Tax Expense	942 Million	589 Million	120 Million	194 Million	754 Million	432 Million
Earnings before Tax	4.01 Billion	1.37 Billion	2.16 Billion	5.1 Billion	5.18 Billion	3.94 Billion
Net Income	2.92 Billion	748 Million	1.95 Billion	4.61 Billion	4.14 Billion	3.7 Billion
Earnings Per Share Basic	-	-	-	-	-	-
Earnings Per Share Diluted	-	-	-	-	-	-
Weighted Average Shares Outstanding	-	-	-	-	-	-
Weighted Average Shares Outstanding (Diluted)	-	-	-	-	-	-
Gross Margin	0.49	0.46	0.50	0.50	0.49	0.46
EBIT Margin	0.59	0.66	0.73	0.74	0.70	0.63
Profit Margin	0.18	0.05	0.15	0.36	0.31	0.27
EBITDA	9.37 Billion	6.14 Billion	6.7 Billion	9.53 Billion	9.45 Billion	8.06 Billion
Earnings Before Tax Margin	0.43	0.49	0.54	0.54	0.52	0.46

Breakdown	2024 Q2	2024 Q1	2023 FY	2023 Q4	2023 Q3	2023 Q2
Revenue	4.08 Billion	4.24 Billion	15.93 Billion	4.23 Billion	3.94 Billion	3.83 Billion
Cost of Revenue	2.23 Billion	2.1 Billion	8.18 Billion	2.2 Billion	2.13 Billion	2.01 Billion
Gross Profit	1.85 Billion	2.13 Billion	7.75 Billion	2.03 Billion	1.8 Billion	1.81 Billion
Operating Expenses	236 Million	226 Million	897 Million	230 Million	218 Million	222 Million
Selling, General and Administrative Expenses	-	-	-	-	-	-
Research and Development Expenses	-	-	-	-	-	-
Other Expenses	236 Million	-	-	-	-	-
Cost and Expenses	2.46 Billion	2.33 Billion	9.07 Billion	2.43 Billion	2.35 Billion	2.24 Billion
Operating Income	2.02 Billion	2.34 Billion	8.36 Billion	2.33 Billion	1.95 Billion	1.85 Billion
Interest Expense	659 Million	680 Million	2.58 Billion	607 Million	701 Million	643 Million
Income Tax Expense	200 Million	293 Million	942 Million	209 Million	134 Million	258 Million
Earnings before Tax	1.34 Billion	1.69 Billion	4.01 Billion	1.82 Billion	-39 Million	537 Million
Net Income	990 Million	1.22 Billion	2.92 Billion	1.48 Billion	-174 Million	273 Million
Earnings Per Share Basic	-	-	-	-	-	-
Earnings Per Share Diluted	-	-	-	-	-	-
Weighted Average Shares Outstanding	-	-	-	-	-	-
Weighted Average Shares Outstanding (Diluted)	-	-	-	-	-	-
Gross Margin	0.45	0.50	0.49	0.48	0.46	0.47
EBIT Margin	0.67	0.72	-	0.72	0.67	0.67
Profit Margin	0.24	0.29	0.18	0.35	-0.04	0.07
EBITDA	2.74 Billion	3.06 Billion	-	3.05 Billion	2.64 Billion	2.54 Billion
Earnings Before Tax Margin	0.50	0.55	0.53	0.55	0.50	0.48