# Transcanada Pipelines Ltd (TCPA)

Source page: https://stoqly.net/companies/tcpa

- **Ticker:** TCPA (NYSE)
- **Sector:** Energy / Natural Gas Transmission
- **SEC CIK:** 0000099070
- **Latest annual report:** 40-F filed 2026-02-13 (https://www.sec.gov/Archives/edgar/data/99070/000123238426000015/trp-20251231.htm)
- **Data updated:** 2026-11-01

## Key figures

- **Last close:** $19.87 on 2026-10-30
- **Market cap:** $20.7B
- **P/E (trailing):** 8.5x
- **EPS, trailing 12 months:** $2.34
- **Revenue (FY2025):** $10.9B
- **Revenue growth:** +8.4%
- **Gross margin:** 98.6%
- **Operating margin:** 52.7%
- **Net margin:** 23.1%
- **Return on invested capital:** 21.7%
- **Return on equity:** 12.9%
- **Net debt:** $1.0B
- **Net debt / EBITDA:** 0.1x
- **Change in share count:** +0.2%
- **Piotroski F-score:** 7/9
- **Insider buys, last 90 days:** $0.0M
- **Insider sells, last 90 days:** $0.0M

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## Annual results

From SEC EDGAR XBRL filings. Full table: https://stoqly.net/companies/tcpa/figures.csv

| US$ millions | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | FY2023 | FY2024 | FY2025 |
|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|
| Revenue | 8,010 | 8,538 | 9,221 | 8,881 | 9,465 | 10,360 | — | 10,053 | 10,899 |
| Operating income | 2,830 | 3,371 | 3,559 | 79 | 1,745 | 3,608 | — | 5,814 | 5,747 |
| Net income | 1,361 | 1,736 | 1,669 | -896 | 242 | 2,393 | — | 3,429 | 2,517 |
| Diluted EPS (US$) | — | — | — | — | — | — | — | 3.23 | 2.34 |
| Operating cash flow | 3,548 | 3,536 | 3,825 | 3,460 | 3,890 | 3,976 | — | 5,618 | 5,254 |
| Free cash flow | 951 | -603 | 666 | 395 | 112 | -1,711 | — | -152 | — |
| Cash | 539 | 841 | 418 | 586 | 718 | 833 | 2,776 | 557 | 123 |
| Debt and leases | 21,280 | 21,494 | 21,373 | 22,656 | 29,830 | 27,705 | — | 2,054 | 1,128 |

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Source: SEC EDGAR filings and end-of-day prices, via Stoqly. For information only — not investment advice or a recommendation to buy, sell or hold any security.