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EBITDA by Segment
Shows the earnings before interest, taxes, depreciation, and amortization for each segment, providing insight into the operational profitability and cash flow generation of different parts of the business.TC Energy’s EBITDA mix has materially shifted toward natural gas: US and Canadian pipeline EBITDA show steady, sizable growth and now drive future earnings, while Mexico’s segment is ramping sharply — signaling new capacity or contracts. Liquids Pipelines drop to zero after 2024 (likely sale or reclassification), a structural change that reduces oil-derived cash flow and increases company exposure to gas volumes/pricing and regulatory risk. Power & Energy Solutions remains volatile and corporate costs are immaterial, so monitor gas demand/fee certainty and Mexican integration risks.
Date | Liquids Pipelines | Corporate | Canadian Natural Gas Pipelines | US Natural Gas Pipelines | Mexico Natural Gas Pipelines | Power and Energy Solutions |
|---|---|---|---|---|---|---|
Jun 30, 2026 | C$0.00 | -C$100.00K | C$961.00M | C$881.00M | C$296.00M | C$361.00M |
Mar 31, 2026 | C$0.00 | -C$3.00M | C$919.00M | C$1.50B | C$432.00M | C$243.00M |
Dec 31, 2025 | C$0.00 | C$1.00M | C$961.00M | C$1.39B | C$397.00M | C$217.00M |
Sep 30, 2025 | C$0.00 | -C$3.00M | C$913.00M | C$1.06B | C$416.00M | C$266.00M |
Jun 30, 2025 | C$0.00 | -C$7.00M | C$923.00M | C$1.09B | C$319.00M | C$301.00M |
Mar 31, 2025 | C$0.00 | -C$5.00M | C$890.00M | C$1.37B | C$233.00M | C$224.00M |
Dec 31, 2024 | C$0.00 | -C$7.00M | C$851.00M | C$1.20B | C$234.00M | C$341.00M |
Sep 30, 2024 | C$360.00M | -C$7.00M | C$845.00M | C$1.00B | C$265.00M | C$326.00M |
Jun 30, 2024 | C$328.00M | C$4.00M | C$846.00M | C$1.00B | C$286.00M | C$227.00M |
Mar 31, 2024 | C$407.00M | -C$3.00M | C$846.00M | C$1.31B | C$214.00M | C$320.00M |