TC Energy Corp (TRP) — Free Cash Flow Generation Index
TC Energy Corp (TRP) has a Free Cash Flow Generation Index of 0.59x as of March 2026. Free cash flow of CA$1.53 Billion represents 1% of operating cash flow (CA$2.60 Billion). See TC Energy Corp working capital to net assets to evaluate short-term liquidity relative to the company's equity base.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
TC Energy Corp Free Cash Flow Generation Index (2000–2025)
Historical FCF Generation Index trend for TC Energy Corp across 26 annual periods. Explore TC Energy Corp (TRP) cash flow to debt to assess how comfortably operating cash covers total debt obligations.
Annual Free Cash Flow Generation for TC Energy Corp (2000–2025)
Year-by-year Free Cash Flow Generation Index for TC Energy Corp. For the full company profile including market capitalisation, see TC Energy Corp (TRP) total market value.
| Year | FCG Index | Free Cash Flow (CAD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.28x | CA$2.08 Billion | CA$7.35 Billion | CA$5.27 Billion | ▲ +62.8% |
| 2024 | 0.17x | CA$1.34 Billion | CA$7.70 Billion | CA$6.36 Billion | ▲ +243.4% |
| 2023 | -0.12x | CA$-881.00 Million | CA$7.27 Billion | CA$8.15 Billion | ▼ -119.5% |
| 2022 | -0.06x | CA$-352.00 Million | CA$6.38 Billion | CA$6.73 Billion | ▼ -139.4% |
| 2021 | 0.14x | CA$966.00 Million | CA$6.89 Billion | CA$5.92 Billion | ▲ +191.9% |
| 2020 | -0.15x | CA$-1.08 Billion | CA$7.06 Billion | CA$8.13 Billion | ▲ +1.8% |
| 2019 | -0.16x | CA$-1.10 Billion | CA$7.08 Billion | CA$8.18 Billion | ▲ +69.7% |
| 2018 | -0.51x | CA$-3.36 Billion | CA$6.55 Billion | CA$9.91 Billion | ▼ -16.6% |
| 2017 | -0.44x | CA$-2.30 Billion | CA$5.23 Billion | CA$7.53 Billion | ▼ -856.3% |
| 2016 | -0.05x | CA$-233.00 Million | CA$5.07 Billion | CA$5.30 Billion | ▼ -347.8% |
| 2015 | -0.01x | CA$-45.00 Million | CA$4.38 Billion | CA$4.43 Billion | ▲ +62.3% |
| 2014 | -0.03x | CA$-111.00 Million | CA$4.08 Billion | CA$4.34 Billion | ▲ +90.7% |
| 2013 | -0.29x | CA$-1.08 Billion | CA$3.67 Billion | CA$4.75 Billion | ▼ -207.4% |
| 2012 | 0.27x | CA$976.00 Million | CA$3.57 Billion | CA$2.60 Billion | ▼ -14.1% |
| 2011 | 0.32x | CA$1.17 Billion | CA$3.69 Billion | CA$2.51 Billion | ▲ +150.2% |
| 2010 | -0.63x | CA$-1.95 Billion | CA$3.08 Billion | CA$5.04 Billion | ▲ +21.9% |
| 2009 | -0.81x | CA$-2.43 Billion | CA$2.99 Billion | CA$5.42 Billion | ▼ -684.1% |
| 2008 | -0.10x | CA$-294.00 Million | CA$2.84 Billion | CA$3.13 Billion | ▼ -124.8% |
| 2007 | 0.42x | CA$1.19 Billion | CA$2.84 Billion | CA$1.65 Billion | ▲ +72.3% |
| 2006 | 0.24x | CA$503.26 Million | CA$2.07 Billion | CA$1.57 Billion | ▼ -59.8% |
| 2005 | 0.60x | CA$1.15 Billion | CA$1.90 Billion | CA$753.58 Million | ▼ -12.9% |
| 2004 | 0.69x | CA$1.20 Billion | CA$1.73 Billion | CA$530.36 Million | ▼ -12.7% |
| 2003 | 0.79x | CA$1.51 Billion | CA$1.91 Billion | CA$391.60 Million | ▲ +15.5% |
| 2002 | 0.69x | CA$1.32 Billion | CA$1.92 Billion | CA$599.00 Million | ▲ +46.5% |
| 2001 | 0.47x | CA$533.00 Million | CA$1.14 Billion | CA$492.00 Million | ▼ -11.0% |
| 2000 | 0.53x | CA$908.00 Million | CA$1.72 Billion | CA$812.00 Million | — |