• TC Energy average return on tangible equity for 2024 was 19.34, a 162.06% decline from 2023.
• TC Energy average return on tangible equity for 2023 was 7.38, a 40.68% increase from 2022.
• TC Energy average return on tangible equity for 2022 was 12.44, a 25.66% decline from 2021.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.