Tc Energy (TCANF) Equity Average (2009 - 2025)
Tc Energy (TCANF) posted Equity Average of $19.8 billion for Q4 2025, down 0.72% on a QoQ basis from $19.9 billion in Q3 2025, and down 6.05% year-on-year from $21.0 billion in Q4 2024.
Tc Energy (TCANF) Equity Average (2009 - 2025) Analysis & Trends
Tc Energy has disclosed Equity Average across 17 years of filings, most recently posting $19.8 billion for Q4 2025.
- Equity Average for Q4 2025 came in at $19.8 billion, down 6.05% year-over-year; the trailing twelve-month figure through Dec 2025 was $19.8 billion (down 6.05% YoY), and the FY2025 annual result was $19.8 billion, down 5.63% from the prior year.
- Equity Average came in at $19.8 billion for Q4 2025 at Tc Energy, down from $19.9 billion in the prior quarter.
- Over the last five years, Equity Average for TCANF reached as high as $26.5 billion in Q3 2022 and fell as low as $11.5 billion in Q1 2021.
- Median Equity Average over the past 5 years was $22.2 billion (2024), compared with a mean of $21.5 billion.
- Year-over-year, Equity Average surged 110.49% in 2021 and sank 44.43% in 2023.
- Over 5 years, Equity Average stood at $23.5 billion in 2021, then plunged by 40.27% to $14.0 billion in 2022, then soared by 66.96% to $23.4 billion in 2023, then decreased by 10.1% to $21.0 billion in 2024, then retreated by 6.05% to $19.8 billion in 2025.
- Per Business Quant, the three latest TCANF Equity Average figures stand at $19.8 billion (Q4 2025), $19.9 billion (Q3 2025), and $19.6 billion (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Equity Avg. (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 47.06 Bn |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 31.89 Bn |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 30.04 Bn |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 41.74 Bn |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 3.23 Bn |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 14.30 Bn |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 22.51 Bn |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 246.00 Mn |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 8.73 Bn |
| 10 | Tc Energy | 10.37 Bn | 11.56 Bn | 2.95 Bn | 19.76 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 19.76 Bn |
| Sep 30, 2025 | 19.91 Bn |
| Jun 30, 2025 | 19.58 Bn |
| Mar 31, 2025 | 19.53 Bn |
| Dec 31, 2024 | 21.04 Bn |
| Sep 30, 2024 | 22.17 Bn |
| Jun 30, 2024 | 22.18 Bn |
| Mar 31, 2024 | 22.02 Bn |
| Dec 31, 2023 | 23.40 Bn |
| Sep 30, 2023 | 25.14 Bn |
| Jun 30, 2023 | 25.38 Bn |
| Mar 31, 2023 | 13.09 Bn |
| Dec 31, 2022 | 14.02 Bn |
| Sep 30, 2022 | 26.52 Bn |
| Jun 30, 2022 | 25.76 Bn |
| Mar 31, 2022 | 23.55 Bn |
| Dec 31, 2021 | 23.46 Bn |
| Sep 30, 2021 | 25.89 Bn |
| Jun 30, 2021 | 25.46 Bn |
| Mar 31, 2021 | 11.51 Bn |