Tc Energy (TCANF) Free Cash Flow (2009 - 2025)
Tc Energy (TCANF) recorded quarterly Free Cash Flow of $393.0 million in Q4 2025, down 82.97% quarter-over-quarter from $2.3 billion in Q3 2025, and down 85.26% on a YoY basis from $2.7 billion in Q4 2024.
Tc Energy (TCANF) Free Cash Flow (2009 - 2025) Analysis & Trends
Tc Energy's Free Cash Flow history runs 17 years deep, the most recent figure standing at $393.0 million for Q4 2025.
- In Q4 2025, Free Cash Flow fell 85.26% year-over-year to $393.0 million; the TTM figure through Dec 2025 stood at $5.5 billion (down 46.21% YoY), while the FY2025 annual figure was $9.0 billion, down 11.55% from the prior year.
- Free Cash Flow was $393.0 million for Q4 2025 at Tc Energy, down from $2.3 billion in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $3.0 billion in Q4 2022 to a low of $393.0 million in Q4 2025.
- Historically, Free Cash Flow has averaged $2.4 billion across 5 years, with a median of $2.6 billion in 2021.
- The sharpest annual moves came in 2023 and 2025: Free Cash Flow soared 51.86% in 2023, then tumbled 85.26% in 2025.
- A 5-year view of Free Cash Flow shows it stood at $2.7 billion in 2021, then increased by 11.19% to $3.0 billion in 2022, then retreated by 4.51% to $2.9 billion in 2023, then declined by 7.46% to $2.7 billion in 2024, then sank by 85.26% to $393.0 million in 2025.
- The last three Free Cash Flow figures came in at $393.0 million (Q4 2025), $2.3 billion (Q3 2025), and $767.9 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | -70.73 Mn |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 486.00 Mn |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 1.36 Bn |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 1.46 Bn |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | - |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 772.00 Mn |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | -160.00 Mn |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 70.00 Mn |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 392.96 Mn |
| 10 | Tc Energy | - | - | 2.95 Bn | 392.96 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 392.96 Mn |
| Dec 31, 2025 | 392.96 Mn |
| Sep 30, 2025 | 2.31 Bn |
| Sep 30, 2025 | 2.31 Bn |
| Jun 30, 2025 | 767.90 Mn |
| Jun 30, 2025 | 767.90 Mn |
| Mar 31, 2025 | 2.03 Bn |
| Mar 31, 2025 | 2.03 Bn |
| Dec 31, 2024 | 2.67 Bn |
| Dec 31, 2024 | 2.67 Bn |
| Sep 30, 2024 | 2.69 Bn |
| Sep 30, 2024 | 2.69 Bn |
| Jun 30, 2024 | 2.18 Bn |
| Jun 30, 2024 | 2.18 Bn |
| Mar 31, 2024 | 2.69 Bn |
| Mar 31, 2024 | 2.69 Bn |
| Dec 31, 2023 | 2.88 Bn |
| Dec 31, 2023 | 2.88 Bn |
| Sep 30, 2023 | 2.88 Bn |
| Sep 30, 2023 | 2.88 Bn |