Tc Energy (TCANF) Free Cash Flow (2009 - 2025)

Tc Energy (TCANF) posted Free Cash Flow of $393.0 million for Q4 2025, down 82.97% on a QoQ basis from $2.3 billion in Q3 2025, and down 85.26% year-on-year from $2.7 billion in Q4 2024.

Tc Energy (TCANF) Free Cash Flow (2009 - 2025) Analysis & Trends

Tc Energy has disclosed Free Cash Flow across 17 years of filings, most recently posting $393.0 million for Q4 2025.

  • Free Cash Flow for Q4 2025 came in at $393.0 million, down 85.26% year-over-year; the trailing twelve-month figure through Dec 2025 was $7.1 billion (down 30.56% YoY), and the FY2025 annual result was $1.5 billion, down 85.47% from the prior year.
  • Free Cash Flow came in at $393.0 million for Q4 2025 at Tc Energy, down from $2.3 billion in the prior quarter.
  • Over the last five years, Free Cash Flow for TCANF reached as high as $3.0 billion in Q4 2022 and fell as low as $393.0 million in Q4 2025.
  • Median Free Cash Flow over the past 5 years was $2.6 billion (2021), compared with a mean of $2.4 billion.
  • Year-over-year, Free Cash Flow jumped 51.86% in 2023 and slumped 85.26% in 2025.
  • Over 5 years, Free Cash Flow 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 tumbled by 85.26% to $393.0 million in 2025.
  • Per Business Quant, the three latest TCANF Free Cash Flow figures stand at $393.0 million (Q4 2025), $2.3 billion (Q3 2025), and $2.4 billion (Q2 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn -70.73 Mn
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn 1.36 Bn
3 Enterprise Products Partners 79.55 Bn 78.40 Bn - 486.00 Mn
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn 1.46 Bn
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn -160.00 Mn
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn 772.00 Mn
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn 70.00 Mn
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn 879.00 Mn
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn -2.42 Bn
10 Tc Energy 10.37 Bn 11.56 Bn 2.95 Bn 1.36 Bn

Historic Data

Download Data
DateValue
Dec 31, 2025 1.36 Bn
Dec 31, 2025 1.36 Bn
Sep 30, 2025 1.40 Bn
Sep 30, 2025 1.40 Bn
Jun 30, 2025 767.90 Mn
Jun 30, 2025 767.90 Mn
Mar 31, 2025 -140.08 Mn
Mar 31, 2025 -140.08 Mn
Dec 31, 2024 1.50 Bn
Dec 31, 2024 1.50 Bn
Sep 30, 2024 1.41 Bn
Sep 30, 2024 1.41 Bn
Jun 30, 2024 1.22 Bn
Jun 30, 2024 1.22 Bn
Mar 31, 2024 1.53 Bn
Mar 31, 2024 1.53 Bn
Dec 31, 2023 1.38 Bn
Dec 31, 2023 1.38 Bn
Sep 30, 2023 1.37 Bn
Sep 30, 2023 1.37 Bn