Tc Energy (TCANF) Invested Capital (2009 - 2025)

Tc Energy's Invested Capital history runs 17 years deep, the most recent figure standing at $19.7 billion for Q4 2025.

• In Q4 2025, Invested Capital fell 0.5% year-over-year to $19.7 billion; the TTM figure through Dec 2025 stood at $19.7 billion (down 0.5% YoY), while the FY2025 annual figure was $19.7 billion, down 2.48% from the prior year.
• Invested Capital was $19.7 billion for Q4 2025 at Tc Energy, down from $22.0 billion in the prior quarter.
• In the past five years, Invested Capital ranged from a high of $31.6 billion in Q3 2021 to a low of $8.3 billion in Q4 2022.
• Historically, Invested Capital has averaged $24.1 billion across 5 years, with a median of $24.8 billion in 2021.
• The sharpest annual moves came in 2021 and 2022: Invested Capital surged 356.04% in 2021, then plunged 60.67% in 2022.
• A 5-year view of Invested Capital shows it stood at $21.2 billion in 2021, then slumped by 60.67% to $8.3 billion in 2022, then soared by 160.44% to $21.7 billion in 2023, then decreased by 9.01% to $19.8 billion in 2024, then dropped by 0.5% to $19.7 billion in 2025.
• The last three Invested Capital figures came in at $19.7 billion (Q4 2025), $22.0 billion (Q3 2025), and $22.1 billion (Q2 2025), per Business Quant data.