Tc Energy (TCANF) Invested Capital (2009 - 2025)
Tc Energy (TCANF) posted Invested Capital of $19.7 billion for Q4 2025, down 10.84% on a QoQ basis from $22.0 billion in Q3 2025, and down 0.5% year-on-year from $19.8 billion in Q4 2024.
Tc Energy (TCANF) Invested Capital (2009 - 2025) Analysis & Trends
Tc Energy has disclosed Invested Capital across 17 years of filings, most recently posting $19.7 billion for Q4 2025.
- Invested Capital for Q4 2025 came in at $19.7 billion, down 0.5% year-over-year; the trailing twelve-month figure through Dec 2025 was $19.7 billion (down 0.5% YoY), and the FY2025 annual result was $19.6 billion, down 2.67% from the prior year.
- Invested Capital came in at $19.7 billion for Q4 2025 at Tc Energy, down from $22.0 billion in the prior quarter.
- Over the last five years, Invested Capital for TCANF reached as high as $31.6 billion in Q3 2021 and fell as low as $8.3 billion in Q4 2022.
- Median Invested Capital over the past 5 years was $24.8 billion (2021), compared with a mean of $24.1 billion.
- Year-over-year, Invested Capital soared 356.04% in 2021 and tumbled 60.67% in 2022.
- Over 5 years, Invested Capital stood at $21.2 billion in 2021, then plunged 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.
- Per Business Quant, the three latest TCANF Invested Capital figures stand at $19.7 billion (Q4 2025), $22.0 billion (Q3 2025), and $22.1 billion (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 59.19 Bn |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 61.04 Bn |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 33.06 Bn |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 103.80 Bn |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 21.59 Bn |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 40.30 Bn |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 54.45 Bn |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 12.69 Bn |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 47.30 Bn |
| 10 | Tc Energy | 10.37 Bn | 11.56 Bn | 2.95 Bn | 19.65 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 19.65 Bn |
| Sep 30, 2025 | 22.04 Bn |
| Jun 30, 2025 | 22.11 Bn |
| Mar 31, 2025 | 21.02 Bn |
| Dec 31, 2024 | 19.75 Bn |
| Sep 30, 2024 | 25.54 Bn |
| Jun 30, 2024 | 24.72 Bn |
| Mar 31, 2024 | 24.63 Bn |
| Dec 31, 2023 | 21.71 Bn |
| Sep 30, 2023 | 26.67 Bn |
| Jun 30, 2023 | 27.23 Bn |
| Mar 31, 2023 | 27.23 Bn |
| Dec 31, 2022 | 8.34 Bn |
| Sep 30, 2022 | 28.26 Bn |
| Jun 30, 2022 | 26.87 Bn |
| Mar 31, 2022 | 26.94 Bn |
| Dec 31, 2021 | 21.19 Bn |
| Sep 30, 2021 | 31.59 Bn |
| Jun 30, 2021 | 30.93 Bn |
| Mar 31, 2021 | 24.89 Bn |