Tc Energy (TCANF) Operating Expenses (2009 - 2025)

Tc Energy's Operating Expenses history runs 17 years deep, the most recent figure standing at $915.0 million for Q4 2025.

• In Q4 2025, Operating Expenses rose 6.43% year-over-year to $915.0 million; the TTM figure through Dec 2025 stood at $3.3 billion (up 2.69% YoY), while the FY2025 annual figure was $3.3 billion, up 2.76% from the prior year.
• Operating Expenses was $915.0 million for Q4 2025 at Tc Energy, up from $836.4 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $1.0 billion in Q4 2022 to a low of -$868.7 million in Q4 2021.
• Historically, Operating Expenses has averaged $764.7 million across 5 years, with a median of $825.1 million in 2023.
• The sharpest annual moves came in 2021 and 2022: Operating Expenses tumbled 207.96% in 2021, then soared 219.66% in 2022.
• A 5-year view of Operating Expenses shows it stood at -$868.7 million in 2021, then jumped by 219.66% to $1.0 billion in 2022, then decreased by 21.71% to $813.9 million in 2023, then increased by 5.64% to $859.7 million in 2024, then advanced by 6.43% to $915.0 million in 2025.
• The last three Operating Expenses figures came in at $915.0 million (Q4 2025), $836.4 million (Q3 2025), and $853.1 million (Q2 2025), per Business Quant data.