Tc Energy (TCANF) Preferred Shares (2009 - 2025)
Tc Energy (TCANF) recorded quarterly Preferred Shares of $1.6 billion in Q4 2025, down 10.95% quarter-over-quarter from $1.8 billion in Q3 2025, and down 9.61% on a YoY basis from $1.8 billion in Q4 2024.
Tc Energy (TCANF) Preferred Shares (2009 - 2025) Analysis & Trends
Tc Energy's Preferred Shares history runs 17 years deep, the most recent figure standing at $1.6 billion for Q4 2025.
- In Q4 2025, Preferred Shares fell 9.61% year-over-year to $1.6 billion; the TTM figure through Dec 2025 stood at $1.6 billion (down 9.61% YoY), while the FY2025 annual figure was $1.6 billion, down 11.41% from the prior year.
- Preferred Shares was $1.6 billion for Q4 2025 at Tc Energy, down from $1.8 billion in the prior quarter.
- In the past five years, Preferred Shares ranged from a high of $3.1 billion in Q1 2021 to a low of $1.6 billion in Q4 2025.
- Historically, Preferred Shares has averaged $2.1 billion across 5 years, with a median of $1.9 billion in 2023.
- The sharpest annual moves came in 2021 and 2022: Preferred Shares climbed 5.93% in 2021, then tumbled 33.45% in 2022.
- A 5-year view of Preferred Shares shows it stood at $2.8 billion in 2021, then sank by 33.45% to $1.8 billion in 2022, then retreated by 0.29% to $1.8 billion in 2023, then fell by 2.54% to $1.8 billion in 2024, then decreased by 9.61% to $1.6 billion in 2025.
- The last three Preferred Shares figures came in at $1.6 billion (Q4 2025), $1.8 billion (Q3 2025), and $1.8 billion (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Preferred Shares (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 4.97 Bn |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | - |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | - |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 3.39 Bn |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | - |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | - |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | - |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | - |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 1.62 Bn |
| 10 | Tc Energy | - | - | 2.95 Bn | 1.62 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 1.62 Bn |
| Sep 30, 2025 | 1.82 Bn |
| Jun 30, 2025 | 1.80 Bn |
| Mar 31, 2025 | 1.74 Bn |
| Dec 31, 2024 | 1.79 Bn |
| Sep 30, 2024 | 1.83 Bn |
| Jun 30, 2024 | 1.83 Bn |
| Mar 31, 2024 | 1.85 Bn |
| Dec 31, 2023 | 1.84 Bn |
| Sep 30, 2023 | 1.86 Bn |
| Jun 30, 2023 | 1.86 Bn |
| Mar 31, 2023 | 1.85 Bn |
| Dec 31, 2022 | 1.84 Bn |
| Sep 30, 2022 | 1.92 Bn |
| Jun 30, 2022 | 1.96 Bn |
| Mar 31, 2022 | 2.75 Bn |
| Dec 31, 2021 | 2.77 Bn |
| Sep 30, 2021 | 2.77 Bn |
| Jun 30, 2021 | 2.84 Bn |
| Mar 31, 2021 | 3.14 Bn |