Tc Energy (TCENF) Total Debt (2009 - 2025)

Tc Energy (TCENF) recorded quarterly Total Debt of $33.6 billion in Q4 2025, down 2.24% quarter-over-quarter from $34.3 billion in Q3 2025, and down 2.21% on a YoY basis from $34.3 billion in Q4 2024.

Tc Energy (TCENF) Total Debt (2009 - 2025) Analysis & Trends

Tc Energy's Total Debt history runs 17 years deep, the most recent figure standing at $33.6 billion for Q4 2025.

  • In Q4 2025, Total Debt fell 2.21% year-over-year to $33.6 billion; the TTM figure through Dec 2025 stood at $33.6 billion (down 2.21% YoY), while the FY2025 annual figure was $33.6 billion, down 4.16% from the prior year.
  • Total Debt was $33.6 billion for Q4 2025 at Tc Energy, down from $34.3 billion in the prior quarter.
  • In the past five years, Total Debt ranged from a high of $44.0 billion in Q3 2024 to a low of $30.2 billion in Q1 2022.
  • Historically, Total Debt has averaged $35.0 billion across 5 years, with a median of $33.9 billion in 2021.
  • The sharpest annual moves came in 2023 and 2025: Total Debt climbed 27.04% in 2023, then declined 21.95% in 2025.
  • A 5-year view of Total Debt shows it stood at $30.7 billion in 2021, then dropped by 0.22% to $30.6 billion in 2022, then grew by 27.0% to $38.9 billion in 2023, then declined by 11.72% to $34.3 billion in 2024, then dropped by 2.21% to $33.6 billion in 2025.
  • The last three Total Debt figures came in at $33.6 billion (Q4 2025), $34.3 billion (Q3 2025), and $33.5 billion (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Total Debt (Qtr)
1 Enbridge 88.33 Bn 89.03 Bn 6.70 Bn 78.78 Bn
2 Enterprise Products Partners 80.83 Bn 79.68 Bn - 33.91 Bn
3 Kinder Morgan 69.66 Bn 70.75 Bn 3.08 Bn 32.06 Bn
4 Energy Transfer 65.60 Bn 64.88 Bn 6.62 Bn 69.34 Bn
5 Scorpio Tankers 59.17 Bn 58.19 Bn - 581.22 Mn
6 Mplx 57.43 Bn 55.92 Bn 2.54 Bn 25.63 Bn
7 Targa Resources 56.68 Bn 56.71 Bn 1.70 Bn 19.13 Bn
8 Oneok 55.34 Bn 55.21 Bn 2.57 Bn 32.01 Bn
9 Tc Energy 50.79 Bn 51.99 Bn 2.95 Bn 33.55 Bn
10 Tc Energy - - 2.95 Bn 33.55 Bn

Historic Data

Download Data
DateValue
Dec 31, 2025 33.55 Bn
Sep 30, 2025 34.32 Bn
Jun 30, 2025 33.53 Bn
Mar 31, 2025 33.71 Bn
Dec 31, 2024 34.31 Bn
Sep 30, 2024 43.98 Bn
Jun 30, 2024 38.63 Bn
Mar 31, 2024 39.85 Bn
Dec 31, 2023 38.87 Bn
Sep 30, 2023 40.91 Bn
Jun 30, 2023 36.34 Bn
Mar 31, 2023 35.87 Bn
Dec 31, 2022 30.60 Bn
Sep 30, 2022 32.20 Bn
Jun 30, 2022 32.62 Bn
Mar 31, 2022 30.22 Bn
Dec 31, 2021 30.67 Bn
Sep 30, 2021 33.74 Bn
Jun 30, 2021 34.01 Bn
Mar 31, 2021 32.73 Bn