Tc Energy (TCENF) Total Debt (2009 - 2025)
Tc Energy (TCENF) posted Total Debt of $33.6 billion for Q4 2025, down 2.24% on a QoQ basis from $34.3 billion in Q3 2025, and down 2.21% year-on-year from $34.3 billion in Q4 2024.
Tc Energy (TCENF) Total Debt (2009 - 2025) Analysis & Trends
Tc Energy has disclosed Total Debt across 17 years of filings, most recently posting $33.6 billion for Q4 2025.
- Total Debt for Q4 2025 came in at $33.6 billion, down 2.21% year-over-year; the trailing twelve-month figure through Dec 2025 was $33.6 billion (down 2.21% YoY), and the FY2025 annual result was $33.5 billion, down 4.34% from the prior year.
- Total Debt came in at $33.6 billion for Q4 2025 at Tc Energy, down from $34.3 billion in the prior quarter.
- Over the last five years, Total Debt for TCENF reached as high as $44.0 billion in Q3 2024 and fell as low as $30.2 billion in Q1 2022.
- Median Total Debt over the past 5 years was $33.9 billion (2021), compared with a mean of $35.0 billion.
- Year-over-year, Total Debt grew 27.04% in 2023 and fell 21.95% in 2025.
- Over 5 years, Total Debt 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.
- Per Business Quant, the three latest TCENF Total Debt figures stand at $33.6 billion (Q4 2025), $34.3 billion (Q3 2025), and $33.5 billion (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 78.78 Bn |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 32.06 Bn |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 33.91 Bn |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 69.34 Bn |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 19.13 Bn |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 25.63 Bn |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 32.01 Bn |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 14.22 Bn |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 36.58 Bn |
| 10 | Tc Energy | - | - | 2.95 Bn | 33.55 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |