Tc Energy (TCEYF) Cost of Revenue (2009 - 2025)
Tc Energy (TCEYF) posted Cost of Revenue of $39.4 million for Q4 2025, up 0.51% on a QoQ basis from $39.2 million in Q3 2025, and down 32.81% year-on-year from $58.7 million in Q4 2024.
Tc Energy (TCEYF) Cost of Revenue (2009 - 2025) Analysis & Trends
Tc Energy has disclosed Cost of Revenue across 15 years of filings, most recently posting $39.4 million for Q4 2025.
- Cost of Revenue for Q4 2025 came in at $39.4 million, down 32.81% year-over-year; the trailing twelve-month figure through Dec 2025 was $148.9 million (down 5.77% YoY), and the FY2025 annual result was $148.9 million, down 6.07% from the prior year.
- Cost of Revenue came in at $39.4 million for Q4 2025 at Tc Energy, up from $39.2 million in the prior quarter.
- Over the last five years, Cost of Revenue for TCEYF reached as high as $135.7 million in Q2 2022 and fell as low as $27.9 million in Q4 2023.
- Median Cost of Revenue over the past 4 years was $49.1 million (2024), compared with a mean of $64.0 million.
- On a YoY basis, Cost of Revenue climbed as much as 110.3% in 2024 and fell as far as 74.05% in 2024.
- Over 4 years, Cost of Revenue stood at $77.4 million in 2022, then tumbled by 63.92% to $27.9 million in 2023, then soared by 110.3% to $58.7 million in 2024, then slumped by 32.81% to $39.4 million in 2025.
- Per Business Quant, the three latest TCEYF Cost of Revenue figures stand at $39.4 million (Q4 2025), $39.2 million (Q3 2025), and $35.4 million (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 9.60 Bn |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 1.75 Bn |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | - |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 21.15 Bn |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 2.39 Bn |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 498.00 Mn |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 7.05 Bn |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 2.76 Bn |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 270.00 Mn |
| 10 | Tc Energy | - | - | 2.95 Bn | 39.44 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 39.44 Mn |
| Dec 31, 2025 | 39.44 Mn |
| Sep 30, 2025 | 39.24 Mn |
| Sep 30, 2025 | 39.24 Mn |
| Jun 30, 2025 | 35.36 Mn |
| Jun 30, 2025 | 35.36 Mn |
| Mar 31, 2025 | 34.85 Mn |
| Mar 31, 2025 | 34.85 Mn |
| Dec 31, 2024 | 58.70 Mn |
| Dec 31, 2024 | 58.70 Mn |
| Sep 30, 2024 | 34.45 Mn |
| Sep 30, 2024 | 34.45 Mn |
| Jun 30, 2024 | 29.98 Mn |
| Jun 30, 2024 | 29.98 Mn |
| Mar 31, 2024 | 34.88 Mn |
| Mar 31, 2024 | 34.88 Mn |
| Dec 31, 2023 | 27.91 Mn |
| Dec 31, 2023 | 27.91 Mn |
| Sep 30, 2023 | 132.78 Mn |
| Sep 30, 2023 | 132.78 Mn |