Tc Energy (TCEYF) Equity Average (2009 - 2025)

Tc Energy (TCEYF) posted Equity Average of $19.8 billion for Q4 2025, down 0.72% on a QoQ basis from $19.9 billion in Q3 2025, and down 6.05% year-on-year from $21.0 billion in Q4 2024.

Tc Energy (TCEYF) Equity Average (2009 - 2025) Analysis & Trends

Tc Energy has disclosed Equity Average across 17 years of filings, most recently posting $19.8 billion for Q4 2025.

  • Equity Average for Q4 2025 came in at $19.8 billion, down 6.05% year-over-year; the trailing twelve-month figure through Dec 2025 was $19.8 billion (down 6.05% YoY), and the FY2025 annual result was $19.8 billion, down 5.63% from the prior year.
  • Equity Average came in at $19.8 billion for Q4 2025 at Tc Energy, down from $19.9 billion in the prior quarter.
  • Over the last five years, Equity Average for TCEYF reached as high as $26.5 billion in Q3 2022 and fell as low as $11.5 billion in Q1 2021.
  • Median Equity Average over the past 5 years was $22.2 billion (2024), compared with a mean of $21.5 billion.
  • Year-over-year, Equity Average surged 110.49% in 2021 and sank 44.43% in 2023.
  • Over 5 years, Equity Average stood at $23.5 billion in 2021, then plunged by 40.27% to $14.0 billion in 2022, then soared by 66.96% to $23.4 billion in 2023, then decreased by 10.1% to $21.0 billion in 2024, then retreated by 6.05% to $19.8 billion in 2025.
  • Per Business Quant, the three latest TCEYF Equity Average figures stand at $19.8 billion (Q4 2025), $19.9 billion (Q3 2025), and $19.6 billion (Q2 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Avg. (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn 47.06 Bn
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn 31.89 Bn
3 Enterprise Products Partners 79.55 Bn 78.40 Bn - 30.04 Bn
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn 41.74 Bn
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn 3.23 Bn
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn 14.30 Bn
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn 22.51 Bn
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn 246.00 Mn
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn 8.73 Bn
10 Tc Energy - - 2.95 Bn 19.76 Bn

Historic Data

Download Data
DateValue
Dec 31, 2025 19.76 Bn
Sep 30, 2025 19.91 Bn
Jun 30, 2025 19.58 Bn
Mar 31, 2025 19.53 Bn
Dec 31, 2024 21.04 Bn
Sep 30, 2024 22.17 Bn
Jun 30, 2024 22.18 Bn
Mar 31, 2024 22.02 Bn
Dec 31, 2023 23.40 Bn
Sep 30, 2023 25.14 Bn
Jun 30, 2023 25.38 Bn
Mar 31, 2023 13.09 Bn
Dec 31, 2022 14.02 Bn
Sep 30, 2022 26.52 Bn
Jun 30, 2022 25.76 Bn
Mar 31, 2022 23.55 Bn
Dec 31, 2021 23.46 Bn
Sep 30, 2021 25.89 Bn
Jun 30, 2021 25.46 Bn
Mar 31, 2021 11.51 Bn