Tc Energy (TCEYF) Operating Expenses (2009 - 2025)

Tc Energy (TCEYF) posted Operating Expenses of $915.0 million for Q4 2025, up 9.4% on a QoQ basis from $836.4 million in Q3 2025, and up 6.43% year-on-year from $859.7 million in Q4 2024.

Tc Energy (TCEYF) Operating Expenses (2009 - 2025) Analysis & Trends

Tc Energy has disclosed Operating Expenses across 17 years of filings, most recently posting $915.0 million for Q4 2025.

  • Operating Expenses for Q4 2025 came in at $915.0 million, up 6.43% year-over-year; the trailing twelve-month figure through Dec 2025 was $3.3 billion (up 2.69% YoY), and the FY2025 annual result was $3.3 billion, up 2.56% from the prior year.
  • Operating Expenses came in at $915.0 million for Q4 2025 at Tc Energy, up from $836.4 million in the prior quarter.
  • Over the last five years, Operating Expenses for TCEYF reached as high as $1.0 billion in Q4 2022 and fell as low as -$868.7 million in Q4 2021.
  • Median Operating Expenses over the past 5 years was $825.1 million (2023), compared with a mean of $764.7 million.
  • Year-over-year, Operating Expenses slumped 207.96% in 2021 and jumped 219.66% in 2022.
  • Over 5 years, Operating Expenses stood at -$868.7 million in 2021, then jumped by 219.66% to $1.0 billion in 2022, then decreased by 21.71% to $813.9 million in 2023, then increased by 5.64% to $859.7 million in 2024, then advanced by 6.43% to $915.0 million in 2025.
  • Per Business Quant, the three latest TCEYF Operating Expenses figures stand at $915.0 million (Q4 2025), $836.4 million (Q3 2025), and $853.1 million (Q2 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn 13.95 Bn
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn 3.38 Bn
3 Enterprise Products Partners 79.55 Bn 78.40 Bn - 12.50 Bn
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn 1.70 Bn
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn 333.70 Mn
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn 1.82 Bn
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn 7.00 Mn
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn 274.00 Mn
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn 3.45 Bn
10 Tc Energy - - 2.95 Bn 915.00 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 915.00 Mn
Sep 30, 2025 836.36 Mn
Jun 30, 2025 853.06 Mn
Mar 31, 2025 703.89 Mn
Dec 31, 2024 859.73 Mn
Sep 30, 2024 812.96 Mn
Jun 30, 2024 789.63 Mn
Mar 31, 2024 759.18 Mn
Dec 31, 2023 813.87 Mn
Sep 30, 2023 948.08 Mn
Jun 30, 2023 905.25 Mn
Mar 31, 2023 781.86 Mn
Dec 31, 2022 1.04 Bn
Sep 30, 2022 1.03 Bn
Jun 30, 2022 920.03 Mn
Mar 31, 2022 794.21 Mn
Dec 31, 2021 -868.70 Mn
Sep 30, 2021 921.51 Mn
Jun 30, 2021 780.17 Mn
Mar 31, 2021 700.03 Mn