Tc Energy (TCEYF) Retained Earnings (2009 - 2025)
Tc Energy (TCEYF) recorded quarterly Retained Earnings of -$4.2 billion in Q4 2025, up 2.97% quarter-over-quarter from -$4.4 billion in Q3 2025, and down 13.25% on a YoY basis from -$4.9 billion in Q4 2024.
Tc Energy (TCEYF) Retained Earnings (2009 - 2025) Analysis & Trends
Tc Energy's Retained Earnings history runs 17 years deep, the most recent figure standing at -$4.2 billion for Q4 2025.
- In Q4 2025, Retained Earnings fell 13.25% year-over-year to -$4.2 billion; the TTM figure through Dec 2025 stood at -$4.2 billion (down 13.25% YoY), while the FY2025 annual figure was -$4.2 billion, down 10.99% from the prior year.
- Retained Earnings was -$4.2 billion for Q4 2025 at Tc Energy, up from -$4.4 billion in the prior quarter.
- In the past five years, Retained Earnings ranged from a high of $3.0 billion in Q4 2021 to a low of -$4.4 billion in Q3 2025.
- Historically, Retained Earnings has averaged -$340.9 million across 5 years, with a median of $478.9 million in 2023.
- The sharpest annual moves came in 2022 and 2024: Retained Earnings rose 5.72% in 2022, then plunged 685.76% in 2024.
- A 5-year view of Retained Earnings shows it stood at $3.0 billion in 2021, then tumbled by 79.84% to $603.4 million in 2022, then tumbled by 464.86% to -$2.2 billion in 2023, then slumped by 70.43% to -$3.8 billion in 2024, then slipped by 13.25% to -$4.2 billion in 2025.
- The last three Retained Earnings figures came in at -$4.2 billion (Q4 2025), -$4.4 billion (Q3 2025), and -$4.1 billion (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | -14.30 Bn |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | -15.00 Mn |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | -9.86 Bn |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 72.00 Mn |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | 1.63 Bn |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 5.00 Mn |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | -14.70 Mn |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 2.47 Bn |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | -4.25 Bn |
| 10 | Tc Energy | - | - | 2.95 Bn | -4.25 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -4.25 Bn |
| Sep 30, 2025 | -4.38 Bn |
| Jun 30, 2025 | -4.14 Bn |
| Mar 31, 2025 | -3.59 Bn |
| Dec 31, 2024 | -3.75 Bn |
| Sep 30, 2024 | -1.74 Bn |
| Jun 30, 2024 | -2.08 Bn |
| Mar 31, 2024 | -2.06 Bn |
| Dec 31, 2023 | -2.20 Bn |
| Sep 30, 2023 | 820.52 Mn |
| Jun 30, 2023 | 354.36 Mn |
| Mar 31, 2023 | 874.32 Mn |
| Dec 31, 2022 | 603.36 Mn |
| Sep 30, 2022 | 2.44 Bn |
| Jun 30, 2022 | 2.55 Bn |
| Mar 31, 2022 | 2.57 Bn |
| Dec 31, 2021 | 2.99 Bn |
| Sep 30, 2021 | 2.80 Bn |
| Jun 30, 2021 | 2.93 Bn |
| Mar 31, 2021 | 2.44 Bn |