Tc Energy (TCNCF) EBITDA (2009 - 2025)

Tc Energy (TCNCF) posted EBITDA of $2.0 billion for Q4 2025, up 12.03% on a QoQ basis from $1.8 billion in Q3 2025, and up 3590.78% year-on-year from $55.1 million in Q4 2024.

Tc Energy (TCNCF) EBITDA (2009 - 2025) Analysis & Trends

Tc Energy has disclosed EBITDA across 17 years of filings, most recently posting $2.0 billion for Q4 2025.

  • EBITDA for Q4 2025 came in at $2.0 billion, up 3590.78% year-over-year; the trailing twelve-month figure through Dec 2025 was $7.5 billion (up 10.82% YoY), and the FY2025 annual result was $7.5 billion, up 11.62% from the prior year.
  • EBITDA came in at $2.0 billion for Q4 2025 at Tc Energy, up from $1.8 billion in the prior quarter.
  • Over the last five years, EBITDA for TCNCF reached as high as $2.4 billion in Q1 2024 and fell as low as -$647.9 million in Q1 2021.
  • Median EBITDA over the past 5 years was $1.8 billion (2022), compared with a mean of $1.5 billion.
  • Year-over-year, EBITDA slumped 151.12% in 2021 and jumped 3590.78% in 2025.
  • Over 5 years, EBITDA stood at $654.5 million in 2021, then soared by 184.21% to $1.9 billion in 2022, then increased by 22.02% to $2.3 billion in 2023, then sank by 97.57% to $55.1 million in 2024, then jumped by 3590.78% to $2.0 billion in 2025.
  • Per Business Quant, the three latest TCNCF EBITDA figures stand at $2.0 billion (Q4 2025), $1.8 billion (Q3 2025), and $1.8 billion (Q2 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn 2.35 Bn
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn 1.44 Bn
3 Enterprise Products Partners 79.55 Bn 78.40 Bn - 1.90 Bn
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn 2.98 Bn
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn 1.17 Bn
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn 1.53 Bn
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn 1.43 Bn
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn 534.00 Mn
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn 1.40 Bn
10 Tc Energy - - 2.95 Bn 39.75 Bn

Historic Data

Download Data
DateValue
Dec 31, 2025 39.75 Bn
Sep 30, 2025 1.82 Bn
Jun 30, 2025 1.81 Bn
Mar 31, 2025 1.79 Bn
Dec 31, 2024 39.23 Bn
Sep 30, 2024 1.92 Bn
Jun 30, 2024 2.17 Bn
Mar 31, 2024 1.64 Bn
Dec 31, 2023 41.20 Bn
Sep 30, 2023 1.86 Bn
Jun 30, 2023 1.87 Bn
Mar 31, 2023 2.06 Bn
Dec 31, 2022 39.86 Bn
Sep 30, 2022 1.27 Bn
Jun 30, 2022 1.33 Bn
Mar 31, 2022 1.87 Bn
Dec 31, 2021 654.50 Mn
Sep 30, 2021 1.23 Bn
Jun 30, 2021 1.42 Bn
Mar 31, 2021 -647.88 Mn