Tc Energy (TCNCF) Operating Income (2009 - 2025)

Tc Energy (TCNCF) posted Operating Income 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) Operating Income (2009 - 2025) Analysis & Trends

Tc Energy has disclosed Operating Income across 15 years of filings, most recently posting $2.0 billion for Q4 2025.

  • Operating Income 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.
  • Operating Income 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, Operating Income for TCNCF reached as high as $2.4 billion in Q1 2024 and fell as low as $55.1 million in Q4 2024.
  • Median Operating Income over the past 4 years was $1.9 billion (2022), compared with a mean of $1.8 billion.
  • Year-over-year, Operating Income plunged 97.57% in 2024 and jumped 3590.78% in 2025.
  • Over 4 years, Operating Income stood at $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 Operating Income 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) Op. Inc (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 846.90 Mn
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn 1.21 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 361.00 Mn
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn 1.15 Bn
10 Tc Energy - - 2.95 Bn 2.03 Bn

Historic Data

Download Data
DateValue
Dec 31, 2025 2.03 Bn
Sep 30, 2025 1.82 Bn
Jun 30, 2025 1.81 Bn
Mar 31, 2025 1.79 Bn
Jun 30, 2024 2.17 Bn
Dec 31, 2023 2.27 Bn
Sep 30, 2023 1.86 Bn
Jun 30, 2023 1.87 Bn
Mar 31, 2023 2.06 Bn
Dec 31, 2022 1.86 Bn
Mar 31, 2022 1.87 Bn
Dec 31, 2019 1.64 Bn
Sep 30, 2019 -1,513.63 Bn
Jun 30, 2019 1.76 Bn
Mar 31, 2019 1.73 Bn
Mar 31, 2018 1.55 Bn
Dec 31, 2017 1.58 Bn
Sep 30, 2017 1.31 Bn
Jun 30, 2017 1.23 Bn
Mar 31, 2017 1.40 Bn