Tc Energy (TNCAF) Asset Writedowns and Impairment (2016 - 2024)
Tc Energy (TNCAF) posted Asset Writedowns and Impairment of -$15.0 million for Q4 2024, down 197.65% on a QoQ basis from $15.4 million in Q3 2024, and down 411.64% year-over-year from $4.8 million in Q1 2024.
Analysis
Tc Energy (TNCAF) Asset Writedowns and Impairment (2016 - 2024) Analysis & Trends
Tc Energy has reported Asset Writedowns and Impairment for 6 years, with the latest figure at -$15.0 million in Q4 2024.
- On a quarterly basis, Asset Writedowns and Impairment fell 411.64% year-over-year to -$15.0 million in Q4 2024; TTM through Dec 2024 was $925.4 million, a 40.77% decrease from a year earlier, with the FY2023 full-year figure at $1.6 billion, down 33.61% from the prior year.
- Asset Writedowns and Impairment was -$15.0 million for Q4 2024 at Tc Energy, down from $15.4 million in the prior quarter.
- The five-year high for Asset Writedowns and Impairment was $2.2 billion in Q1 2021, with the low at -$86.9 million in Q4 2022.
- Average Asset Writedowns and Impairment over 5 years is $350.5 million, with a median of $12.5 million recorded in 2023.
- The sharpest annual moves came in 2021 and 2024: Asset Writedowns and Impairment jumped 2497.94% in 2021, then slumped 411.64% in 2024.
- Over 5 years, Asset Writedowns and Impairment stood at $86.5 million in 2020, then tumbled by 172.44% to -$62.7 million in 2021, then sank by 38.7% to -$86.9 million in 2022, then jumped by 96.62% to -$2.9 million in 2023, then tumbled by 411.64% to -$15.0 million in 2024.
- The last three Asset Writedowns and Impairment figures came in at -$15.0 million (Q4 2024), $15.4 million (Q3 2024), and -$2.9 million (Q4 2023), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Kinder Morgan | 112.43 Bn | 112.31 Bn | 3.07 Bn |
| 2 | Enterprise Products Partners | 85.02 Bn | 84.11 Bn | - |
| 3 | Energy Transfer | 74.51 Bn | 73.47 Bn | 7.40 Bn |
| 4 | Targa Resources | 62.54 Bn | 62.41 Bn | 2.14 Bn |
| 5 | Mplx | 60.94 Bn | 59.91 Bn | 2.73 Bn |
| 6 | Oneok | 60.43 Bn | 60.27 Bn | 2.81 Bn |
| 7 | Enbridge | 55.26 Bn | 55.75 Bn | 5.23 Bn |
| 8 | Gas Transporter Of The South | 22.53 Bn | -3,018.52 Bn | - |
| 9 | Plains All American Pipeline | 18.19 Bn | 17.13 Bn | 1.14 Bn |
| 10 | Tc Energy | 16.13 Bn | 15.60 Bn | 1.80 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2024 | -15.03 Mn |
| Sep 30, 2024 | 15.39 Mn |
| Dec 31, 2023 | -2.94 Mn |
| Sep 30, 2023 | 927.94 Mn |
| Jun 30, 2023 | 627.57 Mn |
| Mar 31, 2023 | 9.62 Mn |
| Dec 31, 2022 | -86.93 Mn |
| Mar 31, 2022 | 450.79 Mn |
| Dec 31, 2021 | -62.67 Mn |
| Jun 30, 2021 | 7.32 Mn |
| Mar 31, 2021 | 2.25 Bn |
| Mar 31, 2020 | 86.52 Mn |
| Dec 31, 2016 | 68.97 Mn |
| Sep 30, 2016 | 832.32 Mn |
| Mar 31, 2016 | 153.72 Mn |