Tc Energy (TNCAF) Capital Expenditures (2009 - 2025)

Tc Energy's Capital Expenditures history runs 17 years deep, the most recent figure standing at $965.2 million for Q4 2025.

• In Q4 2025, Capital Expenditures rose 182.22% year-over-year to $965.2 million; the TTM figure through Dec 2025 stood at -$233.5 million (up 94.93% YoY), while the FY2025 annual figure was -$3.8 billion, up 17.98% from the prior year.
• Capital Expenditures was $965.2 million for Q4 2025 at Tc Energy, up from -$911.9 million in the prior quarter.
• In the past five years, Capital Expenditures ranged from a high of $965.2 million in Q4 2025 to a low of -$1.5 billion in Q4 2022.
• Historically, Capital Expenditures has averaged -$1.0 billion across 5 years, with a median of -$1.2 billion in 2022.
• The sharpest annual moves came in 2023 and 2025: Capital Expenditures slumped 51.65% in 2023, then jumped 182.22% in 2025.
• A 5-year view of Capital Expenditures shows it stood at -$1.3 billion in 2021, then declined by 18.73% to -$1.5 billion in 2022, then increased by 0.68% to -$1.5 billion in 2023, then climbed by 22.49% to -$1.2 billion in 2024, then surged by 182.22% to $965.2 million in 2025.
• The last three Capital Expenditures figures came in at $965.2 million (Q4 2025), -$911.9 million (Q3 2025), and $800.4 million (Q2 2025), per Business Quant data.