Tc Energy (TNCAF) Current Deferred Revenue (2009 - 2025)
Tc Energy (TNCAF) posted Current Deferred Revenue of $4.2 billion for Q4 2025, little changed on a QoQ basis from $4.2 billion in Q3 2025, and up 10.34% year-on-year from $3.8 billion in Q4 2024.
Tc Energy (TNCAF) Current Deferred Revenue (2009 - 2025) Analysis & Trends
Tc Energy has disclosed Current Deferred Revenue across 17 years of filings, most recently posting $4.2 billion for Q4 2025.
- Current Deferred Revenue for Q4 2025 came in at $4.2 billion, up 10.34% year-over-year; the trailing twelve-month figure through Dec 2025 was $4.2 billion (up 10.34% YoY), and the FY2025 annual result was $4.2 billion, up 7.93% from the prior year.
- Current Deferred Revenue came in at $4.2 billion for Q4 2025 at Tc Energy, roughly flat from $4.2 billion in the prior quarter.
- Over the last five years, Current Deferred Revenue for TNCAF reached as high as $4.2 billion in Q3 2025 and fell as low as $3.2 billion in Q1 2021.
- Median Current Deferred Revenue over the past 5 years was $3.5 billion (2023), compared with a mean of $3.6 billion.
- Year-over-year, Current Deferred Revenue grew 20.61% in 2021 and retreated 2.39% in 2022.
- Over 5 years, Current Deferred Revenue stood at $3.4 billion in 2021, then declined by 2.39% to $3.3 billion in 2022, then rose by 3.74% to $3.5 billion in 2023, then gained by 9.89% to $3.8 billion in 2024, then climbed by 10.34% to $4.2 billion in 2025.
- Per Business Quant, the three latest TNCAF Current Deferred Revenue figures stand at $4.2 billion (Q4 2025), $4.2 billion (Q3 2025), and $4.0 billion (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn |
| 10 | Tc Energy | - | - | 2.95 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 4.19 Bn |
| Sep 30, 2025 | 4.19 Bn |
| Jun 30, 2025 | 3.99 Bn |
| Mar 31, 2025 | 3.82 Bn |
| Dec 31, 2024 | 3.80 Bn |
| Sep 30, 2024 | 3.83 Bn |
| Jun 30, 2024 | 3.71 Bn |
| Mar 31, 2024 | 3.71 Bn |
| Dec 31, 2023 | 3.45 Bn |
| Sep 30, 2023 | 3.53 Bn |
| Jun 30, 2023 | 3.52 Bn |
| Mar 31, 2023 | 3.50 Bn |
| Dec 31, 2022 | 3.33 Bn |
| Sep 30, 2022 | 3.37 Bn |
| Jun 30, 2022 | 3.33 Bn |
| Mar 31, 2022 | 3.37 Bn |
| Dec 31, 2021 | 3.41 Bn |
| Sep 30, 2021 | 3.29 Bn |
| Jun 30, 2021 | 3.34 Bn |
| Mar 31, 2021 | 3.21 Bn |