Tc Energy (TNCAF) EBT (2009 - 2025)
Tc Energy (TNCAF) posted EBT of $1.0 billion for Q4 2025, up 15.85% on a QoQ basis from $881.4 million in Q3 2025, and down 5.09% year-on-year from $1.1 billion in Q4 2024.
Tc Energy (TNCAF) EBT (2009 - 2025) Analysis & Trends
Tc Energy has disclosed EBT across 17 years of filings, most recently posting $1.0 billion for Q4 2025.
- EBT for Q4 2025 came in at $1.0 billion, down 5.09% year-over-year; the trailing twelve-month figure through Dec 2025 was $3.9 billion (down 9.79% YoY), and the FY2025 annual result was $3.9 billion, down 9.67% from the prior year.
- EBT came in at $1.0 billion for Q4 2025 at Tc Energy, up from $881.4 million in the prior quarter.
- Over the last five years, EBT for TNCAF reached as high as $1.3 billion in Q3 2024 and fell as low as -$1.1 billion in Q1 2021.
- Median EBT over the past 5 years was $915.4 million (2021), compared with a mean of $693.6 million.
- Year-over-year, EBT slumped 231.34% in 2021 and soared 4733.98% in 2024.
- Over 5 years, EBT stood at $1.1 billion in 2021, then slumped by 191.83% to -$1.0 billion in 2022, then soared by 211.57% to $1.2 billion in 2023, then fell by 7.82% to $1.1 billion in 2024, then retreated by 5.09% to $1.0 billion in 2025.
- Per Business Quant, the three latest TNCAF EBT figures stand at $1.0 billion (Q4 2025), $881.4 million (Q3 2025), and $966.4 million (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 1.72 Bn |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 1.29 Bn |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 1.52 Bn |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 2.11 Bn |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 611.30 Mn |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 923.00 Mn |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 1.02 Bn |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 183.00 Mn |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 736.00 Mn |
| 10 | Tc Energy | - | - | 2.95 Bn | 1.02 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 1.02 Bn |
| Sep 30, 2025 | 881.41 Mn |
| Jun 30, 2025 | 966.37 Mn |
| Mar 31, 2025 | 1.02 Bn |
| Dec 31, 2024 | 1.08 Bn |
| Sep 30, 2024 | 1.35 Bn |
| Jun 30, 2024 | 832.04 Mn |
| Mar 31, 2024 | 1.06 Bn |
| Dec 31, 2023 | 1.17 Bn |
| Sep 30, 2023 | -29.09 Mn |
| Jun 30, 2023 | 399.77 Mn |
| Mar 31, 2023 | 1.25 Bn |
| Dec 31, 2022 | -1.05 Bn |
| Sep 30, 2022 | 760.61 Mn |
| Jun 30, 2022 | 846.30 Mn |
| Mar 31, 2022 | 570.79 Mn |
| Dec 31, 2021 | 1.14 Bn |
| Sep 30, 2021 | 757.07 Mn |
| Jun 30, 2021 | 949.39 Mn |
| Mar 31, 2021 | -1.10 Bn |