Tc Energy (TNCAF) Enterprise Value (2009 - 2025)

Tc Energy (TNCAF) recorded quarterly Enterprise Value of $1.2 billion in Q4 2025, up 261.27% quarter-over-quarter from $329.9 million in Q3 2025, and down 81.69% on a YoY basis from $6.5 billion in Q4 2024.

Tc Energy (TNCAF) Enterprise Value (2009 - 2025) Analysis & Trends

Tc Energy's Enterprise Value history runs 17 years deep, the most recent figure standing at $1.2 billion for Q4 2025.

  • In Q4 2025, Enterprise Value fell 81.69% year-over-year to $1.2 billion; the TTM figure through Dec 2025 stood at $1.2 billion (down 81.69% YoY), while the FY2025 annual figure was $1.2 billion, down 82.05% from the prior year.
  • Enterprise Value was $1.2 billion for Q4 2025 at Tc Energy, up from $329.9 million in the prior quarter.
  • In the past five years, Enterprise Value ranged from a high of $8.0 billion in Q4 2023 to a low of -$1586.6 billion in Q4 2021.
  • Historically, Enterprise Value has averaged -$79.2 billion across 5 years, with a median of -$795.8 million in 2022.
  • The sharpest annual moves came in 2021 and 2023: Enterprise Value plunged 610246.39% in 2021, then jumped 1043.26% in 2023.
  • A 5-year view of Enterprise Value shows it stood at -$1586.6 billion in 2021, then jumped by 99.95% to -$846.5 million in 2022, then surged by 1043.26% to $8.0 billion in 2023, then dropped by 18.48% to $6.5 billion in 2024, then plunged by 81.69% to $1.2 billion in 2025.
  • The last three Enterprise Value figures came in at $1.2 billion (Q4 2025), $329.9 million (Q3 2025), and $225.9 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Enterprise Value (Qtr)
1 Enbridge 88.33 Bn 89.03 Bn 6.70 Bn 700.77 Mn
2 Enterprise Products Partners 80.83 Bn 79.68 Bn - -1.15 Bn
3 Kinder Morgan 69.66 Bn 70.75 Bn 3.08 Bn 1.08 Bn
4 Energy Transfer 65.60 Bn 64.88 Bn 6.62 Bn -719.00 Mn
5 Scorpio Tankers 59.17 Bn 58.19 Bn - -984.32 Mn
6 Mplx 57.43 Bn 55.92 Bn 2.54 Bn -1.51 Bn
7 Targa Resources 56.68 Bn 56.71 Bn 1.70 Bn 32.40 Mn
8 Oneok 55.34 Bn 55.21 Bn 2.57 Bn -131.00 Mn
9 Tc Energy 50.79 Bn 51.99 Bn 2.95 Bn 1.19 Bn
10 Tc Energy - - 2.95 Bn 1.19 Bn

Historic Data

Download Data
DateValue
Dec 31, 2025 1.19 Bn
Sep 30, 2025 329.89 Mn
Jun 30, 2025 225.90 Mn
Mar 31, 2025 5.21 Bn
Dec 31, 2024 6.51 Bn
Sep 30, 2024 111.42 Mn
Jun 30, 2024 -3.98 Bn
Mar 31, 2024 2.65 Bn
Dec 31, 2023 7.98 Bn
Sep 30, 2023 -3.01 Bn
Jun 30, 2023 -4.07 Bn
Mar 31, 2023 -1.77 Bn
Dec 31, 2022 -846.47 Mn
Sep 30, 2022 -2.66 Bn
Jun 30, 2022 -745.12 Mn
Mar 31, 2022 -433.42 Mn
Dec 31, 2021 -1,586.57 Bn
Sep 30, 2021 -2.20 Bn
Jun 30, 2021 -1.74 Bn
Mar 31, 2021 -1.11 Bn