Tc Energy (TNCAF) Equity Average (2009 - 2025)

Tc Energy's Equity Average history runs 17 years deep, the most recent figure standing at $19.8 billion for Q4 2025.

• In Q4 2025, Equity Average fell 6.05% year-over-year to $19.8 billion; the TTM figure through Dec 2025 stood at $19.8 billion (down 6.05% YoY), while the FY2025 annual figure was $19.9 billion, down 5.54% from the prior year.
• Equity Average was $19.8 billion for Q4 2025 at Tc Energy, down from $19.9 billion in the prior quarter.
• In the past five years, Equity Average ranged from a high of $26.5 billion in Q3 2022 to a low of $11.5 billion in Q1 2021.
• Historically, Equity Average has averaged $21.5 billion across 5 years, with a median of $22.2 billion in 2024.
• The sharpest annual moves came in 2021 and 2023: Equity Average jumped 110.49% in 2021, then slumped 44.43% in 2023.
• A 5-year view of Equity Average shows it stood at $23.5 billion in 2021, then slumped by 40.27% to $14.0 billion in 2022, then soared by 66.96% to $23.4 billion in 2023, then decreased by 10.1% to $21.0 billion in 2024, then retreated by 6.05% to $19.8 billion in 2025.
• The last three Equity Average figures came in at $19.8 billion (Q4 2025), $19.9 billion (Q3 2025), and $19.6 billion (Q2 2025), per Business Quant data.