Tc Energy (TNCAF) Equity Income (2011 - 2025)

Tc Energy (TNCAF) posted Equity Income of -$210.8 million for Q4 2025, down 184.1% on a QoQ basis from $250.7 million in Q3 2025, and up 34.55% year-on-year from -$156.7 million in Q4 2024.

Tc Energy (TNCAF) Equity Income (2011 - 2025) Analysis & Trends

Tc Energy has disclosed Equity Income across 15 years of filings, most recently posting -$210.8 million for Q4 2025.

  • Equity Income for Q4 2025 came in at -$210.8 million, up 34.55% year-over-year; the trailing twelve-month figure through Dec 2025 was $490.6 million (up 171.45% YoY), and the FY2025 annual result was -$911.8 million, down 180.13% from the prior year.
  • Equity Income came in at -$210.8 million for Q4 2025 at Tc Energy, down from $250.7 million in the prior quarter.
  • Over the last five years, Equity Income for TNCAF reached as high as $369.5 million in Q4 2023 and fell as low as -$337.9 million in Q3 2024.
  • Median Equity Income over the past 5 years was $178.4 million (2021), compared with a mean of $35.2 million.
  • Year-over-year, Equity Income jumped 364.04% in 2021 and plunged 224.53% in 2022.
  • Over 5 years, Equity Income stood at $172.2 million in 2021, then sank by 224.53% to -$214.4 million in 2022, then soared by 272.34% to $369.5 million in 2023, then tumbled by 187.19% to -$322.1 million in 2024, then soared by 34.55% to -$210.8 million in 2025.
  • Per Business Quant, the three latest TNCAF Equity Income figures stand at -$210.8 million (Q4 2025), $250.7 million (Q3 2025), and $238.2 million (Q2 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Income (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn 394.50 Mn
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn 254.00 Mn
3 Enterprise Products Partners 79.55 Bn 78.40 Bn - 76.00 Mn
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn 110.00 Mn
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn 8.60 Mn
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn 182.00 Mn
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn 89.00 Mn
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 -210.82 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 -210.82 Mn
Sep 30, 2025 250.69 Mn
Jun 30, 2025 238.17 Mn
Mar 31, 2025 212.56 Mn
Dec 31, 2024 322.13 Mn
Sep 30, 2024 -337.94 Mn
Jun 30, 2024 -249.32 Mn
Mar 31, 2024 251.58 Mn
Dec 31, 2023 -382.69 Mn
Sep 30, 2023 -227.51 Mn
Jun 30, 2023 184.62 Mn
Mar 31, 2023 -224.13 Mn
Dec 31, 2022 214.38 Mn
Sep 30, 2022 -246.89 Mn
Jun 30, 2022 -185.10 Mn
Mar 31, 2022 -161.84 Mn
Dec 31, 2021 172.15 Mn
Sep 30, 2021 210.52 Mn
Jun 30, 2021 -127.72 Mn
Mar 31, 2021 -204.64 Mn