Tc Energy (TNCAF) Invested Capital (2009 - 2025)

Tc Energy has disclosed Invested Capital across 17 years of filings, most recently posting $19.7 billion for Q4 2025.

• Invested Capital for Q4 2025 came in at $19.7 billion, down 0.5% year-over-year; the trailing twelve-month figure through Dec 2025 was $19.7 billion (down 0.5% YoY), and the FY2025 annual result was $19.6 billion, down 2.67% from the prior year.
• Invested Capital came in at $19.7 billion for Q4 2025 at Tc Energy, down from $22.0 billion in the prior quarter.
• Over the last five years, Invested Capital for TNCAF reached as high as $31.6 billion in Q3 2021 and fell as low as $8.3 billion in Q4 2022.
• Median Invested Capital over the past 5 years was $24.8 billion (2021), compared with a mean of $24.1 billion.
• Year-over-year, Invested Capital soared 356.04% in 2021 and tumbled 60.67% in 2022.
• Over 5 years, Invested Capital stood at $21.2 billion in 2021, then plunged by 60.67% to $8.3 billion in 2022, then soared by 160.44% to $21.7 billion in 2023, then decreased by 9.01% to $19.8 billion in 2024, then dropped by 0.5% to $19.7 billion in 2025.
• Per Business Quant, the three latest TNCAF Invested Capital figures stand at $19.7 billion (Q4 2025), $22.0 billion (Q3 2025), and $22.1 billion (Q2 2025).