Tc Energy (TNCAF) Operating Income (2009 - 2025)
Tc Energy (TNCAF) recorded quarterly Operating Income of $2.0 billion in Q4 2025, up 12.03% quarter-over-quarter from $1.8 billion in Q3 2025, and up 3590.78% on a YoY basis from $55.1 million in Q4 2024.
Tc Energy (TNCAF) Operating Income (2009 - 2025) Analysis & Trends
Tc Energy's Operating Income history runs 15 years deep, the most recent figure standing at $2.0 billion for Q4 2025.
- In Q4 2025, Operating Income rose 3590.78% year-over-year to $2.0 billion; the TTM figure through Dec 2025 stood at $7.5 billion (up 10.82% YoY), while the FY2025 annual figure was $7.5 billion, up 11.83% from the prior year.
- Operating Income was $2.0 billion for Q4 2025 at Tc Energy, up from $1.8 billion in the prior quarter.
- In the past five years, Operating Income ranged from a high of $2.4 billion in Q1 2024 to a low of $55.1 million in Q4 2024.
- Historically, Operating Income has averaged $1.8 billion across 4 years, with a median of $1.9 billion in 2022.
- The sharpest annual moves came in 2024 and 2025: Operating Income sank 97.57% in 2024, then soared 3590.78% in 2025.
- A 4-year view of Operating Income shows it stood at $1.9 billion in 2022, then increased by 22.02% to $2.3 billion in 2023, then tumbled by 97.57% to $55.1 million in 2024, then jumped by 3590.78% to $2.0 billion in 2025.
- The last three Operating Income figures came in at $2.0 billion (Q4 2025), $1.8 billion (Q3 2025), and $1.8 billion (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 2.35 Bn |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 1.90 Bn |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 1.44 Bn |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 2.98 Bn |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | 219.52 Mn |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 1.21 Bn |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 846.90 Mn |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 1.43 Bn |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 2.03 Bn |
| 10 | Tc Energy | - | - | 2.95 Bn | 2.03 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 2.03 Bn |
| Sep 30, 2025 | 1.82 Bn |
| Jun 30, 2025 | 1.81 Bn |
| Mar 31, 2025 | 1.79 Bn |
| Dec 31, 2024 | 55.12 Mn |
| Sep 30, 2024 | 2.15 Bn |
| Jun 30, 2024 | 2.17 Bn |
| Mar 31, 2024 | 2.35 Bn |
| Dec 31, 2023 | 2.27 Bn |
| Dec 31, 2022 | 1.86 Bn |
| Sep 30, 2022 | 1.79 Bn |
| Jun 30, 2022 | 1.80 Bn |
| Mar 31, 2022 | 1.87 Bn |
| Dec 31, 2019 | -755.69 Bn |
| Sep 30, 2019 | -1,512.14 Bn |
| Jun 30, 2019 | 3.11 Bn |
| Dec 31, 2018 | 3.54 Bn |
| Mar 31, 2018 | 1.55 Bn |
| Dec 31, 2017 | 3.06 Bn |
| Sep 30, 2017 | 2.79 Bn |