Tc Energy (TNCAF) Retained Earnings (2009 - 2025)
Tc Energy (TNCAF) posted Retained Earnings of -$4.2 billion for Q4 2025, up 2.97% on a QoQ basis from -$4.4 billion in Q3 2025, and down 13.25% year-on-year from -$4.9 billion in Q4 2024.
Tc Energy (TNCAF) Retained Earnings (2009 - 2025) Analysis & Trends
Tc Energy has disclosed Retained Earnings across 17 years of filings, most recently posting -$4.2 billion for Q4 2025.
- Retained Earnings for Q4 2025 came in at -$4.2 billion, down 13.25% year-over-year; the trailing twelve-month figure through Dec 2025 was -$4.2 billion (down 13.25% YoY), and the FY2025 annual result was -$4.2 billion, down 10.78% from the prior year.
- Retained Earnings came in at -$4.2 billion for Q4 2025 at Tc Energy, up from -$4.4 billion in the prior quarter.
- Over the last five years, Retained Earnings for TNCAF reached as high as $3.0 billion in Q4 2021 and fell as low as -$4.4 billion in Q3 2025.
- Median Retained Earnings over the past 5 years was $478.9 million (2023), compared with a mean of -$340.9 million.
- Year-over-year, Retained Earnings gained 5.72% in 2022 and tumbled 685.76% in 2024.
- Over 5 years, Retained Earnings stood at $3.0 billion in 2021, then sank by 79.84% to $603.4 million in 2022, then sank by 464.86% to -$2.2 billion in 2023, then plunged by 70.43% to -$3.8 billion in 2024, then slipped by 13.25% to -$4.2 billion in 2025.
- Per Business Quant, the three latest TNCAF Retained Earnings figures stand at -$4.2 billion (Q4 2025), -$4.4 billion (Q3 2025), and -$4.1 billion (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | -14.30 Bn |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | -9.86 Bn |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | -15.00 Mn |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 72.00 Mn |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | -14.70 Mn |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 5.00 Mn |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 2.47 Bn |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | -2.86 Bn |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 5.16 Bn |
| 10 | Tc Energy | - | - | 2.95 Bn | -4.25 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -4.25 Bn |
| Sep 30, 2025 | -4.38 Bn |
| Jun 30, 2025 | -4.14 Bn |
| Mar 31, 2025 | -3.59 Bn |
| Dec 31, 2024 | -3.75 Bn |
| Sep 30, 2024 | -1.74 Bn |
| Jun 30, 2024 | -2.08 Bn |
| Mar 31, 2024 | -2.06 Bn |
| Dec 31, 2023 | -2.20 Bn |
| Sep 30, 2023 | 820.52 Mn |
| Jun 30, 2023 | 354.36 Mn |
| Mar 31, 2023 | 874.32 Mn |
| Dec 31, 2022 | 603.36 Mn |
| Sep 30, 2022 | 2.44 Bn |
| Jun 30, 2022 | 2.55 Bn |
| Mar 31, 2022 | 2.57 Bn |
| Dec 31, 2021 | 2.99 Bn |
| Sep 30, 2021 | 2.80 Bn |
| Jun 30, 2021 | 2.93 Bn |
| Mar 31, 2021 | 2.44 Bn |