Tc Energy (TNCAF) Shares Outstanding (Diluted Average) (2009 - 2025)
Tc Energy (TNCAF) posted Shares Outstanding (Diluted Average) of $745.8 million for Q4 2025, little changed on a QoQ basis from $743.1 million in Q4 2024, and little changed year-on-year from $743.1 million in Q4 2024.
Tc Energy (TNCAF) Shares Outstanding (Diluted Average) (2009 - 2025) Analysis & Trends
Tc Energy has disclosed Shares Outstanding (Diluted Average) across 17 years of filings, most recently posting $745.8 million for Q4 2025.
- Shares Outstanding (Diluted Average) for Q4 2025 came in at $745.8 million, changed 0.37% year-over-year; the trailing twelve-month figure through Dec 2025 was $745.8 million (changed 0.37% YoY), and the FY2025 annual result was $744.4 million, down 1.82% from the prior year.
- Shares Outstanding (Diluted Average) came in at $745.8 million for Q4 2025 at Tc Energy, roughly flat from $743.1 million in the prior quarter.
- Over the last five years, Shares Outstanding (Diluted Average) for TNCAF reached as high as $772.7 million in Q4 2021 and fell as low as $733.8 million in Q4 2022.
- Median Shares Outstanding (Diluted Average) over the past 5 years was $745.8 million (2025), compared with a mean of $750.4 million.
- Year-over-year, Shares Outstanding (Diluted Average) gained 7.17% in 2021 and fell 5.04% in 2022.
- Over 5 years, Shares Outstanding (Diluted Average) stood at $772.7 million in 2021, then decreased by 5.04% to $733.8 million in 2022, then advanced by 3.11% to $756.6 million in 2023, then decreased by 1.79% to $743.1 million in 2024, then climbed by 0.37% to $745.8 million in 2025.
- Per Business Quant, the three latest TNCAF Shares Outstanding (Diluted Average) figures stand at $745.8 million (Q4 2025), $743.1 million (Q4 2024), and $756.6 million (Q4 2023).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares (Diluted Avg.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 1.60 Bn |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 2.23 Bn |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 2.19 Bn |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 3.46 Bn |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 215.50 Mn |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 1.02 Bn |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 631.60 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 | 2.64 Bn |
| 10 | Tc Energy | - | - | 2.95 Bn | 746.49 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 746.49 Mn |
| Sep 30, 2025 | 755.70 Mn |
| Jun 30, 2025 | 750.58 Mn |
| Mar 31, 2025 | 724.79 Mn |
| Dec 31, 2024 | 743.05 Mn |
| Sep 30, 2024 | 760.91 Mn |
| Jun 30, 2024 | 758.19 Mn |
| Mar 31, 2024 | 769.57 Mn |
| Dec 31, 2023 | 761.71 Mn |
| Sep 30, 2023 | 772.04 Mn |
| Jun 30, 2023 | 764.55 Mn |
| Mar 31, 2023 | 755.23 Mn |
| Dec 31, 2022 | 748.49 Mn |
| Sep 30, 2022 | 766.75 Mn |
| Jun 30, 2022 | 771.79 Mn |
| Mar 31, 2022 | 775.26 Mn |
| Dec 31, 2021 | 778.26 Mn |
| Sep 30, 2021 | 777.73 Mn |
| Jun 30, 2021 | 796.44 Mn |
| Mar 31, 2021 | 752.96 Mn |