Tc Energy (TRP) Cost of Revenue (2009 - 2025)

Tc Energy has disclosed Cost of Revenue across 15 years of filings, most recently posting $39.4 million for Q4 2025.

• Cost of Revenue for Q4 2025 came in at $39.4 million, down 32.81% year-over-year; the trailing twelve-month figure through Dec 2025 was $148.9 million (down 5.77% YoY), and the FY2025 annual result was $148.9 million, down 6.07% from the prior year.
• Cost of Revenue came in at $39.4 million for Q4 2025 at Tc Energy, up from $39.2 million in the prior quarter.
• Over the last five years, Cost of Revenue for TRP reached as high as $135.7 million in Q2 2022 and fell as low as $27.9 million in Q4 2023.
• Median Cost of Revenue over the past 4 years was $49.1 million (2024), compared with a mean of $64.0 million.
• On a YoY basis, Cost of Revenue climbed as much as 110.3% in 2024 and fell as far as 74.05% in 2024.
• Over 4 years, Cost of Revenue stood at $77.4 million in 2022, then tumbled by 63.92% to $27.9 million in 2023, then soared by 110.3% to $58.7 million in 2024, then slumped by 32.81% to $39.4 million in 2025.
• Per Business Quant, the three latest TRP Cost of Revenue figures stand at $39.4 million (Q4 2025), $39.2 million (Q3 2025), and $35.4 million (Q2 2025).