Tc Energy (TRP) Debt to Equity (2009 - 2025)

Tc Energy (TRP) posted Debt to Equity of $1.71 for Q4 2025, little changed on a QoQ basis from $1.72 in Q3 2025, and down 1.31% year-on-year from $1.74 in Q4 2024.

Tc Energy (TRP) Debt to Equity (2009 - 2025) Analysis & Trends

Tc Energy has disclosed Debt to Equity across 17 years of filings, most recently posting $1.71 for Q4 2025.

  • Debt to Equity for Q4 2025 came in at $1.71, down 1.31% year-over-year; the trailing twelve-month figure through Dec 2025 was $1.71 (down 1.31% YoY), and the FY2025 annual result was $1.71, down 1.31% from the prior year.
  • Debt to Equity came in at $1.71 for Q4 2025 at Tc Energy, roughly flat from $1.72 in the prior quarter.
  • Over the last five years, Debt to Equity for TRP reached as high as $50.72 in Q4 2022 and fell as low as $1.17 in Q1 2022.
  • Median Debt to Equity over the past 5 years was $1.66 (2023), compared with a mean of $4.0.
  • Year-over-year, Debt to Equity jumped 3405.2% in 2022 and slumped 96.47% in 2023.
  • Over 5 years, Debt to Equity stood at $1.45 in 2021, then jumped by 3405.2% to $50.72 in 2022, then tumbled by 96.47% to $1.79 in 2023, then fell by 2.98% to $1.74 in 2024, then dropped by 1.31% to $1.71 in 2025.
  • Per Business Quant, the three latest TRP Debt to Equity figures stand at $1.71 (Q4 2025), $1.72 (Q3 2025), and $1.69 (Q2 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn 1.66
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn 1.02
3 Enterprise Products Partners 79.55 Bn 78.40 Bn - 1.12
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn 2.01
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn 5.85
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn 1.79
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn 1.43
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn 182.28
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn 3.41
10 Tc Energy - - 2.95 Bn 1.71

Historic Data

Download Data
DateValue
Dec 31, 2025 1.71
Sep 30, 2025 1.72
Jun 30, 2025 1.69
Mar 31, 2025 1.75
Dec 31, 2024 1.74
Sep 30, 2024 1.97
Jun 30, 2024 1.75
Mar 31, 2024 1.78
Dec 31, 2023 1.79
Sep 30, 2023 1.63
Jun 30, 2023 1.44
Mar 31, 2023 1.40
Dec 31, 2022 50.72
Sep 30, 2022 1.17
Jun 30, 2022 1.27
Mar 31, 2022 1.17
Dec 31, 2021 1.45
Sep 30, 2021 1.31
Jun 30, 2021 1.31
Mar 31, 2021 1.31