Tc Energy (TRP) Deferred Taxes (2009 - 2025)
Tc Energy's (TRP) quarterly Deferred Taxes came in at $76.7 million in Q4 2025, up 11.65% year-on-year from $68.7 million in Q4 2024, and down 21.78% quarter-over-quarter from $98.1 million in Q3 2025.
Tc Energy (TRP) Deferred Taxes (2009 - 2025) Analysis & Trends
Tc Energy's Deferred Taxes history runs 17 years deep, the most recent figure standing at $76.7 million for Q4 2025.
- On a quarterly basis, Deferred Taxes rose 11.65% year-over-year to $76.7 million in Q4 2025; TTM through Dec 2025 was $547.8 million, a 51.8% increase from a year earlier, with the FY2025 full-year figure at $548.2 million, up 52.25% from the prior year.
- Deferred Taxes eased to $76.7 million in Q4 2025 per TRP's latest filing, from $98.1 million in the prior quarter.
- Across five years, Deferred Taxes topped out at $311.0 million in Q4 2021 and bottomed at -$512.8 million in Q1 2021.
- The 5-year median for Deferred Taxes is $70.6 million (2021), against an average of $45.5 million.
- Biggest YoY gain for Deferred Taxes was 347.0% in 2023; the steepest drop was 761.38% in 2023.
- Year by year, Deferred Taxes stood at $311.0 million in 2021, then sank by 85.79% to $44.2 million in 2022, then slumped by 761.38% to -$292.3 million in 2023, then soared by 123.51% to $68.7 million in 2024, then rose by 11.65% to $76.7 million in 2025.
- Per Business Quant, the three latest TRP Deferred Taxes figures stand at $76.7 million (Q4 2025), $98.1 million (Q3 2025), and $226.6 million (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | - |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | - |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 295.00 Mn |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 197.61 Mn |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 14.00 Mn |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 76.73 Mn |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 93.00 Mn |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 123.90 Mn |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 256.00 Mn |
| 10 | Mplx | 58.39 Bn | 56.89 Bn | 1.95 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 76.73 Mn |
| Sep 30, 2025 | 98.10 Mn |
| Jun 30, 2025 | 226.62 Mn |
| Mar 31, 2025 | 146.35 Mn |
| Dec 31, 2024 | 68.72 Mn |
| Sep 30, 2024 | 120.95 Mn |
| Jun 30, 2024 | 65.07 Mn |
| Mar 31, 2024 | 106.12 Mn |
| Dec 31, 2023 | -292.35 Mn |
| Sep 30, 2023 | 27.60 Mn |
| Jun 30, 2023 | 106.46 Mn |
| Mar 31, 2023 | 169.39 Mn |
| Dec 31, 2022 | 44.20 Mn |
| Sep 30, 2022 | 9.20 Mn |
| Jun 30, 2022 | 42.35 Mn |
| Mar 31, 2022 | 37.89 Mn |
| Dec 31, 2021 | 310.99 Mn |
| Sep 30, 2021 | -13.50 Mn |
| Jun 30, 2021 | 72.40 Mn |
| Mar 31, 2021 | -512.77 Mn |