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
DateValue
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