Tc Energy (TRP) Deferred Taxes (2009 - 2025)
Tc Energy (TRP) posted Deferred Taxes of $76.7 million for Q4 2025, down 21.78% on a QoQ basis from $98.1 million in Q3 2025, and up 128.05% year-on-year from $33.6 million in Q4 2024.
Tc Energy (TRP) Deferred Taxes (2009 - 2025) Analysis & Trends
Tc Energy has disclosed Deferred Taxes across 17 years of filings, most recently posting $76.7 million for Q4 2025.
- Deferred Taxes for Q4 2025 came in at $76.7 million, up 128.05% year-over-year; the trailing twelve-month figure through Dec 2025 was $547.8 million (up 51.59% YoY), and the FY2025 annual result was $548.2 million, up 75.79% from the prior year.
- Deferred Taxes came in at $76.7 million for Q4 2025 at Tc Energy, down from $98.1 million in the prior quarter.
- Over the last five years, Deferred Taxes for TRP reached as high as $311.0 million in Q4 2021 and fell as low as -$512.8 million in Q1 2021.
- Median Deferred Taxes over the past 5 years was $70.6 million (2021), compared with a mean of $45.6 million.
- On a YoY basis, Deferred Taxes climbed as much as 347.0% in 2023 and fell as far as 761.38% in 2023.
- Over 5 years, 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 111.51% to $33.6 million in 2024, then soared by 128.05% 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 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 197.61 Mn |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 281.00 Mn |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 14.00 Mn |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 93.00 Mn |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 123.90 Mn |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | - |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 256.00 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 | 97.00 Mn |
| 10 | Tc Energy | - | - | 2.95 Bn | 76.73 Mn |
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 |