Tc Energy (TRP) FCF Payout Ratio (2009 - 2025)
Tc Energy's (TRP) quarterly FCF Payout Ratio came in at 0.27 in Q4 2025, down 560.36% year-on-year from 0.06 in Q4 2024, and down 369.83% quarter-over-quarter from 0.06 in Q3 2025.
Tc Energy (TRP) FCF Payout Ratio (2009 - 2025) Analysis & Trends
Tc Energy's FCF Payout Ratio history runs 17 years deep, the most recent figure standing at 0.27 for Q4 2025.
- On a quarterly basis, FCF Payout Ratio fell 560.36% year-over-year to 0.27 in Q4 2025; TTM through Dec 2025 was 0.13, a 5.88% decrease from a year earlier, with the FY2025 full-year figure at 0.13, down 29.46% from the prior year.
- FCF Payout Ratio retreated to 0.27 in Q4 2025 per TRP's latest filing, from 0.06 in the prior quarter.
- Across five years, FCF Payout Ratio topped out at 0.04 in Q2 2025 and bottomed at 0.93 in Q2 2022.
- The 5-year median for FCF Payout Ratio is 0.26 (2021), against an average of 0.27.
- Biggest YoY gain for FCF Payout Ratio was 85.22% in 2025; the steepest drop was 560.36% in 2025.
- Year by year, FCF Payout Ratio stood at 0.25 in 2021, then fell by 11.91% to 0.28 in 2022, then jumped by 83.97% to 0.04 in 2023, then climbed by 8.04% to 0.04 in 2024, then slumped by 560.36% to 0.27 in 2025.
- Per Business Quant, the three latest TRP FCF Payout Ratio figures stand at 0.27 (Q4 2025), 0.06 (Q3 2025), and 0.04 (Q2 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | -0.67 |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | -3.19 |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 0.68 |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | -21.81 |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 0.05 |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | -0.27 |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 0.80 |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | -1.37 |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 9.63 |
| 10 | Mplx | 58.39 Bn | 56.89 Bn | 1.95 Bn | 0.01 |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -0.27 |
| Sep 30, 2025 | -0.06 |
| Jun 30, 2025 | -0.04 |
| Mar 31, 2025 | -0.16 |
| Dec 31, 2024 | -0.04 |
| Sep 30, 2024 | -0.16 |
| Jun 30, 2024 | -0.26 |
| Mar 31, 2024 | -0.14 |
| Dec 31, 2023 | -0.04 |
| Sep 30, 2023 | -0.32 |
| Jun 30, 2023 | -0.38 |
| Mar 31, 2023 | -0.30 |
| Dec 31, 2022 | -0.28 |
| Sep 30, 2022 | -0.52 |
| Jun 30, 2022 | -0.93 |
| Mar 31, 2022 | -0.50 |
| Dec 31, 2021 | -0.25 |
| Sep 30, 2021 | -0.27 |
| Jun 30, 2021 | -0.29 |
| Mar 31, 2021 | -0.23 |