Tc Energy (TRP) Free Cash Flow (2009 - 2025)

Tc Energy's (TRP) quarterly Free Cash Flow came in at $1.4 billion in Q4 2025, down 9.16% year-on-year from $1.5 billion in Q4 2024, and down 2.55% quarter-over-quarter from $1.4 billion in Q3 2025.

Tc Energy (TRP) Free Cash Flow (2009 - 2025) Analysis & Trends

Tc Energy's Free Cash Flow history runs 17 years deep, the most recent figure standing at $1.4 billion for Q4 2025.

  • On a quarterly basis, Free Cash Flow fell 9.16% year-over-year to $1.4 billion in Q4 2025; TTM through Dec 2025 was $5.3 billion, a 12.98% increase from a year earlier, with the FY2025 full-year figure at $5.3 billion, down 6.87% from the prior year.
  • Free Cash Flow retreated to $1.4 billion in Q4 2025 per TRP's latest filing, from $1.4 billion in the prior quarter.
  • Across five years, Free Cash Flow topped out at $2.7 billion in Q4 2021 and bottomed at $235.4 million in Q2 2024.
  • The 5-year median for Free Cash Flow is $1.4 billion (2024), against an average of $1.5 billion.
  • Across the five-year window, Free Cash Flow plunged 79.41% in 2024 and soared 567.98% in 2025, its largest moves.
  • Year by year, Free Cash Flow stood at $2.7 billion in 2021, then sank by 44.58% to $1.5 billion in 2022, then dropped by 8.16% to $1.4 billion in 2023, then climbed by 8.5% to $1.5 billion in 2024, then decreased by 9.16% to $1.4 billion in 2025.
  • Per Business Quant, the three latest TRP Free Cash Flow figures stand at $1.4 billion (Q4 2025), $1.4 billion (Q3 2025), and $1.6 billion (Q2 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 DHT Holdings 2,706.13 Bn 2,706.00 Bn 167.16 Mn 98.91 Mn
2 Flex LNG 1,674.16 Bn 1,673.77 Bn 61.79 Mn 12.71 Mn
3 Kinder Morgan 112.74 Bn 113.82 Bn 3.07 Bn 978.00 Mn
4 Enbridge 89.82 Bn 89.03 Bn 6.70 Bn -70.73 Mn
5 Enterprise Products Partners 83.97 Bn 82.82 Bn - 486.00 Mn
6 Tc Energy 72.76 Bn 73.95 Bn 1.36 Bn 1.36 Bn
7 Energy Transfer 70.27 Bn 69.30 Bn 6.62 Bn 1.46 Bn
8 Targa Resources 61.30 Bn 61.34 Bn 1.70 Bn -160.00 Mn
9 Oneok 61.15 Bn 61.02 Bn 8.98 Bn 70.00 Mn
10 Mplx 58.39 Bn 56.89 Bn 1.95 Bn 772.00 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 1.36 Bn
Dec 31, 2025 1.36 Bn
Sep 30, 2025 1.40 Bn
Sep 30, 2025 1.40 Bn
Jun 30, 2025 1.57 Bn
Jun 30, 2025 1.57 Bn
Mar 31, 2025 949.90 Mn
Mar 31, 2025 949.90 Mn
Dec 31, 2024 1.50 Bn
Dec 31, 2024 1.50 Bn
Sep 30, 2024 1.41 Bn
Sep 30, 2024 1.41 Bn
Jun 30, 2024 235.43 Mn
Jun 30, 2024 235.43 Mn
Mar 31, 2024 1.53 Bn
Mar 31, 2024 1.53 Bn
Dec 31, 2023 1.38 Bn
Dec 31, 2023 1.38 Bn
Sep 30, 2023 1.37 Bn
Sep 30, 2023 1.37 Bn