Tc Energy (TRP) Invested Capital (2009 - 2026)
Tc Energy's Invested Capital was $36.51 billion in the quarter ended Jun 30, 2026, up 2.2% from $35.71 billion a year earlier.
Powered by 
Analysis
Tc Energy (TRP) Invested Capital (2009 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, Invested Capital at Tc Energy came in at $34.47 billion, down 45.4% from the prior year.
- Invested Capital shows a five-year compound annual growth rate of -9.0% (years ended Dec 2020 to Dec 2025).
- In earlier years, Invested Capital was $63.08 billion in the year ended Dec 31, 2024 (-7.4%), $68.13 billion in the year ended Dec 31, 2023 (+8.1%), $63.01 billion in the year ended Dec 31, 2022 (+2.3%) and $61.62 billion in the year ended Dec 31, 2021 (+11.3%).
- Quarterly Invested Capital has moved between $30.81 billion (the quarter ended Dec 31, 2023) and $62.05 billion (the quarter ended Dec 31, 2024) over five years.
- Compared with a year earlier, Invested Capital was higher in three of the last seven quarters, with growth averaging 3.4%.
- The best year-over-year quarter for Invested Capital over five years was the quarter ended Dec 31, 2024 (growth of 101.4%); the worst was the quarter ended Dec 31, 2023 (a decline of 48.9%).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 101.53 Bn | 99.08 Bn | 4.84 Bn | 130.30 Bn |
| 2 | Enterprise Products Partners | 76.92 Bn | 75.35 Bn | - | 64.29 Bn |
| 3 | Energy Transfer | 67.97 Bn | 61.41 Bn | 7.40 Bn | 118.93 Bn |
| 4 | Kinder Morgan | 67.10 Bn | 68.05 Bn | 3.07 Bn | 65.13 Bn |
| 5 | Tc Energy | 60.19 Bn | 63.26 Bn | 2.81 Bn | 36.51 Bn |
| 6 | Targa Resources | 57.97 Bn | 57.59 Bn | 2.14 Bn | 23.37 Bn |
| 7 | Mplx | 57.16 Bn | 50.72 Bn | 2.91 Bn | 39.89 Bn |
| 8 | Cheniere Energy | 55.61 Bn | 55.74 Bn | 5.29 Bn | 35.53 Bn |
| 9 | Oneok | 53.75 Bn | 52.24 Bn | 2.81 Bn | 56.06 Bn |
| 10 | Venture Global | 31.49 Bn | 26.04 Bn | 2.92 Bn | 53.89 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 36.51 Bn |
| Dec 31, 2025 | 34.95 Bn |
| Sep 30, 2025 | 36.63 Bn |
| Jun 30, 2025 | 35.71 Bn |
| Mar 31, 2025 | 34.91 Bn |
| Dec 31, 2024 | 62.05 Bn |
| Sep 30, 2024 | 44.51 Bn |
| Jun 30, 2024 | 40.10 Bn |
| Mar 31, 2024 | 40.41 Bn |
| Dec 31, 2023 | 30.81 Bn |
| Sep 30, 2023 | 41.91 Bn |
| Jun 30, 2023 | 38.63 Bn |
| Mar 31, 2023 | 39.52 Bn |
| Dec 31, 2022 | 60.35 Bn |
| Sep 30, 2022 | 37.54 Bn |
| Jun 30, 2022 | 36.35 Bn |
| Mar 31, 2022 | 33.35 Bn |
| Dec 31, 2021 | 61.26 Bn |
| Sep 30, 2021 | 34.69 Bn |
| Jun 30, 2021 | 33.41 Bn |
API Access
Tc Energy Invested Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=invested-capital&ticker=TRP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "TRP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=invested-capital&ticker=TRP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();