Tc Energy (TRP) Invested Capital (2009 - 2025)

Tc Energy's Invested Capital history runs 17 years deep, the most recent figure standing at $1.1 billion for Q4 2025.

• On a quarterly basis, Invested Capital fell 47.63% year-over-year to $1.1 billion in Q4 2025; TTM through Dec 2025 was $7.2 billion, a 30.53% decrease from a year earlier, with the FY2025 full-year figure at $1.1 billion, down 48.77% from the prior year.
• Invested Capital retreated to $1.1 billion in Q4 2025 per TRP's latest filing, from $2.1 billion in the prior quarter.
• Across five years, Invested Capital topped out at $5.9 billion in Q3 2021 and bottomed at $829.6 million in Q3 2022.
• The 5-year median for Invested Capital is $1.9 billion (2023), against an average of $2.1 billion.
• Across the five-year window, Invested Capital soared 194.2% in 2021 and slumped 85.84% in 2022, its largest moves.
• Year by year, Invested Capital stood at $1.0 billion in 2021, then jumped by 33.52% to $1.4 billion in 2022, then jumped by 54.34% to $2.2 billion in 2023, then declined by 1.98% to $2.1 billion in 2024, then slumped by 47.63% to $1.1 billion in 2025.
• Per Business Quant, the three latest TRP Invested Capital figures stand at $1.1 billion (Q4 2025), $2.1 billion (Q3 2025), and $2.3 billion (Q2 2025).