Tc Energy (TRP) Non-Current Debt (2009 - 2025)
Tc Energy's (TRP) quarterly Non-Current Debt came in at $32.4 billion in Q4 2025, up 0.78% year-on-year from $32.2 billion in Q4 2024, and up 0.65% quarter-over-quarter from $32.2 billion in Q3 2025.
Tc Energy (TRP) Non-Current Debt (2009 - 2025) Analysis & Trends
Tc Energy's Non-Current Debt history runs 17 years deep, the most recent figure standing at $32.4 billion for Q4 2025.
- On a quarterly basis, Non-Current Debt rose 0.78% year-over-year to $32.4 billion in Q4 2025; TTM through Dec 2025 was $32.4 billion, a 0.78% increase from a year earlier, with the FY2025 full-year figure at $32.4 billion, down 1.42% from the prior year.
- Non-Current Debt improved to $32.4 billion in Q4 2025 per TRP's latest filing, from $32.2 billion in the prior quarter.
- Across five years, Non-Current Debt topped out at $40.8 billion in Q3 2024 and bottomed at $27.9 billion in Q3 2021.
- The 5-year median for Non-Current Debt is $32.2 billion (2024), against an average of $33.0 billion.
- Across the five-year window, Non-Current Debt increased 25.69% in 2023 and slipped 20.91% in 2025, its largest moves.
- Year by year, Non-Current Debt stood at $29.6 billion in 2021, then retreated by 1.41% to $29.2 billion in 2022, then rose by 25.69% to $36.7 billion in 2023, then fell by 12.29% to $32.2 billion in 2024, then increased by 0.78% to $32.4 billion in 2025.
- Per Business Quant, the three latest TRP Non-Current Debt figures stand at $32.4 billion (Q4 2025), $32.2 billion (Q3 2025), and $31.3 billion (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non-Current Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 5.53 Mn |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | 1.71 Bn |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 29.81 Bn |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 75.11 Bn |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 31.20 Bn |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 32.45 Bn |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 69.34 Bn |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 18.43 Bn |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 32.00 Bn |
| 10 | Mplx | 58.39 Bn | 56.89 Bn | 1.95 Bn | 24.38 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 32.45 Bn |
| Sep 30, 2025 | 32.24 Bn |
| Jun 30, 2025 | 31.28 Bn |
| Mar 31, 2025 | 31.98 Bn |
| Dec 31, 2024 | 32.20 Bn |
| Sep 30, 2024 | 40.76 Bn |
| Jun 30, 2024 | 35.93 Bn |
| Mar 31, 2024 | 37.56 Bn |
| Dec 31, 2023 | 36.71 Bn |
| Sep 30, 2023 | 39.33 Bn |
| Jun 30, 2023 | 34.30 Bn |
| Mar 31, 2023 | 34.21 Bn |
| Dec 31, 2022 | 29.21 Bn |
| Sep 30, 2022 | 31.37 Bn |
| Jun 30, 2022 | 31.37 Bn |
| Mar 31, 2022 | 29.19 Bn |
| Dec 31, 2021 | 29.62 Bn |
| Sep 30, 2021 | 27.88 Bn |
| Jun 30, 2021 | 29.12 Bn |
| Dec 31, 2020 | 26.78 Bn |