Tc Energy (TRP) Notes Payables (2009 - 2025)

Tc Energy's (TRP) quarterly Notes Payables came in at $860.5 million in Q4 2025, up 210.61% year-on-year from $277.0 million in Q4 2024, and down 50.45% quarter-over-quarter from $1.7 billion in Q3 2025.

Tc Energy (TRP) Notes Payables (2009 - 2025) Analysis & Trends

Tc Energy's Notes Payables history runs 17 years deep, the most recent figure standing at $860.5 million for Q4 2025.

  • On a quarterly basis, Notes Payables rose 210.61% year-over-year to $860.5 million in Q4 2025; TTM through Dec 2025 was $860.5 million, a 210.61% increase from a year earlier, with the FY2025 full-year figure at $858.9 million, up 203.85% from the prior year.
  • Notes Payables fell to $860.5 million in Q4 2025 per TRP's latest filing, from $1.7 billion in the prior quarter.
  • Across five years, Notes Payables topped out at $4.8 billion in Q3 2022 and bottomed at $182.0 million in Q3 2023.
  • The 5-year median for Notes Payables is $1.7 billion (2025), against an average of $2.1 billion.
  • Across the five-year window, Notes Payables plunged 96.19% in 2023 and soared 461.39% in 2025, its largest moves.
  • Year by year, Notes Payables stood at $4.1 billion in 2021, then advanced by 12.56% to $4.6 billion in 2022, then tumbled by 96.05% to $182.0 million in 2023, then jumped by 52.21% to $277.0 million in 2024, then soared by 210.61% to $860.5 million in 2025.
  • Per Business Quant, the three latest TRP Notes Payables figures stand at $860.5 million (Q4 2025), $1.7 billion (Q3 2025), and $1.7 billion (Q2 2025).

Peer Comparison

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

Historic Data

Download Data
DateValue
Dec 31, 2025 860.50 Mn
Sep 30, 2025 1.74 Bn
Jun 30, 2025 1.75 Bn
Mar 31, 2025 1.07 Bn
Dec 31, 2024 277.03 Mn
Sep 30, 2024 309.35 Mn
Jun 30, 2024 1.14 Bn
Mar 31, 2024 282.75 Mn
Sep 30, 2023 182.01 Mn
Jun 30, 2023 1.92 Bn
Mar 31, 2023 2.98 Bn
Dec 31, 2022 4.61 Bn
Sep 30, 2022 4.78 Bn
Jun 30, 2022 4.29 Bn
Mar 31, 2022 4.31 Bn
Dec 31, 2021 4.10 Bn
Sep 30, 2021 2.52 Bn
Jun 30, 2021 1.38 Bn
Mar 31, 2021 1.14 Bn
Dec 31, 2020 3.20 Bn