Tc Energy (TRP) Operating Expenses (2009 - 2026)
Tc Energy (TRP) posted quarterly Operating Expenses of $851.6 million for Q2 2026, little changed year-over-year from $853.1 million in Q2 2025, and down 6.93% quarter-over-quarter from $915.0 million in Q4 2025.
Tc Energy (TRP) Operating Expenses (2009 - 2026) Analysis & Trends
Tc Energy's Operating Expenses history runs 18 years deep, the most recent figure standing at $851.6 million for Q2 2026.
- In Q2 2026, Operating Expenses changed 0.17% year-over-year to $851.6 million; the TTM figure through Jun 2026 stood at $3.5 billion (up 7.01% YoY), while the FY2025 annual figure was $3.3 billion, up 2.56% from the prior year.
- Operating Expenses for Q2 2026 stood at $851.6 million, down from $915.0 million in the prior quarter.
- The five-year high for Operating Expenses was $1.0 billion in Q4 2022, with the low at $703.9 million in Q1 2025.
- The 5-year median for Operating Expenses is $851.6 million (2026), against an average of $859.6 million.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses gained 19.66% in 2022, then slipped 21.71% in 2023.
- Tc Energy's Operating Expenses stood at $1.0 billion in 2022, then retreated by 21.71% to $813.9 million in 2023, then grew by 5.64% to $859.7 million in 2024, then gained by 6.43% to $915.0 million in 2025, then retreated by 6.93% to $851.6 million in 2026.
- Business Quant data shows TRP's Operating Expenses at $851.6 million in Q2 2026, $915.0 million in Q4 2025, and $836.4 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 3.13 Bn |
| 2 | Enbridge | 111.15 Bn | 109.66 Bn | 5.23 Bn | 19.09 Bn |
| 3 | Enterprise Products Partners | 82.76 Bn | 81.85 Bn | - | 16.13 Bn |
| 4 | Energy Transfer | 72.45 Bn | 71.42 Bn | 7.40 Bn | 30.76 Bn |
| 5 | Tc Energy | 65.93 Bn | 58.37 Bn | 1.24 Bn | 851.61 Mn |
| 6 | Mplx | 60.29 Bn | 59.25 Bn | 2.73 Bn | 1.93 Bn |
| 7 | Oneok | 59.71 Bn | 59.55 Bn | 2.81 Bn | 4.00 Mn |
| 8 | Targa Resources | 58.99 Bn | 58.86 Bn | 2.14 Bn | 354.10 Mn |
| 9 | Cheniere Energy | 55.44 Bn | 54.19 Bn | 5.29 Bn | 1.44 Bn |
| 10 | Venture Global | 33.84 Bn | 30.62 Bn | 2.92 Bn | 2.39 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 851.61 Mn |
| Dec 31, 2025 | 915.00 Mn |
| Sep 30, 2025 | 836.36 Mn |
| Jun 30, 2025 | 853.06 Mn |
| Mar 31, 2025 | 703.89 Mn |
| Dec 31, 2024 | 859.73 Mn |
| Sep 30, 2024 | 812.96 Mn |
| Jun 30, 2024 | 789.63 Mn |
| Mar 31, 2024 | 759.18 Mn |
| Dec 31, 2023 | 813.87 Mn |
| Sep 30, 2023 | 948.08 Mn |
| Jun 30, 2023 | 905.25 Mn |
| Mar 31, 2023 | 781.86 Mn |
| Dec 31, 2022 | 1.04 Bn |
| Sep 30, 2022 | 1.03 Bn |
| Jun 30, 2022 | 920.03 Mn |
| Mar 31, 2022 | 794.21 Mn |
| Dec 31, 2021 | 868.70 Mn |
| Sep 30, 2021 | 921.51 Mn |
| Jun 30, 2021 | 780.17 Mn |