Tc Energy (TRP) Operating Expenses (2021 - 2026)
Tc Energy (TRP) recorded Operating Expenses of -$1.06 billion in the quarter ended Jun 30, 2026, compared with -$1.05 billion a year earlier.
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Analysis
Tc Energy (TRP) Operating Expenses (2021 - 2026) Analysis & Trends
On a TTM basis, Tc Energy's Operating Expenses came in at -$4.25 billion as of Jun 30, 2026; for the year ended Dec 31, 2025, it came in at -$4.09 billion.
- Across earlier years, Operating Expenses came in at $5.83 billion in the year ended Dec 31, 2024 (+6.6%), $5.47 billion in the year ended Dec 31, 2023 (-8.9%), $6.01 billion in the year ended Dec 31, 2022 (-26.6%) and $8.18 billion in the year ended Dec 31, 2021 (+52.4%).
- Quarterly Operating Expenses has ranged from -$1.12 billion in the quarter ended Dec 31, 2025 to -$894.84 million in the quarter ended Mar 31, 2025 over the past five years.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 102.52 Bn | 100.06 Bn | 4.84 Bn | 19.09 Bn |
| 2 | Enterprise Products Partners | 79.27 Bn | 77.71 Bn | - | 16.13 Bn |
| 3 | Energy Transfer | 69.21 Bn | 62.65 Bn | 7.40 Bn | 30.76 Bn |
| 4 | Kinder Morgan | 68.17 Bn | 69.12 Bn | 3.07 Bn | 3.13 Bn |
| 5 | Tc Energy | 61.09 Bn | 64.16 Bn | 2.81 Bn | -1.06 Bn |
| 6 | Targa Resources | 59.48 Bn | 59.10 Bn | 2.14 Bn | 354.10 Mn |
| 7 | Mplx | 58.45 Bn | 52.01 Bn | 2.91 Bn | 1.93 Bn |
| 8 | Oneok | 55.88 Bn | 54.37 Bn | 2.81 Bn | 4.00 Mn |
| 9 | Cheniere Energy | 55.70 Bn | 55.83 Bn | 5.29 Bn | 1.44 Bn |
| 10 | Venture Global | 32.11 Bn | 26.66 Bn | 2.92 Bn | 2.39 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -1.06 Bn |
| Dec 31, 2025 | -1.12 Bn |
| Sep 30, 2025 | -1.03 Bn |
| Jun 30, 2025 | -1.05 Bn |
| Mar 31, 2025 | -894.84 Mn |
| Dec 31, 2024 | -1.07 Bn |
| Jun 30, 2021 | -8.14 Mn |
| Mar 31, 2021 | -3.95 Mn |
API Access
Tc Energy Operating Expenses 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=operating-expenses&ticker=TRP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=TRP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();