Tc Energy (TRP) Operating Expenses (2009 - 2025)

Tc Energy's Operating Expenses history runs 17 years deep, the most recent figure standing at $915.0 million for Q4 2025.

• On a quarterly basis, Operating Expenses rose 6.43% year-over-year to $915.0 million in Q4 2025; TTM through Dec 2025 was $3.3 billion, a 2.69% increase from a year earlier, with the FY2025 full-year figure at $3.3 billion, up 2.56% from the prior year.
• Operating Expenses improved to $915.0 million in Q4 2025 per TRP's latest filing, from $836.4 million in the prior quarter.
• Across five years, Operating Expenses topped out at $1.0 billion in Q4 2022 and bottomed at $700.0 million in Q1 2021.
• The 5-year median for Operating Expenses is $844.7 million (2025), against an average of $851.6 million.
• Across the five-year window, Operating Expenses increased 25.82% in 2021 and fell 21.71% in 2023, its largest moves.
• Year by year, Operating Expenses stood at $868.7 million in 2021, then advanced by 19.66% to $1.0 billion in 2022, then decreased by 21.71% to $813.9 million in 2023, then increased by 5.64% to $859.7 million in 2024, then advanced by 6.43% to $915.0 million in 2025.
• Per Business Quant, the three latest TRP Operating Expenses figures stand at $915.0 million (Q4 2025), $836.4 million (Q3 2025), and $853.1 million (Q2 2025).