Tc Energy (TRP) Operating Income (2009 - 2025)
Tc Energy's (TRP) quarterly Operating Income came in at $441.0 million in Q4 2025, up 49.17% year-on-year from $295.6 million in Q4 2024, and up 40.49% quarter-over-quarter from $313.9 million in Q3 2025.
Tc Energy (TRP) Operating Income (2009 - 2025) Analysis & Trends
Tc Energy's Operating Income history runs 15 years deep, the most recent figure standing at $441.0 million for Q4 2025.
- On a quarterly basis, Operating Income rose 49.17% year-over-year to $441.0 million in Q4 2025; TTM through Dec 2025 was $1.7 billion, a 32.14% increase from a year earlier, with the FY2025 full-year figure at $1.7 billion, up 32.91% from the prior year.
- Operating Income rose to $441.0 million in Q4 2025 per TRP's latest filing, from $313.9 million in the prior quarter.
- Across five years, Operating Income topped out at $2.3 billion in Q4 2023 and bottomed at -$16.1 million in Q3 2022.
- The 4-year median for Operating Income is $304.8 million (2024), against an average of $486.2 million.
- Biggest YoY gain for Operating Income was 1320.87% in 2024; the steepest drop was 86.97% in 2024.
- Year by year, Operating Income stood at $1.9 billion in 2022, then increased by 22.02% to $2.3 billion in 2023, then plunged by 86.97% to $295.6 million in 2024, then surged by 49.17% to $441.0 million in 2025.
- Per Business Quant, the three latest TRP Operating Income figures stand at $441.0 million (Q4 2025), $313.9 million (Q3 2025), and $341.4 million (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,970.16 Bn | 2,970.04 Bn | 167.16 Mn | 167.66 Mn |
| 2 | Flex LNG | 1,659.01 Bn | 1,658.62 Bn | 61.79 Mn | 83.60 Mn |
| 3 | Enbridge | 124.02 Bn | 122.70 Bn | 5.10 Bn | 2.35 Bn |
| 4 | Kinder Morgan | 112.83 Bn | 112.65 Bn | 3.08 Bn | 1.44 Bn |
| 5 | Enterprise Products Partners | 83.80 Bn | 82.61 Bn | - | 1.90 Bn |
| 6 | Tc Energy | 73.34 Bn | 67.65 Bn | 1.36 Bn | 441.01 Mn |
| 7 | Energy Transfer | 70.48 Bn | 69.51 Bn | 6.62 Bn | 2.98 Bn |
| 8 | Targa Resources | 60.56 Bn | 60.46 Bn | 1.70 Bn | 846.90 Mn |
| 9 | Mplx | 59.64 Bn | 58.13 Bn | 1.95 Bn | 1.21 Bn |
| 10 | Oneok | 58.81 Bn | 58.63 Bn | 8.98 Bn | 1.43 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 441.01 Mn |
| Sep 30, 2025 | 313.91 Mn |
| Jun 30, 2025 | 341.37 Mn |
| Mar 31, 2025 | 556.14 Mn |
| Dec 31, 2024 | 295.65 Mn |
| Sep 30, 2024 | 254.37 Mn |
| Jun 30, 2024 | 253.71 Mn |
| Mar 31, 2024 | 446.75 Mn |
| Dec 31, 2023 | 2.27 Bn |
| Sep 30, 2023 | 17.90 Mn |
| Jun 30, 2023 | 38.71 Mn |
| Mar 31, 2023 | 417.93 Mn |
| Dec 31, 2022 | 1.86 Bn |
| Sep 30, 2022 | -16.10 Mn |
| Jun 30, 2022 | 40.00 Mn |
| Mar 31, 2022 | 248.68 Mn |
| Dec 31, 2019 | 1.64 Bn |
| Sep 30, 2019 | -1,515.11 Bn |
| Jun 30, 2019 | 142.01 Mn |
| Mar 31, 2019 | 92.49 Mn |