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
DateValue
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