Tc Energy (TRP) Preferred Shares (2009 - 2025)
Tc Energy's (TRP) quarterly Preferred Shares came in at -$179.3 million in Q4 2025, down 110.02% year-on-year from $1.8 billion in Q4 2024, and down 109.87% quarter-over-quarter from $1.8 billion in Q3 2025.
Tc Energy (TRP) Preferred Shares (2009 - 2025) Analysis & Trends
Tc Energy's Preferred Shares history runs 17 years deep, the most recent figure standing at -$179.3 million for Q4 2025.
- On a quarterly basis, Preferred Shares fell 110.02% year-over-year to -$179.3 million in Q4 2025; TTM through Dec 2025 was -$179.3 million, a 110.02% decrease from a year earlier, with the FY2025 full-year figure at $1.6 billion, down 11.58% from the prior year.
- Preferred Shares retreated to -$179.3 million in Q4 2025 per TRP's latest filing, from $1.8 billion in the prior quarter.
- Across five years, Preferred Shares topped out at $3.1 billion in Q1 2021 and bottomed at -$179.3 million in Q4 2025.
- The 5-year median for Preferred Shares is $1.9 billion (2023), against an average of $2.0 billion.
- Across the five-year window, Preferred Shares increased 5.93% in 2021 and sank 110.02% in 2025, its largest moves.
- Year by year, Preferred Shares stood at $2.8 billion in 2021, then tumbled by 33.45% to $1.8 billion in 2022, then retreated by 0.29% to $1.8 billion in 2023, then fell by 2.54% to $1.8 billion in 2024, then tumbled by 110.02% to -$179.3 million in 2025.
- Per Business Quant, the three latest TRP Preferred Shares figures stand at -$179.3 million (Q4 2025), $1.8 billion (Q3 2025), and $1.8 billion (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Preferred Shares (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | - |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | - |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | - |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 4.97 Bn |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | - |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | -179.27 Mn |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 3.39 Bn |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | - |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | - |
| 10 | Mplx | 58.39 Bn | 56.89 Bn | 1.95 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -179.27 Mn |
| Sep 30, 2025 | 1.82 Bn |
| Jun 30, 2025 | 1.80 Bn |
| Mar 31, 2025 | 1.74 Bn |
| Dec 31, 2024 | 1.79 Bn |
| Sep 30, 2024 | 1.83 Bn |
| Jun 30, 2024 | 1.83 Bn |
| Mar 31, 2024 | 1.85 Bn |
| Dec 31, 2023 | 1.84 Bn |
| Sep 30, 2023 | 1.86 Bn |
| Jun 30, 2023 | 1.86 Bn |
| Mar 31, 2023 | 1.85 Bn |
| Dec 31, 2022 | 1.84 Bn |
| Sep 30, 2022 | 1.92 Bn |
| Jun 30, 2022 | 1.96 Bn |
| Mar 31, 2022 | 2.75 Bn |
| Dec 31, 2021 | 2.77 Bn |
| Sep 30, 2021 | 2.77 Bn |
| Jun 30, 2021 | 2.84 Bn |
| Mar 31, 2021 | 3.14 Bn |