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
DateValue
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