Tc Energy (TRP) Receivables - Net (2009 - 2025)
Tc Energy's (TRP) quarterly Receivables - Net came in at $2.0 billion in Q4 2025, up 7.19% year-on-year from $1.9 billion in Q4 2024, and up 11.45% quarter-over-quarter from $1.8 billion in Q3 2025.
Tc Energy (TRP) Receivables - Net (2009 - 2025) Analysis & Trends
Tc Energy's Receivables - Net history runs 17 years deep, the most recent figure standing at $2.0 billion for Q4 2025.
- On a quarterly basis, Receivables - Net rose 7.19% year-over-year to $2.0 billion in Q4 2025; TTM through Dec 2025 was $2.0 billion, a 7.19% increase from a year earlier, with the FY2025 full-year figure at $2.0 billion, up 4.86% from the prior year.
- Receivables - Net improved to $2.0 billion in Q4 2025 per TRP's latest filing, from $1.8 billion in the prior quarter.
- Across five years, Receivables - Net topped out at $3.1 billion in Q1 2024 and bottomed at $1.3 billion in Q4 2021.
- The 5-year median for Receivables - Net is $2.2 billion (2021), against an average of $2.2 billion.
- Across the five-year window, Receivables - Net surged 58.31% in 2021 and tumbled 42.43% in 2025, its largest moves.
- Year by year, Receivables - Net stood at $1.3 billion in 2021, then increased by 8.84% to $1.4 billion in 2022, then rose by 26.89% to $1.8 billion in 2023, then grew by 4.84% to $1.9 billion in 2024, then gained by 7.19% to $2.0 billion in 2025.
- Per Business Quant, the three latest TRP Receivables - Net figures stand at $2.0 billion (Q4 2025), $1.8 billion (Q3 2025), and $1.8 billion (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | DHT Holdings | 2,970.16 Bn | 2,970.04 Bn | 167.16 Mn |
| 2 | Flex LNG | 1,659.01 Bn | 1,658.62 Bn | 61.79 Mn |
| 3 | Enbridge | 124.02 Bn | 122.70 Bn | 5.10 Bn |
| 4 | Kinder Morgan | 112.83 Bn | 112.65 Bn | 3.08 Bn |
| 5 | Enterprise Products Partners | 83.80 Bn | 82.61 Bn | - |
| 6 | Tc Energy | 73.34 Bn | 67.65 Bn | 1.36 Bn |
| 7 | Energy Transfer | 70.48 Bn | 69.51 Bn | 6.62 Bn |
| 8 | Targa Resources | 60.56 Bn | 60.46 Bn | 1.70 Bn |
| 9 | Mplx | 59.64 Bn | 58.13 Bn | 1.95 Bn |
| 10 | Oneok | 58.81 Bn | 58.63 Bn | 8.98 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 2.00 Bn |
| Dec 31, 2025 | 2.00 Bn |
| Sep 30, 2025 | 1.80 Bn |
| Sep 30, 2025 | 1.80 Bn |
| Jun 30, 2025 | 1.84 Bn |
| Jun 30, 2025 | 1.84 Bn |
| Mar 31, 2025 | 1.80 Bn |
| Mar 31, 2025 | 1.80 Bn |
| Dec 31, 2024 | 1.87 Bn |
| Dec 31, 2024 | 1.87 Bn |
| Sep 30, 2024 | 2.58 Bn |
| Sep 30, 2024 | 2.58 Bn |
| Jun 30, 2024 | 2.94 Bn |
| Jun 30, 2024 | 2.94 Bn |
| Mar 31, 2024 | 3.13 Bn |
| Mar 31, 2024 | 3.13 Bn |
| Dec 31, 2023 | 1.78 Bn |
| Dec 31, 2023 | 1.78 Bn |
| Sep 30, 2023 | 2.66 Bn |
| Sep 30, 2023 | 2.66 Bn |