Tc Energy (TRP) Retained Earnings (2009 - 2025)
Tc Energy's (TRP) quarterly Retained Earnings came in at -$4.2 billion in Q4 2025, down 13.25% year-on-year from -$4.9 billion in Q4 2024, and up 2.97% quarter-over-quarter from -$4.4 billion in Q3 2025.
Tc Energy (TRP) Retained Earnings (2009 - 2025) Analysis & Trends
Tc Energy's Retained Earnings history runs 17 years deep, the most recent figure standing at -$4.2 billion for Q4 2025.
- On a quarterly basis, Retained Earnings fell 13.25% year-over-year to -$4.2 billion in Q4 2025; TTM through Dec 2025 was -$4.2 billion, a 13.25% decrease from a year earlier, with the FY2025 full-year figure at -$4.2 billion, down 10.78% from the prior year.
- Retained Earnings climbed to -$4.2 billion in Q4 2025 per TRP's latest filing, from -$4.4 billion in the prior quarter.
- Across five years, Retained Earnings topped out at $3.0 billion in Q4 2021 and bottomed at -$4.4 billion in Q3 2025.
- The 5-year median for Retained Earnings is $536.9 million (2022), against an average of -$349.0 million.
- Across the five-year window, Retained Earnings advanced 5.72% in 2022 and sank 513.88% in 2023, its largest moves.
- Year by year, Retained Earnings stood at $3.0 billion in 2021, then tumbled by 82.23% to $531.9 million in 2022, then sank by 513.88% to -$2.2 billion in 2023, then plunged by 70.43% to -$3.8 billion in 2024, then slipped by 13.25% to -$4.2 billion in 2025.
- Per Business Quant, the three latest TRP Retained Earnings figures stand at -$4.2 billion (Q4 2025), -$4.4 billion (Q3 2025), and -$4.1 billion (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,970.16 Bn | 2,970.04 Bn | 167.16 Mn | 1.23 Bn |
| 2 | Flex LNG | 1,659.01 Bn | 1,658.62 Bn | 61.79 Mn | 704.30 Mn |
| 3 | Enbridge | 124.02 Bn | 122.70 Bn | 5.10 Bn | -14.30 Bn |
| 4 | Kinder Morgan | 112.83 Bn | 112.65 Bn | 3.08 Bn | -9.86 Bn |
| 5 | Enterprise Products Partners | 83.80 Bn | 82.61 Bn | - | -15.00 Mn |
| 6 | Tc Energy | 73.34 Bn | 67.65 Bn | 1.36 Bn | -4.25 Bn |
| 7 | Energy Transfer | 70.48 Bn | 69.51 Bn | 6.62 Bn | 72.00 Mn |
| 8 | Targa Resources | 60.56 Bn | 60.46 Bn | 1.70 Bn | 2.56 Bn |
| 9 | Mplx | 59.64 Bn | 58.13 Bn | 1.95 Bn | 5.00 Mn |
| 10 | Oneok | 58.81 Bn | 58.63 Bn | 8.98 Bn | 2.47 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -4.25 Bn |
| Sep 30, 2025 | -4.38 Bn |
| Jun 30, 2025 | -4.14 Bn |
| Mar 31, 2025 | -3.59 Bn |
| Dec 31, 2024 | -3.75 Bn |
| Sep 30, 2024 | -1.74 Bn |
| Jun 30, 2024 | -2.08 Bn |
| Mar 31, 2024 | -2.06 Bn |
| Dec 31, 2023 | -2.20 Bn |
| Sep 30, 2023 | 543.04 Mn |
| Jun 30, 2023 | 541.96 Mn |
| Mar 31, 2023 | 874.32 Mn |
| Dec 31, 2022 | 531.90 Mn |
| Sep 30, 2022 | 2.44 Bn |
| Jun 30, 2022 | 2.55 Bn |
| Mar 31, 2022 | 2.57 Bn |
| Dec 31, 2021 | 2.99 Bn |
| Sep 30, 2021 | 2.80 Bn |
| Jun 30, 2021 | 2.93 Bn |
| Mar 31, 2021 | 2.44 Bn |