Tc Energy (TRPRF) Free Cash Flow (2009 - 2025)

Tc Energy (TRPRF) recorded quarterly Free Cash Flow of $393.0 million in Q4 2025, down 82.97% quarter-over-quarter from $2.3 billion in Q3 2025, and down 85.26% on a YoY basis from $2.7 billion in Q4 2024.

Tc Energy (TRPRF) Free Cash Flow (2009 - 2025) Analysis & Trends

Tc Energy's Free Cash Flow history runs 17 years deep, the most recent figure standing at $393.0 million for Q4 2025.

  • In Q4 2025, Free Cash Flow fell 85.26% year-over-year to $393.0 million; the TTM figure through Dec 2025 stood at $5.5 billion (down 46.21% YoY), while the FY2025 annual figure was $9.0 billion, down 11.55% from the prior year.
  • Free Cash Flow was $393.0 million for Q4 2025 at Tc Energy, down from $2.3 billion in the prior quarter.
  • In the past five years, Free Cash Flow ranged from a high of $3.0 billion in Q4 2022 to a low of $393.0 million in Q4 2025.
  • Historically, Free Cash Flow has averaged $2.4 billion across 5 years, with a median of $2.6 billion in 2021.
  • The sharpest annual moves came in 2023 and 2025: Free Cash Flow soared 51.86% in 2023, then tumbled 85.26% in 2025.
  • A 5-year view of Free Cash Flow shows it stood at $2.7 billion in 2021, then increased by 11.19% to $3.0 billion in 2022, then retreated by 4.51% to $2.9 billion in 2023, then declined by 7.46% to $2.7 billion in 2024, then sank by 85.26% to $393.0 million in 2025.
  • The last three Free Cash Flow figures came in at $393.0 million (Q4 2025), $2.3 billion (Q3 2025), and $767.9 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Enbridge 88.33 Bn 89.03 Bn 6.70 Bn -70.73 Mn
2 Enterprise Products Partners 80.83 Bn 79.68 Bn - 486.00 Mn
3 Kinder Morgan 69.66 Bn 70.75 Bn 3.08 Bn 1.36 Bn
4 Energy Transfer 65.60 Bn 64.88 Bn 6.62 Bn 1.46 Bn
5 Scorpio Tankers 59.17 Bn 58.19 Bn - -
6 Mplx 57.43 Bn 55.92 Bn 2.54 Bn 772.00 Mn
7 Targa Resources 56.68 Bn 56.71 Bn 1.70 Bn -160.00 Mn
8 Oneok 55.34 Bn 55.21 Bn 2.57 Bn 70.00 Mn
9 Tc Energy 50.79 Bn 51.99 Bn 2.95 Bn 392.96 Mn
10 Tc Energy - - 2.95 Bn 392.96 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 392.96 Mn
Dec 31, 2025 392.96 Mn
Sep 30, 2025 2.31 Bn
Sep 30, 2025 2.31 Bn
Jun 30, 2025 767.90 Mn
Jun 30, 2025 767.90 Mn
Mar 31, 2025 2.03 Bn
Mar 31, 2025 2.03 Bn
Dec 31, 2024 2.67 Bn
Dec 31, 2024 2.67 Bn
Sep 30, 2024 2.69 Bn
Sep 30, 2024 2.69 Bn
Jun 30, 2024 2.18 Bn
Jun 30, 2024 2.18 Bn
Mar 31, 2024 2.69 Bn
Mar 31, 2024 2.69 Bn
Dec 31, 2023 2.88 Bn
Dec 31, 2023 2.88 Bn
Sep 30, 2023 2.88 Bn
Sep 30, 2023 2.88 Bn