Tc Energy (TCENF) Tax Rate (2009 - 2025)
Tc Energy (TCENF) posted Tax Rate of 10.04% for Q4 2025, up 3.23% on a QoQ basis from 9.73% in Q3 2025, and down 167.0% year-on-year from 14.99% in Q4 2024.
Tc Energy (TCENF) Tax Rate (2009 - 2025) Analysis & Trends
Tc Energy has disclosed Tax Rate across 17 years of filings, most recently posting 10.04% for Q4 2025.
- Tax Rate for Q4 2025 came in at 10.04%, down 167.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 6.75% (down 160.0% YoY), and the FY2025 annual result was 6.74%, down 164.0% from the prior year.
- Tax Rate came in at 10.04% for Q4 2025 at Tc Energy, up from 9.73% in the prior quarter.
- Over the last five years, Tax Rate for TCENF reached as high as 50.41% in Q4 2023 and fell as low as 248.72% in Q3 2023.
- Median Tax Rate over the past 5 years was 6.14% (2023), compared with a mean of 4.49%.
- Year-over-year, Tax Rate tumbled 25981 bps in 2023 and surged 25997 bps in 2024.
- Over 5 years, Tax Rate stood at 19.36% in 2021, then soared by 123 bps to 4.51% in 2022, then surged by 1018 bps to 50.41% in 2023, then plunged by 77 bps to 11.71% in 2024, then retreated by 14 bps to 10.04% in 2025.
- Per Business Quant, the three latest TCENF Tax Rate figures stand at 10.04% (Q4 2025), 9.73% (Q3 2025), and 1.72% (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 24.82% |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 22.28% |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 1.45% |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 6.40% |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 20.27% |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 0.11% |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 24.00% |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | - |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 15.08% |
| 10 | Tc Energy | - | - | 2.95 Bn | 10.04% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 10.04% |
| Dec 31, 2025 | 10.04% |
| Sep 30, 2025 | 9.73% |
| Sep 30, 2025 | 9.73% |
| Jun 30, 2025 | 1.72% |
| Jun 30, 2025 | 1.72% |
| Mar 31, 2025 | 5.65% |
| Mar 31, 2025 | 5.65% |
| Dec 31, 2024 | 11.71% |
| Dec 31, 2024 | 11.71% |
| Sep 30, 2024 | 11.26% |
| Sep 30, 2024 | 11.26% |
| Jun 30, 2024 | 4.75% |
| Jun 30, 2024 | 4.75% |
| Mar 31, 2024 | 4.07% |
| Mar 31, 2024 | 4.07% |
| Dec 31, 2023 | 50.41% |
| Dec 31, 2023 | 50.41% |
| Sep 30, 2023 | -248.72% |
| Sep 30, 2023 | -248.72% |