Tc Energy TNCAF
NYSE TNCAF
$15.70 +0.00 (+0.00%)
At close: Sep 8, 2026 · 4:00 PM EDT

Tc Energy (TNCAF) EBT Margin (2009 - 2026)

Tc Energy (TNCAF) posted EBT Margin of 36.72% for Q2 2026, up 7.48% on a QoQ basis from 34.17% in Q4 2025, and up 96.0% year-over-year from 18.73% in Q2 2025.

Analysis

Tc Energy (TNCAF) EBT Margin (2009 - 2026) Analysis & Trends

Tc Energy has reported EBT Margin for 18 years, with the latest figure at 36.72% in Q2 2026.

  • On a quarterly basis, EBT Margin rose 96.0% year-over-year to 36.72% in Q2 2026; TTM through Jun 2026 was 34.86%, a 608.0% decrease from a year earlier, with the FY2025 full-year figure at 35.72%, down 716.0% from the prior year.
  • EBT Margin was 36.72% for Q2 2026 at Tc Energy, up from 34.17% in the prior quarter.
  • The five-year high for EBT Margin was 45.04% in Q3 2024, with the low at 103.42% in Q4 2022.
  • Average EBT Margin over 5 years is 24.21%, with a median of 33.89% recorded in 2024.
  • The sharpest annual moves came in 2022 and 2023: EBT Margin sank 14349 bps in 2022, then jumped 14093 bps in 2023.
  • Over 5 years, EBT Margin stood at 103.42% in 2022, then jumped by 136 bps to 37.51% in 2023, then rose by 12 bps to 42.02% in 2024, then fell by 19 bps to 34.17% in 2025, then climbed by 7 bps to 36.72% in 2026.
  • The last three EBT Margin figures came in at 36.72% (Q2 2026), 34.17% (Q4 2025), and 32.75% (Q3 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBT Margin (Qtr)
1 Kinder Morgan 112.43 Bn 112.31 Bn 3.07 Bn 26.04%
2 Enterprise Products Partners 85.02 Bn 84.11 Bn - 10.22%
3 Energy Transfer 74.51 Bn 73.47 Bn 7.40 Bn 7.93%
4 Targa Resources 62.54 Bn 62.41 Bn 2.14 Bn 22.63%
5 Mplx 60.94 Bn 59.91 Bn 2.73 Bn 32.88%
6 Oneok 60.43 Bn 60.27 Bn 2.81 Bn 10.51%
7 Enbridge 55.26 Bn 55.75 Bn 5.23 Bn 6.86%
8 Gas Transporter Of The South 22.53 Bn -3,018.52 Bn - -
9 Plains All American Pipeline 18.19 Bn 17.13 Bn 1.14 Bn 2.13%
10 Tc Energy 16.13 Bn 15.60 Bn 1.80 Bn 36.72%
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 36.72%
Dec 31, 2025 34.17%
Sep 30, 2025 32.75%
Jun 30, 2025 35.76%
Mar 31, 2025 40.52%
Dec 31, 2024 42.02%
Sep 30, 2024 45.04%
Jun 30, 2024 27.86%
Mar 31, 2024 33.61%
Dec 31, 2023 37.51%
Dec 31, 2022 -103.42%
Sep 30, 2022 26.11%
Jun 30, 2022 29.67%
Mar 31, 2022 20.66%
Dec 31, 2021 40.07%
Sep 30, 2021 29.41%
Jun 30, 2021 36.68%
Mar 31, 2021 -41.11%
Dec 31, 2020 40.89%
Sep 30, 2020 37.62%