Tc Energy (TRP) EBIT Margin (2009 - 2026)
Tc Energy (TRP) posted EBIT Margin of 58.43% for Q2 2026, down 6.73% on a QoQ basis from 62.64% in Q4 2025, and down 276.0% year-over-year from 33.2% in Q2 2025.
Analysis
Tc Energy (TRP) EBIT Margin (2009 - 2026) Analysis & Trends
Tc Energy has reported EBIT Margin for 18 years, with the latest figure at 58.43% in Q2 2026.
- On a quarterly basis, EBIT Margin fell 276.0% year-over-year to 58.43% in Q2 2026; TTM through Jun 2026 was 60.97%, a 172.0% decrease from a year earlier, with the FY2025 full-year figure at 6.92%, down 3352.0% from the prior year.
- EBIT Margin was 58.43% for Q2 2026 at Tc Energy, down from 62.64% in the prior quarter.
- The five-year high for EBIT Margin was 64.39% in Q1 2025, with the low at 50.84% in Q4 2022.
- Average EBIT Margin over 5 years is 47.5%, with a median of 57.14% recorded in 2023.
- The sharpest annual moves came in 2022 and 2023: EBIT Margin tumbled 10795 bps in 2022, then jumped 10669 bps in 2023.
- Over 5 years, EBIT Margin stood at 50.84% in 2022, then soared by 210 bps to 55.85% in 2023, then gained by 9 bps to 61.0% in 2024, then climbed by 3 bps to 62.64% in 2025, then fell by 7 bps to 58.43% in 2026.
- The last three EBIT Margin figures came in at 58.43% (Q2 2026), 62.64% (Q4 2025), and 61.61% (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 30.06% |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | 12.31% |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 10.41% |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | 58.43% |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 27.80% |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 41.61% |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 13.22% |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 9.93% |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | 37.45% |
| 10 | Gas Transporter Of The South | 21.92 Bn | -3,019.13 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 58.43% |
| Dec 31, 2025 | 62.64% |
| Sep 30, 2025 | 61.61% |
| Jun 30, 2025 | 61.19% |
| Mar 31, 2025 | 64.39% |
| Dec 31, 2024 | 61.00% |
| Sep 30, 2024 | 64.07% |
| Jun 30, 2024 | 47.03% |
| Mar 31, 2024 | 51.99% |
| Dec 31, 2023 | 55.85% |
| Dec 31, 2022 | -50.84% |
| Sep 30, 2022 | 43.64% |
| Jun 30, 2022 | 46.71% |
| Mar 31, 2022 | 37.23% |
| Dec 31, 2021 | 57.11% |
| Sep 30, 2021 | 47.81% |
| Jun 30, 2021 | 55.00% |
| Mar 31, 2021 | -24.25% |
| Dec 31, 2020 | 56.96% |
| Sep 30, 2020 | 55.12% |