Tc Energy (TRP) EBITDA Margin (2009 - 2026)
Tc Energy (TRP) recorded EBITDA Margin of 79.66% in Q2 2026, up 1.74 percentage points from 77.91% a year earlier.
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Analysis
Tc Energy (TRP) EBITDA Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Tc Energy's EBITDA Margin came in at 78.84% as of Jun 30, 2026, up 3.83 percentage points year-over-year; for FY2025, it came in at 61.18%, up 0.49 percentage points from FY2024.
- Annual EBITDA Margin has a five-year change of -3.40 percentage points (FY2020 to FY2025).
- Across earlier years, EBITDA Margin came in at 60.69% in FY2024 (-4.02 pp), 64.71% in FY2023 (+7.34 pp), 57.36% in FY2022 (+15.79 pp) and 41.58% in FY2021 (-23.00 pp).
- The Q2 2026 figure is the highest quarterly EBITDA Margin since Q3 2024.
- On a year-over-year basis, EBITDA Margin rose in three of the last four quarters, with an average year-over-year change of +4.95 percentage points.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 103.82 Bn | 99.42 Bn | 4.84 Bn | 14.80% |
| 2 | Williams Companies | 82.27 Bn | 79.29 Bn | 2.59 Bn | 54.48% |
| 3 | Enterprise Products Partners | 79.55 Bn | 77.91 Bn | - | 14.64% |
| 4 | Kinder Morgan | 68.17 Bn | 67.03 Bn | 2.97 Bn | 39.46% |
| 5 | Energy Transfer | 65.82 Bn | 61.66 Bn | 6.57 Bn | 11.80% |
| 6 | Tc Energy | 65.66 Bn | 62.42 Bn | - | - |
| 7 | Cheniere Energy | 59.41 Bn | 53.55 Bn | 2.97 Bn | 37.39% |
| 8 | Targa Resources | 58.56 Bn | 58.02 Bn | 2.02 Bn | 27.89% |
| 9 | Mplx | 57.63 Bn | 51.65 Bn | 3.19 Bn | 51.65% |
| 10 | Oneok | 54.26 Bn | 53.66 Bn | 2.84 Bn | 15.76% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 79.88% |
| Mar 31, 2026 | 83.06% |
| Dec 31, 2025 | 78.62% |
| Sep 30, 2025 | 79.13% |
| Jun 30, 2025 | 77.91% |
| Mar 31, 2025 | 81.89% |
| Dec 31, 2024 | 73.92% |
| Sep 30, 2024 | 81.53% |
| Jun 30, 2024 | 64.58% |
| Mar 31, 2024 | 68.94% |
| Dec 31, 2023 | 72.78% |
| Dec 31, 2022 | -2.04% |
| Sep 30, 2022 | 60.83% |
| Jun 30, 2022 | 64.17% |
| Mar 31, 2022 | 55.11% |
| Dec 31, 2021 | 113.11% |
| Jun 30, 2021 | 74.89% |
| Sep 30, 2020 | 41.19% |
| Dec 31, 2019 | 70.63% |
| Jun 30, 2019 | 75.97% |
API Access
Tc Energy EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=TRP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "TRP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=TRP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();