Tc Energy (TRP) EBITDA Margin (2009 - 2026)
Tc Energy (TRP) recorded EBITDA Margin of 153.90% in the quarter ended Jun 30, 2026, down 1.41 percentage points from 155.32% 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 154.52% as of Jun 30, 2026, up 19.83 percentage points year-over-year; for the year ended Dec 31, 2025, it came in at 154.26%, up 93.58 percentage points from the prior year.
- Annual EBITDA Margin has a five-year change of +89.69 percentage points (years ended Dec 2020 to Dec 2025).
- Across earlier years, EBITDA Margin came in at 60.69% in the year ended Dec 31, 2024 (-9.93 pp), 70.62% in the year ended Dec 31, 2023 (+5.66 pp), 64.96% in the year ended Dec 31, 2022 (+39.91 pp) and 25.05% in the year ended Dec 31, 2021 (-39.52 pp).
- Quarterly EBITDA Margin has ranged from -0.69% in the quarter ended Dec 31, 2022 to 157.23% in the quarter ended Dec 31, 2024 over the past five years.
- On a year-over-year basis, EBITDA Margin rose in three of the last five quarters, with an average year-over-year change of +49.29 percentage points.
- Peak year-over-year performance for EBITDA Margin in the last five years was a gain of 93.14 percentage points in the quarter ended Jun 30, 2025, against a drop of 75.50 percentage points in the quarter ended Dec 31, 2022 at the low end.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 104.31 Bn | 99.91 Bn | 4.84 Bn | 14.80% |
| 2 | Williams Companies | 85.97 Bn | 84.68 Bn | 2.54 Bn | 58.11% |
| 3 | Enterprise Products Partners | 79.39 Bn | 77.78 Bn | - | 15.75% |
| 4 | Kinder Morgan | 74.56 Bn | 74.26 Bn | 3.07 Bn | 43.91% |
| 5 | Energy Transfer | 68.96 Bn | 62.15 Bn | 7.40 Bn | 15.00% |
| 6 | Tc Energy | 64.10 Bn | 60.18 Bn | 2.81 Bn | 153.90% |
| 7 | Targa Resources | 62.79 Bn | 62.27 Bn | 2.14 Bn | 38.12% |
| 8 | Cheniere Energy | 59.18 Bn | 54.01 Bn | 5.29 Bn | 81.65% |
| 9 | Mplx | 58.80 Bn | 52.36 Bn | 2.91 Bn | 52.87% |
| 10 | Oneok | 58.52 Bn | 56.91 Bn | 2.81 Bn | 16.43% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 153.90% |
| Dec 31, 2025 | 153.24% |
| Sep 30, 2025 | 155.80% |
| Jun 30, 2025 | 155.32% |
| Dec 31, 2024 | 157.23% |
| Sep 30, 2024 | 81.53% |
| Jun 30, 2024 | 62.17% |
| 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% |
| Sep 30, 2019 | 73.28% |
| Jun 30, 2019 | 75.97% |
| Dec 31, 2018 | 52.28% |
| Sep 30, 2018 | 72.53% |
| Mar 31, 2018 | 59.90% |
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();