Tc Energy (TRP) EBT Margin (2009 - 2025)
Tc Energy's (TRP) quarterly EBT Margin came in at 73.18% in Q4 2025, down 1544.0% year-on-year from 5.07% in Q4 2024, and down 1.25% quarter-over-quarter from 74.1% in Q3 2025.
Tc Energy (TRP) EBT Margin (2009 - 2025) Analysis & Trends
Tc Energy's EBT Margin history runs 17 years deep, the most recent figure standing at 73.18% for Q4 2025.
- On a quarterly basis, EBT Margin fell 1544.0% year-over-year to 73.18% in Q4 2025; TTM through Dec 2025 was 76.17%, a 1701.0% decrease from a year earlier, with the FY2025 full-year figure at 76.19%, down 1698.0% from the prior year.
- EBT Margin fell to 73.18% in Q4 2025 per TRP's latest filing, from 74.1% in the prior quarter.
- Across five years, EBT Margin topped out at 122.36% in Q3 2024 and bottomed at 102.89% in Q1 2021.
- The 5-year median for EBT Margin is 74.42% (2021), against an average of 56.02%.
- Across the five-year window, EBT Margin plunged 18562 bps in 2021 and soared 15278 bps in 2022, its largest moves.
- Year by year, EBT Margin stood at 40.07% in 2021, then slumped by 188 bps to 35.14% in 2022, then jumped by 207 bps to 37.51% in 2023, then jumped by 136 bps to 88.62% in 2024, then decreased by 17 bps to 73.18% in 2025.
- Per Business Quant, the three latest TRP EBT Margin figures stand at 73.18% (Q4 2025), 74.1% (Q3 2025), and 78.58% (Q2 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 88.39% |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | 24.28% |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 26.04% |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 10.58% |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 10.55% |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 73.18% |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 7.60% |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 14.93% |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 10.62% |
| 10 | Mplx | 58.39 Bn | 56.89 Bn | 1.95 Bn | 39.29% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 73.18% |
| Sep 30, 2025 | 74.10% |
| Jun 30, 2025 | 78.58% |
| Mar 31, 2025 | 79.01% |
| Dec 31, 2024 | 88.62% |
| Sep 30, 2024 | 122.36% |
| Jun 30, 2024 | 77.52% |
| Mar 31, 2024 | 85.29% |
| Dec 31, 2023 | 37.51% |
| Sep 30, 2023 | -2.65% |
| Jun 30, 2023 | 39.03% |
| Mar 31, 2023 | 98.77% |
| Dec 31, 2022 | -35.14% |
| Sep 30, 2022 | 68.46% |
| Jun 30, 2022 | 77.24% |
| Mar 31, 2022 | 49.90% |
| Dec 31, 2021 | 40.07% |
| Sep 30, 2021 | 74.75% |
| Jun 30, 2021 | 96.77% |
| Mar 31, 2021 | -102.89% |