Tc Energy (TRP) EBT Margin (2009 - 2026)
Tc Energy (TRP) 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 (TRP) 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 | 111.69 Bn | 112.81 Bn | 3.07 Bn | 26.04% |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | 10.22% |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 7.93% |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | 36.72% |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 22.63% |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 32.88% |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 10.51% |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 6.86% |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | 30.30% |
| 10 | Gas Transporter Of The South | 21.92 Bn | -3,019.13 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |