Tc Energy (TRP) EV to EBITDA (2010 - 2026)
Tc Energy's EV to EBITDA was 4.29 in the quarter ended Jun 30, 2026, up 9.7% from 3.91 a year earlier.
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Analysis
Tc Energy (TRP) EV to EBITDA (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Tc Energy's EV to EBITDA was 4.15 through Jun 30, 2026, up 15.7% year-over-year; for the year ended Dec 31, 2025, it was 3.80, down 58.3% from the prior year.
- In earlier years, EV to EBITDA was 9.11 in the year ended Dec 31, 2024 (+69.5%), 5.38 in the year ended Dec 31, 2023 (+0.1%), 5.37 in the year ended Dec 31, 2022 (-67.0%) and 16.29 in the year ended Dec 31, 2021 (+176.7%).
- The figure for the quarter ended Jun 30, 2026 marks the highest quarterly EV to EBITDA since the quarter ended Mar 31, 2025.
- Compared with a year earlier, EV to EBITDA was higher in 1 of the last seven quarters, with an average decline of 21.1%.
- The best year-over-year quarter for EV to EBITDA over five years was the quarter ended Dec 31, 2021 (growth of 55.3%); the worst was the quarter ended Sep 30, 2025 (a decline of 37.2%).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Enbridge | 104.88 Bn | 100.48 Bn | 4.84 Bn |
| 2 | Williams Companies | 88.86 Bn | 87.57 Bn | 2.54 Bn |
| 3 | Enterprise Products Partners | 79.38 Bn | 77.77 Bn | - |
| 4 | Kinder Morgan | 75.47 Bn | 75.18 Bn | 3.07 Bn |
| 5 | Energy Transfer | 69.38 Bn | 62.56 Bn | 7.40 Bn |
| 6 | Tc Energy | 64.92 Bn | 61.01 Bn | 2.81 Bn |
| 7 | Targa Resources | 63.61 Bn | 63.08 Bn | 2.14 Bn |
| 8 | Cheniere Energy | 59.20 Bn | 54.02 Bn | 5.29 Bn |
| 9 | Mplx | 58.98 Bn | 52.54 Bn | 2.91 Bn |
| 10 | Oneok | 58.56 Bn | 56.95 Bn | 2.81 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.28 |
| Dec 31, 2025 | 4.26 |
| Sep 30, 2025 | 4.31 |
| Jun 30, 2025 | 4.46 |
| Mar 31, 2025 | 5.27 |
| Dec 31, 2024 | 5.23 |
| Sep 30, 2024 | 6.13 |
| Jun 30, 2024 | 5.06 |
| Mar 31, 2024 | 6.56 |
| Dec 31, 2023 | 6.23 |
| Sep 30, 2023 | 6.86 |
| Jun 30, 2023 | 7.28 |
| Mar 31, 2023 | 6.26 |
| Dec 31, 2022 | 7.88 |
| Sep 30, 2022 | 4.56 |
| Jun 30, 2022 | 6.00 |
| Mar 31, 2022 | 6.50 |
| Dec 31, 2021 | 6.72 |
| Sep 30, 2021 | 7.89 |
| Jun 30, 2021 | 9.37 |
API Access
Tc Energy EV to EBITDA 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=ev-to-ebitda&ticker=TRP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "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=ev-to-ebitda&ticker=TRP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();