Tc Energy TRP
NYSE TRP
$62.60 -0.30 (-0.48%)
At close: Sep 4, 2026 · 4:00 PM EDT

Tc Energy (TRP) FCF Margin (2009 - 2026)

Tc Energy (TRP) posted FCF Margin of 92.82% for Q2 2026, up 19.41% on a QoQ basis from 77.74% in Q4 2025, and up 516.0% year-over-year from 15.07% in Q2 2025.

Analysis

Tc Energy (TRP) FCF Margin (2009 - 2026) Analysis & Trends

Tc Energy has reported FCF Margin for 18 years, with the latest figure at 92.82% in Q2 2026.

  • On a quarterly basis, FCF Margin rose 516.0% year-over-year to 92.82% in Q2 2026; TTM through Jun 2026 was 85.87%, a 466.0% decrease from a year earlier, with the FY2025 full-year figure at 13.62%, down 8807.0% from the prior year.
  • FCF Margin was 92.82% for Q2 2026 at Tc Energy, up from 77.74% in the prior quarter.
  • The five-year high for FCF Margin was 298.25% in Q4 2022, with the low at 60.63% in Q2 2022.
  • Average FCF Margin over 5 years is 100.96%, with a median of 88.78% recorded in 2024.
  • The sharpest annual moves came in 2022 and 2023: FCF Margin jumped 20283 bps in 2022, then tumbled 20566 bps in 2023.
  • Over 5 years, FCF Margin stood at 298.25% in 2022, then plunged by 69 bps to 92.59% in 2023, then grew by 12 bps to 104.11% in 2024, then slipped by 25 bps to 77.74% in 2025, then grew by 19 bps to 92.82% in 2026.
  • The last three FCF Margin figures came in at 92.82% (Q2 2026), 77.74% (Q4 2025), and 85.72% (Q3 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Kinder Morgan 111.69 Bn 112.81 Bn 3.07 Bn 21.84%
2 Enterprise Products Partners 84.07 Bn 83.21 Bn - 11.07%
3 Energy Transfer 74.03 Bn 73.00 Bn 7.40 Bn 7.88%
4 Tc Energy 65.16 Bn 64.62 Bn 1.80 Bn 92.82%
5 Targa Resources 62.18 Bn 62.19 Bn 2.14 Bn 9.71%
6 Mplx 60.51 Bn 59.48 Bn 2.73 Bn 26.48%
7 Oneok 60.16 Bn 60.09 Bn 2.81 Bn 11.95%
8 Enbridge 54.38 Bn 54.88 Bn 5.23 Bn 3.87%
9 Pembina Pipeline 28.12 Bn 27.76 Bn 933.00 Mn 51.81%
10 Gas Transporter Of The South 21.92 Bn -3,019.13 Bn - -
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 92.82%
Dec 31, 2025 77.74%
Sep 30, 2025 85.72%
Jun 30, 2025 87.66%
Mar 31, 2025 80.57%
Dec 31, 2024 104.11%
Sep 30, 2024 89.91%
Jun 30, 2024 73.15%
Mar 31, 2024 85.34%
Dec 31, 2023 92.59%
Dec 31, 2022 298.25%
Sep 30, 2022 93.13%
Jun 30, 2022 60.63%
Mar 31, 2022 91.86%
Dec 31, 2021 95.42%
Sep 30, 2021 97.47%
Jun 30, 2021 91.92%
Mar 31, 2021 97.93%
Dec 31, 2020 118.38%
Sep 30, 2020 120.38%