Tc Energy (TRP) Gross Margin (2009 - 2026)
Tc Energy (TRP) posted Gross Margin of 98.16% for the quarter ended Jun 30, 2026, down 0.54 percentage points from 98.69% a year earlier.
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Analysis
Tc Energy (TRP) Gross Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Gross Margin at Tc Energy was 98.52%, up 0.03 percentage points year-over-year; for the year ended Dec 31, 2025, it was 98.64%, up 0.21 percentage points from the prior year.
- Annual Gross Margin shows a five-year change of -1.36 percentage points (years ended Dec 2020 to Dec 2025).
- In prior years, Tc Energy's Gross Margin was 98.42% in the year ended Dec 31, 2024 (-1.07 pp), 99.50% in the year ended Dec 31, 2023 (-0.36 pp), 99.85% in the year ended Dec 31, 2022 (+0.50 pp) and 99.35% in the year ended Dec 31, 2021 (-0.65 pp).
- The figure for the quarter ended Jun 30, 2026 stands as the lowest quarterly Gross Margin since the quarter ended Dec 31, 2024.
- On a year-over-year basis, Gross Margin increased in 1 of the last five quarters, with an average year-over-year change of -0.32 percentage points.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 102.52 Bn | 100.06 Bn | 4.84 Bn | 22.85% |
| 2 | Enterprise Products Partners | 79.27 Bn | 77.71 Bn | - | - |
| 3 | Energy Transfer | 69.21 Bn | 62.65 Bn | 7.40 Bn | 21.55% |
| 4 | Kinder Morgan | 68.17 Bn | 69.12 Bn | 3.07 Bn | 68.62% |
| 5 | Tc Energy | 61.09 Bn | 64.16 Bn | 2.81 Bn | 98.16% |
| 6 | Targa Resources | 59.48 Bn | 59.10 Bn | 2.14 Bn | 48.15% |
| 7 | Mplx | 58.45 Bn | 52.01 Bn | 2.91 Bn | 87.77% |
| 8 | Oneok | 55.88 Bn | 54.37 Bn | 2.81 Bn | 23.30% |
| 9 | Cheniere Energy | 55.70 Bn | 55.83 Bn | 5.29 Bn | 92.34% |
| 10 | Venture Global | 32.11 Bn | 26.66 Bn | 2.92 Bn | 63.74% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 98.16% |
| Dec 31, 2025 | 98.68% |
| Sep 30, 2025 | 98.54% |
| Jun 30, 2025 | 98.69% |
| Mar 31, 2025 | 98.62% |
| Dec 31, 2024 | 97.71% |
| Sep 30, 2024 | 98.85% |
| Jun 30, 2024 | 99.03% |
| Dec 31, 2023 | 99.10% |
| Dec 31, 2022 | 97.40% |
| Sep 30, 2022 | 96.63% |
| Jun 30, 2022 | 95.24% |
| Mar 31, 2022 | 96.34% |
| Dec 31, 2019 | 99.97% |
| Sep 30, 2019 | 99.94% |
| Jun 30, 2019 | 96.76% |
| Mar 31, 2018 | 82.56% |
| Dec 31, 2017 | 81.45% |
| Sep 30, 2017 | 80.56% |
| Jun 30, 2017 | 83.07% |
API Access
Tc Energy Gross 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=gross-margin&ticker=TRP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-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=gross-margin&ticker=TRP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();