Tc Energy (TRP) Gross Margin (2024 - 2026)
Tc Energy (TRP) posted Gross Margin of 62.88% for Q2 2026, little changed on a QoQ basis from 62.69% in Q4 2025, and up 158.0% year-over-year from 24.37% in Q2 2025.
Analysis
Tc Energy (TRP) Gross Margin (2024 - 2026) Analysis & Trends
Tc Energy has reported Gross Margin for 3 years, with the latest figure at 62.88% in Q2 2026.
- On a quarterly basis, Gross Margin rose 158.0% year-over-year to 62.88% in Q2 2026; TTM through Jun 2026 was 62.16%, a 420.0% increase from a year earlier, with the FY2025 full-year figure at 62.54%, down 3588.0% from the prior year.
- Gross Margin was 62.88% for Q2 2026 at Tc Energy, roughly flat from 62.69% in the prior quarter.
- The five-year high for Gross Margin was 64.56% in Q1 2025, with the low at 58.34% in Q4 2024.
- Average Gross Margin over 3 years is 61.91%, with a median of 62.18% recorded in 2025.
- The sharpest annual moves came in 2025 and 2026: Gross Margin jumped 435 bps in 2025, then jumped 158 bps in 2026.
- Over 3 years, Gross Margin stood at 58.34% in 2024, then advanced by 7 bps to 62.69% in 2025, then grew by 0 bps to 62.88% in 2026.
- The last three Gross Margin figures came in at 62.88% (Q2 2026), 62.69% (Q4 2025), and 61.66% (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 68.62% |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | - |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 21.55% |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | 62.88% |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 48.15% |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 82.28% |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 23.30% |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 24.69% |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | 43.36% |
| 10 | Gas Transporter Of The South | 21.92 Bn | -3,019.13 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 62.88% |
| Dec 31, 2025 | 62.69% |
| Sep 30, 2025 | 61.66% |
| Jun 30, 2025 | 61.30% |
| Mar 31, 2025 | 64.56% |
| Dec 31, 2024 | 58.34% |