Tc Energy (TRP) Net Margin (2009 - 2026)
Tc Energy's Net Margin was 24.94% in Q2 2026, up 2.69 percentage points from 22.25% a year earlier.
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Analysis
Tc Energy (TRP) Net Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Tc Energy's Net Margin was 21.88% through Jun 30, 2026, down 4.94 percentage points year-over-year; for FY2025, it came in at 22.31%, down 11.05 percentage points from FY2024.
- Net Margin shows a five-year change of -11.98 percentage points (FY2020 to FY2025).
- In earlier years, Net Margin was 33.36% in FY2024 (+12.04 pp), 21.32% in FY2023 (+16.12 pp), 5.21% in FY2022 (-8.35 pp) and 13.56% in FY2021 (-20.73 pp).
- The Q2 2026 figure marks the highest quarterly Net Margin since Q4 2024.
- Compared with a year earlier, Net Margin was higher in 1 of the last four quarters, with an average year-over-year change of -5.16 percentage points.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 103.93 Bn | 99.53 Bn | 4.84 Bn | 4.76% |
| 2 | Williams Companies | 82.08 Bn | 79.11 Bn | 2.59 Bn | 30.65% |
| 3 | Enterprise Products Partners | 79.97 Bn | 78.33 Bn | - | 9.05% |
| 4 | Kinder Morgan | 68.25 Bn | 67.10 Bn | 2.97 Bn | 16.86% |
| 5 | Tc Energy | 65.66 Bn | 62.42 Bn | - | - |
| 6 | Energy Transfer | 65.65 Bn | 61.48 Bn | 6.57 Bn | 3.07% |
| 7 | Cheniere Energy | 59.17 Bn | 53.31 Bn | 2.97 Bn | 18.95% |
| 8 | Targa Resources | 58.63 Bn | 58.09 Bn | 2.02 Bn | 11.76% |
| 9 | Mplx | 57.30 Bn | 51.33 Bn | 3.19 Bn | 32.29% |
| 10 | Oneok | 54.56 Bn | 53.96 Bn | 2.84 Bn | 10.84% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 24.94% |
| Mar 31, 2026 | 23.28% |
| Dec 31, 2025 | 23.51% |
| Sep 30, 2025 | 16.44% |
| Jun 30, 2025 | 22.25% |
| Mar 31, 2025 | 26.99% |
| Dec 31, 2024 | 27.15% |
| Sep 30, 2024 | 35.68% |
| Jun 30, 2024 | 23.57% |
| Mar 31, 2024 | 28.35% |
| Dec 31, 2023 | 34.54% |
| Dec 31, 2022 | -105.39% |
| Sep 30, 2022 | 22.14% |
| Jun 30, 2022 | 24.44% |
| Mar 31, 2022 | 10.23% |
| Dec 31, 2021 | 31.19% |
| Jun 30, 2021 | 30.64% |
| Sep 30, 2020 | 28.29% |
| Dec 31, 2019 | 31.78% |
| Jun 30, 2019 | 32.26% |
API Access
Tc Energy Net 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=net-margin&ticker=TRP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=TRP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();