Tc Energy (TRP) Operating Margin (2009 - 2026)
Tc Energy (TRP) posted quarterly Operating Margin of 5.66% for Q4 2024, down 6728.0% year-over-year from 0.09% in Q1 2024, and down 92.1% quarter-over-quarter from 71.69% in Q3 2024.
Tc Energy (TRP) Operating Margin (2009 - 2026) Analysis & Trends
Tc Energy's Operating Margin history runs 14 years deep, the most recent figure standing at 5.66% for Q4 2024.
- In Q4 2024, Operating Margin fell 6728.0% year-over-year to 5.66%; the TTM figure through Dec 2024 stood at 66.55% (down 60.0% YoY), while the FY2025 annual figure was 68.32%, up 195.0% from the prior year.
- Operating Margin for Q4 2024 stood at 5.66%, down from 71.69% in the prior quarter.
- The five-year high for Operating Margin was 74.78% in Q1 2024, with the low at 5.66% in Q4 2024.
- The 3-year median for Operating Margin is 71.28% (2023), against an average of 61.6%.
- Peak annual rise in Operating Margin reached 391 bps in 2024, while the deepest fall reached 6728 bps in 2024.
- Tc Energy's Operating Margin stood at 61.31% in 2022, then gained by 19 bps to 72.95% in 2023, then tumbled by 92 bps to 5.66% in 2024.
- Business Quant data shows TRP's Operating Margin at 5.66% in Q4 2024, 71.69% in Q3 2024, and 72.56% in Q2 2024.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 30.06% |
| 2 | Enbridge | 110.91 Bn | 109.42 Bn | 5.23 Bn | 9.93% |
| 3 | Enterprise Products Partners | 83.41 Bn | 82.50 Bn | - | 12.31% |
| 4 | Energy Transfer | 72.45 Bn | 71.42 Bn | 7.40 Bn | 10.41% |
| 5 | Tc Energy | 65.95 Bn | 58.39 Bn | 1.24 Bn | 29.84% |
| 6 | Mplx | 60.44 Bn | 59.41 Bn | 2.73 Bn | 41.61% |
| 7 | Oneok | 59.80 Bn | 59.64 Bn | 2.81 Bn | 13.22% |
| 8 | Targa Resources | 59.00 Bn | 58.86 Bn | 2.14 Bn | 27.80% |
| 9 | Cheniere Energy | 55.77 Bn | 54.52 Bn | 5.29 Bn | 74.84% |
| 10 | Venture Global | 34.04 Bn | 30.82 Bn | 2.92 Bn | 47.79% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 29.84% |
| Dec 31, 2025 | 31.60% |
| Sep 30, 2025 | 26.39% |
| Jun 30, 2025 | 27.76% |
| Mar 31, 2025 | 42.95% |
| Dec 31, 2024 | 5.66% |
| Sep 30, 2024 | 71.69% |
| Jun 30, 2024 | 72.56% |
| Mar 31, 2024 | 74.78% |
| Dec 31, 2023 | 72.95% |
| Mar 31, 2023 | 70.88% |
| Sep 30, 2022 | 61.31% |
| Jun 30, 2022 | 62.99% |
| Dec 31, 2019 | 66.44% |
| Sep 30, 2019 | -63,767.92% |
| Jun 30, 2019 | 69.72% |
| Mar 31, 2019 | 66.13% |
| Dec 31, 2018 | 67.73% |
| Mar 31, 2018 | 57.04% |
| Dec 31, 2017 | 55.35% |