Tc Energy (TRP) Operating Margin (2009 - 2026)
Tc Energy (TRP) reported Operating Margin of 61.03% for Q2 2026, up 1.04 percentage points from 59.99% a year earlier.
Powered by 
Analysis
Tc Energy (TRP) Operating Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Tc Energy's Operating Margin came in at 60.67%, down 6.05 percentage points year-over-year; for FY2025, it was 43.01%, up 2.57 percentage points from FY2024.
- Operating Margin has a five-year change of -1.64 percentage points (FY2020 to FY2025).
- By year, Operating Margin came in at 40.44% in FY2024 (-3.33 pp), 43.77% in FY2023 (+7.40 pp), 36.37% in FY2022 (+13.63 pp) and 22.74% in FY2021 (-21.91 pp).
- Five-year quarterly Operating Margin spans a low of 56.05% in Q4 2024 and a high of 95.42% in Q4 2021.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 103.93 Bn | 99.53 Bn | 4.84 Bn | 9.93% |
| 2 | Williams Companies | 82.08 Bn | 79.11 Bn | 2.59 Bn | 35.25% |
| 3 | Enterprise Products Partners | 79.97 Bn | 78.33 Bn | - | 11.09% |
| 4 | Kinder Morgan | 68.25 Bn | 67.10 Bn | 2.97 Bn | 25.60% |
| 5 | Tc Energy | 65.66 Bn | 62.42 Bn | - | - |
| 6 | Energy Transfer | 65.65 Bn | 61.48 Bn | 6.57 Bn | 7.50% |
| 7 | Cheniere Energy | 59.17 Bn | 53.31 Bn | 2.97 Bn | 31.02% |
| 8 | Targa Resources | 58.63 Bn | 58.09 Bn | 2.02 Bn | 19.58% |
| 9 | Mplx | 57.30 Bn | 51.33 Bn | 3.19 Bn | 40.94% |
| 10 | Oneok | 54.56 Bn | 53.96 Bn | 2.84 Bn | 12.59% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 61.26% |
| Mar 31, 2026 | 64.34% |
| Dec 31, 2025 | 61.37% |
| Sep 30, 2025 | 60.21% |
| Jun 30, 2025 | 59.99% |
| Mar 31, 2025 | 63.18% |
| Dec 31, 2024 | 56.05% |
| Dec 31, 2021 | 95.42% |
| Jun 30, 2016 | 86.15% |
| Mar 31, 2016 | 44.75% |
| Sep 30, 2010 | 32.17% |
| Jun 30, 2010 | 31.31% |
| Mar 31, 2010 | 31.15% |
| Dec 31, 2009 | 155.09% |
| Sep 30, 2009 | 29.52% |
| Jun 30, 2009 | 33.52% |
| Mar 31, 2009 | 35.43% |
API Access
Tc Energy Operating 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=operating-margin&ticker=TRP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=TRP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();