Tc Energy (TRP) Tax Rate (2009 - 2026)
Tc Energy (TRP) posted Tax Rate of 5.85% for Q2 2026, down 41.75% on a QoQ basis from 10.04% in Q4 2025, and up 413.0% year-over-year from 1.14% in Q2 2025.
Analysis
Tc Energy (TRP) Tax Rate (2009 - 2026) Analysis & Trends
Tc Energy has reported Tax Rate for 18 years, with the latest figure at 5.85% in Q2 2026.
- On a quarterly basis, Tax Rate rose 413.0% year-over-year to 5.85% in Q2 2026; TTM through Jun 2026 was 6.8%, a 118.0% decrease from a year earlier, with the FY2025 full-year figure at 20.9%, up 529.0% from the prior year.
- Tax Rate was 5.85% for Q2 2026 at Tc Energy, down from 10.04% in the prior quarter.
- The five-year high for Tax Rate was 50.41% in Q4 2023, with the low at 248.72% in Q3 2023.
- Average Tax Rate over 5 years is 2.54%, with a median of 8.71% recorded in 2022.
- The sharpest annual moves came in 2023 and 2024: Tax Rate tumbled 25981 bps in 2023, then surged 25997 bps in 2024.
- Over 5 years, Tax Rate stood at 4.51% in 2022, then soared by 1018 bps to 50.41% in 2023, then sank by 77 bps to 11.71% in 2024, then decreased by 14 bps to 10.04% in 2025, then sank by 42 bps to 5.85% in 2026.
- The last three Tax Rate figures came in at 5.85% (Q2 2026), 10.04% (Q4 2025), and 9.73% (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 23.33% |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | 0.64% |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 7.12% |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | 5.85% |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 22.61% |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 0.18% |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 23.62% |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 21.97% |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | 21.47% |
| 10 | Gas Transporter Of The South | 21.92 Bn | -3,019.13 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.85% |
| Dec 31, 2025 | 10.04% |
| Sep 30, 2025 | 9.73% |
| Jun 30, 2025 | 1.72% |
| Mar 31, 2025 | 5.65% |
| Dec 31, 2024 | 11.71% |
| Sep 30, 2024 | 11.26% |
| Jun 30, 2024 | 4.75% |
| Mar 31, 2024 | 4.07% |
| Dec 31, 2023 | 50.41% |
| Sep 30, 2023 | -248.72% |
| Jun 30, 2023 | 21.42% |
| Mar 31, 2023 | 6.64% |
| Dec 31, 2022 | 4.51% |
| Sep 30, 2022 | 11.09% |
| Jun 30, 2022 | 8.71% |
| Mar 31, 2022 | 38.04% |
| Dec 31, 2021 | -7.94% |
| Sep 30, 2021 | 15.95% |
| Jun 30, 2021 | 4.97% |