Tc Energy (TRP) Tax Rate (2009 - 2025)

Tc Energy's Tax Rate history runs 17 years deep, the most recent figure standing at 10.04% for Q4 2025.

• On a quarterly basis, Tax Rate fell 167.0% year-over-year to 10.04% in Q4 2025; TTM through Dec 2025 was 6.75%, a 160.0% decrease from a year earlier, with the FY2025 full-year figure at 6.74%, down 164.0% from the prior year.
• Tax Rate grew to 10.04% in Q4 2025 per TRP's latest filing, from 9.73% in the prior quarter.
• Across five years, Tax Rate topped out at 50.41% in Q4 2023 and bottomed at 248.72% in Q3 2023.
• The 5-year median for Tax Rate is 7.67% (2022), against an average of 2.55%.
• Across the five-year window, Tax Rate plunged 25981 bps in 2023 and soared 25997 bps in 2024, its largest moves.
• Year by year, Tax Rate stood at 7.94% in 2021, then jumped by 157 bps to 4.51% in 2022, then surged by 1018 bps to 50.41% in 2023, then plunged by 77 bps to 11.71% in 2024, then retreated by 14 bps to 10.04% in 2025.
• Per Business Quant, the three latest TRP Tax Rate figures stand at 10.04% (Q4 2025), 9.73% (Q3 2025), and 1.72% (Q2 2025).