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

Tc Energy (TRPPF) recorded quarterly Tax Rate of 10.04% in Q4 2025, up 3.23% quarter-over-quarter from 9.73% in Q3 2025, and down 167.0% on a YoY basis from 14.99% in Q4 2024.

Tc Energy (TRPPF) Tax Rate (2009 - 2025) Analysis & Trends

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

  • In Q4 2025, Tax Rate fell 167.0% year-over-year to 10.04%; the TTM figure through Dec 2025 stood at 6.75% (down 160.0% YoY), while the FY2025 annual figure was 6.74%, down 164.0% from the prior year.
  • Tax Rate was 10.04% for Q4 2025 at Tc Energy, up from 9.73% in the prior quarter.
  • In the past five years, Tax Rate ranged from a high of 50.41% in Q4 2023 to a low of 248.72% in Q3 2023.
  • Historically, Tax Rate has averaged 4.49% across 5 years, with a median of 6.14% in 2023.
  • The sharpest annual moves came in 2023 and 2024: Tax Rate plunged 25981 bps in 2023, then jumped 25997 bps in 2024.
  • A 5-year view of Tax Rate shows it stood at 19.36% in 2021, then soared by 123 bps to 4.51% in 2022, then surged by 1018 bps to 50.41% in 2023, then slumped by 77 bps to 11.71% in 2024, then retreated by 14 bps to 10.04% in 2025.
  • The last three Tax Rate figures came in at 10.04% (Q4 2025), 9.73% (Q3 2025), and 1.72% (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Enbridge 86.76 Bn 87.46 Bn 6.70 Bn 24.82
2 Enterprise Products Partners 79.20 Bn 78.05 Bn - 1.45
3 Kinder Morgan 70.13 Bn 71.21 Bn 3.08 Bn 22.28
4 Energy Transfer 64.49 Bn 63.78 Bn 6.62 Bn 6.40
5 Scorpio Tankers 62.13 Bn 61.15 Bn - -
6 Mplx 57.44 Bn 55.93 Bn 2.54 Bn 0.11
7 Targa Resources 55.59 Bn 55.62 Bn 1.70 Bn 20.27
8 Oneok 53.63 Bn 53.50 Bn 2.57 Bn 24.00
9 Tc Energy 50.49 Bn 51.68 Bn 2.95 Bn 10.04
10 Tc Energy - - 2.95 Bn 10.04

Historic Data

Download Data
DateValue
Dec 31, 2025 10.04%
Dec 31, 2025 10.04%
Sep 30, 2025 9.73%
Sep 30, 2025 9.73%
Jun 30, 2025 1.72%
Jun 30, 2025 1.72%
Mar 31, 2025 5.65%
Mar 31, 2025 5.65%
Dec 31, 2024 11.71%
Dec 31, 2024 11.71%
Sep 30, 2024 11.26%
Sep 30, 2024 11.26%
Jun 30, 2024 4.75%
Jun 30, 2024 4.75%
Mar 31, 2024 4.07%
Mar 31, 2024 4.07%
Dec 31, 2023 50.41%
Dec 31, 2023 50.41%
Sep 30, 2023 -248.72%
Sep 30, 2023 -248.72%