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

Tc Energy (TRPRF) posted Tax Rate of 10.04% for Q4 2025, up 3.23% on a QoQ basis from 9.73% in Q3 2025, and down 167.0% year-on-year from 14.99% in Q4 2024.

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

Tc Energy has disclosed Tax Rate across 17 years of filings, most recently posting 10.04% for Q4 2025.

  • Tax Rate for Q4 2025 came in at 10.04%, down 167.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 6.75% (down 160.0% YoY), and the FY2025 annual result was 6.74%, down 164.0% from the prior year.
  • Tax Rate came in at 10.04% for Q4 2025 at Tc Energy, up from 9.73% in the prior quarter.
  • Over the last five years, Tax Rate for TRPRF reached as high as 50.41% in Q4 2023 and fell as low as 248.72% in Q3 2023.
  • Median Tax Rate over the past 5 years was 6.14% (2023), compared with a mean of 4.49%.
  • Year-over-year, Tax Rate tumbled 25981 bps in 2023 and surged 25997 bps in 2024.
  • Over 5 years, Tax Rate 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 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 TRPRF Tax Rate figures stand at 10.04% (Q4 2025), 9.73% (Q3 2025), and 1.72% (Q2 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn 24.82%
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn 22.28%
3 Enterprise Products Partners 79.55 Bn 78.40 Bn - 1.45%
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn 6.40%
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn 20.27%
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn 0.11%
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn 24.00%
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn -
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn 15.08%
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%