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Side-by-side financial comparison of ENTERPRISE PRODUCTS PARTNERS L.P. (EPD) and TC ENERGY CORP (TRP). Click either name above to swap in a different company.

Enterprise Products Partners L.P. is an American midstream natural gas and crude oil pipeline company with headquarters in Houston, Texas. It acquired GulfTerra in September 2004. The company ranked No. 105 in the 2018 Fortune 500 list of the largest United States corporations by total revenue. Dan Duncan was the majority owner until his death in 2010.

TC Energy Corporation is a North American energy company, headquartered in Calgary, Alberta. The company builds and operates energy infrastructure across Canada, the United States, and Mexico, with core business segments in Natural Gas Pipelines, Power Generation and Energy Storage.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
EPD
EPD
TRP
TRP
Q4 25
$13.8B
Q3 25
$12.0B
Q2 25
$11.4B
Q1 25
$15.4B
Q4 24
$14.2B
Q3 24
$13.8B
Q2 24
$13.5B
Q1 24
$14.8B
Net Profit
EPD
EPD
TRP
TRP
Q4 25
$1.6B
Q3 25
$1.3B
Q2 25
$1.4B
Q1 25
$1.4B
Q4 24
$1.6B
Q3 24
$1.4B
Q2 24
$1.4B
Q1 24
$1.5B
Gross Margin
EPD
EPD
TRP
TRP
Q4 25
27.0%
Q3 25
28.6%
Q2 25
30.5%
Q1 25
22.1%
Q4 24
25.3%
Q3 24
24.6%
Q2 24
24.5%
Q1 24
22.7%
Operating Margin
EPD
EPD
TRP
TRP
Q4 25
14.7%
Q3 25
14.0%
Q2 25
15.8%
Q1 25
11.4%
Q4 24
13.9%
Q3 24
12.9%
Q2 24
13.1%
Q1 24
12.3%
Net Margin
EPD
EPD
TRP
TRP
Q4 25
11.9%
Q3 25
11.1%
Q2 25
12.6%
Q1 25
9.0%
Q4 24
11.4%
Q3 24
10.3%
Q2 24
10.4%
Q1 24
9.9%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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