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TC Energy CorporationTSX:TRP Stock Report

Market Cap CA$78.7b
Share Price
CA$75.70
My Fair Value
n/a
1Y11.4%
7D-1.5%
Portfolio Value
​
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TC Energy Corporation

TSX:TRP Stock Report

Market Cap: CA$78.7b

TC Energy (TRP) Stock Overview

Operates as an energy infrastructure company in North America. More details

TRP fundamental analysis
Snowflake Score
Valuation1/6
Future Growth2/6
Past Performance2/6
Financial Health0/6
Dividends2/6

Rewards

Earnings are forecast to grow 5.49% per year

Risk Analysis

Interest payments are not well covered by earnings

Dividend of 4.49% is not well covered by earnings or free cash flows


TRP Community Fair Values

Create Narrative

See what 80 others think this stock is worth. Follow their fair value or set your own to get alerts.

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TC Energy

TRP: Share Performance Will Reflect Rising Margins Amid Cautious Sector Outlook

Key Takeaways Investor optimism may be misplaced due to underestimated risks from energy transition trends, stricter climate policies, and declining long-term demand for fossil fuels. Ongoing capital needs, regulatory challenges, and potential contract instability could threaten project economics, asset utilization, and overall financial stability.
View narrative
CA$76.68
FV
1.3% undervalued intrinsic discount
5.69%
Revenue growth p.a.
0users have liked this narrative
1users have commented on this narrative
55users have followed this narrative
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TC Energy Corporation Competitors

Price History & Performance

Summary of share price highs, lows and changes for TC Energy
Historical stock prices
Current Share PriceCA$75.70
52 Week HighCA$77.73
52 Week LowCA$62.17
Beta0.94
1 Month Change7.10%
3 Month Change6.57%
1 Year Change11.44%
3 Year Change27.01%
5 Year Change30.18%
Change since IPO163.30%

Recent News & Updates

Recent updates

TC Energy Corporation's (TSE:TRP) Share Price Not Quite Adding Up

Sep 17
TC Energy Corporation's (TSE:TRP) Share Price Not Quite Adding Up

Here's Why TC Energy (TSE:TRP) Has A Meaningful Debt Burden

Aug 03
Here's Why TC Energy (TSE:TRP) Has A Meaningful Debt Burden

Here's Why We Think TC Energy (TSE:TRP) Might Deserve Your Attention Today

Jul 15
Here's Why We Think TC Energy (TSE:TRP) Might Deserve Your Attention Today

TC Energy's (TSE:TRP) Earnings Are Weaker Than They Seem

May 08
TC Energy's (TSE:TRP) Earnings Are Weaker Than They Seem

It's Unlikely That TC Energy Corporation's (TSE:TRP) CEO Will See A Huge Pay Rise This Year

May 01
It's Unlikely That TC Energy Corporation's (TSE:TRP) CEO Will See A Huge Pay Rise This Year

Does TC Energy (TSE:TRP) Have A Healthy Balance Sheet?

Apr 26
Does TC Energy (TSE:TRP) Have A Healthy Balance Sheet?

Here's Why We Think TC Energy (TSE:TRP) Might Deserve Your Attention Today

Mar 24
Here's Why We Think TC Energy (TSE:TRP) Might Deserve Your Attention Today

TC Energy Corporation (TSE:TRP) Investors Are Less Pessimistic Than Expected

Jan 29
TC Energy Corporation (TSE:TRP) Investors Are Less Pessimistic Than Expected
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Analysts Project Shrinking Profits Amid Heavy Capital Spend And Market Skepticism

Upcoming project completions aim to boost revenue through increased capacity and services amid rising natural gas demand.

Shareholder Returns

TRPCA Oil and GasCA Market
7D-1.5%-1.4%1.7%
1Y11.4%12.1%19.3%

Return vs Industry: TRP exceeded the Canadian Oil and Gas industry which returned 10.4% over the past year.

Return vs Market: TRP underperformed the Canadian Market which returned 17.9% over the past year.

Price Volatility

Is TRP's price volatile compared to industry and market?
TRP volatility
TRP Average Weekly Movement2.2%
Oil and Gas Industry Average Movement8.0%
Market Average Movement10.0%
10% most volatile stocks in CA Market20.2%
10% least volatile stocks in CA Market3.2%

Stable Share Price: TRP has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: TRP's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19516,668Francois Poirierwww.tcenergy.com

TC Energy Corporation operates as an energy infrastructure company in North America. It operates through four segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; and Power and Energy Solutions.

TC Energy Corporation Fundamentals Summary

How do TC Energy's earnings and revenue compare to its market cap?
TRP fundamental statistics
Market capCA$78.72b
Earnings (TTM)CA$3.72b
Revenue (TTM)CA$14.65b
21.2x
P/E Ratio
5.4x
P/S Ratio

Is TRP overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TRP income statement (TTM)
RevenueCA$14.65b
Cost of RevenueCA$4.66b
Gross ProfitCA$9.99b
Other ExpensesCA$6.27b
EarningsCA$3.72b

Last Reported Earnings

Sep 30, 2025

Next Earnings Date

n/a

Earnings per share (EPS)3.58
Gross Margin68.19%
Net Profit Margin25.41%
Debt/Equity Ratio163.4%

How did TRP perform over the long term?

See historical performance and comparison

Dividends

4.5%
Current Dividend Yield
94%
Payout Ratio

Does TRP pay a reliable dividends?

See TRP dividend history and benchmarks
When do you need to buy TRP by to receive an upcoming dividend?
TC Energy dividend dates
Ex Dividend DateDec 31 2025
Dividend Pay DateJan 30 2026
Days until Ex dividend35 days
Days until Dividend pay date65 days

Does TRP pay a reliable dividends?

See TRP dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/26 08:38
End of Day Share Price 2025/11/25 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

TC Energy Corporation is covered by 42 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Harshit GuptaAccountability Research Corporation
Nathan HeywoodATB Capital Markets
Christine ChoBarclays