TRS Stock Chart & Stats
€52.83
€0.25(0.41%)
At close: 4:00 PM EDT
€52.83
€0.25(0.41%)
Day’s Range― - ―
52-Week Range€43.12 - €61.36
Previous CloseN/A
Volume0.00
Average Volume (3M)41.00
Market Cap
€56.02B
Enterprise Value€171.50B
Total Cash (Recent Filing)€2.07B
Total Debt (Recent Filing)€63.74B
Price to Earnings (P/E)25.7
Beta-0.10
Next Earnings
Nov 11, 2026EPS Estimate
0.53Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)3.33
Shares Outstanding1,041,939,100
10 Day Avg. Volume0
30 Day Avg. Volume41
Financial Highlights & Ratios
PEG Ratio-0.88
Price to Book (P/B)2.88
Price to Sales (P/S)5.17
P/FCF Ratio37.77
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€64.27Price Target Upside21.65% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering15
EPS Forecast (FY)2.35
Revenue Forecast (FY)€10.00B
Bulls Say, Bears Say
Bulls Say
Contracted, Regulated Revenue ModelFee-based transportation under long-term contracts and regulated tariffs can make revenue more predictable than commodity-linked models. Reservation, take-or-pay and cost-of-service mechanisms support recurring cash generation and reduce direct exposure to gas and oil prices over the planning horizon.
Strong Profitability And Cash GenerationHigh gross margins of roughly 47%–51% and a TTM net margin near 22% indicate substantial earnings power across a large infrastructure base. TTM operating cash flow of about $8.6B and free cash flow of about $4.1B provide resources for investment, debt service and distributions.
Project Execution And Growth PipelineManagement's execution is translating demand into assets and future growth: $2B was placed in service in H1 2026, about $3B was sanctioned YTD, and the backlog exceeds $20B. Rising gas-demand expectations and power-linked projects broaden the opportunity set beyond current operations.
Bears Say
Elevated LeverageDebt at about 2.2x equity in both 2025 and TTM leaves less financial flexibility, particularly if rates remain high or investment needs rise. Leverage also means returns on the asset base are partly supported by borrowing, increasing the importance of disciplined capital allocation.
Long-dated Backlog Conversion RiskThe growth backlog is not a near-term earnings solution: much of the more than $20B origination pipeline is weighted beyond 2030, while FID timing remains dynamic. Delayed decisions could defer EBITDA and cash conversion and make the investment plan less predictable.
Canadian Regulatory Return UncertaintyCanadian NGTL and growth returns remain under discussion, with management noting historically lower Canadian returns than U.S. levels. Without improved regulatory and commercial constructs, including possible ancillary or shared-savings mechanisms, some projects may deliver weaker economics or advance more slowly.
TC Energy News
TRS FAQ
What was TC Energy’s price range in the past 12 months?
TC Energy lowest stock price was €43.12 and its highest was €61.36 in the past 12 months.
What is TC Energy’s market cap?
TC Energy’s market cap is €56.02B.
When is TC Energy’s upcoming earnings report date?
TC Energy’s upcoming earnings report date is Nov 11, 2026 which is in 29 days.
How were TC Energy’s earnings last quarter?
TC Energy released its earnings results on Jul 30, 2026. The company reported €0.59 earnings per share for the quarter, beating the consensus estimate of €0.53 by €0.06.
Is TC Energy overvalued?
According to Wall Street analysts TC Energy’s price is currently Undervalued.
Does TC Energy pay dividends?
TC Energy does not currently pay dividends.
What is TC Energy’s EPS estimate?
TC Energy’s EPS estimate is 0.53.
How many shares outstanding does TC Energy have?
TC Energy has 1,041,939,100 shares outstanding.
What happened to TC Energy’s price movement after its last earnings report?
TC Energy reported an EPS of €0.59 in its last earnings report, beating expectations of €0.53. Following the earnings report the stock price went down -2.177%.
Which hedge fund is a major shareholder of TC Energy?
Currently, no hedge funds are holding shares in DE:TRS
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
TC Energy Stock Smart Score
Neutral
1
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10
Analyst Consensus
Strong Buy
Average Price Target:
€64.27 (21.65% Upside)
€64.27 (21.65% Upside)
Blogger Sentiment
Bullish
DE:TRS Sentiment 70%
Sector Average 64%
Sector Average 64%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
19.49%
12-Months-Change
Fundamentals
Return on Equity
13.07%
Trailing 12-Months
Asset Growth
2.01%
Trailing 12-Months
Learn more about TipRanks Smart Score
Company Description
TC Energy
TC Energy Corporation functions as a leading energy infrastructure enterprise across North America. Its comprehensive operations are organized into five primary divisions: Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, and Power and Storage. The company boasts an extensive 93,300 km natural gas pipeline network designed to move natural gas from its source basins to various destinations such as local distribution companies, electricity generation plants, industrial complexes, inter-pipeline connections, and LNG export terminals. This infrastructure is supported by regulated natural gas storage facilities with a total working gas capacity of 535 billion cubic feet, alongside 118 billion cubic feet of non-regulated natural gas storage capacity situated in Alberta. In addition to gas, TC Energy manages a significant 4,900 km liquids pipeline system. This system is vital for transporting crude oil originating from Alberta to key refining markets in Illinois, Oklahoma, Texas, and the U.S. Gulf Coast. Furthermore, the company either owns or holds interests in seven power generation facilities. These plants collectively provide approximately 4,300 megawatts of power, utilizing both natural gas and nuclear fuel sources, and are located in Alberta, Ontario, Québec, and New Brunswick. Originally incorporated in 1951, the company was known as TransCanada Corporation until it adopted the name TC Energy Corporation in May 2019. Its corporate headquarters are located in Calgary, Canada.
TRS Company Deck
TRS Earnings Call
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call emphasized strong operational execution, solid 2Q financial results (12% comparable EBITDA growth), active project sanctioning (~$3B YTD) and a materially expanded origination pipeline (> $20B) supported by rising gas demand forecasts (51 Bcf/day by 2035). Key strengths include Bruce Power outperformance, upward guidance confidence, sustainability progress and secured equipment/contractor strategies. Principal risks highlighted were timing and funding of a large late‑decade investment ramp, dynamic FID timing for the origination backlog, and the need to finalize regulatory/return frameworks in Canada. On balance, the positive operational and commercial momentum significantly outweighs the risks, which management is actively addressing.View all DE:TRS earnings summariesTRS Stock 12 Month Forecast
Average Price Target
€64.27
▲(21.65% Upside)