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TRP Stock Chart & Stats
C$99.59
-C$3.12(-3.13%)
At close: 4:00 PM EDT
C$99.59
-C$3.12(-3.13%)
Day’s Range― - ―
52-Week RangeC$65.74 - C$100.18
Previous CloseN/A
Volume5.17M
Average Volume (3M)4.46M
Market Cap
C$94.40B
Enterprise ValueC$171.50K
Total Cash (Recent Filing)C$2.07B
Total Debt (Recent Filing)C$63.74B
Price to Earnings (P/E)28.3
Beta0.24
Next Earnings
Nov 11, 2026EPS Estimate
0.84Next Dividend Ex-DateN/A
Dividend Yield3.66%
Share Statistics
EPS (TTM)3.33
Shares Outstanding1,000,000,000
10 Day Avg. Volume2,886,814
30 Day Avg. Volume4,459,780
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
C$102.65Price Target Upside3.07% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering12
EPS Forecast (FY)3.72
Revenue Forecast (FY)C$15.96B
Bulls Say, Bears Say
Bulls Say
Contracted And Regulated Revenue BaseTC Energy's core cash generation is grounded in long-term firm transportation contracts and regulated cost-of-service arrangements. That structural revenue mix provides durable, predictable fee income and regulated returns that stabilize cash flows across commodity cycles, supporting capex, dividends and project financing over multi-year horizons.
Improved Cash GenerationOperating cash flow strength and a material rebound in free cash flow create internal funding capacity for growth and debt servicing. Sustained OCF near TTM levels can support sanctioned projects, reduce reliance on external capital for near-term needs, and provide a buffer during multi-year build periods.
Large Backlog And Proven Project ExecutionA >$20B origination backlog combined with recent on-time, on/under-budget asset placements and ~$3B sanctioned YTD shows both substantial demand and execution capability. This backlog underpins medium-term volume and fee growth if FIDs proceed, giving a multi-year runway for EBITDA expansion and returns on invested capital.
Bears Say
Elevated LeverageMeaningful leverage increases interest-rate sensitivity and limits flexibility to fund a large late-decade investment ramp without resorting to hybrids, partnerships or equity. Persistent elevated debt ratios constrain optionality for opportunistic growth and raise refinancing risk if market conditions tighten.
Earnings And FCF VolatilityWide swings in reported margins and FCF historically reduce predictability of cash available for reinvestment and distributions. Structural volatility—driven by non-recurring items, timing of project recognition and variable throughput—complicates multi-year planning and may increase reliance on capital markets during downturns.
Timing And Funding Risk For Large Capital RampManagement flags a material late‑decade investment pace tied to backlog conversion and Bruce outcomes. The need to decide timing/structure of financing creates execution risk: delayed FIDs, higher financing costs or regulatory outcomes could push returns lower and require dilutive or costly funding solutions.
TC Energy News
TRP FAQ
What was Tc Energy Corporation’s price range in the past 12 months?
Tc Energy Corporation lowest stock price was C$65.74 and its highest was C$100.18 in the past 12 months.
What is Tc Energy Corporation’s market cap?
Tc Energy Corporation’s market cap is C$94.40B.
When is Tc Energy Corporation’s upcoming earnings report date?
Tc Energy Corporation’s upcoming earnings report date is Nov 11, 2026 which is in 99 days.
How were Tc Energy Corporation’s earnings last quarter?
Tc Energy Corporation released its earnings results on Jul 30, 2026. The company reported C$0.94 earnings per share for the quarter, beating the consensus estimate of C$0.845 by C$0.095.
Is Tc Energy Corporation overvalued?
According to Wall Street analysts Tc Energy Corporation’s price is currently Undervalued.
Does Tc Energy Corporation pay dividends?
Tc Energy Corporation pays a Quarterly dividend of C$0.877 which represents an annual dividend yield of 3.66%. See more information on Tc Energy Corporation dividends here
What is Tc Energy Corporation’s EPS estimate?
Tc Energy Corporation’s EPS estimate is 0.84.
How many shares outstanding does Tc Energy Corporation have?
Tc Energy Corporation has 1,000,000,000 shares outstanding.
What happened to Tc Energy Corporation’s price movement after its last earnings report?
Tc Energy Corporation reported an EPS of C$0.94 in its last earnings report, beating expectations of C$0.845. Following the earnings report the stock price went up 0.74%.
Which hedge fund is a major shareholder of Tc Energy Corporation?
Currently, no hedge funds are holding shares in TSE:TRP
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
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
C$102.65 (3.07% Upside)
C$102.65 (3.07% Upside)
Blogger Sentiment
Bullish
TSE:TRP Sentiment 71%
Sector Average 62%
Sector Average 62%
Crowd Wisdom
Very Positive
Last 7 Days >0.1%
Last 30 Days ▲ 5.0%
Last 30 Days ▲ 5.0%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
50.82%
12-Months-Change
Fundamentals
Return on Equity
3.66%
Trailing 12-Months
Asset Growth
3.37%
Trailing 12-Months
Company Description
Tc Energy Corporation
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.
TRP Company Deck
TRP 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 TSE:TRP earnings summariesTRP Stock 12 Month Forecast
Average Price Target
C$102.65
▲(3.07% Upside)