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TRP Stock Chart & Stats
C$85.58
-C$3.12(-3.13%)
At close: 4:00 PM EDT
C$85.58
-C$3.12(-3.13%)
Day’s Range― - ―
52-Week RangeC$69.41 - C$100.18
Previous CloseN/A
Volume5.17M
Average Volume (3M)3.21M
Market Cap
C$84.96B
Enterprise ValueC$171.50K
Total Cash (Recent Filing)C$2.07B
Total Debt (Recent Filing)C$63.74B
Price to Earnings (P/E)25.7
Beta0.24
Next Earnings
Nov 11, 2026EPS Estimate
0.84Next Dividend Ex-DateN/A
Dividend Yield4.04%
Share Statistics
EPS (TTM)3.33
Shares Outstanding1,000,000,000
10 Day Avg. Volume4,379,920
30 Day Avg. Volume3,206,006
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$102.34Price Target Upside19.59% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering15
EPS Forecast (FY)3.74
Revenue Forecast (FY)C$15.93B
Bulls Say, Bears Say
Bulls Say
Contracted And Regulated Infrastructure ModelFee-based transportation and regulated tariff structures provide recurring revenue that is less exposed to commodity-price swings than upstream businesses. Long-term customer commitments and essential pipeline connectivity can support cash-flow resilience and visibility over the next several quarters.
Strong Profitability And Improved Cash GenerationHigh margins demonstrate the earnings power of TC Energy’s infrastructure base, while the sharp improvement in free cash flow strengthens internal funding capacity. Together, profitability and operating cash generation support maintenance, debt management and selected growth investment.
Execution And Growth PipelineRecent project delivery, stronger EBITDA and a large development backlog indicate commercial momentum beyond a single quarter. Exposure to rising North American gas and power demand could expand the regulated and contracted asset base, supporting multi-year earnings growth.
Bears Say
Elevated LeverageLeverage increases sensitivity to financing costs and reduces flexibility to fund new infrastructure internally. It may also require disciplined capital allocation or external funding when investment needs rise, constraining the company’s ability to respond quickly to opportunities or setbacks.
Volatile Earnings And Cash ConversionAlthough current profitability is strong, the wide historical margin range shows that reported earnings can fluctuate materially. Moderate free-cash-flow conversion also means accounting profits do not consistently translate into deployable cash, complicating debt reduction and long-term planning.
Backlog Timing, Funding And Regulatory UncertaintyA substantial portion of growth depends on projects that may not reach final investment decisions for several years, delaying EBITDA and cash conversion. The anticipated capital ramp could require hybrids, partnerships, equity or other funding, while Canadian regulatory uncertainty may affect returns.
TC Energy News
TRP FAQ
What was TC Energy’s price range in the past 12 months?
TC Energy lowest stock price was C$69.41 and its highest was C$100.18 in the past 12 months.
What is TC Energy’s market cap?
TC Energy’s market cap is C$84.96B.
When is TC Energy’s upcoming earnings report date?
TC Energy’s upcoming earnings report date is Nov 11, 2026 which is in 55 days.
How were TC Energy’s earnings last quarter?
TC Energy 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 overvalued?
According to Wall Street analysts TC Energy’s price is currently Undervalued.
Does TC Energy pay dividends?
TC Energy pays a Quarterly dividend of C$0.877 which represents an annual dividend yield of 4.04%. See more information on TC Energy dividends here
What is TC Energy’s EPS estimate?
TC Energy’s EPS estimate is 0.84.
How many shares outstanding does TC Energy have?
TC Energy has 1,000,000,000 shares outstanding.
What happened to TC Energy’s price movement after its last earnings report?
TC Energy 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?
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
Neutral
1
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10
Analyst Consensus
Strong Buy
Average Price Target:
C$102.34 (19.59% Upside)
C$102.34 (19.59% Upside)
Blogger Sentiment
Bullish
TSE:TRP Sentiment 78%
Sector Average 60%
Sector Average 60%
Crowd Wisdom
Positive
Last 7 Days ▲ 0.7%
Last 30 Days ▲ 2.4%
Last 30 Days ▲ 2.4%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
22.48%
12-Months-Change
Fundamentals
Return on Equity
4.04%
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.
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$102.34
▲(19.59% Upside)