TC Energy/$TRP
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
About TC Energy
TC Energy operates natural gas transmission assets across North America. Segments are determined by country of operation, but both Canadian and US operations are interconnected. Mexican operations are disconnected from the US and only have one customer, the state utility CFE. They also operate power generation assets, with the largest being the Bruce Power nuclear plant.
- Ticker
- $TRP
- Sector
- Energy
- Primary listing
- NYSE
- Employees
- 6,574
- Headquarters
- Calgary, Canada
- Website
- www.tcenergy.com
TC Energy Metrics
BasicAdvanced
$67B
27.03
$2.39
0.98
$2.49
3.84%
Price and volume
Market cap
$67B
Beta
0.98
52-week high
$71.47
52-week low
$49.27
Average daily volume
3M
Dividend rate
$2.49
Financial strength
Current ratio
0.61
Quick ratio
0.409
Long term debt to equity
1.543
Total debt to equity
1.704
Dividend payout ratio (TTM)
102.36%
Interest coverage (TTM)
2.07%
Profitability
EBITDA (TTM)
7,115.092
Gross margin (TTM)
69.53%
Net profit margin (TTM)
22.91%
Operating margin (TTM)
45.01%
Effective tax rate (TTM)
19.45%
Revenue per employee (TTM)
$1,710,420
Management effectiveness
Return on assets (TTM)
3.67%
Return on equity (TTM)
11.83%
Valuation
Price to earnings (TTM)
27.03
Price to revenue (TTM)
5.98
Price to book
3.68
Price to tangible book (TTM)
7.81
Price to free cash flow (TTM)
23.776
Free cash flow yield (TTM)
4.21%
Free cash flow per share (TTM)
2.713
Dividend yield (TTM)
3.86%
Forward dividend yield
3.84%
Growth
Revenue change (TTM)
9.70%
Earnings per share change (TTM)
-18.23%
3-year revenue growth (CAGR)
0.20%
10-year revenue growth (CAGR)
3.57%
3-year earnings per share growth (CAGR)
52.50%
10-year earnings per share growth (CAGR)
5.04%
3-year dividend per share growth (CAGR)
-1.90%
10-year dividend per share growth (CAGR)
4.76%
What the Analysts think about TC Energy
Analyst ratings (Buy, Hold, Sell) for TC Energy stock.
Analyst projections of the future price of TC Energy stock.
Bulls say / Bears say
Second-quarter comparable earnings rose to C$0.94 per share from C$0.82 a year earlier, and TC Energy expects 2026 EBITDA to reach the upper end of its C$11.6–C$11.8 billion outlook. That points to improving operating performance and a stronger near-term earnings trajectory. (TC Energy)
Rising demand from power generation and data centres is creating opportunities to expand TC Energy’s existing pipeline network. Its latest US projects are backed by 20-year take-or-pay contracts, while the company has raised its forecast for North American gas-demand growth through 2035. (Reuters)
Coastal GasLink Phase 2 is proceeding after LNG Canada’s expansion received a final investment decision, which supports a major growth opportunity for TC Energy’s pipeline network. LNG Canada will lead construction, and the commercial structure limits TC Energy’s exposure to construction cost and schedule risks. (Reuters)
The company plans C$5.5–C$6.0 billion of net capital spending in 2026 and reported a C$4.9 billion working-capital deficit at June. Its filing says funding the programme relies partly on capital-market access, so financing conditions and debt management remain important risks. (SEC)
An Alberta government report described TC Energy’s proposed NGTL expansions as misaligned with the province’s demand projections and raised concerns about the company’s dominant position and limited access to gas in some growth areas. That could bring further regulatory or legal friction to a key growth market. (CBC News)
Coastal GasLink Phase 2 is not expected to enter service until the early 2030s, with construction due to begin in 2027. The long lead time leaves the expected capacity and returns exposed to delivery delays and changes in market conditions before the expansion earns revenue. (Reuters)
Data summarised monthly by Lightyear AI. Last updated on 1 Nov 2026.
TC Energy Financial Performance
Revenues and expenses
TC Energy Earnings Performance
Company profitability
Upcoming events
No upcoming events
TC Energy News
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Funds containing TC Energy
AllUSDEURGBP
Fund name | Fund size | $TRP weighting |
|---|---|---|
iShares MSCI Canada€SXR2 | $2.4B | 2.13% |
iShares MSCI Canada£CSCA | $2.4B | 2.13% |
iShares Global Infrastructure€INFR | $2.5B | 2.02% |
SPDR MSCI World Energy£ENGW | $575M | 1.66% |
SPDR MSCI World Energy$WNRG | $575M | 1.66% |
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