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TC Energy Corporation (TRP.TO)

CAD96.32 +0.12 (+0.12%)
CA TSX Energy Oil & Gas Midstream
Address 450 - 1 Street SW T2P 5H1
Calgary, AB, CA
CEO Francois Lionel Poirier
IPO 1995-01-12
ISIN CA87807B1076

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Also trades on New York Stock Exchange · TRP (USD) Other OTC · TCANF (USD) Other OTC · TNCAF (USD) Toronto Stock Exchange · TRP-PD.TO (CAD) Toronto Stock Exchange · TRP.TO (CAD)
Description

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.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
CAD96.32 +0.12 (+0.12%)
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Volume Profile
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Liquidity & share structure
Average Volume
5M
Beta
0.98
Float Shares
1.04B
Free Float %
99.9%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+1.29% +2.12% +5.50% +5.00% +18.96% +20.20% +34.27% +62.26% +50.54% +75.56% +469.59%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (17 ratings, all time) Hold
Price Targets & DCF
Current price
96.32
Ratings Trend (MoM) 54% Bullish
Rating 2026-05 Change
Strong Buy 6 0
Buy 7 0
Hold 9 0
Sell 0 -1
Strong Sell 2 0
Quality scores
Altman Z-Score
0.92
Distress
Piotroski F-Score
6 / 9
Average
MOAT Score
4 / 10
Developing
Composite Rating
C+
Overall Score
2 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
4 / 5
High
ROA Score
3 / 5
Medium
D/E Score
1 / 5
Low
P/E Score
2 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Oil & Gas Midstream: +6.6%
    +10.4% Q1'26: +16.8% (vs Q1'25)
  • EPS growth Oil & Gas Midstream: +17.6%
    -26.2% Q1'26: -8.5% (vs Q1'25)
  • FCF margin FCF growth · Oil & Gas Midstream: +25.7%
    +11.1% Q1'26: +36.2% (vs Q1'25)
  • EBIT margin Oil & Gas Midstream: +30.0%
    +44.2% Q1'26: +52.1% (vs Q1'25)
  • ROIC Oil & Gas Midstream: +7.6%
    +5.5% Q1'26: +7.4% (vs Q1'25)
  • Share dilution Oil & Gas Midstream: +0.0%
    +0.2% Q1'26: +0.2% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Oil & Gas Midstream: 2.41×
    6.43× Q1'26: 5.28× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.97) × ERP
WACC = 60% × Ke + 40% × Kd (5.6%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 96.32
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2011
actual
Dec 2012
actual
Dec 2013
actual
Dec 2014
actual
Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
11 Rev. Ana.
12 EPS Ana.
Dec 2027
12 Rev. Ana.
12 EPS Ana.
Dec 2028
10 Rev. Ana.
4 EPS Ana.
Dec 2029
5 Rev. Ana.
2 EPS Ana.
Dec 2030
5 Rev. Ana.
2 EPS Ana.
Revenue
7.84B
est: 9.32B (-15.9%)
8.01B
est: 8.10B (-1.2%)
8.80B
est: 9.01B (-2.4%)
10.19B
est: 10.23B (-0.4%)
11.35B
est: 11.37B (-0.1%)
12.55B
est: 12.62B (-0.6%)
13.45B
est: 12.84B (+4.8%)
13.68B
est: 13.27B (+3.1%)
13.26B
est: 13.61B (-2.6%)
13.00B
est: 13.04B (-0.3%)
13.39B
est: 13.82B (-3.1%)
12.31B
est: 14.96B (-17.7%)
13.27B
est: 16.50B (-19.6%)
13.77B
est: 16.06B (-14.2%)
15.20B
est: 15.13B (+0.4%)
15.95B
15.25B – 16.41B
+5.4% YoY
16.61B
15.84B – 18.02B
+4.1% YoY
17.30B
17.24B – 17.35B
+4.1% YoY
18.19B
17.36B – 19.24B
+5.2% YoY
18.75B
17.89B – 19.82B
+3.1% YoY
EBITDA
4.54B
est: 4.06B (+12.0%)
4.28B
est: 2.35B (+82.2%)
5.01B
est: 2.77B (+80.8%)
5.44B
est: 3.97B (+37.0%)
1.70B
est: 4.23B (-59.8%)
4.14B
est: -376.27M (+1,201.3%)
6.86B
est: 1.37B (+401.5%)
8.07B
est: 5.08B (+58.7%)
9.45B
est: 5.27B (+79.4%)
9.53B
est: 6.32B (+50.8%)
6.70B
est: 6.76B (-0.9%)
5.24B
est: 6.98B (-25.0%)
8.66B
est: 9.96B (-13.1%)
11.22B
est: 7.80B (+43.8%)
9.49B
est: 9.14B (+3.9%)
9.63B
9.20B – 9.91B
+5.4% YoY
10.03B
9.56B – 10.88B
+4.1% YoY
10.44B
10.41B – 10.47B
+4.1% YoY
10.98B
10.48B – 11.61B
+5.2% YoY
11.32B
10.80B – 11.97B
+3.1% YoY
EBIT
3.22B
est: 4.09B (-21.4%)
2.91B
est: 2.75B (+5.7%)
3.53B
est: 2.87B (+22.8%)
3.83B
est: 3.26B (+17.6%)
-62.00M
est: 3.68B (-101.7%)
2.21B
est: -259.31M (+950.3%)
4.80B
est: 2.60B (+84.6%)
5.72B
est: 3.55B (+61.2%)
6.99B
est: 5.00B (+39.8%)
6.94B
est: 5.57B (+24.6%)
4.18B
est: 5.96B (-29.8%)
2.66B
est: 6.15B (-56.8%)
5.88B
est: 6.69B (-12.1%)
8.43B
est: 6.52B (+29.3%)
6.72B
est: 6.13B (+9.6%)
6.46B
6.18B – 6.65B
+5.4% YoY
6.73B
6.42B – 7.30B
+4.1% YoY
7.01B
6.99B – 7.03B
+4.1% YoY
7.37B
7.03B – 7.79B
+5.2% YoY
7.59B
7.25B – 8.03B
+3.1% YoY
Net Income
1.58B
est: 2.82B (-43.9%)
1.35B
est: 1.35B (+0.2%)
1.79B
est: 1.51B (+18.1%)
1.84B
est: 2.02B (-9.0%)
-1.15B
est: 2.06B (-155.7%)
233.00M
est: -1.26B (+118.4%)
3.16B
est: 237.70M (+1,228.1%)
3.70B
est: 3.32B (+11.4%)
4.14B
est: 3.79B (+9.2%)
4.62B
est: 3.99B (+15.8%)
1.96B
est: 4.26B (-54.1%)
748.00M
est: 957.00M (-21.8%)
2.92B
est: 3.43B (-14.9%)
4.70B
est: 4.25B (+10.6%)
3.52B
est: 3.53B (-0.4%)
4.01B
3.57B – 4.15B
+13.4% YoY
3.99B
3.71B – 4.27B
-0.4% YoY
4.42B
3.96B – 4.89B
+10.9% YoY
4.55B
4.28B – 4.89B
+2.9% YoY
4.97B
4.68B – 5.34B
+9.1% YoY
SGA
941.00M
est: 160.24M (+487.2%)
est: 484.69M (-100.0%)
est: 503.90M (-100.0%)
est: 528.76M (-100.0%)
est: 570.48M (-100.0%)
est: 566.20M (-100.0%)
est: 599.17M (-100.0%)
est: 582.93M (-100.0%)
est: 700.09M (-100.0%)
est: 748.55M (-100.0%)
est: 773.31M (-100.0%)
— – —
— – —
— – —
— – —
— – —
EPS
2.18
est: 2.27 (-4.0%)
1.84
est: 1.96 (-6.1%)
2.42
est: 2.28 (+6.0%)
2.46
est: 2.34 (+5.0%)
-1.75
est: 2.22 (-178.8%)
0.16
est: 2.50 (-93.6%)
3.44
est: 2.75 (+25.1%)
3.92
est: 3.45 (+13.5%)
4.28
est: 3.77 (+13.5%)
4.74
est: 3.69 (+28.4%)
1.87
est: 3.89 (-51.9%)
0.64
est: 3.90 (-83.6%)
2.75
est: 3.31 (-16.9%)
4.43
est: 4.20 (+5.4%)
3.27
est: 3.50 (-6.6%)
3.64
3.43 – 3.99
+4.1% YoY
3.85
3.57 – 4.11
+5.7% YoY
4.05
3.81 – 4.70
+5.1% YoY
4.38
4.12 – 4.70
+8.2% YoY
4.78
4.50 – 5.13
+9.1% YoY
Recent Grade Changes (3M)
Date Firm Previous New Grade Action
2026-05-04 RBC Capital Outperform Outperform Maintain
2026-04-20 Goldman Sachs Sell Neutral Upgrade
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 C+ 2/5 1/5 4/5 3/5 1/5 2/5 1/5
2026-05-08 C+ 2/5 1/5 4/5 4/5 1/5 2/5 1/5
2026-05-07 C+ 2/5 1/5 4/5 4/5 1/5 2/5 1/5
2026-05-06 C+ 2/5 1/5 4/5 4/5 1/5 2/5 1/5
2026-05-05 C+ 2/5 1/5 4/5 4/5 1/5 2/5 1/5
2026-05-04 C+ 2/5 1/5 4/5 4/5 1/5 2/5 1/5
2026-05-01 B- 2/5 1/5 4/5 4/5 1/5 2/5 2/5
2026-04-30 B- 2/5 1/5 4/5 4/5 1/5 2/5 2/5
2026-04-29 B- 2/5 1/5 4/5 4/5 1/5 2/5 2/5
2026-04-28 B- 2/5 1/5 4/5 4/5 1/5 2/5 2/5
2026-04-27 B- 2/5 1/5 4/5 4/5 1/5 2/5 2/5
2026-04-24 B- 2/5 1/5 4/5 4/5 1/5 2/5 2/5
2026-04-23 B- 3/5 1/5 4/5 5/5 1/5 2/5 2/5
2026-04-22 B- 3/5 1/5 4/5 5/5 1/5 2/5 2/5
2026-04-21 B- 3/5 1/5 4/5 5/5 1/5 2/5 2/5
2026-04-20 B- 3/5 1/5 4/5 5/5 1/5 2/5 2/5
2026-04-17 B- 3/5 1/5 4/5 5/5 1/5 2/5 2/5
2026-04-16 B- 3/5 1/5 4/5 5/5 1/5 2/5 2/5
2026-04-15 B- 3/5 1/5 4/5 5/5 1/5 2/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
18.05B
OE per share TTM
17.32
Owner's Yield
19.33%
Maintenance CapEx ratio
244.52%
Maint CapEx / Avg PPE
547.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
1.01M
Shares Outstanding
1.04B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Francois Lionel Poirier Chief Executive Officer, President & Director 4M male
Tina Veronica Faraca Executive Vice President & Chief Operating Officer of Natural Gas Pipelines 3M female
Sean O'Donnell Executive Vice President of Strategy & Corporate Development and Chief Financial Officer 2M male
Anita Dusevic Oliva Executive Vice President & General Counsel 2M female
Gregory D. Grant Executive Vice President and President of Power & Energy Solutions 1M male
Omar Khayum Vice President
Patrick C. Muttart Senior Vice President of External Relations male
Roland Muwanga Vice President of Energy Transition Technologies male
Yvonne Frame-Zawalykut Vice President & Corporate Controller
Carla Morris Director of Central Region Gas Operations for TransCanada
Dawn E. de Lima Executive Vice-President of Corporate Services female
Gavin Wylie Vice-President of Investor Relations male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits