Symbols / TRP Stock $62.02 +1.89% TC Energy Corporation

Energy • Oil & Gas Midstream • Canada • NYQ
TRP (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Energy
Industry Oil & Gas Midstream
CEO Mr. Francois Lionel Poirier
Exch · Country NYQ · Canada
Market Cap 64.61B
Enterprise Value 134.32B
Income 3.61B
Sales 15.24B
FCF (ttm) -1.84B
Book/sh 17.30
Cash/sh 0.58
Employees 6,574
Insider 10d —
IPO Sep 20, 1982
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 97.98%
P/E 24.42
Forward P/E 21.99
PEG 3.37
P/S 4.24
P/B 3.58
P/C —
EV/EBITDA 14.09
EV/Sales 8.81
Quick Ratio 0.49
Current Ratio 0.63
Debt/Eq 165.37
LT Debt/Eq —
EPS (ttm) 2.54
EPS next Y 2.82
EPS Growth 0.50%
Revenue Growth 16.50%
EPS Gr Q/Q 1.60%
Rev Gr Q/Q —
Earnings (next) 2026-05-01
Earnings (prior) 2026-02-13
ROA 3.57%
ROE 11.44%
ROIC —
Gross Margin 69.03%
Oper. Margin 45.44%
Profit Margin 23.09%
Shs Outstand 1.04B
Shs Float 999.01M
Insider Own 0.05%
Instit Own 76.77%
Short Float —
Short Ratio 7.52
Short Interest 40.98M
52W High 65.57
vs 52W High -5.41%
52W Low 46.29
vs 52W Low 33.98%
Beta 0.97
Impl. Vol. 26.70%
Rel Volume 1.02
Avg Volume 2.57M
Volume 2.62M
Target (mean) $60.22
Tgt Median $61.95
Tgt Low $49.85
Tgt High $68.87
# Analysts 3
Recom Buy
Prev Close $60.87
Price $62.02
Change 1.89%
About

TC Energy Corporation operates as an energy infrastructure company in Canada, the United States, and Mexico. It operates through four segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; and Power and Energy Solutions. The company builds and operates a network of 94,171 kilometers of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses. It also has regulated natural gas storage facilities with a total working gas capacity of 532 billion cubic feet. In addition, the company owns or has interests in power generation facilities with approximately 4,650 megawatts; and owns and operates approximately 118 billion cubic feet of non-regulated natural gas storage facilities in Alberta, Ontario, Québec, and New Brunswick. The company was formerly known as TransCanada Corporation and changed its name to TC Energy Corporation in May 2019. TC Energy Corporation was founded in 1951 and is headquartered in Calgary, Canada.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$60.22
Mean price target
2. Current target
$62.02
Latest analyst target
3. DCF / Fair value
$-31.78
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$62.02
Low
$49.85
High
$68.87
Mean
$60.22

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-20 up Goldman Sachs Sell → Neutral $62
2026-02-18 main Goldman Sachs Sell → Sell $53
2026-02-17 main RBC Capital Outperform → Outperform $92
2026-02-17 down CIBC Outperformer → Neutral $85
2025-11-07 main RBC Capital Outperform → Outperform $84
2025-02-18 main RBC Capital Outperform → Outperform $74
2024-11-20 main BMO Capital Market Perform → Market Perform $70
2021-01-21 up Credit Suisse Neutral → Outperform $70
2020-10-15 up Goldman Sachs Neutral → Buy —
2020-06-17 main Citigroup — → Buy $69
2020-05-13 down BMO Capital Outperform → Market Perform $65
2020-04-14 main Wells Fargo — → Overweight $69
2020-04-01 main BMO Capital — → Outperform $65
2020-03-09 up B of A Securities Neutral → Buy —
2018-10-09 init Goldman Sachs — → Neutral —
2018-08-15 main Deutsche Bank Buy → Buy $59
2018-03-28 main Citigroup Buy → Buy $68
2018-03-23 main Morgan Stanley Overweight → Overweight $46
2018-03-22 down Wells Fargo Outperform → Market Perform —
2018-03-16 main Morgan Stanley Overweight → Overweight $50
News
RSS: Latest TRP news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-24 De Lima, Dawn Elizabeth Senior Officer of Issuer — 25,342 $39.07 $990,137
2026-03-24 De Lima, Dawn Elizabeth Senior Officer of Issuer — 25,342 $64.48 $1,633,976
2026-03-24 Romero (Gregory) Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6) — 5,237 $39.07 $204,614
2026-03-24 Romero (Gregory) Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6) — 5,237 $63.83 $334,282
2026-02-25 Frame Zawalykut, Yvonne Senior Officer of Issuer — 2,500 $39.32 $98,307
2026-02-25 Frame Zawalykut, Yvonne Senior Officer of Issuer — 2,500 $63.23 $158,072
2026-02-24 Faraca (Tina Veronica) Senior Officer of Issuer — 15,594 $39.25 $612,080
2026-02-24 Faraca (Tina Veronica) Senior Officer of Issuer — 15,594 $63.16 $984,995
2026-02-18 Ebl (Trevor) Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6) — 4,063 $46.44 $188,685
2026-02-18 Ebl (Trevor) Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6) — 4,063 $61.56 $250,114
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
15,239.00
+10.66%
13,771.00
+3.80%
13,267.00
+7.78%
12,309.00
Operating Revenue
15,239.00
+10.66%
13,771.00
+3.80%
13,267.00
+7.78%
12,309.00
Cost Of Revenue
7,596.00
+6.02%
7,165.00
+8.58%
6,599.00
+1.34%
6,512.00
Reconciled Cost Of Revenue
7,596.00
+6.02%
7,165.00
+8.58%
6,599.00
+1.34%
6,512.00
Gross Profit
7,643.00
+15.70%
6,606.00
-0.93%
6,668.00
+15.03%
5,797.00
Operating Expense
881.00
+7.44%
820.00
+4.99%
781.00
+7.43%
727.00
Other Operating Expenses
—
—
—
—
Total Expenses
8,477.00
+6.16%
7,985.00
+8.20%
7,380.00
+1.95%
7,239.00
Operating Income
6,762.00
+16.87%
5,786.00
-1.72%
5,887.00
+16.11%
5,070.00
EBITDA
11,060.00
-1.40%
11,217.00
+29.56%
8,658.00
+65.20%
5,241.00
Normalized EBITDA
10,903.00
+3.68%
10,516.00
+0.75%
10,438.00
+15.40%
9,045.00
Reconciled Depreciation
2,769.00
-0.68%
2,788.00
+0.36%
2,778.00
+7.51%
2,584.00
EBIT
8,291.00
-1.64%
8,429.00
+43.35%
5,880.00
+121.30%
2,657.00
Total Unusual Items
157.00
-77.60%
701.00
+139.38%
-1,780.00
+53.21%
-3,804.00
Total Unusual Items Excluding Goodwill
157.00
-77.60%
701.00
+139.38%
-1,780.00
+53.21%
-3,804.00
Special Income Charges
0.00
-100.00%
848.00
+140.38%
-2,100.00
+41.97%
-3,619.00
Other Special Charges
—
-228.00
—
—
Impairment Of Capital Assets
—
0.00
+100.00%
-4.00
-100.70%
571.00
Write Off
0.00
0.00
-100.00%
2,100.00
-31.10%
3,048.00
Net Income
3,519.00
-25.10%
4,698.00
+60.78%
2,922.00
+290.64%
748.00
Pretax Income
5,444.00
-7.82%
5,906.00
+79.08%
3,298.00
+595.78%
474.00
Net Non Operating Interest Income Expense
-2,749.00
-28.52%
-2,139.00
-0.94%
-2,119.00
-18.31%
-1,791.00
Interest Expense Non Operating
2,847.00
+12.84%
2,523.00
-2.29%
2,582.00
+18.28%
2,183.00
Net Interest Income
-2,749.00
-28.52%
-2,139.00
-0.94%
-2,119.00
-18.31%
-1,791.00
Interest Expense
2,847.00
+12.84%
2,523.00
-2.29%
2,582.00
+18.28%
2,183.00
Interest Income Non Operating
205.00
-62.18%
542.00
-4.75%
569.00
+32.94%
428.00
Interest Income
205.00
-62.18%
542.00
-4.75%
569.00
+32.94%
428.00
Other Income Expense
1,431.00
-36.65%
2,259.00
+580.64%
-470.00
+83.24%
-2,805.00
Gain On Sale Of Security
157.00
+206.80%
-147.00
-145.94%
320.00
+272.97%
-185.00
Tax Provision
1,138.00
+23.43%
922.00
+9.50%
842.00
+161.49%
322.00
Tax Rate For Calcs
0.00
+33.90%
0.00
-38.85%
0.00
-2.59%
0.00
Tax Effect Of Unusual Items
32.82
-70.01%
109.43
+124.08%
-454.45
+54.42%
-997.03
Net Income Including Noncontrolling Interests
4,094.00
-23.89%
5,379.00
+75.33%
3,068.00
+290.83%
785.00
Net Income From Continuing Operation Net Minority Interest
3,731.00
-13.29%
4,303.00
+86.28%
2,310.00
+1908.70%
115.00
Net Income From Continuing And Discontinued Operation
3,519.00
-25.10%
4,698.00
+60.78%
2,922.00
+290.64%
748.00
Net Income Continuous Operations
4,306.00
-13.60%
4,984.00
+102.93%
2,456.00
+1515.79%
152.00
Net Income Discontinuous Operations
-212.00
-153.67%
395.00
-35.46%
612.00
-3.32%
633.00
Minority Interests
-575.00
+15.57%
-681.00
-366.44%
-146.00
-294.59%
-37.00
Normalized Income
3,606.82
-2.82%
3,711.43
+2.09%
3,635.55
+24.42%
2,921.97
Net Income Common Stockholders
3,400.00
-25.99%
4,594.00
+62.39%
2,829.00
+341.34%
641.00
Diluted EPS
3.27
-26.19%
4.43
+61.09%
2.75
+329.69%
0.64
Basic EPS
3.27
-26.19%
4.43
+61.09%
2.75
+329.69%
0.64
Basic Average Shares
1,040.00
+0.19%
1,038.00
+0.78%
1,030.00
+3.52%
995.00
Diluted Average Shares
1,040.00
+0.19%
1,038.00
+0.78%
1,030.00
+3.41%
996.00
Diluted NI Availto Com Stockholders
3,400.00
-25.99%
4,594.00
+62.39%
2,829.00
+341.34%
641.00
Earnings From Equity Interest
1,274.00
-18.23%
1,558.00
+18.93%
1,310.00
+31.13%
999.00
Gain On Sale Of PPE
0.00
-100.00%
620.00
0.00
0.00
Other Taxes
881.00
+7.44%
820.00
+4.99%
781.00
+7.43%
727.00
Preferred Stock Dividends
119.00
+14.42%
104.00
+11.83%
93.00
-13.08%
107.00
Total Other Finance Cost
107.00
-32.28%
158.00
+49.06%
106.00
+194.44%
36.00
Line Item Trend 2023-12-31
Total Assets
125,034.00
Current Assets
11,372.00
Cash Cash Equivalents And Short Term Investments
3,678.00
Cash And Cash Equivalents
3,678.00
Receivables
2,884.00
Accounts Receivable
2,427.00
Other Receivables
457.00
Loans Receivable
—
Inventory
771.00
Prepaid Assets
87.00
Restricted Cash
28.00
Assets Held For Sale Current
3,077.00
Hedging Assets Current
589.00
Other Current Assets
258.00
Total Non Current Assets
113,662.00
Net PPE
71,948.00
Gross PPE
105,088.00
Accumulated Depreciation
-33,140.00
Construction In Progress
7,903.00
Other Properties
3,172.00
Goodwill And Other Intangible Assets
12,532.00
Goodwill
12,532.00
Investments And Advances
9,240.00
Long Term Equity Investment
9,240.00
Non Current Accounts Receivable
457.00
Non Current Deferred Assets
1,319.00
Non Current Deferred Taxes Assets
1,319.00
Other Non Current Assets
17,493.00
Total Liabilities Net Minority Interest
86,026.00
Current Liabilities
11,817.00
Payables And Accrued Expenses
5,060.00
Payables
4,147.00
Accounts Payable
3,092.00
Other Payable
—
Dividends Payable
979.00
Current Accrued Expenses
913.00
Employee Benefits
97.00
Total Tax Payable
76.00
Income Tax Payable
76.00
Current Debt And Capital Lease Obligation
2,995.00
Current Debt
2,938.00
Other Current Borrowings
2,938.00
Current Capital Lease Obligation
57.00
Current Deferred Liabilities
47.00
Current Deferred Revenue
47.00
Other Current Liabilities
3,715.00
Total Non Current Liabilities Net Minority Interest
74,209.00
Liabilities Heldfor Sale Non Current
1,280.00
Long Term Debt And Capital Lease Obligation
60,663.00
Long Term Debt
60,263.00
Long Term Capital Lease Obligation
400.00
Long Term Provisions
64.00
Defined Pension Benefit
518.00
Non Current Pension And Other Postretirement Benefit Plans
97.00
Non Current Deferred Liabilities
6,972.00
Non Current Deferred Revenue
12.00
Non Current Deferred Taxes Liabilities
6,972.00
Other Non Current Liabilities
5,027.00
Preferred Securities Outside Stock Equity
—
Stockholders Equity
29,553.00
Common Stock Equity
27,054.00
Capital Stock
32,501.00
Common Stock
30,002.00
Preferred Stock
2,499.00
Share Issued
1,037.49
Ordinary Shares Number
1,037.49
Treasury Shares Number
0.00
Additional Paid In Capital
0.00
Retained Earnings
-2,997.00
Gains Losses Not Affecting Retained Earnings
49.00
Minority Interest
9,455.00
Other Equity Adjustments
49.00
Total Equity Gross Minority Interest
39,008.00
Total Capitalization
89,816.00
Working Capital
-445.00
Invested Capital
90,255.00
Total Debt
63,658.00
Net Debt
59,523.00
Capital Lease Obligations
457.00
Net Tangible Assets
17,021.00
Tangible Book Value
14,522.00
Current Notes Payable
0.00
Current Provisions
122.00
Derivative Product Liabilities
106.00
Financial Assets
155.00
Interest Payable
913.00
Non Current Note Receivables
—
Other Inventories
982.00
Preferred Shares Number
102.00
Preferred Stock Equity
2,499.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
7,346.00
-4.55%
7,696.00
+5.89%
7,268.00
+14.01%
6,375.00
Cash Flow From Continuing Operating Activities
7,346.00
-4.55%
7,696.00
+5.89%
7,268.00
+14.01%
6,375.00
Net Income From Continuing Operations
4,094.00
-23.89%
5,379.00
+75.33%
3,068.00
+290.83%
785.00
Depreciation Amortization Depletion
2,769.00
-0.68%
2,788.00
+0.36%
2,778.00
+7.51%
2,584.00
Depreciation And Amortization
2,769.00
-0.68%
2,788.00
+0.36%
2,778.00
+7.51%
2,584.00
Other Non Cash Items
-151.00
+79.70%
-744.00
-100.54%
-371.00
-24.50%
-298.00
Pension And Employee Benefit Expense
3.00
-72.73%
11.00
+164.71%
-17.00
+41.38%
-29.00
Provisionand Write Offof Assets
83.00
+477.27%
-22.00
+73.49%
-83.00
-150.92%
163.00
Asset Impairment Charge
29.00
+38.10%
21.00
-99.00%
2,096.00
-40.13%
3,501.00
Deferred Tax
766.00
+55.38%
493.00
+4381.82%
11.00
-93.68%
174.00
Deferred Income Tax
766.00
+55.38%
493.00
+4381.82%
11.00
-93.68%
174.00
Operating Gains Losses
-1,122.00
+53.88%
-2,433.00
-80.22%
-1,350.00
-27.96%
-1,055.00
Unrealized Gain Loss On Investment Securities
-235.00
-169.12%
340.00
+199.42%
-342.00
-353.33%
135.00
Net Foreign Currency Exchange Gain Loss
149.00
+168.98%
-216.00
-590.91%
44.00
+57.14%
28.00
Change In Working Capital
-503.00
-352.76%
199.00
-3.86%
207.00
+132.39%
-639.00
Change In Receivables
-332.00
-2453.85%
-13.00
+96.70%
-394.00
+31.48%
-575.00
Changes In Account Receivables
-332.00
-2453.85%
-13.00
+96.70%
-394.00
+31.48%
-575.00
Change In Inventory
-55.00
-243.75%
-16.00
+71.43%
-56.00
+70.53%
-190.00
Change In Payables And Accrued Expense
43.00
-86.77%
325.00
+733.33%
39.00
+387.50%
8.00
Change In Accrued Expense
30.00
+175.00%
-40.00
-116.33%
245.00
+169.23%
91.00
Change In Payable
13.00
-96.44%
365.00
+277.18%
-206.00
-148.19%
-83.00
Change In Account Payable
13.00
-96.44%
365.00
+277.18%
-206.00
-148.19%
-83.00
Change In Other Current Assets
-159.00
-63.92%
-97.00
-115.70%
618.00
+423.73%
118.00
Investing Cash Flow
-6,458.00
+6.53%
-6,909.00
+43.77%
-12,287.00
-75.30%
-7,009.00
Cash Flow From Continuing Investing Activities
-6,458.00
+6.53%
-6,909.00
+43.77%
-12,287.00
-75.30%
-7,009.00
Capital Expenditure
-5,286.00
+16.86%
-6,358.00
+21.98%
-8,149.00
-21.14%
-6,727.00
Capital Expenditure Reported
-5,286.00
+16.86%
-6,358.00
+21.98%
-8,149.00
-21.14%
-6,727.00
Net Investment Purchase And Sale
—
—
—
—
Purchase Of Investment
—
—
—
—
Net Business Purchase And Sale
-1,051.00
+77.56%
-4,683.00
-5.09%
-4,456.00
-29.80%
-3,433.00
Purchase Of Business
-1,051.00
+77.56%
-4,683.00
-5.09%
-4,456.00
-29.80%
-3,433.00
Net Other Investing Changes
-126.00
-128.25%
446.00
+51.19%
295.00
-43.16%
519.00
Financing Cash Flow
-1,516.00
+60.87%
-3,874.00
-147.87%
8,093.00
+1561.81%
487.00
Cash Flow From Continuing Financing Activities
-1,516.00
+60.87%
-3,874.00
-147.87%
8,093.00
+1561.81%
487.00
Net Issuance Payments Of Debt
2,829.00
+648.41%
378.00
-93.50%
5,813.00
+97.45%
2,944.00
Issuance Of Debt
8,069.00
-15.54%
9,554.00
-39.85%
15,884.00
+351.76%
3,516.00
Repayment Of Debt
-6,116.00
+35.74%
-9,517.00
-152.31%
-3,772.00
-181.91%
-1,338.00
Long Term Debt Issuance
8,069.00
-15.54%
9,554.00
-39.85%
15,884.00
+351.76%
3,516.00
Long Term Debt Payments
-6,116.00
+35.74%
-9,517.00
-152.31%
-3,772.00
-181.91%
-1,338.00
Net Long Term Debt Issuance
1,953.00
+5178.38%
37.00
-99.69%
12,112.00
+456.11%
2,178.00
Net Short Term Debt Issuance
876.00
+156.89%
341.00
+105.41%
-6,299.00
-922.32%
766.00
Net Common Stock Issuance
104.00
+18.18%
88.00
+2100.00%
4.00
-99.79%
1,905.00
Common Stock Dividend Paid
-3,507.00
+11.28%
-3,953.00
-41.84%
-2,787.00
+12.69%
-3,192.00
Cash Dividends Paid
-3,621.00
+10.64%
-4,052.00
-40.74%
-2,879.00
+12.70%
-3,298.00
Repurchase Of Capital Stock
-250.00
0.00
0.00
+100.00%
-1,000.00
Net Other Financing Charges
-578.00
-100.69%
-288.00
-105.59%
5,155.00
+8154.69%
-64.00
Changes In Cash
-628.00
+79.66%
-3,087.00
-200.42%
3,074.00
+2191.16%
-147.00
Effect Of Exchange Rate Changes
-5.00
-102.38%
210.00
+1412.50%
-16.00
-117.02%
94.00
Beginning Cash Position
801.00
-78.22%
3,678.00
+493.23%
620.00
-7.88%
673.00
End Cash Position
168.00
-79.03%
801.00
-78.22%
3,678.00
+493.23%
620.00
Free Cash Flow
2,060.00
+53.96%
1,338.00
+251.87%
-881.00
-150.28%
-352.00
Change In Interest Payable
30.00
+175.00%
-40.00
-116.33%
245.00
+169.23%
91.00
Common Stock Issuance
104.00
+18.18%
88.00
+2100.00%
4.00
-99.79%
1,905.00
Dividend Received CFO
1,616.00
-3.52%
1,675.00
+33.57%
1,254.00
+22.34%
1,025.00
Dividends Received CFI
5.00
-99.86%
3,686.00
+15926.09%
23.00
-99.13%
2,632.00
Earnings Losses From Equity Investments
-1,274.00
+20.77%
-1,608.00
-16.78%
-1,377.00
-30.65%
-1,054.00
Issuance Of Capital Stock
104.00
+18.18%
88.00
+2100.00%
4.00
-99.79%
1,905.00
Net Preferred Stock Issuance
-250.00
0.00
0.00
+100.00%
-1,000.00
Preferred Stock Dividend Paid
-114.00
-15.15%
-99.00
-7.61%
-92.00
+13.21%
-106.00
Preferred Stock Payments
-250.00
0.00
0.00
+100.00%
-1,000.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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