TRP

NYSE · Energy

Tc Energy Corp

Q: What does Tc Energy Corp do?

TC Energy earns most of its revenue from long-term, regulated contracts to transport natural gas through roughly 93,000 kilometers of pipeline across North America — meaning it gets paid for capacity regardless of commodity prices. The business functions more like a toll road than an energy producer. Beyond pipelines, it operates natural gas storage facilities and power generation assets including nuclear and pumped hydro in Ontario, creating a diversified infrastructure portfolio underpinned by utility-like cash flows.

Q: Is TRP stock a good investment?

TC Energy appeals to investors seeking stable, dividend-backed income from regulated infrastructure assets. Its contracts provide long-duration visibility into cash flows, which supports a high payout. The main risk areas include a heavy debt load taken on during major pipeline construction projects, regulatory approvals for expansions, and the long-term question of natural gas demand as energy transitions unfold. Leverage remains elevated compared to some peers, which is worth monitoring.

Q: Who are Tc Energy Corp's main competitors?

In North American natural gas transmission, Enbridge is the most direct competitor, with overlapping assets and a similarly regulated business model. Williams Companies and Kinder Morgan dominate competing U.S. pipeline systems serving similar gas markets. In the Canadian midstream space, Pembina Pipeline also competes for gathering and processing business that TC Energy pursues.

Q: What is TRP's stock price today?

TRP is currently trading at $64.05, down 0.03% in today's session. Over the past 52 weeks, the stock has traded between a low of $62.17 and a high of $89.68. The current price represents 7% of its 52-week range, which helps investors gauge where the stock sits relative to its recent trading history.

Q: What do Wall Street analysts say about TRP?

Among 25 analysts covering TRP, the consensus rating is Buy — 17 rate it a buy, 6 hold, and 2 sell. The average price target sits at $292.00, implying 356% upside from the current price. Keep in mind that analyst targets reflect 12-month expectations and can shift quickly after earnings reports or major company events.

Q: Is Tc Energy Corp profitable?

Tc Energy Corp generated $20.97B in revenue during fiscal year 2026, with $4.84B reaching the bottom line as net income. The net profit margin of 23.1% is strong by most industry standards.

Q: What is TRP's P/E ratio?

TRP trades at a P/E ratio of 25.91 on trailing earnings of $3.38 per share. That's roughly in line with the broader market average of ~20-25x. Comparing this multiple against Energy sector peers gives better context than the broad market alone, since P/E norms vary significantly across industries.

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$64.05

-0.02 (-0.03%)

Day Range $63.82 — $64.51

52W Range $62.17 — $89.68

Performance

1D —

1W —

1M —

3M +14.68%

6M +19.81%

1Y +32.20%

YTD +14.52%

Open$64.34

Previous Close$64.07

Day High$64.51

Day Low$63.82

52W High$89.68

52W Low$62.17

Volume—

Avg Volume3.82M

Market Cap91.19B

P/E Ratio25.91

EPS$3.38

SectorEnergy

Technical Indicators

Full analysis →

SMA 50 $56.57 Above

SMA 200 $52.27 Above

RSI (14) 65.9 Neutral

Trend Golden Cross Bullish

Analyst Ratings

Buy

25 analysts

17 Buy 6 Hold 2 Sell

Price Target +355.9% upside

Current
$64.05

Target
$292.00

$179.31 $292.00 avg $302.04

Key Financials

	FY 2026	FY 2025	FY 2024
Revenue	20.97B	20.85B	94.05B
Net Income	4.84B	4.33B	7.29B
Profit Margin	23.1%	21.9%	7.8%
EBITDA	13.74B	12.98B	11.66B
Free Cash Flow	—	—	9.24B
Rev Growth	+0.6%	+0.6%	-7.9%
Debt/Equity	2.21	2.21	0.94

Dividend

Dividend Yield4.02%

Annual Dividend$3.48

Payout Ratio102.9%

Frequencyquarterly

Ex-DividendMar 30, 2026

Pay DateApr 13, 2026

About Tc Energy Corp

TC Energy Corporation is a major North American energy infrastructure company headquartered in Calgary, Alberta, Canada. The company develops and operates natural gas pipelines, liquids pipelines, and power generation facilities across Canada, the United States, and Mexico. TC Energy's extensive pipeline network transports a significant portion of North America's natural gas supply and connects key resource basins to major demand markets. The company also operates natural gas storage facilities and power generation assets, providing critical energy infrastructure services throughout the continent.

Energy Peers

Symbol	Name	Price	Change	P/E	Mkt Cap
XOM	Exxon Mobil Corp	$163.26	-1.28%	22.1	637.07B
CVX	Chevron Corporation	$205.15	-0.79%	30.3	372.06B
ENB	Enbridge Inc	$54.48	+0.07%	21.6	161.85B
TTE	Totalenergies Se	$89.26	+0.53%	8.3	168.10B
COP	Conocophillips	$128.93	-0.32%	19.4	155.27B
CNQ	Canadian Natural Resources	$49.18	+0.33%	13.4	144.98B

TRP News

TSX Closed for Holiday, Investors Eye Oil, Gold, and Key CPI Data Ahead of Reopening

Feb 16

Quick Stats

Market Cap91.19B

P/E Ratio25.91

EPS$3.38

Div Yield4.02%

Volume—

SectorEnergy

TRP Frequently Asked Questions

What does Tc Energy Corp do?

TC Energy earns most of its revenue from long-term, regulated contracts to transport natural gas through roughly 93,000 kilometers of pipeline across North America — meaning it gets paid for capacity regardless of commodity prices. The business functions more like a toll road than an energy producer. Beyond pipelines, it operates natural gas storage facilities and power generation assets including nuclear and pumped hydro in Ontario, creating a diversified infrastructure portfolio underpinned by utility-like cash flows.

Is TRP stock a good investment?

TC Energy appeals to investors seeking stable, dividend-backed income from regulated infrastructure assets. Its contracts provide long-duration visibility into cash flows, which supports a high payout. The main risk areas include a heavy debt load taken on during major pipeline construction projects, regulatory approvals for expansions, and the long-term question of natural gas demand as energy transitions unfold. Leverage remains elevated compared to some peers, which is worth monitoring.

Who are Tc Energy Corp's main competitors?

In North American natural gas transmission, Enbridge is the most direct competitor, with overlapping assets and a similarly regulated business model. Williams Companies and Kinder Morgan dominate competing U.S. pipeline systems serving similar gas markets. In the Canadian midstream space, Pembina Pipeline also competes for gathering and processing business that TC Energy pursues.

Does Tc Energy Corp pay dividends?

TC Energy has raised its dividend annually for more than two decades, making it a reliable income name in the Canadian infrastructure sector. The dividend yield typically exceeds 4%, one of the more generous payouts among large-cap North American pipeline operators. The company targets continued dividend growth, though its pace of increases has moderated as it works to balance capital investment programs with debt reduction priorities.

What is TRP's stock price today?

TRP is currently trading at $64.05, down 0.03% in today's session. Over the past 52 weeks, the stock has traded between a low of $62.17 and a high of $89.68. The current price represents 7% of its 52-week range, which helps investors gauge where the stock sits relative to its recent trading history.

What do Wall Street analysts say about TRP?

Among 25 analysts covering TRP, the consensus rating is Buy — 17 rate it a buy, 6 hold, and 2 sell. The average price target sits at $292.00, implying 356% upside from the current price. Keep in mind that analyst targets reflect 12-month expectations and can shift quickly after earnings reports or major company events.

Is Tc Energy Corp profitable?

Tc Energy Corp generated $20.97B in revenue during fiscal year 2026, with $4.84B reaching the bottom line as net income. The net profit margin of 23.1% is strong by most industry standards.

What is TRP's P/E ratio?

TRP trades at a P/E ratio of 25.91 on trailing earnings of $3.38 per share. That's roughly in line with the broader market average of ~20-25x. Comparing this multiple against Energy sector peers gives better context than the broad market alone, since P/E norms vary significantly across industries.

How has TRP stock performed recently?

Performance varies across timeframes, reflecting shifting market conditions. Returns by timeframe: +14.68% (3M), +19.81% (6M), +32.20% (1Y), +14.52% (YTD). Comparing these figures against the S&P 500 and sector benchmarks helps determine whether TRP is outperforming or lagging the broader market.