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TRP stock logo

TRP

TC Energy Corporation

$59.78
-0.7
 (-1.16%)
Exchange:  NYSE
Market Cap:  62.231B
Shares Outstanding:  115.63M
Delayed data
Calculate TRP Intrinsic Value
5-year outlook →
Overview
Earnings
Financials
Valuation
Chart

About The Company

Sector:  EnergyView sector performance
Industry:  Oil & Gas MidstreamView industry performance
   
CEO:  Francois Lionel Poirier
Full Time Employees:  6574
Address: 
450 – 1 Street SW
Calgary
AB
T2P 5H1
CA
Website:  https://www.tcenergy.com
TC Energy Corporation (TRP), headquartered in Calgary, Canada, is a significant North American energy infrastructure enterprise, established in 1951. Its extensive operations are strategically divided into five key business units: Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexican Natural Gas Pipelines, Liquids Pipelines, and Power & Storage. The company is responsible for constructing and managing a vast natural gas pipeline network, which stretches for 93,300 kilometers. This critical infrastructure facilitates the movement of natural gas from production basins to a variety of destinations, including local utility providers, electricity generating facilities, industrial sites, interconnected pipelines, liquefied natural gas (LNG) export terminals, and other commercial clients. Additionally, TC Energy operates regulated natural gas storage facilities with a total working gas capacity of 535 billion cubic feet, alongside approximately 118 billion cubic feet of non-regulated natural gas storage capacity located solely within Alberta. Furthermore, TC Energy oversees a liquids pipeline system spanning roughly 4,900 kilometers. This system efficiently transports crude oil from Alberta’s supply regions to major refining centers across Illinois, Oklahoma, Texas, and the U.S. Gulf Coast. Its asset portfolio also includes ownership or interests in seven power generation facilities. These plants, situated in Alberta, Ontario, Québec, and New Brunswick, have a combined output of approximately 4,300 megawatts and are fueled by natural gas and nuclear energy sources. The organization was previously known as TransCanada Corporation until it officially rebranded to TC Energy Corporation in May 2019.

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Revenue Segmentation

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Industry Peers

TICKERCOMPANYMKT CAPP/EFWD P/EROIC
TRTRP logoTRPTC Energy Corporation62.2B25.821.05.1%
TRTRGP logoTRGPTarga Resources Corp.60.6B27.725.014.1%
MPMPLX logoMPLXMPLX Lp60.0B12.813.813.4%
LNLNG logoLNGCheniere Energy, Inc.57.2B19.949.617.6%
OKOKE logoOKEONEOK, Inc.56.8B16.115.88.8%
KMKMI logoKMIKinder Morgan, Inc.69.6B20.423.05.7%

EPS

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Earnings Call

Full text

Earnings transcript

Read the complete earnings call transcript.

AI summary

Key takeaways

Short, structured highlights from the call so you can focus on what matters.

2026/07/30 — Q2 quarter 2026

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Income Statement
Balance Sheet
Cash Flow Statement
Analyst Estimates

Income Statement

Year202320242025
Revenue13,267,00013,771,00015,187,613
Gross Profit6,668,0006,606,0007,597,803
EBITDA8,658,00011,217,00011,598,539
Operating Income5,887,0005,786,0006,717,521
Net Income2,922,0004,698,0003,516,132

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(* All numbers are in thousands)

Balance Sheet

Year202320242025
Total Assets125,034,000118,243,000118,654,226
Total Liabilities86,026,00079,883,00081,785,296
Total Stockholders Equity29,553,00027,592,00027,272,756
Total Debt63,658,00059,877,00060,948,291
Cash and Cash Equivalents3,678,000801,000260,787

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(* All numbers are in thousands)

Cash Flow Statement

Year202320242025
Operating Cash Flow7,268,0007,696,0007,345,009.420
Capital Expenditure-8,149,000-6,358,000-5,265,705.297
Free Cash Flow-881,0001,338,0002,079,304.122
Net Income2,922,0005,379,0003,727,959.481
Net Change in Cash3,058,000-2,877,000-625,007.822

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(* All numbers are in thousands)

Analyst Estimates

Fiscal Year2030Research AccessResearch AccessResearch AccessResearch Access
Estimated Revenue (Low)18,079,056.376Research AccessResearch AccessResearch AccessResearch Access
Estimated Revenue (High)20,007,190.753Research AccessResearch AccessResearch AccessResearch Access
Estimated Revenue (Avg)18,739,431.156Research AccessResearch AccessResearch AccessResearch Access
Estimated Ebitda (Low)16,131,736.004Research AccessResearch AccessResearch AccessResearch Access
Estimated Ebitda (High)17,061,674.447Research AccessResearch AccessResearch AccessResearch Access
Estimated Ebitda (Avg)16,450,237.890Research AccessResearch AccessResearch AccessResearch Access
Estimated Net Income (Low)5,008,286.404Research AccessResearch AccessResearch AccessResearch Access
Estimated Net Income (High)5,710,359.205Research AccessResearch AccessResearch AccessResearch Access
Estimated Net Income (Avg)5,248,744.805Research AccessResearch AccessResearch AccessResearch Access
Estimated SGA Expense (Low)0Research AccessResearch AccessResearch AccessResearch Access
Estimated SGA Expense (High)0Research AccessResearch AccessResearch AccessResearch Access
Estimated SGA Expense (Avg)0Research AccessResearch AccessResearch AccessResearch Access
Estimated EPS (Avg)5.050Research AccessResearch AccessResearch AccessResearch Access
Estimated EPS (High)5.490Research AccessResearch AccessResearch AccessResearch Access
Estimated EPS (Low)4.820Research AccessResearch AccessResearch AccessResearch Access
Number of Analysts (Estimated Revenue)5Research AccessResearch AccessResearch AccessResearch Access
Number of Analysts (Estimated EPS)1Research AccessResearch AccessResearch AccessResearch Access

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(* All numbers are in thousands)

Current Key Metrics

?Revenue
 (TTM)
: 
9.458B  ?P/S
 (TTM)
: 
5.6
?Net Income
 (TTM)
: 
3.265B  ?P/E
 (TTM)
: 
25.83
?Enterprise Value
 (TTM)
: 
151.271B  ?EV/FCF
 (TTM)
: 
37.15
?Dividend Yield
 (TTM)
: 
4.02%  ?Payout Ratio
 (TTM)
: 
102.36%
?ROE
 (TTM)
: 
13.07%  ?ROIC
 (TTM)
: 
5.08%
?Net Debt
 (TTM)
: 
40.963B  ?Debt/Equity
 (TTM)
: 
2.3
?P/B
 (TTM)
: 
3.23  ?Current Ratio
 (TTM)
: 
0.61

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Forward P/E Ratios

?

Forward P/E (Avg EPS estimate) — log in with Research Access for high/low estimates and the interactive table.

Forward P/E 1YResearch AccessResearch AccessResearch AccessResearch Access
21.02Research AccessResearch AccessResearch AccessResearch Access

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SWOT Analysis

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At what price to buy it? -
Intrinsic Value Calculator

Based on current fundamentals and analyst forecasts, MARKETSnap estimates TRP intrinsic value between $18.97 – $71.75 per share. This depends on revenue growth, margins, and discount rate.

This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.

[intrinsic_calculator]

Common questions about TRP valuation

Is TC Energy Corporation (TRP) overvalued or undervalued right now?

MARKETSnap estimates intrinsic value for TC Energy Corporation (TRP) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.

Is TRP a buy, hold, or sell for long-term investors?

MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether TRP trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.

What is TRP’s P/E ratio?

You can see TRP’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.

How is intrinsic value calculated for TRP?

MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.

Is TRP a good long-term investment?

Whether TRP fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.

TRP

1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.

Daily snapshot

-1.16
MARKETSnap

Trading Metrics:

Open: 60.2   Previous Close: 60.48
Day Low: 59.69   Day High: 60.86
Year Low: 49.27   Year High: 71.47
Price Avg 50: 64.55   Price Avg 200: 62.87
Volume: 2.665M   Average Volume: 2.378M

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See in Nexus

Relevant news

TC Energy announces sale of Guadalajara-Manzanillo Pipeline
21-09-2026 19:00
TC Energy announces sale of Guadalajara-Manzanillo Pipeline
TC Energy: Powering AI With Natural Gas And Power
28-08-2026 16:25
TC Energy: Powering AI With Natural Gas And Power
TC Energy Corporation $TRP Shares Acquired by BlackRock Inc.
28-08-2026 04:12
TC Energy Corporation $TRP Shares Acquired by BlackRock Inc.
TC Energy reports strong second quarter 2026 operating and financial results
30-07-2026 06:30
TC Energy reports strong second quarter 2026 operating and financial results
Why TC Energy (TRP) Could Beat Earnings Estimates Again
23-07-2026 13:10
Why TC Energy (TRP) Could Beat Earnings Estimates Again
Why Investors Need to Take Advantage of These 2 Oils and Energy Stocks Now
23-07-2026 09:56
Why Investors Need to Take Advantage of These 2 Oils and Energy Stocks Now

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