TRP Stock Analysis: TC Energy | NYSE
Oil & Gas Midstream | NYSE, USA | Market Cap: 64.121m USD | 12M Return: 22.3% | CA87807B1076 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 175M
EPS Trend: -91.2%
Qual. Beats: 1
Rev. Trend: -17.4%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
TC Energy Corporation is a Calgary-based energy infrastructure company that builds and operates natural gas pipelines and related facilities across Canada, the United States, and Mexico. The company reports through four operating segments: Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, and Power and Energy Solutions.
The companys primary business is operating a long-distance natural gas pipeline network that transports supply from production basins to local distribution utilities, power generators, industrial users, interconnecting pipelines, and LNG export facilities. Its natural gas storage operations span both regulated and non-regulated assets, and it also owns or has interests in power generation facilities.
Founded in 1951 and originally known as TransCanada Corporation, the company rebranded to TC Energy Corporation in May 2019. It trades on the NYSE under the ticker TRP and is classified within the GICS Energy sector, specifically in the Oil & Gas Storage & Transportation sub-industry, reflecting its fee-based, regulated and long-haul asset business model.
- Coastal GasLink in-service drives Canadian segment EBITDA growth
- U.S. LNG export demand boosts pipeline volumes and revenue
- Bruce Power nuclear refurbishment completion lifts power segment margins
| Net Income: 3.60b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA 1.41 > 1.0 |
| NWC/Revenue: -31.50% < 20% (prev -35.95%; Δ 4.45% < -1%) |
| CFO/TA 0.06 > 3% & CFO 7.90b > Net Income 3.60b |
| Net Debt (62.1b) to EBITDA (11.2b): 5.54 < 3 |
| Current Ratio: 0.61 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.04b) vs 12m ago 0.19% < -2% |
| Gross Margin: 51.47% > 18% (prev 49.52%; Δ 1.94% > 0.5%) |
| Asset Turnover: 13.30% > 50% (prev 10.96%; Δ 2.34% > 0%) |
| Interest Coverage Ratio: 2.48 > 6 (EBIT TTM 8.33b / Interest Expense TTM 3.36b) |
| A: -0.04 (Total Current Assets 7.90b - Total Current Liabilities 12.9b) / Total Assets 124b |
| B: -0.05 (Retained Earnings -5.88b / Total Assets 124b) |
| C: 0.07 (EBIT TTM 8.33b / Avg Total Assets 120b) |
| D: 0.32 (Book Value of Equity 27.8b / Total Liabilities 86.5b) |
| Altman-Z'' = 0.38 = B |
| DSRI: 0.88 (Receivables 2.81b/2.56b, Revenue 16.0b/12.8b) |
| GMI: 0.96 (GM 49.52% / 51.47%) |
| AQI: 1.25 (AQ_t 0.34 / AQ_t-1 0.27) |
| SGI: 1.25 (Revenue 16.0b / 12.8b) |
| TATA: -0.03 (NI 3.60b - CFO 7.90b) / TA 124b) |
| Beneish M = -2.83 (Cap -4..+1) = A |
As of October 15, 2026, the stock is trading at USD 61.14 with a total of 2,003,926 shares traded. Over the past week, the price has changed by +3.73%, over one month by +1.01%, over three months by -9.82% and over the past year by +22.33%.
Current recommended Stop Loss: 59.50 (which is 2.7% or 1.4 ATR below the current price).
TC Energy has received a consensus analysts rating of 4.17. Therefore, it is recommended to buy TRP.
- StrongBuy: 10
- Buy: 7
- Hold: 6
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 66.9 | 9.4% |
Market Cap CAD = 91.1b (64.1b USD * 1.4203 USD.CAD)
P/E Trailing = 23.8566
P/E Forward = 21.1864
P/S = 4.0867
P/B = 3.4509
P/EG = 2.9744
Revenue TTM = 16.0b CAD
EBIT TTM = 8.33b CAD
EBITDA TTM = 11.2b CAD
Long Term Debt = 57.7b CAD (from longTermDebt, last quarter)
Short Term Debt = 6.02b CAD (from shortTermDebt, last quarter)
Debt = 64.2b CAD (from shortLongTermDebtTotal, last quarter) + Leases 431.0m
Net Debt = 62.1b CAD (calculated: Debt 64.2b - CCE 2.07b)
Enterprise Value = 153b CAD (91.1b + Debt 64.2b - CCE 2.07b)
Interest Coverage Ratio = 2.48 (Ebit TTM 8.33b / Interest Expense TTM 3.36b)
EV/FCF = 42.11x (Enterprise Value 153b / FCF TTM 3.64b)
FCF Yield = 2.37% (FCF TTM 3.64b / Enterprise Value 153b)
FCF Margin = 22.72% (FCF TTM 3.64b / Revenue TTM 16.0b)
Net Margin = 22.46% (Net Income TTM 3.60b / Revenue TTM 16.0b)
Gross Margin = 51.47% ((Revenue TTM 16.0b - Cost of Revenue TTM 7.77b) / Revenue TTM)
Gross Margin QoQ = 50.43% (prev 56.70%)
Tobins Q-Ratio = 1.24 (Enterprise Value 153b / Total Assets 124b)
Interest Expense / Debt = 5.23% (Interest Expense 3.36b / Debt 64.2b)
Taxrate = 19.45% (1.07b / 5.50b)
NOPAT = 6.71b (EBIT 8.33b * (1 - 19.45%))
Current Ratio = 0.61 (Total Current Assets 7.90b / Total Current Liabilities 12.9b)
Debt / Equity = 2.31 (Debt 64.2b / totalStockholderEquity, last quarter 27.8b)
Debt / EBITDA = 5.54 (Net Debt 62.1b / EBITDA 11.2b)
Debt / FCF = 17.08 (Net Debt 62.1b / FCF TTM 3.64b)
Total Stockholder Equity = 27.5b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.99% (Net Income 3.60b / Total Assets 124b)
RoE = 13.07% (Net Income TTM 3.60b / Total Stockholder Equity 27.5b)
RoCE = 9.77% (EBIT 8.33b / Capital Employed (Equity 27.5b + L.T.Debt 57.7b))
RoIC = 5.77% (NOPAT 6.71b / Invested Capital 116b)
WACC = 5.19% (E(91.1b)/V(155b) * Re(5.88%) + D(64.2b)/V(155b) * Rd(5.23%) * (1-Tc(0.19)))
Discount Rate = 5.88% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 96.72 | Cagr: 0.21%
[DCF] Terminal Value 77.97% ; FCFF base≈2.90b ; Y1≈3.32b ; Y5≈4.88b
[DCF] Fair Price = 10.92 (EV 73.5b - Net Debt 62.1b = Equity 11.4b / Shares 1.04b; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -91.17 | EPS CAGR: -10.78% | SUE: 2.04 | # QB: 1
Revenue Correlation: -17.36 | Revenue CAGR: -2.10% | SUE: 0.08 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.84 | Chg30d=+0.45% | Revisions=+40% | Analysts=16
EPS current Year (2026-12-31): EPS=3.74 | Chg30d=+0.16% | Revisions=+50% | GrowthEPS=+6.6% | GrowthRev=+5.0%
EPS next Year (2027-12-31): EPS=3.92 | Chg30d=+0.03% | Revisions=+17% | GrowthEPS=+4.8% | GrowthRev=+5.4%
[Analyst] Revisions Ratio: +55% (up=7, down=1)