(TRP) TC Energy - Ratings and Ratios
Pipeline, Storage, Gas, Power
Dividends
| Dividend Yield | 5.53% |
| Yield on Cost 5y | 9.18% |
| Yield CAGR 5y | 1.57% |
| Payout Consistency | 93.0% |
| Payout Ratio | 67.3% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 19.8% |
| Value at Risk 5%th | 32.3% |
| Relative Tail Risk | -0.63% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.68 |
| Alpha | 9.74 |
| CAGR/Max DD | 0.79 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.500 |
| Beta | 0.367 |
| Beta Downside | 0.464 |
| Drawdowns 3y | |
|---|---|
| Max DD | 20.15% |
| Mean DD | 5.33% |
| Median DD | 4.37% |
Description: TRP TC Energy December 03, 2025
TC Energy Corp (NYSE:TRP) is a North-American energy-infrastructure firm organized into four segments-Canadian, U.S., and Mexico natural-gas pipelines, plus Power and Energy Solutions. It owns and operates roughly 93,700 km of pipelines that move gas from production basins to downstream users such as distribution utilities, power generators, industrial customers, LNG export terminals, and inter-pipeline connections.
Beyond regulated pipeline transport, TC Energy controls natural-gas storage with a total working-gas capacity of about 532 billion cubic feet (regulated) and an additional 118 billion cubic feet of non-regulated storage across Alberta, Ontario, Québec, and New Brunswick. The company also has approximately 4,650 MW of power-generation assets, primarily in combined-cycle and renewable-enhanced facilities. In 2023, adjusted EBITDA reached roughly $9.5 billion, and pipeline utilization averaged 85 %-both metrics that underpin its cash-flow resilience.
Key economic drivers include North-American LNG export growth, which lifts demand for mid-continent pipeline capacity, and regulatory frameworks that set rate-of-return baselines for its regulated assets. Interest-rate cycles affect the cost of capital for new pipeline projects, while the broader energy transition pressures the company to integrate more low-carbon power assets. For a deeper quantitative view, the ValueRay platform offers a granular breakdown of TRP’s cash-flow dynamics.
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income (3.50b TTM) > 0 and > 6% of Revenue (6% = 745.9m TTM) |
| FCFTA 0.02 (>2.0%) and ΔFCFTA 0.98pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -36.37% (prev 26.46%; Δ -62.83pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.06 (>3.0%) and CFO 7.54b > Net Income 3.50b (YES >=105%, WARN >=100%) |
| Net Debt (59.56b) to EBITDA (10.25b) ratio: 5.81 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.63 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (1.04b) change vs 12m ago 0.29% (target <= -2.0% for YES) |
| Gross Margin 50.68% (prev 47.85%; Δ 2.83pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 9.73% (prev 11.20%; Δ -1.47pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 2.83 (EBITDA TTM 10.25b / Interest Expense TTM 2.68b) >= 6 (WARN >= 3) |
Altman Z'' 0.30
| (A) -0.04 = (Total Current Assets 7.78b - Total Current Liabilities 12.30b) / Total Assets 120.23b |
| (B) -0.05 = Retained Earnings (Balance) -6.03b / Total Assets 120.23b |
| (C) 0.06 = EBIT TTM 7.56b / Avg Total Assets 127.76b |
| (D) 0.30 = Book Value of Equity 24.97b / Total Liabilities 82.66b |
| Total Rating: 0.30 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 51.25
| 1. Piotroski 4.0pt |
| 2. FCF Yield 1.42% |
| 3. FCF Margin 15.69% |
| 4. Debt/Equity 2.23 |
| 5. Debt/Ebitda 5.81 |
| 6. ROIC - WACC (= 2.48)% |
| 7. RoE 12.71% |
| 8. Rev. Trend -23.84% |
| 9. EPS Trend -53.35% |
What is the price of TRP shares?
Over the past week, the price has changed by +0.70%, over one month by +4.52%, over three months by +6.44% and over the past year by +21.08%.
Is TRP a buy, sell or hold?
- Strong Buy: 7
- Buy: 7
- Hold: 7
- Sell: 2
- Strong Sell: 0
What are the forecasts/targets for the TRP price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 49.7 | -8.9% |
| Analysts Target Price | 49.7 | -8.9% |
| ValueRay Target Price | 63.1 | 15.6% |
TRP Fundamental Data Overview November 25, 2025
P/E Trailing = 21.2402
P/E Forward = 20.7039
P/S = 3.839
P/B = 3.1592
P/EG = 1.8312
Beta = 0.936
Revenue TTM = 12.43b CAD
EBIT TTM = 7.56b CAD
EBITDA TTM = 10.25b CAD
Long Term Debt = 56.10b CAD (from longTermDebt, last quarter)
Short Term Debt = 5.26b CAD (from shortTermDebt, last quarter)
Debt = 61.36b CAD (from shortLongTermDebtTotal, last quarter)
Net Debt = 59.56b CAD (from netDebt column, last quarter)
Enterprise Value = 137.25b CAD (77.69b + Debt 61.36b - CCE 1.80b)
Interest Coverage Ratio = 2.83 (Ebit TTM 7.56b / Interest Expense TTM 2.68b)
FCF Yield = 1.42% (FCF TTM 1.95b / Enterprise Value 137.25b)
FCF Margin = 15.69% (FCF TTM 1.95b / Revenue TTM 12.43b)
Net Margin = 28.18% (Net Income TTM 3.50b / Revenue TTM 12.43b)
Gross Margin = 50.68% ((Revenue TTM 12.43b - Cost of Revenue TTM 6.13b) / Revenue TTM)
Gross Margin QoQ = 48.54% (prev 49.20%)
Tobins Q-Ratio = 1.14 (Enterprise Value 137.25b / Total Assets 120.23b)
Interest Expense / Debt = 1.29% (Interest Expense 793.0m / Debt 61.36b)
Taxrate = 20.20% (245.0m / 1.21b)
NOPAT = 6.03b (EBIT 7.56b * (1 - 20.20%))
Current Ratio = 0.63 (Total Current Assets 7.78b / Total Current Liabilities 12.30b)
Debt / Equity = 2.23 (Debt 61.36b / totalStockholderEquity, last quarter 27.46b)
Debt / EBITDA = 5.81 (Net Debt 59.56b / EBITDA 10.25b)
Debt / FCF = 30.53 (Net Debt 59.56b / FCF TTM 1.95b)
Total Stockholder Equity = 27.57b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.91% (Net Income 3.50b / Total Assets 120.23b)
RoE = 12.71% (Net Income TTM 3.50b / Total Stockholder Equity 27.57b)
RoCE = 9.04% (EBIT 7.56b / Capital Employed (Equity 27.57b + L.T.Debt 56.10b))
RoIC = 7.05% (NOPAT 6.03b / Invested Capital 85.61b)
WACC = 4.57% (E(77.69b)/V(139.05b) * Re(7.37%) + D(61.36b)/V(139.05b) * Rd(1.29%) * (1-Tc(0.20)))
Discount Rate = 7.37% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: 100.0 | Cagr: 0.14%
[DCF Debug] Terminal Value 70.46% ; FCFE base≈1.52b ; Y1≈997.3m ; Y5≈456.1m
Fair Price DCF = 8.61 (DCF Value 8.96b / Shares Outstanding 1.04b; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: -53.35 | EPS CAGR: -8.17% | SUE: 1.77 | # QB: 2
Revenue Correlation: -23.84 | Revenue CAGR: 0.88% | SUE: 0.01 | # QB: 0
EPS next Quarter (2026-03-31): EPS=1.02 | Chg30d=+0.003 | Revisions Net=-5 | Analysts=10
EPS next Year (2026-12-31): EPS=3.78 | Chg30d=-0.049 | Revisions Net=-5 | Growth EPS=+7.5% | Growth Revenue=+5.9%
Additional Sources for TRP Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle