(TRP) TC Energy - Ratings and Ratios
Pipeline, Storage, Generation
TRP EPS (Earnings per Share)
TRP Revenue
Description: TRP TC Energy September 26, 2025
TC Energy Corp. (NYSE: TRP) is a North-American energy-infrastructure firm that operates four business segments: Canadian natural-gas pipelines, U.S. natural-gas pipelines, Mexico natural-gas pipelines, and Power & Energy Solutions. The company rebranded from TransCanada in May 2019 and is headquartered in Calgary, Canada.
The firm owns and operates roughly 93,700 km of natural-gas pipelines, moving gas from upstream basins to downstream customers such as distribution utilities, power generators, industrial users, inter-pipeline connections, and LNG export terminals. Its regulated storage portfolio holds about 532 billion cubic feet (Bcf) of working gas, while an additional 118 Bcf of non-regulated storage is located in Alberta, Ontario, Québec, and New Brunswick.
According to the 2023 annual report, TC Energy generated $16.5 billion of revenue, posted adjusted EBITDA of $7.2 billion, and paid a dividend yielding roughly 5.5 % (≈ $0.85 per share). The balance sheet shows a net debt of $45 billion, giving a debt-to-EBITDA ratio near 6.3×, which is typical for capital-intensive pipeline operators but warrants monitoring under rising interest-rate environments.
Key economic drivers include North-American natural-gas demand growth (≈ 2 % YoY in 2023), the ongoing transition to gas-fired power generation, and regulatory approvals for new export capacity such as the proposed Coastal GasLink project. A sector-wide base-rate suggests that pipeline utilization rates above 80 % are generally associated with pricing power, and TC Energy’s reported average utilization of 85 % across its core network aligns with that benchmark.
For a deeper, data-driven assessment of TRP’s valuation dynamics, you may find ValueRay’s analytical toolkit useful.
TRP Stock Overview
| Market Cap in USD | 51,882m |
| Sub-Industry | Oil & Gas Storage & Transportation |
| IPO / Inception | 1987-12-30 |
TRP Stock Ratings
| Growth Rating | 53.1% |
| Fundamental | 48.1% |
| Dividend Rating | 46.0% |
| Return 12m vs S&P 500 | -4.46% |
| Analyst Rating | 3.83 of 5 |
TRP Dividends
| Dividend Yield 12m | 4.79% |
| Yield on Cost 5y | 8.15% |
| Annual Growth 5y | 1.57% |
| Payout Consistency | 93.2% |
| Payout Ratio | 85.7% |
TRP Growth Ratios
| Growth Correlation 3m | 16.4% |
| Growth Correlation 12m | 80.7% |
| Growth Correlation 5y | 48.4% |
| CAGR 5y | 8.71% |
| CAGR/Max DD 3y (Calmar Ratio) | 0.31 |
| CAGR/Mean DD 3y (Pain Ratio) | 0.83 |
| Sharpe Ratio 12m | 0.62 |
| Alpha | -5.15 |
| Beta | 0.936 |
| Volatility | 18.83% |
| Current Volume | 2018.5k |
| Average Volume 20d | 2070k |
| Stop Loss | 48.9 (-3.1%) |
| Signal | -0.38 |
Piotroski VR‑10 (Strict, 0-10) 4.5
| Net Income (4.35b TTM) > 0 and > 6% of Revenue (6% = 768.6m TTM) |
| FCFTA 0.01 (>2.0%) and ΔFCFTA 1.00pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -35.95% (prev -20.83%; Δ -15.12pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.06 (>3.0%) and CFO 7.53b > Net Income 4.35b (YES >=105%, WARN >=100%) |
| Net Debt (58.01b) to EBITDA (10.88b) ratio: 5.33 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.61 (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 49.52% (prev 45.87%; Δ 3.66pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 10.47% (prev 12.53%; Δ -2.07pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 3.26 (EBITDA TTM 10.88b / Interest Expense TTM 2.51b) >= 6 (WARN >= 3) |
Altman Z'' 0.36
| (A) -0.04 = (Total Current Assets 7.14b - Total Current Liabilities 11.74b) / Total Assets 116.84b |
| (B) -0.05 = Retained Earnings (Balance) -5.74b / Total Assets 116.84b |
| (C) 0.07 = EBIT TTM 8.18b / Avg Total Assets 122.40b |
| (D) 0.31 = Book Value of Equity 25.02b / Total Liabilities 79.46b |
| Total Rating: 0.36 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 48.07
| 1. Piotroski 4.50pt = -0.50 |
| 2. FCF Yield 1.10% = 0.55 |
| 3. FCF Margin 11.23% = 2.81 |
| 4. Debt/Equity 2.16 = 0.53 |
| 5. Debt/Ebitda 5.33 = -2.50 |
| 6. ROIC - WACC (= 1.24)% = 1.55 |
| 7. RoE 15.36% = 1.28 |
| 8. Rev. Trend -33.25% = -2.49 |
| 9. EPS Trend -63.13% = -3.16 |
What is the price of TRP shares?
Over the past week, the price has changed by -0.14%, over one month by -7.41%, over three months by +2.53% and over the past year by +9.68%.
Is TC Energy a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of TRP is around 50.99 USD . This means that TRP is currently overvalued and has a potential downside of 1.07%.
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 | 47.8 | -5.2% |
| Analysts Target Price | 47.8 | -5.2% |
| ValueRay Target Price | 55.4 | 9.8% |
TRP Fundamental Data Overview November 06, 2025
P/E Trailing = 17.0514
P/E Forward = 20.1207
P/S = 3.6276
P/B = 3.1405
P/EG = 1.8312
Beta = 0.936
Revenue TTM = 12.81b CAD
EBIT TTM = 8.18b CAD
EBITDA TTM = 10.88b CAD
Long Term Debt = 53.89b CAD (from longTermDebt, last quarter)
Short Term Debt = 5.54b CAD (from shortTermDebt, last quarter)
Debt = 59.43b CAD (from shortLongTermDebtTotal, last quarter)
Net Debt = 58.01b CAD (from netDebt column, last quarter)
Enterprise Value = 130.99b CAD (72.98b + Debt 59.43b - CCE 1.42b)
Interest Coverage Ratio = 3.26 (Ebit TTM 8.18b / Interest Expense TTM 2.51b)
FCF Yield = 1.10% (FCF TTM 1.44b / Enterprise Value 130.99b)
FCF Margin = 11.23% (FCF TTM 1.44b / Revenue TTM 12.81b)
Net Margin = 33.95% (Net Income TTM 4.35b / Revenue TTM 12.81b)
Gross Margin = 49.52% ((Revenue TTM 12.81b - Cost of Revenue TTM 6.47b) / Revenue TTM)
Gross Margin QoQ = 49.20% (prev 52.03%)
Tobins Q-Ratio = 1.12 (Enterprise Value 130.99b / Total Assets 116.84b)
Interest Expense / Debt = 1.23% (Interest Expense 733.0m / Debt 59.43b)
Taxrate = 25.17% (337.0m / 1.34b)
NOPAT = 6.12b (EBIT 8.18b * (1 - 25.17%))
Current Ratio = 0.61 (Total Current Assets 7.14b / Total Current Liabilities 11.74b)
Debt / Equity = 2.16 (Debt 59.43b / totalStockholderEquity, last quarter 27.52b)
Debt / EBITDA = 5.33 (Net Debt 58.01b / EBITDA 10.88b)
Debt / FCF = 40.31 (Net Debt 58.01b / FCF TTM 1.44b)
Total Stockholder Equity = 28.32b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.72% (Net Income 4.35b / Total Assets 116.84b)
RoE = 15.36% (Net Income TTM 4.35b / Total Stockholder Equity 28.32b)
RoCE = 9.95% (EBIT 8.18b / Capital Employed (Equity 28.32b + L.T.Debt 53.89b))
RoIC = 6.87% (NOPAT 6.12b / Invested Capital 89.11b)
WACC = 5.63% (E(72.98b)/V(132.41b) * Re(9.46%) + D(59.43b)/V(132.41b) * Rd(1.23%) * (1-Tc(0.25)))
Discount Rate = 9.46% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.14%
[DCF Debug] Terminal Value 64.33% ; FCFE base≈981.0m ; Y1≈644.1m ; Y5≈294.5m
Fair Price DCF = 4.47 (DCF Value 4.65b / Shares Outstanding 1.04b; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: -63.13 | EPS CAGR: -59.88% | SUE: -4.0 | # QB: 0
Revenue Correlation: -33.25 | Revenue CAGR: -0.53% | SUE: 0.10 | # QB: 0
Additional Sources for TRP Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle