(TRP) TC Energy - Overview
Sector: Energy | Industry: Oil & Gas Midstream | Exchange: NYSE (USA) | Market Cap: 69.861m USD | Total Return: 44.3% in 12m
Natural Gas Pipelines, Gas Storage, Power Generation, Energy Infrastructure
Total Rating 61
Safety 55
Buy Signal 0.53
Oil & Gas Midstream
Industry Rotation: +24.2
Industry Rotation: +24.2
Market Cap:
69.9B
Avg Turnover: 150M
Avg Turnover: 150M
Risk 3d forecast
Volatility19.4%
VaR 5th Pctl3.43%
VaR vs Median7.31%
Reward TTM
Sharpe Ratio1.90
Rel. Str. IBD76.7
Rel. Str. Peer Group41.8
Character TTM
Beta0.078
Beta Downside-0.160
Hurst Exponent0.611
Drawdowns 3y
Max DD18.22%
CAGR/Max DD1.45
CAGR/Mean DD6.17
EPS (Earnings per Share)
EPS CAGR: -0.27%
EPS Trend: -56.8%
EPS Trend: -56.8%
Last SUE: 4.00
Qual. Beats: 1
Qual. Beats: 1
Revenue
Rev. CAGR: 4.20%
Rev. Trend: -10.8%
Rev. Trend: -10.8%
Last SUE: 0.02
Qual. Beats: 0
Qual. Beats: 0
Warnings
Altman Z'' 0.41 < 1.0 - financial distress zone
Tailwinds
Tailwind, Pullback 52w
Description: TRP TC Energy
TC Energy Corporation is a Calgary-based energy infrastructure company operating an expansive 94,171-kilometer natural gas pipeline network across Canada, the United States, and Mexico. The firm manages four primary segments focused on natural gas transmission and storage, alongside a power and energy solutions division with 4,650 megawatts of generation capacity. Its infrastructure connects major supply basins to high-demand end markets, including local distributors, industrial plants, and LNG export terminals.
The company operates under a midstream business model, which typically relies on long-term, fee-based contracts to provide stable cash flows regardless of short-term commodity price volatility. This sector is characterized by high barriers to entry due to the significant capital expenditures and regulatory approvals required to construct cross-border pipeline systems. Investors can examine detailed financial metrics and valuation trends for TRP on ValueRay. TC Energy also maintains extensive regulated and non-regulated gas storage facilities, totaling over 650 billion cubic feet of capacity, to manage seasonal demand fluctuations.
- South Bow spin-off execution improves balance sheet and lowers corporate debt load
- Natural gas demand for LNG export terminals drives long-term pipeline volume growth
- Coastal GasLink cost overruns and project delays impact overall capital expenditure efficiency
- Regulatory approvals for interstate pipeline expansions dictate future rate base revenue growth
- Interest rate fluctuations significantly influence dividend yield attractiveness and financing costs
Piotroski VR‑10 (Strict)
4.0
| Net Income: 3.44b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA 1.98 > 1.0 |
| NWC/Revenue: -23.37% < 20% (prev -24.63%; Δ 1.26% < -1%) |
| CFO/TA 0.06 > 3% & CFO 7.86b > Net Income 3.44b |
| Net Debt (60.88b) to EBITDA (10.90b): 5.58 < 3 |
| Current Ratio: 0.65 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.04b) vs 12m ago 0.19% < -2% |
| Gross Margin: 51.19% > 18% (prev 0.49%; Δ 5.07k% > 0.5%) |
| Asset Turnover: 13.04% > 50% (prev 10.28%; Δ 2.76% > 0%) |
| Interest Coverage Ratio: 2.50 > 6 (EBITDA TTM 10.90b / Interest Expense TTM 3.23b) |
Altman Z''
0.41
| A: -0.03 (Total Current Assets 6.85b - Total Current Liabilities 10.53b) / Total Assets 121.14b |
| B: -0.05 (Retained Earnings -5.96b / Total Assets 121.14b) |
| C: 0.07 (EBIT TTM 8.09b / Avg Total Assets 120.84b) |
| D: 0.30 (Book Value of Equity 25.34b / Total Liabilities 83.89b) |
| Altman-Z'' Score: 0.41 = B |
Beneish M
-2.89
| DSRI: 0.82 (Receivables 2.68b/2.59b, Revenue 15.76b/12.39b) |
| GMI: 0.96 (GM 51.19% / 49.02%) |
| AQI: 1.28 (AQ_t 0.35 / AQ_t-1 0.27) |
| SGI: 1.27 (Revenue 15.76b / 12.39b) |
| TATA: -0.04 (NI 3.44b - CFO 7.86b) / TA 121.14b) |
| Beneish M-Score: -2.89 (Cap -4..+1) = A |
What is the price of TRP shares?
As of May 18, 2026, the stock is trading at USD 68.24 with a total of 1,518,709 shares traded.
Over the past week, the price has changed by +5.39%, over one month by +12.57%, over three months by +10.80% and over the past year by +44.31%.
Over the past week, the price has changed by +5.39%, over one month by +12.57%, over three months by +10.80% and over the past year by +44.31%.
Is TRP a buy, sell or hold?
TC Energy has received a consensus analysts rating of 3.83.
Therefore, it is recommended to buy TRP.
- StrongBuy: 7
- Buy: 7
- Hold: 7
- Sell: 2
- StrongSell: 0
What are the forecasts/targets for the TRP price?
| Analysts Target Price | 63.2 | -7.4% |
TC Energy (TRP) - Fundamental Data Overview
as of 15 May 2026
Market Cap CAD = 96.05b (69.86b USD * 1.3749 USD.CAD)P/E Trailing = 27.0403
P/E Forward = 23.9808
P/S = 4.5139
P/B = 3.6398
P/EG = 3.3686
Revenue TTM = 15.76b CAD
EBIT TTM = 8.09b CAD
EBITDA TTM = 10.90b CAD
Long Term Debt = 58.16b CAD (from longTermDebt, last quarter)
Short Term Debt = 3.66b CAD (from shortTermDebt, last quarter)
Debt = 61.97b CAD (from shortLongTermDebtTotal, last quarter)
Net Debt = 60.88b CAD (from netDebt column, last quarter)
Enterprise Value = 156.93b CAD (96.05b + Debt 61.97b - CCE 1.09b)
Interest Coverage Ratio = 2.50 (Ebit TTM 8.09b / Interest Expense TTM 3.23b)
EV/FCF = 46.61x (Enterprise Value 156.93b / FCF TTM 3.37b)
FCF Yield = 2.15% (FCF TTM 3.37b / Enterprise Value 156.93b)
FCF Margin = 21.36% (FCF TTM 3.37b / Revenue TTM 15.76b)
Net Margin = 21.83% (Net Income TTM 3.44b / Revenue TTM 15.76b)
Gross Margin = 51.19% ((Revenue TTM 15.76b - Cost of Revenue TTM 7.69b) / Revenue TTM)
Gross Margin QoQ = 56.70% (prev 49.69%)
Tobins Q-Ratio = 1.30 (Enterprise Value 156.93b / Total Assets 121.14b)
Interest Expense / Debt = 1.35% (Interest Expense 837.2m / Debt 61.97b)
Taxrate = 18.08% (254.7m / 1.41b)
NOPAT = 6.63b (EBIT 8.09b * (1 - 18.08%))
Current Ratio = 0.65 (Total Current Assets 6.85b / Total Current Liabilities 10.53b)
Debt / Equity = 2.25 (Debt 61.97b / totalStockholderEquity, last quarter 27.60b)
Debt / EBITDA = 5.58 (Net Debt 60.88b / EBITDA 10.90b)
Debt / FCF = 18.08 (Net Debt 60.88b / FCF TTM 3.37b)
Total Stockholder Equity = 27.46b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.85% (Net Income 3.44b / Total Assets 121.14b)
RoE = 12.53% (Net Income TTM 3.44b / Total Stockholder Equity 27.46b)
RoCE = 9.45% (EBIT 8.09b / Capital Employed (Equity 27.46b + L.T.Debt 58.16b))
RoIC = 7.73% (NOPAT 6.63b / Invested Capital 85.77b)
WACC = 4.24% (E(96.05b)/V(158.02b) * Re(6.26%) + D(61.97b)/V(158.02b) * Rd(1.35%) * (1-Tc(0.18)))
Discount Rate = 6.26% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares (quarterly) Correlation: 89.44 | Cagr: 0.21%
[DCF] Terminal Value 80.82% ; FCFF base≈2.40b ; Y1≈1.58b ; Y5≈721.7m
[DCF] Fair Price = N/A (negative equity: EV 22.91b - Net Debt 60.88b = -37.97b; debt exceeds intrinsic value)
EPS Correlation: -56.75 | EPS CAGR: -0.27% | SUE: 4.0 | # QB: 1
Revenue Correlation: -10.82 | Revenue CAGR: 4.20% | SUE: 0.02 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.82 | Chg30d=-2.15% | Revisions=-22% | Analysts=16
EPS next Quarter (2026-09-30): EPS=0.83 | Chg30d=-2.32% | Revisions=-18% | Analysts=15
EPS current Year (2026-12-31): EPS=3.64 | Chg30d=-1.73% | Revisions=-33% | GrowthEPS=+3.8% | GrowthRev=+4.6%
EPS next Year (2027-12-31): EPS=3.86 | Chg30d=-0.80% | Revisions=-13% | GrowthEPS=+6.0% | GrowthRev=+5.1%
[Analyst] Revisions Ratio: -33%