(TRP) TC Energy - Ratings and Ratios
Pipeline, Storage, Generation
EPS (Earnings per Share)
Revenue
| Risk via 10d forecast | |
|---|---|
| Volatility | 20.0% |
| Value at Risk 5%th | 32.7% |
| Relative Tail Risk | -0.82% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.56 |
| Alpha | 7.02 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.634 |
| Beta | 0.374 |
| Beta Downside | 0.464 |
| Drawdowns 3y | |
|---|---|
| Max DD | 28.25% |
| Mean DD | 10.51% |
| Median DD | 11.03% |
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 | 56,977m |
| Sub-Industry | Oil & Gas Storage & Transportation |
| IPO / Inception | 1987-12-30 |
| Return 12m vs S&P 500 | 3.58% |
| Analyst Rating | 3.83 of 5 |
TRP Dividends
| Metric | Value |
|---|---|
| Dividend Yield | 4.45% |
| Yield on Cost 5y | 7.65% |
| Yield CAGR 5y | 1.57% |
| Payout Consistency | 93.2% |
| Payout Ratio | 67.3% |
TRP Growth Ratios
| Metric | Value |
|---|---|
| CAGR 3y | 9.94% |
| CAGR/Max DD Calmar Ratio | 0.35 |
| CAGR/Mean DD Pain Ratio | 0.95 |
| Current Volume | 2205k |
| Average Volume | 2205k |
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 1.12pp (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) 50.22
| 1. Piotroski 4.0pt |
| 2. FCF Yield 1.40% |
| 3. FCF Margin 15.69% |
| 4. Debt/Equity 2.23 |
| 5. Debt/Ebitda 5.81 |
| 6. ROIC - WACC (= 2.42)% |
| 7. RoE 12.71% |
| 8. Rev. Trend -30.04% |
| 9. EPS Trend -62.99% |
What is the price of TRP shares?
Over the past week, the price has changed by -0.33%, over one month by +5.28%, over three months by +5.83% and over the past year by +15.85%.
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 | -8.4% |
| Analysts Target Price | 49.7 | -8.4% |
| ValueRay Target Price | 60.3 | 11.1% |
TRP Fundamental Data Overview November 15, 2025
P/E Trailing = 21.349
P/E Forward = 20.9205
P/S = 3.8897
P/B = 3.2033
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 = 139.56b CAD (80.00b + Debt 61.36b - CCE 1.80b)
Interest Coverage Ratio = 2.83 (Ebit TTM 7.56b / Interest Expense TTM 2.68b)
FCF Yield = 1.40% (FCF TTM 1.95b / Enterprise Value 139.56b)
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 = 1.16 (Enterprise Value 139.56b / 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 = 4.63% (E(80.00b)/V(141.36b) * Re(7.39%) + D(61.36b)/V(141.36b) * Rd(1.29%) * (1-Tc(0.20)))
Discount Rate = 7.39% (= 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≈1.44b ; Y1≈947.4m ; Y5≈433.2m
Fair Price DCF = 8.18 (DCF Value 8.52b / Shares Outstanding 1.04b; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: -62.99 | EPS CAGR: -12.45% | SUE: 1.77 | # QB: 2
Revenue Correlation: -30.04 | Revenue CAGR: -3.12% | SUE: 0.01 | # QB: 0
Additional Sources for TRP Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle