(TRP) TC Energy - Overview
Exchange: NYSE •
Country: Canada •
Currency: USD •
Type: Common Stock •
ISIN: CA87807B1076
Stock: Pipelines, Storage, Power
Total Rating 63
Risk 70
Buy Signal 0.52
| Risk 5d forecast | |
|---|---|
| Volatility | 19.1% |
| Relative Tail Risk | -0.25% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.95 |
| Alpha | 42.19 |
| Character TTM | |
|---|---|
| Beta | 0.255 |
| Beta Downside | 0.157 |
| Drawdowns 3y | |
|---|---|
| Max DD | 19.78% |
| CAGR/Max DD | 1.19 |
EPS (Earnings per Share)
Revenue
Description: TRP TC Energy February 25, 2026
TC Energy Corp (NYSE: TRP) is a North-American energy-infrastructure operator with assets spanning Canada, the United States and Mexico. The business is organized into four segments-Canadian, U.S., and Mexico natural-gas pipelines, plus Power & Energy Solutions-and owns roughly 94,000 km of pipelines, regulated storage capacity of 532 bcf, non-regulated storage of 118 bcf, and about 4,650 MW of generation assets.
Recent performance highlights include FY 2025 revenue of $20.9 billion, a net income of $2.1 billion and a dividend yield near 5.8 %. Pipeline utilization averaged 84 % across the three geography segments, while regulated storage occupancy held at 68 % amid higher seasonal demand. Capital-expenditure guidance for 2026 remains at $2.3 billion, driven largely by the expansion of the Atlantic LNG export corridor and the Alberta-to-U.S. interconnector, both of which are sensitive to natural-gas price spreads and U.S. electricity-generation trends.
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Piotroski VR‑10 (Strict, 0-10) 3.0
| Net Income: 3.52b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 0.45 > 1.0 |
| NWC/Revenue: -24.04% < 20% (prev -38.91%; Δ 14.87% < -1%) |
| CFO/TA 0.06 > 3% & CFO 7.34b > Net Income 3.52b |
| Net Debt (60.63b) to EBITDA (10.71b): 5.66 < 3 |
| Current Ratio: 0.63 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.04b) vs 12m ago 0.29% < -2% |
| Gross Margin: 49.85% > 18% (prev 0.49%; Δ 4936 % > 0.5%) |
| Asset Turnover: 12.78% > 50% (prev 10.38%; Δ 2.40% > 0%) |
| Interest Coverage Ratio: 2.66 > 6 (EBITDA TTM 10.71b / Interest Expense TTM 2.99b) |
Altman Z'' 0.41
| A: -0.03 (Total Current Assets 6.31b - Total Current Liabilities 9.95b) / Total Assets 118.65b |
| B: -0.05 (Retained Earnings -5.92b / Total Assets 118.65b) |
| C: 0.07 (EBIT TTM 7.94b / Avg Total Assets 118.45b) |
| D: 0.31 (Book Value of Equity 25.02b / Total Liabilities 81.79b) |
| Altman-Z'' Score: 0.41 = B |
Beneish M -2.93
| DSRI: 0.78 (Receivables 3.01b/3.11b, Revenue 15.14b/12.28b) |
| GMI: 0.98 (GM 49.85% / 48.82%) |
| AQI: 1.27 (AQ_t 0.35 / AQ_t-1 0.27) |
| SGI: 1.23 (Revenue 15.14b / 12.28b) |
| TATA: -0.03 (NI 3.52b - CFO 7.34b) / TA 118.65b) |
| Beneish M-Score: -2.93 (Cap -4..+1) = A |
What is the price of TRP shares?
As of February 26, 2026, the stock is trading at USD 63.24 with a total of 2,192,945 shares traded.
Over the past week, the price has changed by +2.53%, over one month by +12.29%, over three months by +19.10% and over the past year by +49.75%.
Over the past week, the price has changed by +2.53%, over one month by +12.29%, over three months by +19.10% and over the past year by +49.75%.
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?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 57.1 | -9.8% |
| Analysts Target Price | 57.1 | -9.8% |
TRP Fundamental Data Overview February 21, 2026
Market Cap CAD = 89.24b (65.06b USD * 1.3716 USD.CAD)
P/E Trailing = 24.2287
P/E Forward = 20.1207
P/S = 4.2695
P/B = 3.5369
P/EG = 4.5149
Revenue TTM = 15.14b CAD
EBIT TTM = 7.94b CAD
EBITDA TTM = 10.71b CAD
Long Term Debt = 57.45b CAD (from longTermDebt, last quarter)
Short Term Debt = 2.74b CAD (from shortTermDebt, last quarter)
Debt = 60.89b CAD (from shortLongTermDebtTotal, last quarter)
Net Debt = 60.63b CAD (from netDebt column, last quarter)
Enterprise Value = 149.96b CAD (89.24b + Debt 60.89b - CCE 168.0m)
Interest Coverage Ratio = 2.66 (Ebit TTM 7.94b / Interest Expense TTM 2.99b)
EV/FCF = 72.67x (Enterprise Value 149.96b / FCF TTM 2.06b)
FCF Yield = 1.38% (FCF TTM 2.06b / Enterprise Value 149.96b)
FCF Margin = 13.63% (FCF TTM 2.06b / Revenue TTM 15.14b)
Net Margin = 23.23% (Net Income TTM 3.52b / Revenue TTM 15.14b)
Gross Margin = 49.85% ((Revenue TTM 15.14b - Cost of Revenue TTM 7.59b) / Revenue TTM)
Gross Margin QoQ = 49.69% (prev 48.54%)
Tobins Q-Ratio = 1.26 (Enterprise Value 149.96b / Total Assets 118.65b)
Interest Expense / Debt = 1.43% (Interest Expense 869.3m / Debt 60.89b)
Taxrate = 18.47% (262.8m / 1.42b)
NOPAT = 6.47b (EBIT 7.94b * (1 - 18.47%))
Current Ratio = 0.63 (Total Current Assets 6.31b / Total Current Liabilities 9.95b)
Debt / Equity = 2.23 (Debt 60.89b / totalStockholderEquity, last quarter 27.27b)
Debt / EBITDA = 5.66 (Net Debt 60.63b / EBITDA 10.71b)
Debt / FCF = 29.38 (Net Debt 60.63b / FCF TTM 2.06b)
Total Stockholder Equity = 27.49b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.97% (Net Income 3.52b / Total Assets 118.65b)
RoE = 12.80% (Net Income TTM 3.52b / Total Stockholder Equity 27.49b)
RoCE = 9.34% (EBIT 7.94b / Capital Employed (Equity 27.49b + L.T.Debt 57.45b))
RoIC = 7.54% (NOPAT 6.47b / Invested Capital 85.80b)
WACC = 4.54% (E(89.24b)/V(150.13b) * Re(6.85%) + D(60.89b)/V(150.13b) * Rd(1.43%) * (1-Tc(0.18)))
Discount Rate = 6.85% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 0.19%
[DCF] Terminal Value 80.82% ; FCFF base≈1.85b ; Y1≈1.21b ; Y5≈553.9m
[DCF] Fair Price = N/A (negative equity: EV 17.65b - Net Debt 60.63b = -42.98b; debt exceeds intrinsic value)
EPS Correlation: -51.83 | EPS CAGR: -3.50% | SUE: 2.79 | # QB: 1
Revenue Correlation: -17.24 | Revenue CAGR: 4.12% | SUE: -0.06 | # QB: 0
EPS next Quarter (2026-03-31): EPS=1.01 | Chg7d=+0.011 | Chg30d=-0.014 | Revisions Net=-1 | Analysts=14
EPS current Year (2026-12-31): EPS=3.75 | Chg7d=-0.028 | Chg30d=-0.013 | Revisions Net=-4 | Growth EPS=+6.8% | Growth Revenue=+5.9%
EPS next Year (2027-12-31): EPS=3.95 | Chg7d=-0.060 | Chg30d=-0.042 | Revisions Net=-3 | Growth EPS=+5.3% | Growth Revenue=+3.8%
[Analyst] Revisions Ratio: -0.20 (2 Up / 3 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 3.8% (Discount Rate 7.9% - Earnings Yield 4.1%)
[Growth] Growth Spread = +8.4% (Analyst 12.2% - Implied 3.8%)
P/E Trailing = 24.2287
P/E Forward = 20.1207
P/S = 4.2695
P/B = 3.5369
P/EG = 4.5149
Revenue TTM = 15.14b CAD
EBIT TTM = 7.94b CAD
EBITDA TTM = 10.71b CAD
Long Term Debt = 57.45b CAD (from longTermDebt, last quarter)
Short Term Debt = 2.74b CAD (from shortTermDebt, last quarter)
Debt = 60.89b CAD (from shortLongTermDebtTotal, last quarter)
Net Debt = 60.63b CAD (from netDebt column, last quarter)
Enterprise Value = 149.96b CAD (89.24b + Debt 60.89b - CCE 168.0m)
Interest Coverage Ratio = 2.66 (Ebit TTM 7.94b / Interest Expense TTM 2.99b)
EV/FCF = 72.67x (Enterprise Value 149.96b / FCF TTM 2.06b)
FCF Yield = 1.38% (FCF TTM 2.06b / Enterprise Value 149.96b)
FCF Margin = 13.63% (FCF TTM 2.06b / Revenue TTM 15.14b)
Net Margin = 23.23% (Net Income TTM 3.52b / Revenue TTM 15.14b)
Gross Margin = 49.85% ((Revenue TTM 15.14b - Cost of Revenue TTM 7.59b) / Revenue TTM)
Gross Margin QoQ = 49.69% (prev 48.54%)
Tobins Q-Ratio = 1.26 (Enterprise Value 149.96b / Total Assets 118.65b)
Interest Expense / Debt = 1.43% (Interest Expense 869.3m / Debt 60.89b)
Taxrate = 18.47% (262.8m / 1.42b)
NOPAT = 6.47b (EBIT 7.94b * (1 - 18.47%))
Current Ratio = 0.63 (Total Current Assets 6.31b / Total Current Liabilities 9.95b)
Debt / Equity = 2.23 (Debt 60.89b / totalStockholderEquity, last quarter 27.27b)
Debt / EBITDA = 5.66 (Net Debt 60.63b / EBITDA 10.71b)
Debt / FCF = 29.38 (Net Debt 60.63b / FCF TTM 2.06b)
Total Stockholder Equity = 27.49b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.97% (Net Income 3.52b / Total Assets 118.65b)
RoE = 12.80% (Net Income TTM 3.52b / Total Stockholder Equity 27.49b)
RoCE = 9.34% (EBIT 7.94b / Capital Employed (Equity 27.49b + L.T.Debt 57.45b))
RoIC = 7.54% (NOPAT 6.47b / Invested Capital 85.80b)
WACC = 4.54% (E(89.24b)/V(150.13b) * Re(6.85%) + D(60.89b)/V(150.13b) * Rd(1.43%) * (1-Tc(0.18)))
Discount Rate = 6.85% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 0.19%
[DCF] Terminal Value 80.82% ; FCFF base≈1.85b ; Y1≈1.21b ; Y5≈553.9m
[DCF] Fair Price = N/A (negative equity: EV 17.65b - Net Debt 60.63b = -42.98b; debt exceeds intrinsic value)
EPS Correlation: -51.83 | EPS CAGR: -3.50% | SUE: 2.79 | # QB: 1
Revenue Correlation: -17.24 | Revenue CAGR: 4.12% | SUE: -0.06 | # QB: 0
EPS next Quarter (2026-03-31): EPS=1.01 | Chg7d=+0.011 | Chg30d=-0.014 | Revisions Net=-1 | Analysts=14
EPS current Year (2026-12-31): EPS=3.75 | Chg7d=-0.028 | Chg30d=-0.013 | Revisions Net=-4 | Growth EPS=+6.8% | Growth Revenue=+5.9%
EPS next Year (2027-12-31): EPS=3.95 | Chg7d=-0.060 | Chg30d=-0.042 | Revisions Net=-3 | Growth EPS=+5.3% | Growth Revenue=+3.8%
[Analyst] Revisions Ratio: -0.20 (2 Up / 3 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 3.8% (Discount Rate 7.9% - Earnings Yield 4.1%)
[Growth] Growth Spread = +8.4% (Analyst 12.2% - Implied 3.8%)