(TRP) TC Energy - Ratings and Ratios

TC Energy Corporation is a leading North American energy infrastructure company with a diversified portfolio spanning natural gas pipelines, power generation, and storage solutions. The company operates through four core segments: Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, and Power and Energy Solutions. Its extensive network includes 93,700 kilometers of natural gas pipelines, connecting supply basins to demand centers such as local distribution companies, power plants, industrial users, LNG terminals, and other critical infrastructure. The company also manages regulated natural gas storage facilities with a combined working gas capacity of 532 billion cubic feet, providing critical flexibility to the energy system.

In addition to its pipeline and storage assets, TC Energy owns or holds interests in power generation facilities totaling approximately 4,650 megawatts, primarily in Canada. The company also operates approximately 118 billion cubic feet of non-regulated natural gas storage facilities across Alberta, Ontario, Québec, and New Brunswick. Formerly known as TransCanada Corporation, TC Energy rebranded in May 2019 to reflect its broader energy transition goals and expanded scope. Founded in 1951 and headquartered in Calgary, Alberta, the company has a long history of delivering energy solutions across North America.

From a technical perspective, TRP is currently trading at CAD 68.46, above its SMA 20 (67.31) and SMA 50 (66.16), but below its SMA 200 (61.27), indicating potential bullish momentum in the near term. Average volume over the past 20 days is 10,749,045 shares, with an ATR of 1.77, suggesting moderate volatility. On the fundamental side, the company’s market cap stands at CAD 68,439.22M, with a P/E ratio of 16.26 and a forward P/E of 16.98, signaling expectations of steady earnings growth. The P/B ratio of 2.73 reflects the premium placed on its infrastructure assets, while the P/S ratio of 4.97 highlights its revenue generation capabilities. With an RoE of 17.03%, the company demonstrates strong profitability relative to equity.