TC Energy Corporation

TC Energy Corporation

TRP
TC Energy CorporationUS flagNew York Stock Exchange
60.69
USD
-1.05
- -
63.22BMarket Cap
TC Energy Corporation
TRP
(New York Stock Exchange)

Recent

price

60.69

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
9.92
11.17
11.36
12.44
14.39
16.01
16.53
15.42
15.17
14.27
13.83
13.76
12.37
12.88
13.27
14.65
15.07
Revenue per Share
1.78
2.17
1.84
2.42
2.46
-1.75
0.16
3.44
3.92
4.28
4.74
1.87
0.64
2.75
4.43
3.27
3.34
Basic EPS, GAAP
4.16
5.25
5.07
5.2
5.97
6.18
6.68
6
7.27
7.62
7.51
7.08
6.41
7.06
7.41
7.06
8.29
Free Cash Flow per Basic Share
1.09
1.45
1.82
1.92
2.03
2.17
2.02
1.71
1.92
2.11
3.35
3.55
3.31
2.8
3.9
3.48
3.54
Dividend per Share
22.27
22.12
22.24
23.62
23.73
19.84
23.48
23.89
27.62
28.54
29.17
30.37
30.94
26.08
24.15
24.06
24.48
Book Value per Share
14.23
16.49
16.75
17.13
15.84
10.1
4.89
8.37
11.03
14.81
15.68
17.54
18.32
14
10.99
11.55
11.54
Tangible Book Value per Share
691
702
705
707
708
709
759
872
902
929
940
973
995
1,030
1,038
1,040
1,041
Basic Weighted Avg Shares
6,852
7,839
8,007
8,797
10,185
11,353
12,547
13,449
13,679
13,255
12,999
13,387
12,309
13,267
13,771
15,239
15,690
Sales/Revenue/Turnover
28.23
35.11
32.12
32.69
32.32
31.1
32.04
33.73
41.53
43.65
44.65
44.12
41.19
44.37
42.02
44.37
45.01
Operating Margin (%)
1,160
1,328
1,375
1,485
1,611
1,765
1,939
2,055
2,350
2,464
2,590
2,522
2,584
2,778
2,788
2,769
2,880
Depreciation Expense
1,278
1,581
1,354
1,786
1,840
-1,146
233
3,157
3,702
4,140
4,616
1,955
748
2,922
4,698
3,519
3,595
Net Income, GAAP
21.74
25.16
24.05
24.23
29.43
- -
42.05
- -
10.94
14.54
3.8
5.54
67.93
25.53
15.61
20.9
19.45
Effective Tax Rate (%)
18.65
20.17
16.91
20.3
18.07
-10.09
1.86
23.47
27.06
31.23
35.51
14.6
6.08
22.02
34.12
23.09
22.91
Profit Margin (%)
-2,424
-2,412
-3,057
-2,211
-4,467
-3,444
404
-5,197
-7,811
-5,248
-6,786
-5,618
-9,575
-445
-4,778
-3,643
-5,042
Working Capital
18,814
18,740
19,013
22,955
24,120
31,318
42,243
38,882
44,017
43,370
43,838
46,660
50,519
60,663
56,475
57,822
57,726
LT Debt
17,884
18,259
18,336
20,136
20,653
18,155
25,983
26,891
30,993
32,397
33,473
33,396
34,116
39,008
38,360
36,899
37,475
Total Equity
3.93
5.17
4.86
5.04
4.89
- -
3.75
- -
6.67
6.03
6.72
6.56
1.81
4.48
4.86
5.46
5.74
Return on Invested Capital (%)
4.32
5.4
4.91
5.61
5.05
- -
1.25
- -
7.2
6.57
7.32
4.43
1.57
4.81
6.12
5.31
5.52
Return on Capital (%)
8.03
9.82
8.31
10.57
10.4
-8.06
0.72
14.5
15.25
15.25
16.45
6.35
2.09
9.66
17.62
13.56
13.76
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2,806
3,647
6,017
LT Borrowings
57,452
58,162
57,726
LT Finance Leases
370
- -
- -
Preferred Equity and Hybrid Capital
2,255
2,255
2,255
Shares Outstanding
1,041
1,042
1,042
Market Capitalization
78,627
90,709
98,046

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
6,316
6,828
7,894
Cash, Cash Equivalents & STI
168
1,083
2,074
Accounts Receivable, Net
2,794
2,380
2,490
Inventories
782
857
936
Total Current Liabilities
9,959
10,502
12,936
Payables & Accruals
5,660
6,686
6,754
ST Debt
2,806
3,647
6,017
Deferred Revenue
46
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.05%
2.16%
-3.81%
Free Cash Flow
5.73%
1.1%
-4.55%
Net Income, GAAP
138.21%
41.39%
-25.1%
Sales/Revenue/Turnover
3.16%
3.43%
10.66%
Total Cash Common Dividend
11.57%
4.99%
-11.3%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,509
3,327
3,358
1,360
13,771
2025
3,623
3,744
3,704
4,168
15,239
2026
3,861
3,957
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.16
0.93
1.4
0.94
4.43
2025
0.94
0.8
0.59
0.94
3.27
2026
0.86
0.95
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.95
0.98
0.98
0.98
3.9
2025
0.85
0.88
0.88
0.88
3.48
2026
0.88
0.9
- -
- -
- -
Business
TC Energy Corporation (TSX, NYSE: TRP) operates as one of North America's leading energy infrastructure companies, developing and operating extensive networks of natural gas pipelines, liquids pipelines, power generation facilities and energy storage assets across Canada, the United States and Mexico. Founded in 1951 and headquartered at TC Energy Tower in Calgary, Alberta, Canada, with U.S. headquarters in the TC Energy Center in Houston, Texas, the company transports natural gas through its Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines and Mexico Natural Gas Pipelines segments; moves crude oil and liquid hydrocarbons via its Liquids Pipelines segment, including the Keystone System; generates approximately 7,000 megawatts of power from nuclear, natural gas-fired, wind and other renewable sources in its Power and Energy Solutions segment; and provides unregulated natural gas storage services to balance supply and demand. TC Energy serves utilities, industrial users, power generators, refineries, oil producers, provincial grids and local distribution companies, with operations emphasizing reliable transportation, compression, storage and electricity provision supported by long-term contracts and strategic infrastructure connecting key supply basins to demand markets. Recent developments include the mechanical completion of the Southeast Gateway natural gas pipeline project in Mexico 13% under budget at US$3.9 billion in 2024 as part of its public-private partnership with Comisión Federal de Electricidad targeting an in-service date of May 1, 2025; the completion of the sale of the Portland Natural Gas Transmission System in August 2024 for gross proceeds of US$1.14 billion, advancing toward a $3 billion asset divestiture target to strengthen its balance sheet and reduce debt-to-EBITDA to 4.75 times by year-end; an increase in its common share dividend for the twenty-fifth consecutive year announced with fourth-quarter 2024 results; and ongoing investments in renewable energy projects, energy efficiency, green fuels and carbon capture alongside expansions in LNG-related natural gas delivery.

Company News

  • TC Energy to host third quarter 2026 conference call on Nov. 5

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  • TC Energy Advances Coastal GasLink Phase 2 Expansion Plans

  • Shell Greenlights LNG Canada Phase 2, Doubling Export Capacity

  • TC Energy advances Coastal GasLink after LNG Canada decision

  • Coastal GasLink Phase 2 to proceed following LNG Canada Final Investment Decision

  • TC Energy: AI Data Center Growth Catalyst, 4.3% Yield

  • TC Energy Co. (TSE:TRP) Receives Consensus Rating of “Moderate Buy” from Analysts

  • NTHM's Index Rebalance Puts Thematic Rotation to Work

  • TC Energy to Divest Guadalajara-Manzanillo Pipeline for $400M

  • TC Energy announces sale of Guadalajara-Manzanillo Pipeline

  • Buy The Dip: 2 High-Yield Infrastructure Income Machines Getting Way Too Cheap

  • Bank of America Corp DE Takes Position in TC Energy Corporation $TRP

  • TC Energy Corporation $TRP Shares Sold by Hsbc Holdings PLC

  • Allianz Asset Management GmbH Raises Stake in TC Energy Corporation $TRP

  • TC Energy: Powering AI With Natural Gas And Power

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