TC Energy Corporation
TRP · Price history
Price at last available close
$62.89
+$4.21 (+7.17%) 1M
2026-10-27
Tap or drag sideways to inspect a price. Use two fingers to compare automatically. Release to scroll. Use Shift + arrow keys to compare with a keyboard.
Company & revenue
About TC Energy Corporation
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
TC Energy Corporation (TRP), headquartered in Calgary, Canada, is a significant North American energy infrastructure enterprise, established in 1951. Its extensive operations are strategically divided into five key business units: Canadian Natural Gas Pipelines, U. S.
How they make money
TC Energy operates as a major North American energy infrastructure company. It generates revenue primarily by transporting natural gas through an extensive pipeline network and providing power and energy solutions, including storage and generation assets, to industrial and utility customers.
Products & services
Natural gas pipeline transportation, natural gas storage, and power generation facilities.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer concentration
No quantified customer-concentration disclosure is available in the current saved research.
Suppliers, materials & equipment
- Energy infrastructure equipment and construction services — The company relies on various third-party contractors and suppliers for pipeline construction, maintenance, and specialized equipment; specific supplier names are not disclosed.Source
Business relationships & partnerships
Competitors
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
25
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
42
Weak
Financial Strength
44
Business Quality / Moat
34
Management
44
Growth Quality
36
Risk / Durability
58
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
45
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
52/100
Building Historical Record
Model Score 52/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently moderate.
- •Recent buyback activity is present
- •Elevated debt risk
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
- •Debt / balance-sheet profile needs attention
- •Asset quality is a weaker factor
Company-specific research
Questions worth answering for TRP
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can TRP maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •Is TRP's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •Is TRP's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •What future growth or profitability would be needed to justify TRP's current valuation?
Essential Investment Snapshot
Wall Street Score
25
Opportunity Score
45
Market Cap
$65.52B
P/E Ratio
25.1
EPS
$2.35
52-Week High
$71.47
52-Week Low
$49.27
Beta
0.95
Intrinsic Value
$54.08
Analyst Target
$85.00
Shares Outstanding
1.04B
Total Revenue
$11.27B
Total Debt
$44.87B
Dividend
No current dividend
Liquidation Value / Share
$25.36
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Neutral / mixed momentum
Low movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for TRP
Detected from reported data — verify before acting.Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Elevated debt risk
Total debt is at least one year of revenue • Interest coverage is below 2x • Cash covers less than 20% of total debt
Community Sentiment
0 active · 0 total callsNo personal call yet on TRP.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Extensive North American pipeline network.
- +Long-term contractual revenue base.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Debt risk (elevated): Total debt is at least one year of revenue.
- −Interest coverage is below 2x.
- −Cash covers less than 20% of total debt.
- −Regulatory and environmental compliance risks.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
2 historical score records availablePrevious Score
23
Jul 24, 2026
Change
+1.8
points
Current Score
25
Oct 1, 2026
Category Changes
TRP increased 1.8 points because Revenue improved by 3 points, Asset improved by 3.7 points, Capital improved by 4 points.
Positive Contributors
- + Revenue improved by 3 points
- + Asset improved by 3.7 points
- + Capital improved by 4 points
- + Valuation improved by 7.4 points
- + Buffett improved by 2 points
Projected Score
Projected Score
31
Projected Change
+6.2 points
Preliminary comparable-period financial changes suggest improvement of approximately 6.2 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
OvervaluedCurrent Price
$62.89
Model Intrinsic Value
$54.08
Difference
+$8.81
+16.3% vs IV
Margin of Safety
-16.3%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.27B | $10.69B | $9.69B | $9.33B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $5.47B | $5.34B | $5.04B | $4.64B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $5.80B | $5.35B | $4.65B | $4.69B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $605.4M | $619.4M | $576.9M | $549.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $7.89B | $8.16B | $7.89B | $6.09B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $5.19B | $4.73B | $4.07B | $4.14B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $2.36B | $2.39B | $1.78B | $1.82B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | $3.87B | $3.83B | $4.16B | $2.32B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $752.5M | $800.0M | $648.7M | $592.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | $2.53B | $2.47B | $3.31B | $2.06B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $2.35 | $2.30 | $3.12 | $1.87 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 1.04B | 1.04B | 1.04B | 1.03B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 1.04B | 1.04B | 1.04B | 1.03B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$2.81B
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$0.67
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+7.3%
Cash Change
+45.9%
Margin Change
+2.5 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Margins expanded
- Cash position grew
What Weakened
- Debt increased
Potential Score Impact
Positive indicators included revenue growth, EPS growth, cash levels, net income margin. Pressure indicators included debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 6.7%. EPS increased 18.7%. Cash increased 45.9%. Total debt increased 7.3%. Net income margin improved by 2.5 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
2 historical records2 historical score records available.
Historical Score Chart
2 of 2 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
Related Companies
Oil & Gas MidstreamNews
TC Energy Finalizes Indigenous Investment Plan for Coastal GasLink
TC Energy to host third quarter 2026 conference call on Nov. 5
Here Are Thursday’s Top Wall Street Analyst Research Calls: BP, Dollar Tree, Exxon Mobil, Lennar, Occidental Petroleum, Rocket Lab, Teva Pharmaceuticals, United Therapeutics, and More
TC Energy Advances Coastal GasLink Phase 2 Expansion Plans
Rumor Mill · TRP
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
Related Stock Research
Continue researching this company with related Wall Street Score rankings and investing guides.
Score Alerts
Premium unlocks alerts when a score rises, falls, or reaches your target price.
Start 7-Day Free TrialPortfolio Score
Premium unlocks portfolio scoring, strongest and weakest holdings, and overall margin of safety.
Start 7-Day Free Trial