TRP
TC Energy Corp
$68.35
▼ 0.2%Updated Today 3:42 PM ET
TRP at a glance — five pillars scored 0–100 from real filed financials.
Overall: Neutral · 47/100. A wider, greener shape means more pillars look healthy. Dividends scores 0 when a company pays none — that is a choice, not a flaw.
▲ Up 39.9% over the last 12 months
Market Cap
$69.14B
P/E
27.36x
Forward P/E (est.)
35.7x
ROE
12.5%
Revenue Growth
17.7%
EPS Growth
-23.4%
Profit Margin
22.2%
FCF Yield
3.9%
Debt / Equity
2.21x
ROIC
20.0%
Interest Coverage
2.46x
Current Ratio
0.63x
Dividend Yield
3.7%
Implied Growth (rev. DCF)
—
Rating Score
47/100
TC Energy Corp (TRP) is a large-cap company in the Energy industry, part of the Energy sector of the S&P 500, with a market value around $69.14B.
In its latest reported year it generated about $11.12B in revenue and $2.57B in net profit.
Our model rates TRP Neutral (47/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
Evidence of durable competitive advantage in the filed financials (10 years of history).
Some durable-advantage evidence, but not across the board — dig into which ingredient is weak and whether it's cyclical or structural.
49.7% average over the last 3 years
±13.1 pts around 39.6% across 10 years
grew in 6 of the last 9 year-over-year periods
positive in 1 of 10 years
20.0% latest fiscal year
A moat can't be proven by numbers alone — this scores the evidence a durable advantage leaves behind (pricing power, consistency, returns on capital), computed the same way for every stock. Pair it with the business overview before concluding anything.
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what TRP's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. TRP trades near $68.35, above its 50-day average ($67.37) and 200-day average ($59.63). Price above both averages, with the shorter one above the longer, is the textbook definition of an uptrend — momentum favours buyers.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 40 it is in neutral territory — neither stretched nor washed out.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently negative — short-term momentum is fading.
Volatility — ATR. Average True Range is the typical daily move. TRP's is $1.48 (~2.2% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. Over the last month TRP found buyers near $65.00 (support) and sellers near $70.57 (resistance); its 52-week range is $46.29–$71.47. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 0.4× the 20-day average — lighter than usual, so the move carries less conviction. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.
4Y CAGR
3.3%
Revenue moved from $9.16B in 2016 to $11.12B in 2025, a 2.2% compound annual growth rate. The most recent year grew a strong 17.7% year over year. Consistent top-line growth is one sign of healthy demand.
Gross Margin
70.0%
Operating Margin
52.7%
Net Margin
23.1%
ROE
12.5%
TC Energy Corp keeps about 22.2% of each sales dollar as net profit, with a 70.0% gross margin and 52.7% operating margin. Return on equity is 12.5% and return on invested capital about 20.0%. Margins this wide usually signal pricing power or a cost advantage.
Total Debt
$2.80B
Net Debt
$2.68B
Net Debt / EBITDA
0.46x
Debt / Equity
2.21x
Leverage: debt-to-equity is 2.2x, and operating profit covers interest about 2.5x, with a current ratio of 0.6x. That is elevated leverage, which raises risk if earnings or rates move against it. It carries roughly $2.80B of total debt against $122.64M of cash.
Operating CF
$5.36B
Free Cash Flow
$5.36B
FCF Margin
48.2%
In the latest year TC Energy Corp produced about $5.36B of operating cash flow and $5.36B of free cash flow after capital spending. That is a free-cash-flow yield of about 3.9% on today's price. Cash flow is what ultimately pays shareholders, so it is worth tracking over time.
Can the payout survive a bad year? Scored from filed cash flow, earnings coverage, and the raise/cut record.
Coverage is weak, the payout was cut recently, or it's being financed rather than earned — treat the current yield as fragile.
Dividend yield
3.7%
Per share (latest FY)
$2.48
Total paid (latest FY)
$2.56B
History on record
10 years
dividend uses 48% of free cash flow
100% of net income paid out
no current raise streak
payout was cut at least once in the last 10 years
Coverage uses the latest fiscal year as filed with the SEC; the streak counts total dollars paid (per-share figures can carry split artifacts). Educational information, not income advice.
P/E
27.36x
P/S
6.18x
P/B
2.93x
EV / EBITDA
9.1x
TRP trades at 27.4x trailing earnings (about 35.7x on estimated forward earnings), 6.2x sales, and 2.9x book value. That is a premium multiple that needs growth to justify it.
Where TRP sits versus its Energy sector peers in the S&P 500.
Bands show the middle half (25th–75th percentile) of the 47 Energy companies in the S&P 500 — the peer-relative anchor professional comps analysis uses. Context only — not investment advice.
How TRP stacks up against its Energy peers — valuation, profitability, and growth versus the sector median.
In the Energy sector (57 S&P 500 companies), TRP ranks #37 of 57 by our overall rating. It trades at a premium versus the sector on earnings (27.4x P/E vs. 19.3x median) with a lower return on equity (12.5% vs. 13.3%) and faster revenue growth (17.7% vs. 0.7%).
P/E vs sector
27.4x
median 19.3x
ROE vs sector
12.5%
median 13.3%
Growth vs sector
17.7%
median 0.7%
Sector rank
#37
of 57 by rating
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Energy companies by sub-industry and size. Sector median is across all 57 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$0.00 – $0.00
vs. $68.35 today · expected CAGR 6% – 18%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $13.13B | $15.49B | $18.28B | $21.57B | $25.45B |
| Net income | $3.02B | $3.56B | $4.20B | $4.96B | $5.85B |
| EPS | $2.98 | $3.52 | $4.16 | $4.90 | $5.79 |
| Share price (low) | $47.76 | $56.35 | $66.50 | $78.46 | $92.59 |
| Share price (high) | $80.59 | $95.09 | $112.21 | $132.41 | $156.24 |
| CAGR (low–high) | -30% / 18% | -9% / 18% | -1% / 18% | 4% / 18% | 6% / 18% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
The case for TRP:
- Revenue is growing 17.7% a year, a sign of real demand.
- High net margins (22.2%) point to pricing power or efficiency.
- Pays a 3.7% dividend on top of any price gains.
The case against TRP:
- Elevated leverage (debt/equity 2.2x) adds financial risk.
- Interest coverage is thin (2.5x), so debt costs bite.
Balance-sheet risk — debt/equity of 2.2x magnifies the impact of higher rates or weaker earnings.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
On balance, the picture is mixed: TC Energy Corp is a large-cap energy business still growing nicely, with solid profitability, and a heavier debt load to watch. It trades at 27.4x earnings, which our model scores Neutral (47/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Analyst Ratings
What 26 Wall Street analysts covering TRP recommend (July 2026). Consensus is a useful sanity check — not a substitute for your own homework.
Latest SEC Filings
TRP's most recent filings, straight from SEC EDGAR. Annual and quarterly reports are the deep dives; 8-Ks flag material events the moment they happen.
In the Idea Lab
TRP — frequently asked questions
Is TRP a good stock to buy?
We don't give buy or sell advice. Our model rates TC Energy Corp Neutral (47/100) based on its growth, profitability, financial health, and valuation — use that as a research starting point and make your own decision.
What is TRP's rating on The Stocks School?
TC Energy Corp currently scores 47/100 (Neutral) on our transparent model, which weighs real fundamentals: growth, margins, returns on capital, balance-sheet strength, and valuation.
How our ratings work →Where does TRP's data come from?
Live price data plus real fundamentals and 5-year financials pulled directly from TC Energy Corp's SEC filings — refreshed automatically, not hand-entered.
How is the 5-year projection for TRP calculated?
It's a scenario model: it grows revenue at an assumed rate, applies a profit margin and a valuation multiple, and shows the resulting share-price range. The assumptions are yours to change — it's a tool for thinking, not a prediction.
Is this TRP analysis financial advice?
No. Everything on this page is educational research, not financial advice or a recommendation to buy or sell TRP. Always do your own research and consider a licensed professional.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.