TC Energy (TSX:TRP) - Stock Price, News & Analysis

TRP Stock Overview

TC Energy Corporation operates as an energy infrastructure company in North America.

TRP fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	2/6
Past Performance	3/6
Financial Health	1/6
Dividends	4/6

Rewards

Earnings are forecast to grow 15.02% per year

Earnings grew by 341.3% over the past year

Risk Analysis

Dividend of 7.83% is not well covered by earnings or cash flows

Interest payments are not well covered by earnings

Large one-off items impacting financial results

TC Energy Corporation Competitors

Enbridge

TSX:ENB

CA$102.0b

Pembina Pipeline

TSX:PPL

CA$27.8b

Keyera

TSX:KEY

CA$8.0b

Gibson Energy

TSX:GEI

CA$3.7b

Price History & Performance

Summary of all time highs, changes and price drops for TC Energy
Historical stock prices
Current Share Price	CA$49.05
52 Week High	CA$56.98
52 Week Low	CA$43.70
Beta	0.73
1 Month Change	-10.26%
3 Month Change	-5.82%
1 Year Change	-12.07%
3 Year Change	-17.16%
5 Year Change	-23.75%
Change since IPO	70.61%

Slowing Rates Of Return At TC Energy (TSE:TRP) Leave Little Room For Excitement

Mar 31

TC Energy (TSE:TRP) Will Pay A Larger Dividend Than Last Year At CA$0.96

Mar 15

Recent updates

TC Energy's (TSE:TRP) Shareholders Will Receive A Bigger Dividend Than Last Year

May 16

TC Energy's (TSE:TRP) Dividend Will Be Increased To CA$0.93

May 02

Returns On Capital At TC Energy (TSE:TRP) Have Stalled

Mar 25

These 4 Measures Indicate That TC Energy (TSE:TRP) Is Using Debt In A Risky Way

Mar 07

TC Energy's (TSE:TRP) Dividend Will Be Increased To CA$0.93

Feb 17

Returns At TC Energy (TSE:TRP) Appear To Be Weighed Down

Dec 14

Here's Why TC Energy (TSE:TRP) Is Weighed Down By Its Debt Load

Nov 16

Calculating The Fair Value Of TC Energy Corporation (TSE:TRP)

Oct 12

TC Energy Corporation's (TSE:TRP) Intrinsic Value Is Potentially 43% Above Its Share Price

Jul 11

Does TC Energy (TSE:TRP) Have A Healthy Balance Sheet?

May 30

Shareholder Returns

	TRP	CA Oil and Gas	CA Market
7D	-1.4%	-2.6%	-1.9%
1Y	-12.1%	13.1%	3.7%

Return vs Industry: TRP underperformed the Canadian Oil and Gas industry which returned 13.1% over the past year.

Return vs Market: TRP underperformed the Canadian Market which returned 3.7% over the past year.

Price Volatility

Is TRP's price volatile compared to industry and market?
TRP volatility
TRP Average Weekly Movement	2.3%
Oil and Gas Industry Average Movement	6.8%
Market Average Movement	9.1%
10% most volatile stocks in CA Market	18.3%
10% least volatile stocks in CA Market	3.1%

Stable Share Price: TRP has not had significant price volatility in the past 3 months.

Volatility Over Time: TRP's weekly volatility (2%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1951	7,000	Francois Poirier	www.tcenergy.com

TC Energy Corporation operates as an energy infrastructure company in North America. It operates through five segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; Liquids Pipelines; and Power and Energy Solutions.

TC Energy Corporation Fundamentals Summary

How do TC Energy's earnings and revenue compare to its market cap?
TRP fundamental statistics
Market cap	CA$50.89b
Earnings (TTM)	CA$2.83b
Revenue (TTM)	CA$15.93b

18.0x

P/E Ratio

3.2x

P/S Ratio

Is TRP overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TRP income statement (TTM)
Revenue	CA$15.93b
Cost of Revenue	CA$5.29b
Gross Profit	CA$10.64b
Other Expenses	CA$7.82b
Earnings	CA$2.83b

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

May 03, 2024

Earnings per share (EPS)	2.73
Gross Margin	66.80%
Net Profit Margin	17.75%
Debt/Equity Ratio	162.1%

How did TRP perform over the long term?

See historical performance and comparison

Dividends

7.8%

Current Dividend Yield

135%

Payout Ratio

TRP Stock Overview

Rewards

Risk Analysis

TC Energy Corporation Competitors

TSX:ENB

CA$102.0b

TSX:PPL

CA$27.8b

TSX:KEY

CA$8.0b

TSX:GEI

CA$3.7b

Price History & Performance

Recent News & Updates

TC Energy Corporation to Report Q1, 2024 Results on May 03, 2024

TC Energy Corporation, Annual General Meeting, Jun 04, 2024

Tc Energy Corporation Announces Executive Changes

Slowing Rates Of Return At TC Energy (TSE:TRP) Leave Little Room For Excitement

Upcoming dividend of CA$0.96 per share

TC Energy (TSE:TRP) Will Pay A Larger Dividend Than Last Year At CA$0.96

Recent updates

TC Energy Corporation to Report Q1, 2024 Results on May 03, 2024

TC Energy Corporation, Annual General Meeting, Jun 04, 2024

Tc Energy Corporation Announces Executive Changes

Slowing Rates Of Return At TC Energy (TSE:TRP) Leave Little Room For Excitement

Upcoming dividend of CA$0.96 per share

TC Energy (TSE:TRP) Will Pay A Larger Dividend Than Last Year At CA$0.96

Nisga'a Nation and Western LNG ULC entered into binding letter agreement to acquire Prince Rupert Gas Transmission Holdings Ltd. and Prince Rupert Gas Transmission Limited Partnership from TC Energy Corporation (TSX:TRP).

Fourth quarter dividend increased to CA$0.96

Full year 2023 earnings: EPS misses analyst expectations

TC Energy Corporation Declares Dividend for the Quarter Ending March 31, 2024, Payable on April 30, 2024

TC Energy Corporation to Report Q4, 2023 Results on Feb 16, 2024

TC Energy (TSE:TRP) Use Of Debt Could Be Considered Risky

Now 21% overvalued after recent price rise

TC Energy Reportedly Plans to Discuss Selling Natural Gas Pipeline Stake to Indigenous Groups

Calculating The Fair Value Of TC Energy Corporation (TSE:TRP)

TC Energy Corporation's (TSE:TRP) Shareholders Might Be Looking For Exit

Upcoming dividend of CA$0.93 per share at 7.1% yield

Third quarter 2023 earnings: EPS misses analyst expectations

TC Energy Corporation Appoints John E. Lowe as Chair of the Board, Effective January 1, 2024

TC Energy Reportedly Exploring Stake Sales of Assets Worth $10 Billion

TC Energy Reportedly Exploring Stake Sales of Assets Worth $10 Billion

Returns On Capital At TC Energy (TSE:TRP) Have Hit The Brakes

TC Energy Corporation Appoints Hal Kvisle, as Board Chair of New Liquids Pipelines Company

TC Energy (TSE:TRP) Has No Shortage Of Debt

Upcoming dividend of CA$0.93 per share at 7.4% yield

Independent Director recently bought CA$1.4m worth of stock

New minor risk - Shareholder dilution

Calculating The Fair Value Of TC Energy Corporation (TSE:TRP)

Independent Chairman of the Board recently bought CA$1.8m worth of stock

Price target decreased by 7.5% to CA$55.83

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

TC Energy Corporation Declares Quarterly Dividend on Common Share, Payable on October 31, 2023

TC Energy Corporation to Report Q2, 2023 Results on Jul 28, 2023

TC Energy Corporation's Pumped Storage Project Moving to Final Evaluation

TC Energy Corporation's Pumped Storage Project Moving to Final Evaluation

Returns On Capital At TC Energy (TSE:TRP) Have Stalled

Tc Energy Expects to Appeal Delaware Court Rulings in Lawsuit Related to 2016 Columbia Pipeline Acquisition

Upcoming dividend of CA$0.93 per share at 7.0% yield

Does TC Energy (TSE:TRP) Have A Healthy Balance Sheet?

TC Energy's (TSE:TRP) Shareholders Will Receive A Bigger Dividend Than Last Year

Insider recently bought CA$59k worth of stock

TC Energy Corporation acquired Blue Cloud and Fluanna I from Copenhagen Infra Partners II managed by Copenhagen Infrastructure Partners P/S.

TC Energy's (TSE:TRP) Dividend Will Be Increased To CA$0.93

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Returns On Capital At TC Energy (TSE:TRP) Have Stalled

Upcoming dividend of CA$0.93 per share at 7.2% yield

Insider recently bought CA$97k worth of stock

These 4 Measures Indicate That TC Energy (TSE:TRP) Is Using Debt In A Risky Way

CEO, President & Director recently bought CA$358k worth of stock

Executive VP recently bought CA$57k worth of stock

TC Energy's (TSE:TRP) Dividend Will Be Increased To CA$0.93

TC Energy Corporation Declares Dividend for the Quarter Ending March 31, 2023, Payable on April 28, 2023

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

TC Energy Provides Coastal Gaslink Project Update

TC Energy Corporation to Report Q4, 2022 Results on Feb 14, 2023

Insider recently bought CA$150k worth of stock

Upcoming dividend of CA$0.90 per share

Returns At TC Energy (TSE:TRP) Appear To Be Weighed Down

Now 21% undervalued after recent price drop