TC Energy Corporation

NYSE:TRP 주식 리포트

시가총액: US$72.4b

TC Energy 향후 성장

Future 기준 점검 1/6

TC Energy (는) 각각 연간 11.7% 및 4.6% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 9.6% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 15.4% 로 예상됩니다.

핵심 정보

11.7%

이익 성장률

9.57%

EPS 성장률

Oil and Gas 이익 성장11.3%
매출 성장률4.6%
향후 자기자본이익률15.39%
애널리스트 커버리지

Good

마지막 업데이트16 May 2026

최근 향후 성장 업데이트

Recent updates

Seeking Alpha • May 20

TC Energy: Hold On To This Natural Gas Company Servicing 30% Of North America

Summary TC Energy Corporation operates 58,000 miles of natural gas pipelines across North America, transporting 30% of the continent’s supply. TRP is positioned to benefit from rising AI-driven energy demand and coal-to-gas conversions, supporting long-term infrastructure relevance. Despite 6.57% YOY revenue growth, TRP’s high leverage (6.34 Debt/EBITDA) and 108.79% payout ratio raise balance sheet concerns. I rate TRP a hold due to slow deleveraging progress and limited upside, despite a 26-year dividend growth streak and investment-grade credit. Read the full article on Seeking Alpha
Seeking Alpha • Dec 22

Why TC Energy Is A Must-Have For Income And Growth Investors

Summary TC Energy remains a high-quality pick for income, value, and growth, driven by its strong focus on natural gas infrastructure post South Bow spin-off. TRP's robust financial results, disciplined capital allocation, and reduced capital expenditure estimates highlight its operational efficiency and financial flexibility. With a 5.1% dividend yield and commitment to 3-5% annual dividend growth, TRP is attractive for income-focused investors. With a reasonable valuation and strong growth prospects, TRP is poised to potentially deliver at least market-level total returns. Read the full article on Seeking Alpha
Seeking Alpha • Nov 27

Pipelines Of Prosperity: TC Energy's 4.8% Yield Is Just The Beginning

Summary TC Energy Corporation offers a compelling 4.8% dividend yield, benefiting from rising global natural gas demand and North America's growing LNG exports. The company's extensive North American pipeline network and regulated contracts ensure stable revenue, minimizing natural gas price risks. Disciplined capital allocation and an improving balance sheet enhance sustainability, with no need for new equity issuance. Despite recent gains, TC Energy remains undervalued, presenting further upside potential for long-term investors. Read the full article on Seeking Alpha
Seeking Alpha • Nov 12

TC Energy: Liquids Spin-Off Creates A Premier Gas Midstream

Summary Following the spin-off of its liquids pipelines business as South Bow, TC Energy has become a pure-play gas midstream, operating across Canada, the US, and Mexico. The divestment has also been margin accretive with an estimated uplift of 4pp/3pp to group level 9M 24 EBITDA/EBIT margins, boosting TC's already strong profitability further. We believe TC Energy is well-positioned to capitalize on structural trends in natural gas demand including LNG and AI and initiate shares at Overweight and a $46/sh price target. Read the full article on Seeking Alpha
Seeking Alpha • Sep 25

TC Energy: 6% Yield Amidst A North American Energy Boom

Summary TC Energy is a compelling investment for dividend-focused investors with its 6% yield, steady cashflows, and 24 years of consecutive dividend raises. TRP's robust growth prospects are driven by North American natural gas demand, project completions like Coastal GasLink, and a simplified business model post-South Bow spinoff. Despite not being a bargain at $47, TRP's valuation remains reasonable with a P/CF ratio within its historical range, with potential for market-beating returns. Read the full article on Seeking Alpha
Seeking Alpha • Aug 29

TC Energy: Buy This 6.3% Yielding Dividend Aristocrat Before Everyone Else Does

Summary TC Energy is a high-yield dividend aristocrat with a 6.3% yield, showcasing dependable growth and low risk, ideal for conservative income investors. The company operates a vast midstream infrastructure, supplying 30% of North America's natural gas, and plans to focus on natural gas and electric utilities. With a strong commitment to dividend growth and a robust financial strategy, TC Energy offers long-term returns of 12.5% to 13.3%. TRP has excellent long-term risk management, with a strong BBB+ credit rating and risk management in the top 12% of global companies. TRP is an excellent low volatility, high-yield dividend aristocrat (this year). It's a great choice for conservative income investors not comfortable with the market's steadily rising valuations and increasing volatility. Read the full article on Seeking Alpha
Seeking Alpha • Aug 22

TC Energy: Growth Focused MLP With Signs Of Becoming A Stable Cash Cow

Summary TC Energy Corporation registered yet another quarter of solid EBITDA growth. Yet, the level of growth was not the key driver behind the recent surge in the stock price. Instead, more important drivers were the large chunk of previously committed CapEx project coming online and a communicated path of an incremental CapEx reduction going forward. In this article, I elaborate on why I have decided to upgrade my rating to buy after the circulated Q2, 2024 earnings deck. Read the full article on Seeking Alpha
Seeking Alpha • Aug 15

TC Energy: Get Paid 6.4% To Own Low-Risk Mission-Critical Pipelines

Summary The midstream sector, especially TC Energy, has gained prominence for income investors due to its stable, volume-based revenue streams. TRP benefits from a robust North American infrastructure and growth in natural gas demand, supported by strategic divestitures and new investments. With a 6% dividend yield and improving financials, TRP offers strong income potential. However, currency risks and modest dividend growth may be concerns. Read the full article on Seeking Alpha
Seeking Alpha • Jul 02

TC Energy: The Issue With Leverage Makes This A Suboptimal Choice

Summary TC Energy Corporation is a large midstream operator with a market cap of $39 billion and similar operations to most of its peers. However, starting from mid-2022, TC Energy Corporation has significantly underperformed the benchmark index. Despite this, TC Energy still trades at a relatively rich multiple and offers an average dividend yield. In this article, I assess the key fundamentals of TC Energy to see whether there is a solid investment case for investors to consider. Read the full article on Seeking Alpha
Seeking Alpha • May 08

Why 7.5%-Yielding TC Energy Is A Compelling Investment For Value Investors?

Summary Warren Buffett hinted at a possible investment opportunity in Canada, sparking speculation among investors. TC Energy could be a potential target for Buffett, offering a wide-moat business in the North American energy sector. TRP presents an undervalued opportunity with steady dividend growth, robust infrastructure assets, and strategic initiatives for debt reduction and growth projects. Read the full article on Seeking Alpha
Seeking Alpha • Mar 20

7%-Yielding TC Energy May Be One Of The Best Income Plays On The Market

Summary TC Energy is a compelling income play in a market with elevated risk and subdued returns. The company's focus on resilient, contracted midstream operations and strong dividend track record offer stability and potential for long-term growth. The upcoming spin-off of its liquids pipelines business and commitment to debt reduction enhance its value proposition. Read the full article on Seeking Alpha
Seeking Alpha • Mar 07

TC Energy: Series 7 Preferred Shares Ready For Takeoff

Summary We expect a significant upside for the TC Energy preferred shares, Series 7, over the next six months. The opportunity that comes from the reset of the fixed dividend yield happens only once every five years, and reset at much higher rates is even rarer. An increase in the fixed rate could result in the price reaching or even exceeding the issue price, providing for north of 39% upside in the long term. A potential decrease in interest rates by the Government of Canada later this year would also represent a tailwind for the preferred shares. Read the full article on Seeking Alpha
Seeking Alpha • Feb 16

TC Energy: Massive Q4 Beat And 3% Dividend Increase

Summary TC Energy Corporation's Q4 2023 adjusted EBITDA of over $3.11 billion exceeded expectations. The company made progress on all its projects and achieved solid results across all segments. The dividend was increased to a $3.84 CAD annualized run rate. We analyze the numbers and tell you where we stand. Read the full article on Seeking Alpha
Seeking Alpha • Feb 01

TC Energy: A Solid 7% Yield With 23 Years Of Consecutive Raises

Summary TC Energy is a Canadian midstream energy company with a strong portfolio of pipelines and power-generating assets. TRP has seen long-term growth through various economic and energy cycles and offers a 7% dividend yield with 23 consecutive years of dividend raises. Despite some setbacks, TRP has completed its Coastal GasLink project and has taken steps to improve its balance sheet. Read the full article on Seeking Alpha
Seeking Alpha • Jan 11

TC Energy: May Be A Value Trap

Summary TC Energy looks enticing with a high 7.00% dividend yield and 10-yr low valuations. But I believe it is a value trap. The company is an FCF bleeder, and this is expected to continue. Its dividends are funded by net debt issuances and its ROIC is below its cost of capital. TC Energy's debt portfolio is locked in at near all-time high interest rates heading into 2024 when rate cuts are expected. High debt servicing costs may be forcing asset sales. The company is pursuing asset sales as part of an aggressive deleveraging goal, but there may be some desperation in the selling, elevating value destruction risks. The value creation rationale for the spinoff of their Liquids business is unclear. Read the full article on Seeking Alpha
Seeking Alpha • Dec 08

TC Energy: Preferreds Offer Big Yields With Large Premium Over Debt

Summary TC Energy's plan to spin off its liquids division and focus on natural gas transportation has not exactly been well received. We examine the plan of action to see if they can make the required debt metrics. We tell which preferred shares offer a big yield in our outlook. Read the full article on Seeking Alpha
Seeking Alpha • Nov 08

With A 7.5% Yield, And An Upcoming Spinoff, TC Energy Is Attractive

Summary TC Energy is an attractive investment opportunity in the energy sector, with the spinoff and reorganization offering potential for high-yield stocks. The company's fundamentals, including revenue and EBITDA growth, make it a solid dividend growth stock with a track record of consecutive increases. TC Energy's focus on natural gas, electricity, and hydrogen presents growth opportunities, and its diversification across the energy value chain reduces risk. Read the full article on Seeking Alpha
Seeking Alpha • Oct 23

TC Energy Preferred Stocks: Better Than Any U.S. Preferred Stocks

Summary TC Energy (TRP) preferred stocks are investment grade rated BBB- by S&P with yields that are far superior to U.S. preferred stocks of similar quality. TRP-E (TRP.PR.E) and TRP-D (TRP.PR.E) are reset-rate preferred stocks that are set to have their yields take a huge jump in 2024 when the dividend is reset. At the current Canadian government’s 5 year note yield of 4.25%, TRP-E and TRP-D will reset to yields of 12.06% and 11.06% respectively with yields locked in for 5 years. TRP's preferred stock dividends are “qualified” (tax benefitted) and thus they will generate very large after tax yields. As their reset dates get nearer, I expect strong price upside for these preferred stocks generating a large total return on one’s investment. Read the full article on Seeking Alpha
Seeking Alpha • Oct 05

TC Energy: Not Every Falling Knife Is Worth Catching

Summary TC Energy Corporation investors have seen a significant decline in the stock after the company decided to separate its natural gas and liquids pipeline business. TRP has recently dropped below its July lows as sellers digested all the gains from its recent recovery. Questions must be asked whether the falling knife is worth catching. I assessed that TRP's stock metrics don't present a best-of-breed opportunity among the energy infrastructure plays. Investors must assess heightened execution risks from its business separation. With market conditions expected to remain challenging, given the surge in 10Y Treasury yields, TRP could find it hard to form a bottom. Read the full article on Seeking Alpha
Seeking Alpha • Sep 26

Why TC Energy Is A Better Buy Than Enbridge

Summary Enbridge Inc.’s recent acquisitions make it look more like TC Energy Corporation. We consider the prospects for Enbridge shares in a TC Energy-like business separation. Our analysis shows that TC Energy Corporation offers significantly greater upside potential than Enbridge. Read the full article on Seeking Alpha
Seeking Alpha • Sep 05

TC Energy: Growth Business Strategy And Attractive 7.5% Dividend Yield Make Stock Appealing

Summary TC Energy is a prominent energy infrastructure company operating in the US, Canada, and Mexico. The company's separated assets and infrastructures in various energy platforms make it prominent and well-positioned to meet future energy demand. TRP's financial outlook is positive, with a focus on generating adjusted EBITDA from regulated rates and long-term contracts, leading to improved cash flow and shareholder returns. Read the full article on Seeking Alpha
Seeking Alpha • Aug 16

TC Energy: A High Yield And Growing Dividend Pipeline Play

Summary TC Energy has experienced a significant drop in share price, which has made it look incredibly cheap. The company is undergoing changes, including sales and a split into two separate entities. Despite the challenges, TC Energy is expected to see growth in EBITDA and dividends, making it an attractive investment opportunity. Read the full article on Seeking Alpha
Seeking Alpha • Aug 03

It's The Best Time In 23 Years To Buy 8% Yielding TC Energy

Summary TC Energy Corporation's yield just hit a 23-year high of 8%, yet the dividend is very conservative and in 2025 TRP becomes a dividend aristocrat. TC Energy announced a spinoff and asset sale that will allow it to grow 7% over time, generating 15% long-term return potential, better than the Nasdaq but with an 8% yield. The company has a self-funding business model, an industry low 50% payout ratio, and the 2nd strongest credit rating in midstream. The bond market is betting millions that TRP will still be around and thriving in 2081, almost 60 years from now. TC Energy Corporation is 30% undervalued, offers 60% upside in the next 18 months, and has 150% total return potential in the next five years, almost 4X more than the S&P 500. Read the full article on Seeking Alpha
Seeking Alpha • Jul 27

TC Energy Shares Have Fallen Too Far (Rating Upgrade)

Summary Until now, we have recommended avoiding TC Energy Corporation shares due to ongoing operational and management issues. However, the shares have fallen to a point that overly discounts the company’s troubles and ignores its high-quality assets and growth prospects. We’re upgrading our rating to Buy with a $54 price target. Read the full article on Seeking Alpha
Seeking Alpha • Jun 26

TC Energy: High Yield And Exposure To The Energy Transition

Summary TC Energy Corporation is one of the largest midstream corporations in North America, boasting operations stretching from Canada to Mexico. The company makes the majority of its income from transporting and storing natural gas, which differentiates it from liquids-focused peers. The company promotes itself as a "sustainable energy" firm, but the majority of its growth spending is on natural gas pipelines. The company's debt level is a lot higher than we really want to see and is quite a bit higher than other Canadian midstream companies. The current 6.89% yield appears to be quite sustainable going forward. Read the full article on Seeking Alpha

이익 및 매출 성장 예측

NYSE:TRP - 애널리스트 향후 추정치 및 과거 재무 데이터 (CAD Millions)
날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수
12/31/202817,3704,8932,6678,74210
12/31/202716,7474,4652,6048,51412
12/31/202615,9724,0071,9548,49112
3/31/202615,4773,5333,7948,590N/A
12/31/202515,2393,6122,0607,346N/A
9/30/202514,6483,7221,9517,536N/A
6/30/202514,3024,2471,4397,531N/A
3/31/202513,8854,1896907,013N/A
12/31/202413,7714,1991,3387,696N/A
9/30/202411,7633,9816817,472N/A
6/30/202412,3452,4462947,381N/A
3/31/202412,8481,892-5497,236N/A
12/31/202313,2672,217-8817,268N/A
9/30/202315,739-81-7207,433N/A
6/30/202315,598957-6317,310N/A
3/31/202315,4051,596-4276,742N/A
12/31/202212,3098-3526,375N/A
9/30/202214,5203,206-1096,151N/A
6/30/202213,9613,1443046,162N/A
3/31/202213,5063,2301,1316,931N/A
12/31/202113,3871,8159666,890N/A
9/30/202113,1001,8217597,028N/A
6/30/202113,0551,9462137,099N/A
3/31/202112,9622,252-6617,001N/A
12/31/202012,9994,457-1,0777,058N/A
9/30/202012,9654,441-1,4326,945N/A
6/30/202012,9034,276-1,5696,747N/A
3/31/202013,1864,120-1,2586,856N/A
12/31/201913,2553,976N/A7,082N/A
9/30/201913,8963,960N/A7,295N/A
6/30/201913,9194,149N/A7,009N/A
3/31/201913,7423,809N/A7,092N/A
12/31/201813,6793,539N/A6,555N/A
9/30/201813,3923,308N/A5,906N/A
6/30/201813,4312,992N/A5,792N/A
3/31/201813,4663,088N/A5,340N/A
12/31/201713,4492,997N/A5,230N/A
9/30/201713,4931,778N/A5,415N/A
6/30/201713,9301,031N/A5,495N/A
3/31/201713,451515N/A5,290N/A
12/31/201612,547124N/A5,069N/A
9/30/201611,737-1,976N/A4,902N/A
6/30/201611,049-1,439N/A4,884N/A
3/31/201610,929-1,375N/A4,705N/A
12/31/201511,353-1,240N/A4,384N/A
9/30/201511,0651,676N/A3,715N/A
6/30/201510,5721,731N/A3,710N/A

애널리스트 향후 성장 전망

수입 대 저축률: TRP 의 연간 예상 수익 증가율(11.7%)이 saving rate(3.5%)보다 높습니다.

수익 vs 시장: TRP 의 연간 수익(11.7%)이 US 시장(16.8%)보다 느리게 성장할 것으로 예상됩니다.

고성장 수익: TRP 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.

수익 대 시장: TRP 의 수익(연간 4.6%)이 US 시장(연간 11.6%)보다 느리게 성장할 것으로 예상됩니다.

고성장 매출: TRP 의 수익(연간 4.6%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.

주당순이익 성장 예측

향후 자기자본이익률

미래 ROE: TRP의 자본 수익률은 3년 후 15.4%로 낮을 것으로 예상됩니다.

성장 기업 찾아보기

7D

1Y

7D

1Y

7D

1Y

기업 분석 및 재무 데이터 상태

데이터최종 업데이트 (UTC 시간)
기업 분석2026/05/20 09:22
종가2026/05/20 00:00
수익2026/03/31
연간 수익2025/12/31

데이터 소스

당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.

패키지데이터기간미국 소스 예시 *
기업 재무제표10년
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분석가 컨센서스 추정치+3년
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시장 가격30년
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  • 배당, 분할 및 기타 조치
지분 구조10년
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경영진10년
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주요 개발10년
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산업 및 섹터 지표

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분석가 소스

TC Energy Corporation는 44명의 분석가가 다루고 있습니다. 이 중 14명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.

분석가기관
Harshit GuptaAccountability Research Corporation
Nathan HeywoodATB Cormark
Christine ChoBarclays