TSX:TRPOil and Gas
TC Energy (TSX:TRP) Stock Faces Dividend Strain Despite Stronger Cash Flow
TC Energy stock came into this earnings print looking fully priced to many investors, trading at a P/E of 26.9x with the share price at CA$94.40 and trailing returns over the past week in decline. The headline from the quarter is simple. The pipes and power assets produced solid cash generation, but the key question is how comfortably that supports a balance sheet where interest costs and the dividend already stretch earnings.
Comparable earnings power looked healthy, yet the company still...