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

TRP.PR.A Stock Overview

Operates as an energy infrastructure company in North America.

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

Rewards

Trading at 1.1% below our estimate of its fair value

Earnings are forecast to grow 15.69% per year

Earnings grew by 70.4% over the past year

Risk Analysis

Interest payments are not well covered by earnings

Dividend of 7.4% is not well covered by earnings or cash flows

Large one-off items impacting financial results

TC Energy Corporation Competitors

Pembina Pipeline

TSX:PPL

CA$29.4b

Enbridge

TSX:ENB

CA$103.9b

Keyera

TSX:KEY

CA$8.7b

Gibson Energy

TSX:GEI

CA$3.8b

Price History & Performance

Summary of all time highs, changes and price drops for TC Energy
Historical stock prices
Current Share Price	CA$16.36
52 Week High	CA$17.14
52 Week Low	CA$12.62
Beta	0.77
11 Month Change	-2.79%
3 Month Change	3.74%
1 Year Change	19.68%
33 Year Change	-13.35%
5 Year Change	16.52%
Change since IPO	-34.56%

Recent updates

Shareholder Returns

	TRP.PR.A	CA Oil and Gas	CA Market
7D	6.2%	2.4%	1.5%
1Y	19.7%	17.6%	8.4%

Return vs Industry: TRP.PR.A exceeded the Canadian Oil and Gas industry which returned 17.7% over the past year.

Return vs Market: TRP.PR.A exceeded the Canadian Market which returned 8.4% over the past year.

Price Volatility

Is TRP.PR.A's price volatile compared to industry and market?
TRP.PR.A volatility
TRP.PR.A Average Weekly Movement	2.3%
Oil and Gas Industry Average Movement	6.5%
Market Average Movement	8.2%
10% most volatile stocks in CA Market	16.7%
10% least volatile stocks in CA Market	3.0%

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

Volatility Over Time: TRP.PR.A'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.PR.A fundamental statistics
Market cap	CA$53.80b
Earnings (TTM)	CA$2.72b
Revenue (TTM)	CA$16.25b

19.8x

P/E Ratio

3.3x

P/S Ratio

Is TRP.PR.A overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TRP.PR.A income statement (TTM)
Revenue	CA$16.25b
Cost of Revenue	CA$5.53b
Gross Profit	CA$10.72b
Other Expenses	CA$8.00b
Earnings	CA$2.72b

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	2.62
Gross Margin	65.94%
Net Profit Margin	16.73%
Debt/Equity Ratio	163.0%

How did TRP.PR.A perform over the long term?

See historical performance and comparison

Dividends

7.4%

Current Dividend Yield

143%

Payout Ratio

TRP.PR.A Stock Overview

Rewards

Risk Analysis

TC Energy Corporation Competitors

TSX:PPL

CA$29.4b

TSX:ENB

CA$103.9b

TSX:KEY

CA$8.7b

TSX:GEI

CA$3.8b

Price History & Performance

Recent News & Updates

TC Energy Corporation Approves Board Appointments

TC Energy Corporation to Appeal Delaware Court Rulings in Lawsuit Related to 2016 Columbia Pipeline Acquisition

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

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).

Recent updates

TC Energy Corporation Approves Board Appointments

TC Energy Corporation to Appeal Delaware Court Rulings in Lawsuit Related to 2016 Columbia Pipeline Acquisition

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

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).

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

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

TC Energy Corporation to Report Q3, 2023 Results on Nov 08, 2023

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

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

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

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

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

TC Energy Provides Coastal Gaslink Project Update

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

TC Energy Corporation Declares Dividend for the Quarter Ending December 31, 2022. Payable on January 31, 2023

TC Energy Corporation to Report Q3, 2022 Results on Nov 09, 2022

TC Energy Corporation has completed a Follow-on Equity Offering in the amount of CAD 1.8034 billion.

TC Energy Corporation Provides Earnings Guidance for the Year 2022

TC Energy Corporation to Report Q2, 2022 Results on Jul 28, 2022

TC Energy Corporation Appoints Cheryl Campbell as New Independent Director to the Board of Directors

TC Energy Corporation Approves Appointment of Dheeraj “D” Verma as Director

TC Energy Corporation to Report Q1, 2022 Results on Apr 29, 2022

TC Energy Corporation Declares Dividend for the quarter ending March 31, 2022, Payable on April 29, 2022

TC Energy Corporation Provides Earnings Guidance for 2021

TC Energy Corporation (TSX:TRP) completed the acquisition of 76.04% stake in TC PipeLines, LP (NYSE:TCP) (TCP) from Steel City Capital Investments, LLC, Energy Income Partners LLC and others.

Siemens Energy Signs an Agreement with TC Energy Corporation to Commission Novel Waste Heat-To-Power Pilot Installation in Alberta

TC Energy Corporation to Report Q4, 2020 Results on Feb 18, 2021

TC Energy Corporation (TSX:TRP) acquired remaining joint venture interest in TransCanada Turbines Ltd. from John Wood Group PLC (LSE:WG.) for $67 million.

TC Energy Awards More Than $1.6 billion in American Contracts to Build Keystone XL, Project to Create Over 8,000 Union Jobs in 2021

TC Energy Corporation to Report Q3, 2020 Results on Oct 29, 2020

TC Energy Corporation (TSX:TRP) made a non-binding offer to acquire 76.04% stake in TC PipeLines, LP (NYSE:TCP) for $1.5 billion.

TC Energy Corporation and Natural Law Energy Sign Historic MOU Facilitating One of the Largest Indigenous Equity Investments of Its Kind in North American Infrastructure

TC Energy Corporation Announces Executive Changes

TC Energy Corporation to Report Q2, 2020 Results on Jul 30, 2020