TC Energy
TC Energy Corporation operates as an energy infrastructure company in North America. The last earnings update was 46 days ago. More info.
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TRP Share Price and Events
7 Day Returns
1 Year Returns
TRP Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| TC Energy (TRP) | -0% | 0.7% | 8.6% | 16.5% | 15.3% | 30.1% |
| CA Oil and Gas | -0.2% | -5.8% | -6.5% | -14.5% | -13.7% | -39.4% |
| CA Market | 0.4% | -1% | -0.6% | -3% | 10.9% | 1.6% |
1 Year Return vs Industry and Market
- TRP outperformed the Oil and Gas industry which returned -14.5% over the past year.
- TRP outperformed the Market in Canada which returned -3% over the past year.
Value
Is TC Energy undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
TC Energy
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for TC Energy.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 14 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 9.8% |
| Perpetual Growth Rate | 10-Year CA Government Bond Rate | 1.9% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year CA Govt Bond Rate | 1.9% |
| Equity Risk Premium | S&P Global | 6% |
| Oil and Gas Unlevered Beta | Simply Wall St/ S&P Global | 0.91 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.911 (1 + (1- 26.5%) (83.65%)) |
1.316 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.32 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.316 * 5.96%) |
9.79% |
Discounted Cash Flow Calculation for TSX:TRP using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for TC Energy is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (CAD, Millions) | Source |
Present Value Discounted (@ 9.79%) |
|
|---|---|---|---|
| 2019 | 4,720.67 | Analyst x3 | 4,299.83 |
| 2020 | 5,082.00 | Analyst x3 | 4,216.28 |
| 2021 | 5,059.00 | Analyst x2 | 3,823.03 |
| 2022 | 5,484.00 | Analyst x1 | 3,774.74 |
| 2023 | 7,742.00 | Analyst x1 | 4,853.90 |
| 2024 | 8,567.47 | Est @ 10.66% | 4,892.58 |
| 2025 | 9,256.95 | Est @ 8.05% | 4,815.05 |
| 2026 | 9,832.50 | Est @ 6.22% | 4,658.48 |
| 2027 | 10,317.87 | Est @ 4.94% | 4,452.64 |
| 2028 | 10,734.66 | Est @ 4.04% | 4,219.52 |
| Present value of next 10 years cash flows | CA$44,006.03 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= CA$10,734.66 × (1 + 1.95%) ÷ (9.79% – 1.95%) |
CA$139,580.38 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= CA$139,580.38 ÷ (1 + 9.79%)10 |
CA$54,865.49 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= CA$44,006.03 + CA$54,865.49 |
CA$98,871.52 |
| Equity Value per Share (CAD) |
= Total value / Shares Outstanding
= CA$98,871.52 / 927.00 |
CA$106.66 |
| Calculation | Result | |
|---|---|---|
| Value per share (CAD) | From above. | CA$106.66 |
| Current discount | Discount to share price of
CA$65.99
= -1 x (CA$65.99 - CA$106.66) / CA$106.66 |
38.1% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- TC Energy's share price is below the future cash flow value, and at a moderate discount (> 20%).
- TC Energy's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for TC Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
TC Energy's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in CAD | CA$4.18 |
| TSX:TRP Share Price ** | TSX (2019-06-18) in CAD | CA$65.99 |
| Canada Oil and Gas Industry PE Ratio | Median Figure of 59 Publicly-Listed Oil and Gas Companies | 12.42x |
| Canada Market PE Ratio | Median Figure of 545 Publicly-Listed Companies | 15.01x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of TC Energy.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = TSX:TRP Share Price ÷ EPS (both in CAD) = 65.99 ÷ 4.18 |
15.78x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- TC Energy is overvalued based on earnings compared to the CA Oil and Gas industry average.
- TC Energy is overvalued based on earnings compared to the Canada market.
Price based on expected Growth
Does
TC Energy's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 15.78x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts |
1.1%per year |
| Canada Oil and Gas Industry PEG Ratio | Median Figure of 36 Publicly-Listed Oil and Gas Companies | 0.79x |
| Canada Market PEG Ratio | Median Figure of 248 Publicly-Listed Companies | 1.14x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 15.78x ÷ 1.1% |
14.74x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- TC Energy is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
TC Energy's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in CAD | CA$27.77 |
| TSX:TRP Share Price * | TSX (2019-06-18) in CAD | CA$65.99 |
| Canada Oil and Gas Industry PB Ratio | Median Figure of 224 Publicly-Listed Oil and Gas Companies | 0.78x |
| Canada Market PB Ratio | Median Figure of 2,414 Publicly-Listed Companies | 1.41x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = TSX:TRP Share Price ÷ Book Value per Share (both in CAD) = 65.99 ÷ 27.77 |
2.38x |
* Primary Listing of TC Energy.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- TC Energy is overvalued based on assets compared to the CA Oil and Gas industry average.
Value checks
We assess TC Energy's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check) TC Energy has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
How is TC Energy expected to perform in the next 1 to 3 years based on estimates from 14 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- TC Energy's earnings growth is positive but not above the low risk savings rate of 1.9%.
Growth vs Market Checks
- TC Energy's earnings growth is positive but not above the Canada market average.
- TC Energy's revenue growth is positive but not above the Canada market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| TSX:TRP Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts | 1.1% |
| TSX:TRP Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts | 5% |
| Canada Oil and Gas Industry Earnings Growth Rate | Market Cap Weighted Average | 7.8% |
| Canada Oil and Gas Industry Revenue Growth Rate | Market Cap Weighted Average | 4.4% |
| Canada Market Earnings Growth Rate | Market Cap Weighted Average | 14.6% |
| Canada Market Revenue Growth Rate | Market Cap Weighted Average | 6% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 14 Analyst Estimates (S&P Global) | See Below |
| Date (Data in CAD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 18,098 | 7,223 | 1 | |
| 2022-12-31 | 17,207 | 7,145 | 1 | |
| 2021-12-31 | 15,273 | 7,603 | 4 | |
| 2020-12-31 | 15,059 | 7,385 | 3,859 | 9 |
| 2019-12-31 | 14,380 | 7,198 | 3,806 | 9 |
| Date (Data in CAD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 13,742 | 7,092 | 3,809 |
| 2018-12-31 | 13,679 | 6,555 | 3,539 |
| 2018-09-30 | 13,392 | 5,906 | 3,308 |
| 2018-06-30 | 13,431 | 5,792 | 2,992 |
| 2018-03-31 | 13,466 | 5,340 | 3,088 |
| 2017-12-31 | 13,449 | 5,230 | 2,997 |
| 2017-09-30 | 13,493 | 5,415 | 1,778 |
| 2017-06-30 | 13,930 | 5,495 | 1,031 |
| 2017-03-31 | 13,451 | 5,290 | 515 |
| 2016-12-31 | 12,547 | 5,069 | 124 |
| 2016-09-30 | 11,737 | 4,902 | -1,976 |
| 2016-06-30 | 11,049 | 4,884 | -1,439 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 14 Analyst Estimates (S&P Global) | See Below |
All data from TC Energy Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CAD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | ||||
| 2021-12-31 | 4.06 | 4.06 | 4.06 | 1.00 |
| 2020-12-31 | 4.14 | 4.31 | 3.97 | 7.00 |
| 2019-12-31 | 4.09 | 4.23 | 4.01 | 5.00 |
| Date (Data in CAD Millions) | EPS * |
|---|---|
| 2019-03-31 | 4.18 |
| 2018-12-31 | 3.92 |
| 2018-09-30 | 3.70 |
| 2018-06-30 | 3.38 |
| 2018-03-31 | 3.52 |
| 2017-12-31 | 3.44 |
| 2017-09-30 | 2.07 |
| 2017-06-30 | 1.23 |
| 2017-03-31 | 0.64 |
| 2016-12-31 | 0.16 |
| 2016-09-30 | -2.72 |
| 2016-06-30 | -2.04 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess TC Energy's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
TC Energy has a total score of 0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has TC Energy performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- TC Energy has delivered over 20% year on year earnings growth in the past 5 years.
- TC Energy's 1-year earnings growth exceeds its 5-year average (23.3% vs 22.8%)
- TC Energy's earnings growth has exceeded the CA Oil and Gas industry average in the past year (23.3% vs 11.1%).
Earnings and Revenue History
All data from TC Energy Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CAD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 13,742.00 | 3,809.00 | ||
| 2018-12-31 | 13,679.00 | 3,539.00 | ||
| 2018-09-30 | 13,392.00 | 3,308.00 | ||
| 2018-06-30 | 13,431.00 | 2,992.00 | ||
| 2018-03-31 | 13,466.00 | 3,088.00 | ||
| 2017-12-31 | 13,449.00 | 2,997.00 | ||
| 2017-09-30 | 13,493.00 | 1,778.00 | ||
| 2017-06-30 | 13,930.00 | 1,031.00 | ||
| 2017-03-31 | 13,451.00 | 515.00 | ||
| 2016-12-31 | 12,547.00 | 124.00 | ||
| 2016-09-30 | 11,737.00 | -1,976.00 | ||
| 2016-06-30 | 11,049.00 | -1,439.00 | ||
| 2016-03-31 | 10,929.00 | -1,375.00 | ||
| 2015-12-31 | 11,353.00 | -1,240.00 | ||
| 2015-09-30 | 11,065.00 | 1,676.00 | ||
| 2015-06-30 | 10,572.00 | 1,731.00 | ||
| 2015-03-31 | 10,175.00 | 1,718.00 | ||
| 2014-12-31 | 10,185.00 | 1,743.00 | ||
| 2014-09-30 | 9,901.00 | 1,705.00 | ||
| 2014-06-30 | 9,654.00 | 1,729.00 | ||
| 2014-03-31 | 9,429.00 | 1,678.00 | ||
| 2013-12-31 | 8,797.00 | 1,712.00 | ||
| 2013-09-30 | 8,554.00 | 1,598.00 | ||
| 2013-06-30 | 8,476.00 | 1,486.00 | ||
| 2013-03-31 | 8,314.00 | 1,393.00 | ||
| 2012-12-31 | 8,007.00 | 1,299.00 | ||
| 2012-09-30 | 7,933.00 | 1,369.00 | ||
| 2012-06-30 | 7,850.00 | 1,386.00 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- TC Energy has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- TC Energy used its assets more efficiently than the CA Oil and Gas industry average last year based on Return on Assets.
- TC Energy has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess TC Energy's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
TC Energy has a total score of 5/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is TC Energy's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up TC Energy's finances.
The net worth of a company is the difference between its assets and liabilities.
- TC Energy's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- TC Energy's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from TC Energy Company Filings, last reported 2 months ago.
| Date (Data in CAD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 31,297.00 | 51,172.00 | 1,171.00 |
| 2018-12-31 | 30,993.00 | 50,256.00 | 1,166.00 |
| 2018-09-30 | 29,937.00 | 47,635.00 | 1,459.00 |
| 2018-06-30 | 29,316.00 | 47,047.00 | 1,806.00 |
| 2018-03-31 | 28,180.00 | 45,246.00 | 1,395.00 |
| 2017-12-31 | 26,891.00 | 43,516.00 | 1,412.00 |
| 2017-09-30 | 26,284.00 | 43,600.00 | 1,704.00 |
| 2017-06-30 | 26,358.00 | 43,326.00 | 1,803.00 |
| 2017-03-31 | 26,239.00 | 46,208.00 | 1,294.00 |
| 2016-12-31 | 25,983.00 | 44,858.00 | 1,380.00 |
| 2016-09-30 | 23,217.00 | 48,908.00 | 2,592.00 |
| 2016-06-30 | 18,315.00 | 43,616.00 | 2,139.00 |
| 2016-03-31 | 17,836.00 | 35,041.00 | 1,750.00 |
| 2015-12-31 | 18,155.00 | 35,089.00 | 1,181.00 |
| 2015-09-30 | 21,225.00 | 33,122.00 | 755.00 |
| 2015-06-30 | 20,963.00 | 30,966.00 | 590.00 |
| 2015-03-31 | 21,209.00 | 31,931.00 | 1,821.00 |
| 2014-12-31 | 20,653.00 | 28,390.00 | 854.00 |
| 2014-09-30 | 20,934.00 | 27,002.00 | 698.00 |
| 2014-06-30 | 20,517.00 | 25,702.00 | 567.00 |
| 2014-03-31 | 20,561.00 | 26,348.00 | 749.00 |
| 2013-12-31 | 20,136.00 | 25,770.00 | 927.00 |
| 2013-09-30 | 19,763.00 | 23,753.00 | 645.00 |
| 2013-06-30 | 19,646.00 | 23,649.00 | 746.00 |
| 2013-03-31 | 19,161.00 | 22,415.00 | 513.00 |
| 2012-12-31 | 18,336.00 | 22,182.00 | 551.00 |
| 2012-09-30 | 18,411.00 | 21,422.00 | 494.00 |
| 2012-06-30 | 18,330.00 | 21,884.00 | 490.00 |
- TC Energy's level of debt (161.7%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (128.1% vs 161.7% today).
- Debt is not well covered by operating cash flow (14%, less than 20% of total debt).
- Interest payments on debt are not well covered by earnings (EBIT is 2.7x annual interest expense, ideally 3x coverage).
Financial health checks
We assess TC Energy's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) TC Energy has a total score of 0/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is TC Energy's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
CA$2,000 of
TC Energy
shares you are expected to receive
CA$91
in your first year as a dividend.
Dividend Amount
- TC Energy's pays a higher dividend yield than the bottom 25% of dividend payers in Canada (2.13%).
- TC Energy's dividend is below the markets top 25% of dividend payers in Canada (5.77%).
Upcoming dividend payment
Purchase TC Energy before the 'Buy Limit' to receive their next dividend payment.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 14 Analyst Estimates (S&P Global) | See Below |
| Canada Oil and Gas Industry Average Dividend Yield | Market Cap Weighted Average of 37 Stocks | 4.7% |
| Canada Market Average Dividend Yield | Market Cap Weighted Average of 335 Stocks | 3.6% |
| Canada Minimum Threshold Dividend Yield | 10th Percentile | 1.2% |
| Canada Bottom 25% Dividend Yield | 25th Percentile | 2.1% |
| Canada Top 25% Dividend Yield | 75th Percentile | 5.8% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in CA$) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | 4.04 | 2.00 |
| 2022-12-31 | 3.77 | 2.00 |
| 2021-12-31 | 3.53 | 11.00 |
| 2020-12-31 | 3.23 | 18.00 |
| 2019-12-31 | 2.98 | 18.00 |
| Date (Data in CA$) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-05-03 | 3.000 | 4.614 |
| 2019-02-14 | 3.000 | 4.930 |
| 2018-11-01 | 2.760 | 5.181 |
| 2018-08-02 | 2.760 | 5.073 |
| 2018-04-27 | 2.760 | 4.931 |
| 2018-02-15 | 2.760 | 5.029 |
| 2017-11-09 | 2.500 | 4.165 |
| 2017-07-28 | 2.500 | 4.013 |
| 2017-05-05 | 2.500 | 3.958 |
| 2017-02-16 | 2.500 | 4.013 |
| 2016-11-01 | 2.260 | 3.715 |
| 2016-07-28 | 2.260 | 3.686 |
| 2016-02-11 | 2.260 | 4.270 |
| 2015-07-31 | 2.080 | 4.644 |
| 2015-05-01 | 2.080 | 3.990 |
| 2015-02-13 | 2.080 | 3.756 |
| 2014-11-04 | 1.920 | 3.459 |
| 2014-07-31 | 1.920 | 3.405 |
| 2014-05-02 | 1.920 | 3.707 |
| 2014-02-20 | 1.920 | 3.827 |
| 2013-11-05 | 1.840 | 3.846 |
| 2013-07-26 | 1.840 | 4.007 |
| 2013-04-26 | 1.840 | 3.872 |
| 2013-02-12 | 1.840 | 3.791 |
| 2012-10-30 | 1.760 | 3.775 |
| 2012-07-27 | 1.760 | 3.918 |
| 2012-04-27 | 1.760 | 4.102 |
| 2012-02-14 | 1.760 | 4.084 |
| 2011-11-01 | 1.680 | 3.982 |
| 2011-07-28 | 1.680 | 4.042 |
| 2011-04-29 | 1.680 | 4.046 |
| 2011-02-15 | 1.680 | 4.301 |
| 2010-11-03 | 1.600 | 4.296 |
| 2010-07-29 | 1.600 | 4.244 |
| 2010-04-30 | 1.600 | 4.448 |
| 2010-02-23 | 1.600 | 4.355 |
| 2009-11-04 | 1.520 | 4.416 |
| 2009-07-30 | 1.520 | 4.677 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
TC Energy's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are covered by earnings (1.5x coverage).
- Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
Income/ dividend checks
We assess TC Energy's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can TC Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) TC Energy has a total score of 5/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | CA$12,502,397 |
| AGE | 55 |
| TENURE AS CEO | 8.9 years |
CEO Bio
Mr. Russell K. Girling, also known as Russ, B. Comm., M.B.A. (Finance) has been the Chief Executive Officer and President of TransCanada Corporation and TransCanada PipeLines Limited since July 1, 2010 and has been Director of Nutrien Ltd. since January 01, 2018. Mr. Girling has been Director of Potash Corporation of Saskatchewan, Inc. since January 01, 2018. He serves as the Chief Financial Officer, Executive Vice President and Treasurer of Nova Gas Transmission Ltd. He served as the Chief Financial Officer of Gas Transmission Northwest LLC. He served as the Chief Executive Officer of TC PipeLines GP Inc., a General Partner of TC PipeLines, LP from June 1, 2006 to June 30, 2010, President from June 2006 to January 18, 2007 and Chief Financial Officer since April 1999. He served as the Chief Operating Officer of TransCanada Corp. and TransCanada PipeLines Limited since July 17, 2009 until June 30, 2010. He served as President of Pipelines Division for Transcanada Corporation and TCPL since May 30, 2006 until June 30, 2010. Until 2001, he served as President of TransCanada Gas Services and was responsible for its ultimate disposition. Mr. Girling served as an Executive Vice President of Corporate Development and Chief Financial Officer of TransCanada Corp. from March 2003 to May 30, 2006. He served as the Chief Financial Officer of TransCanada Power Services Ltd., the General Partner of Transcanada Power LP. He served as the Chief Financial Officer for TransCanada PipeLines Limited from March 2003 to June 2006 and also served as its Executive Vice President until June 2006. From July 1999 to June 2000, Mr. Girling served as Senior Vice President and Chief Financial Officer of TransCanada. From January 1999 to July 1999, he served as Vice President of Finance of TransCanada. From July 1998 to January 1999, he served as an Executive Vice President of Power of TransCanada Energy Ltd. In 1995 Mr. Girling was appointed Executive Vice-President, Power where he had overall responsibility for the creation and management of the TransCanada subsidiary, TransCanada Power, including the creation of TransCanada Power, L.P. From October 1995 to July 1998, Mr. Girling served as a Senior Vice President of North American Power of TransCanada Energy Ltd. Mr. Girling served as an Executive Vice President and Chief Financial Officer of Transcanada Corp. from June 2000 to March 2003. From January 1999 to September 1999, he served as Vice President of Finance. He served as Executive Vice President of Power at TransCanada from 1995 to 1999. Prior to joining TransCanada in 1994, Mr. Girling held several marketing and management positions at Suncor Inc., Northridge Petroleum Marketing and Dome Petroleum. Prior to July 1998, he served as Senior Vice President of North American Power at TransCanada Energy. Mr. Girling served as the Chairman of TC PipeLines GP Inc. since January 18, 2007. He served as the Chairman of TransCanada Power Services Ltd., the General Partner of Transcanada Power LP. He served as the Chairman of TransCanada Power, L.P. Mr. Girling has been a Director of TransCanada Corp and TransCanada PipeLines Limited. since July 2010. Mr. Girling has been a Director of NOVA Gas Transmission Ltd., since August 1, 1999. He served as a Director of TC PipeLines GP Inc. since April 1999. Mr. Girling serves as a Director of Transcanada Power LP. He was a Director at Agrium Inc. since May 9, 2006 until 2018. He was the 2012 City of Calgary and area Co-Chair of the United Way campaign. He serves as a Director of the Willow Park Charity Golf Classic and was a Member of the United Way Campaign from 2002 to 2004. Mr. Girling also serves as a Director of Alberta Childrens Hospital Foundation. He served as a Director of TransCanada Power Services Ltd., General Partner of EPCOR Power L.P. His Key skills and experience includes: Mining, Energy & Exploration, Distribution and Public Policy & External Relations. He served as a Director of Bruce Power Inc. He served as a Director of the Power Pool of Alberta and Junior Achievement. He is the former Chairman of the Interstate Natural Gas Association of America (INGAA) and the Natural Gas Council (NGC). He is also a member of the Canadian Council of Chief Executives, the U.S. National Petroleum Council and U.S. Business Roundtable. He served as a Director of the Canadian Energy Pipeline Association (CEPA). He was a 1998/1999 recipient of Canada’s Top 40 Under 40 Award for leadership excellence for Canadians under the age of 40. In 2008 he was the recipient of the Haskayne School of Business Management Alumni Excellence (MAX) Award. He is a member of the Board of Directors of the American Petroleum Institute and the Business Council of Canada. Mr. Girling holds a Bachelor of Commerce degree and a Master of Business Administration in Finance from the University of Calgary.
CEO Compensation
- Russ's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
- Russ's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure
Average tenure and age of the TC Energy management team in years:
- The average tenure for the TC Energy management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Russ Girling
President
CA$13M
55
8.9 yrs
Don Marchand
Executive VP & CFO
CA$4M
55
8.9 yrs
Paul Miller
Executive VP of Technical Centre & President of Liquids Pipelines
CA$3M
59
5.3 yrs
Stan Chapman
Executive VP & President of U.S. Natural Gas Pipelines
CA$3M
52
David Moneta
Vice President of Investor Relations
Patrick Keys
Executive VP of Stakeholder Relations & General Counsel
0.4 yrs
Francois Poirier
Executive VP - Corporate Development & Strategy and President - Power & Storage and Mexico
52
2.3 yrs
Joel Hunter
Senior Vice President of Capital Markets
51
Wendy Hanrahan
Executive Vice President of Corporate Services
CA$2M
60
8.1 yrs
Shawn Patterson
Senior Vice President of Operations - U.S. Natural Gas Pipelines
44
2.9 yrs
Board of Directors Tenure
Average tenure and age of the TC Energy board of directors in years:
- The tenure for the TC Energy board of directors is about average.
Board of Directors
Siim Vanaselja
Chairman of the Board
CA$502K
61
2.1 yrs
Russ Girling
President
CA$13M
55
8.9 yrs
Donald Michael Stewart
Independent Director
CA$249K
66
13.4 yrs
John Lowe
Independent Director
CA$351K
59
3.8 yrs
S. Jackson
Independent Director
CA$243K
65
17.4 yrs
Mary Salomone
Independent Director
CA$319K
58
6.3 yrs
Indira Samarasekera
Independent Director
CA$244K
65
3.2 yrs
Stéphan Crétier
Independent Director
CA$243K
54
2.3 yrs
Thierry Vandal
Independent Director
CA$317K
57
1.6 yrs
Randy Limbacher
Independent Director
CA$178K
60
1 yrs
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by TC Energy insiders in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (CA$) | Value (CA$) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 10. Jun 19 | Buy | Christopher Foster | Individual | 07. Jun 19 | 07. Jun 19 | 171 | CA$66.04 | CA$11,293 | ||
| 31. May 19 | Buy | Stephanie Wilson | Individual | 30. May 19 | 30. May 19 | 860 | CA$65.56 | CA$56,375 | ||
| 16. May 19 | Buy | Jennifer Pierce | Individual | 16. May 19 | 16. May 19 | 1,769 | CA$64.33 | CA$113,800 | ||
| 16. May 19 | Buy | Christopher Foster | Individual | 25. Mar 19 | 25. Mar 19 | 827 | CA$60.41 | CA$49,959 | ||
| 16. May 19 | Buy | Robert Jacobucci | Individual | 16. May 19 | 16. May 19 | 500 | CA$64.84 | CA$32,420 | ||
| 09. May 19 | Buy | Wendy Hanrahan | Individual | 09. May 19 | 09. May 19 | 8,040 | CA$63.18 | CA$507,991 | ||
| 01. Apr 19 | Buy | Robert Jacobucci | Individual | 29. Mar 19 | 29. Mar 19 | 1,675 | CA$59.66 | CA$99,923 | ||
| 28. Mar 19 | Buy | Jasmin Bertovic | Individual | 28. Mar 19 | 28. Mar 19 | 300 | CA$59.92 | CA$17,975 | ||
| 27. Mar 19 | Buy | Jasmin Bertovic | Individual | 27. Mar 19 | 27. Mar 19 | 100 | CA$60.71 | CA$6,071 | ||
| 25. Mar 19 | Buy | Christine Johnston | Individual | 22. Mar 19 | 22. Mar 19 | 2,500 | CA$60.40 | CA$151,000 | ||
| 21. Mar 19 | Buy | Charles Moran | Individual | 21. Mar 19 | 21. Mar 19 | 1,133 | CA$60.74 | CA$68,817 | ||
| 19. Mar 19 | Buy | Charles Moran | Individual | 19. Mar 19 | 19. Mar 19 | 1,100 | CA$60.67 | CA$66,738 | ||
| 13. Mar 19 | Sell | Robert Jacobucci | Individual | 19. Feb 19 | 19. Feb 19 | -807 | CA$56.85 | CA$-45,878 | ||
| 06. Mar 19 | Sell | Eric Tatarchuk | Individual | 02. Mar 19 | 02. Mar 19 | -1,774 | CA$60.00 | CA$-106,440 | ||
| 04. Mar 19 | Buy | Christine Johnston | Individual | 04. Mar 19 | 04. Mar 19 | 725 | CA$59.73 | CA$43,304 | ||
| 27. Feb 19 | Buy | Stanley Chapman | Individual | 26. Feb 19 | 26. Feb 19 | 12,400 | CA$44.89 | CA$556,686 | ||
| 25. Feb 19 | Sell | David Kohlenberg | Individual | 22. Feb 19 | 22. Feb 19 | -16,561 | CA$58.64 | CA$-968,867 | ||
| 22. Feb 19 | Sell | Fareen Sunderji | Individual | 19. Feb 19 | 19. Feb 19 | -130 | CA$56.78 | CA$-7,381 | ||
| 21. Feb 19 | Sell | David Pfeiffer | Individual | 20. Feb 19 | 20. Feb 19 | -680 | CA$56.89 | CA$-38,685 | ||
| 21. Feb 19 | Buy | Wendy Hanrahan | Individual | 19. Feb 19 | 19. Feb 19 | 775 | CA$56.97 | CA$44,120 | ||
| 20. Feb 19 | Buy | Robert Jacobucci | Individual | 19. Feb 19 | 20. Feb 19 | 1,935 | CA$57.28 | CA$109,941 | ||
| 20. Dec 18 | Sell | Mark Yeomans | Individual | 19. Dec 18 | 19. Dec 18 | -75 | CA$52.84 | CA$-3,963 | ||
| 19. Dec 18 | Buy | Richard Prior | Individual | 17. Dec 18 | 17. Dec 18 | 1,270 | CA$52.86 | CA$67,136 | ||
| 19. Dec 18 | Buy | Tracy Robinson | Individual | 18. Dec 18 | 18. Dec 18 | 1,000 | CA$51.30 | CA$51,300 | ||
| 11. Dec 18 | Buy | Tracy Robinson | Individual | 10. Dec 18 | 10. Dec 18 | 1,600 | CA$52.75 | CA$84,400 | ||
| 03. Dec 18 | Buy | Norrie Ramsay | Individual | 23. Nov 18 | 23. Nov 18 | 370 | CA$52.87 | CA$19,562 | ||
| 18. Nov 18 | Sell | Penny Favel | Individual | 15. Nov 18 | 15. Nov 18 | -240 | CA$51.97 | CA$-12,473 | ||
| 18. Nov 18 | Buy | Norrie Ramsay | Individual | 13. Nov 18 | 13. Nov 18 | 490 | CA$51.19 | CA$25,083 | ||
| 13. Nov 18 | Buy | Richard Prior | Individual | 13. Nov 18 | 13. Nov 18 | 1,300 | CA$51.45 | CA$66,891 | ||
| 08. Nov 18 | Buy | Charles Moran | Individual | 07. Nov 18 | 07. Nov 18 | 1,400 | CA$51.44 | CA$72,019 | ||
| 07. Nov 18 | Buy | Richard Prior | Individual | 07. Nov 18 | 07. Nov 18 | 1,250 | CA$51.98 | CA$64,975 | ||
| 06. Nov 18 | Buy | Charles Moran | Individual | 05. Nov 18 | 05. Nov 18 | 880 | CA$51.28 | CA$45,122 | ||
| 24. Sep 18 | Sell | Mark Yeomans | Individual | 20. Sep 18 | 20. Sep 18 | -167 | CA$54.06 | CA$-9,028 | ||
| 21. Sep 18 | Buy | Norrie Ramsay | Individual | 17. Sep 18 | 19. Sep 18 | 706 | CA$54.72 | CA$38,459 | ||
Management checks
We assess TC Energy's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) TC Energy has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
Are Investors Undervaluing TC Energy Corporation (TSE:TRP) By 38%?
In this article we are going to estimate the intrinsic value of TC Energy Corporation (TSE:TRP) by taking the expected future cash flows and discounting them to their present value. … A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we discount the value of these future cash flows to their estimated value in today's dollars: 10-year free cash flow (FCF) forecast 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF (CA$, Millions) CA$4.72k CA$5.08k CA$4.62k CA$5.48k CA$7.74k CA$8.62k CA$9.36k CA$9.98k CA$10.49k CA$10.94k Growth Rate Estimate Source Analyst x3 Analyst x3 Analyst x1 Analyst x1 Analyst x1 Est @ 11.39% Est @ 8.55% Est @ 6.57% Est @ 5.18% Est @ 4.21% Present Value (CA$, Millions) Discounted @ 9.76% CA$4.30k CA$4.22k CA$3.50k CA$3.78k CA$4.86k CA$4.93k CA$4.88k CA$4.73k CA$4.54k CA$4.31k Present Value of 10-year Cash Flow (PVCF)= CA$44.04b "Est" = FCF growth rate estimated by Simply Wall St After calculating the present value of future cash flows in the intial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. … TSX:TRP Intrinsic value, June 10th 2019 Important assumptions We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows.
Simply Wall St - – Full articleWhat Kind Of Shareholder Owns Most TC Energy Corporation (TSE:TRP) Stock?
Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … We also tend to see lower insider ownership in companies that were previously publicly owned. … Taking a look at our data on the ownership groups (below), it's seems that.
Simply Wall St - – Full articleHow TransCanada Corporation (TSE:TRP) Could Add Value To Your Portfolio
TransCanada Corporation (TSE:TRP) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … dividend-paying company
Simply Wall St - – Full articleIs TransCanada Corporation's (TSE:TRP) CEO Paid At A Competitive Rate?
First, this article will compare CEO compensation with compensation at other large companies. … How Does Russ Girling's Compensation Compare With Similar Sized Companies. … According to our data, TransCanada Corporation has a market capitalization of CA$57b, and pays its CEO total annual compensation worth CA$13m.
Simply Wall St - – Full articleShould TransCanada Corporation (TSE:TRP) Be Part Of Your Portfolio?
A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. … Does TransCanada tick all the boxes of a great dividend stock? … 5 questions to ask before buying a dividend stock
Simply Wall St - – Full articleCan TransCanada Corporation's (TSE:TRP) ROE Continue To Surpass The Industry Average?
This article is for those who would like to learn about Return On Equity (ROE). … That means that for every CA$1 worth of shareholders' equity, it generated CA$0.11 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleCan You Imagine How TransCanada's Shareholders Feel About The 21% Share Price Increase?
For example, long term TransCanada Corporation (TSE:TRP) shareholders have enjoyed a 21% share price rise over the last half decade, well in excess of the market return of around 4.9% (not including dividends). … One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. … During the five years of share price growth, TransCanada moved from a loss to profitability.
Simply Wall St - – Full articleDo You Know What TransCanada Corporation's (TSE:TRP) P/E Ratio Means?
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … Based on the last twelve months, TransCanada's P/E ratio is 14.46. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleWhy We Like TransCanada Corporation’s (TSE:TRP) 6.3% Return On Capital Employed
Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.
Simply Wall St - – Full articleTransCanada Corporation (TSE:TRP): Is It A Smart Long Term Opportunity?
In September 2018, TransCanada Corporation (TSE:TRP) announced its earnings update. … analyst consensus outlook appear cautiously subdued, … the higher past 5-year average growth rate of 8.4%
Simply Wall St - – Full articleCompany Info
Description
TC Energy Corporation operates as an energy infrastructure company in North America. It operates through Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, and Energy segments. The company transports natural gas to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, and other businesses. It owns and operates wholly-owned natural gas pipelines of 81,500 kilometers and partially-owned natural gas pipelines of 11,100 kilometers; and regulated natural gas storage facilities with a total working gas capacity of 535 billion cubic feet. The company also owns and manages midstream assets that provide natural gas producer services, including gathering, treatment, conditioning, processing, and liquids handling with a focus on the Appalachian Basin. In addition, it owns and operates liquids pipelines infrastructure for the transportation of Alberta crude oil supplies to the refining markets in Illinois, Oklahoma, and the U.S. Gulf Coast, as well as U.S. crude oil supplies from the market hub at Cushing, Oklahoma to the U.S. Gulf Coast. Further, the company operates 10 power generation facilities with a power generation capacity of 6,615 megawatt powered by natural gas and nuclear fuel sources located in Alberta, Ontario, Québec, New Brunswick, and Arizona; and owns and operates approximately 118 billion cubic feet of unregulated natural gas storage capacity in Alberta. The company was formerly known as TransCanada Corporation and changed its name to TC Energy Corporation in May 2019. TC Energy Corporation was founded in 1951 and is headquartered in Calgary, Canada.
Details
| Name: | TC Energy Corporation |
| TRP | |
| Exchange: | TSX |
| Founded: | 1951 |
| CA$61,172,730,000 | |
| 927,000,000 | |
| Website: | http://www.tcenergy.com |
| Address: |
TC Energy Corporation 450 - 1 Street SW, Calgary, Alberta, T2P 5H1, Canada |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| TSX | TRP | Common Shares | The Toronto Stock Exchange | CA | CAD | 11. Dec 1973 | |
| NYSE | TRP | Common Shares | New York Stock Exchange | US | USD | 11. Dec 1973 | |
| DB | TRS | Common Shares | Deutsche Boerse AG | DE | EUR | 11. Dec 1973 | |
| DUSE | TRS | Common Shares | Dusseldorf Stock Exchange | DE | EUR | 11. Dec 1973 | |
| TSX | TRP.PRF | CUM 1ST PFD SR 2 | The Toronto Stock Exchange | CA | CAD | 02. Jan 2015 | |
| TSX | TRP.PRA | PFD SHS SER 1 | The Toronto Stock Exchange | CA | CAD | 30. Sep 2009 | |
| TSX | TRP.PRK | CUM RED PFD 15 | The Toronto Stock Exchange | CA | CAD | 21. Nov 2016 | |
| TSX | TRP.PRJ | 1ST PFD SER 13 | The Toronto Stock Exchange | CA | CAD | 21. Apr 2016 | |
| TSX | TRP.PRC | 1ST PFD SER 5 | The Toronto Stock Exchange | CA | CAD | 29. Jun 2010 | |
| TSX | TRP.PRB | PFD SHS SER 3 | The Toronto Stock Exchange | CA | CAD | 11. Mar 2010 | |
| OTCPK | TNCA.F | CUM 1ST PFD SR 2 | Pink Sheets LLC | US | USD | 02. Jan 2015 | |
| OTCPK | TCAN.F | 1ST PFD SER 5 | Pink Sheets LLC | US | USD | 29. Jun 2010 |
Number of employees
Current staff
Industry
| Oil and Gas Storage and Transportation | |
| Energy |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/06/18 23:44 |
| End of day share price update: | 2019/06/18 00:00 |
| Last estimates confirmation: | 2019/06/17 |
| Last earnings filing: | 2019/05/03 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
