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TC Energy NYSE:TRP Stock Report

Last Price

US$45.79

Market Cap

US$47.5b

7D

-1.5%

1Y

14.6%

Updated

22 Dec, 2024

Data

Company Financials +

TC Energy Corporation

NYSE:TRP Stock Report

Market Cap: US$47.5b

TRP Stock Overview

Operates as an energy infrastructure company in North America. More details

TRP fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance2/6
Financial Health1/6
Dividends5/6

Rewards

Price-To-Earnings ratio (13.4x) is below the US market (18.3x)

Became profitable this year

Risk Analysis

Interest payments are not well covered by earnings

Earnings are forecast to decline by an average of 2.3% per year for the next 3 years

Dividend of 5.63% is not well covered by free cash flows


My Notes

Capture your thoughts, links and company narrative

TC Energy Corporation Competitors

MPLX

NYSE:MPLX

US$48.2b

Energy Transfer

NYSE:ET

US$64.6b

ONEOK

NYSE:OKE

US$58.5b

Cheniere Energy

NYSE:LNG

US$46.9b

Price History & Performance

Summary of share price highs, lows and changes for TC Energy
Historical stock prices
Current Share PriceCA$45.79
52 Week HighCA$50.37
52 Week LowCA$34.95
Beta0.82
1 Month Change-8.14%
3 Month Change-2.80%
1 Year Change14.56%
3 Year Change-2.78%
5 Year Change-14.86%
Change since IPO772.19%

Recent News & Updates

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

Nov 27

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

Nov 12

Recent updates

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

Nov 27

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

Nov 12

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

Sep 25

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

Aug 29

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

Aug 22

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

Aug 15

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

Jul 02

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

May 08

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

Mar 20

TC Energy: Series 7 Preferred Shares Ready For Takeoff

Mar 07

TC Energy: Massive Q4 Beat And 3% Dividend Increase

Feb 16

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

Feb 01

TC Energy: May Be A Value Trap

Jan 11

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

Dec 08

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

Nov 08

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

Oct 23

TC Energy: Not Every Falling Knife Is Worth Catching

Oct 05

Why TC Energy Is A Better Buy Than Enbridge

Sep 26

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

Sep 05

TC Energy: A High Yield And Growing Dividend Pipeline Play

Aug 16

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

Aug 03

TC Energy Shares Have Fallen Too Far (Rating Upgrade)

Jul 27

TC Energy: High Yield And Exposure To The Energy Transition

Jun 26

TC Energy Has Substantial Catalysts

May 24

TC Energy lifts dividend by 3.3% to CAD 0.93/share

Feb 14

Better High-Yield Midstream Buy: Enbridge Or TC Energy?

Jan 19

TC Energy: Upcoming Earnings Call Should Be Key Catalyst

Jan 12

TC Energy: Buy The Drop On This High Yield

Dec 15

Shareholder Returns

TRPUS Oil and GasUS Market
7D-1.5%-5.1%-2.4%
1Y14.6%2.7%23.4%

Return vs Industry: TRP exceeded the US Oil and Gas industry which returned 2.6% over the past year.

Return vs Market: TRP underperformed the US Market which returned 23.3% over the past year.

Price Volatility

Is TRP's price volatile compared to industry and market?
TRP volatility
TRP Average Weekly Movement3.8%
Oil and Gas Industry Average Movement5.4%
Market Average Movement6.3%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.1%

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

Volatility Over Time: TRP's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19517,000Francois Poirierwww.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 capUS$47.52b
Earnings (TTM)US$3.54b
Revenue (TTM)US$11.58b

13.4x

P/E Ratio

4.1x

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)
RevenueCA$16.65b
Cost of RevenueCA$5.85b
Gross ProfitCA$10.80b
Other ExpensesCA$5.71b
EarningsCA$5.09b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)4.90
Gross Margin64.88%
Net Profit Margin30.55%
Debt/Equity Ratio178.9%

How did TRP perform over the long term?

See historical performance and comparison

Dividends

5.6%

Current Dividend Yield

78%

Payout Ratio

Does TRP pay a reliable dividends?

See TRP dividend history and benchmarks
When do you need to buy TRP by to receive an upcoming dividend?
TC Energy dividend dates
Ex Dividend DateDec 31 2024
Dividend Pay DateJan 31 2025
Days until Ex dividend9 days
Days until Dividend pay date40 days

Does TRP pay a reliable dividends?

See TRP dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 02:08
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

TC Energy Corporation is covered by 44 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Harshit GuptaAccountability Research Corporation
Nathan HeywoodATB Capital Markets
Theresa ChenBarclays