TC Energy Future Growth

Future criteria checks 2/6

TC Energy is forecast to grow earnings and revenue by 15.8% and 5.2% per annum respectively. EPS is expected to grow by 15.8% per annum. Return on equity is forecast to be 15.2% in 3 years.

Key information

15.8%

Earnings growth rate

15.8%

EPS growth rate

Oil and Gas earnings growth	3.9%
Revenue growth rate	5.2%
Future return on equity	15.2%
Analyst coverage	Good
Last updated	03 May 2024

Recent future growth updates

Recent updates

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

TC Energy Q3 2022 Earnings Preview

Nov 08

TC Energy: A Great 6% Yield From This Energy Giant

Sep 19

TC Energy declares CAD 0.90 dividend

Jul 28

Earnings and Revenue Growth Forecasts

NYSE:TRP - Analysts future estimates and past financials data (CAD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	18,246	5,103	2,966	9,172	4
12/31/2025	17,042	4,597	1,971	8,463	8
12/31/2024	16,334	4,360	-505	8,080	7
3/31/2024	16,315	2,719	-549	7,236	N/A
12/31/2023	15,934	2,829	-881	7,268	N/A
9/30/2023	13,732	-81	-720	7,433	N/A
6/30/2023	14,852	957	-631	7,310	N/A
3/31/2023	15,405	1,596	-427	6,742	N/A
12/31/2022	14,977	641	-352	6,375	N/A
9/30/2022	15,283	3,206	-109	6,151	N/A
6/30/2022	14,402	3,144	304	6,162	N/A
3/31/2022	13,506	3,230	1,131	6,931	N/A
12/31/2021	13,387	1,815	966	6,890	N/A
9/30/2021	13,100	1,821	759	7,028	N/A
6/30/2021	13,055	1,946	213	7,099	N/A
3/31/2021	12,962	2,252	-661	7,001	N/A
12/31/2020	12,999	4,457	-1,077	7,058	N/A
9/30/2020	12,965	4,441	-1,432	6,945	N/A
6/30/2020	12,903	4,276	-1,569	6,747	N/A
3/31/2020	13,186	4,120	-1,258	6,856	N/A
12/31/2019	13,255	3,976	-1,100	7,082	N/A
9/30/2019	13,896	3,960	-1,882	7,295	N/A
6/30/2019	13,919	4,149	-2,728	7,009	N/A
3/31/2019	13,742	3,809	-3,270	7,092	N/A
12/31/2018	13,679	3,539	-3,359	6,555	N/A
9/30/2018	13,392	3,308	-2,818	5,906	N/A
6/30/2018	13,431	2,992	-2,438	5,792	N/A
3/31/2018	13,466	3,088	-2,325	5,340	N/A
12/31/2017	13,449	2,997	N/A	5,230	N/A
9/30/2017	13,493	1,778	N/A	5,415	N/A
6/30/2017	13,930	1,031	N/A	5,495	N/A
3/31/2017	13,451	515	N/A	5,290	N/A
12/31/2016	12,547	124	N/A	5,069	N/A
9/30/2016	11,737	-1,976	N/A	4,902	N/A
6/30/2016	11,049	-1,439	N/A	4,884	N/A
3/31/2016	10,929	-1,375	N/A	4,705	N/A
12/31/2015	11,353	-1,240	N/A	4,384	N/A
9/30/2015	11,065	1,676	N/A	3,715	N/A
6/30/2015	10,572	1,731	N/A	3,710	N/A
3/31/2015	10,175	1,718	N/A	3,860	N/A
12/31/2014	10,185	1,743	N/A	4,226	N/A
9/30/2014	9,901	1,705	N/A	4,349	N/A
6/30/2014	9,654	1,729	N/A	4,225	N/A
3/31/2014	9,429	1,678	N/A	3,947	N/A
12/31/2013	8,797	1,712	N/A	3,674	N/A
9/30/2013	8,554	1,598	N/A	3,690	N/A
6/30/2013	8,476	1,486	N/A	3,673	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: TRP's forecast earnings growth (15.8% per year) is above the savings rate (2.4%).

Earnings vs Market: TRP's earnings (15.8% per year) are forecast to grow faster than the US market (14.1% per year).

High Growth Earnings: TRP's earnings are forecast to grow, but not significantly.

Revenue vs Market: TRP's revenue (5.2% per year) is forecast to grow slower than the US market (8.2% per year).

High Growth Revenue: TRP's revenue (5.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: TRP's Return on Equity is forecast to be low in 3 years time (15.2%).

TC Energy Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

TC Energy Corporation Provides Earnings Guidance for the Year 2022

Recent updates

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

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

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

Upcoming dividend of CA$0.96 per share

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: Series 7 Preferred Shares Ready For Takeoff

Fourth quarter dividend of CA$0.96 announced

Full year 2023 earnings: EPS misses analyst expectations

TC Energy Corporation Declares Dividend for the Quarter Ending March 31, 2024, Payable on April 30, 2024

TC Energy: Massive Q4 Beat And 3% Dividend Increase

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

TC Energy Corporation to Report Q4, 2023 Results on Feb 16, 2024

TC Energy: May Be A Value Trap

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

Upcoming dividend of CA$0.93 per share at 7.0% yield

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

Third quarter 2023 earnings: EPS misses analyst expectations

TC Energy Corporation Appoints John E. Lowe as Chair of the Board, Effective January 1, 2024

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

TC Energy Reportedly Exploring Stake Sales of Assets Worth $10 Billion

TC Energy Reportedly Exploring Stake Sales of Assets Worth $10 Billion

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

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: Not Every Falling Knife Is Worth Catching

Why TC Energy Is A Better Buy Than Enbridge

Upcoming dividend of CA$0.93 per share at 7.4% yield

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

Independent Director recently bought US$1.1m worth of stock

New minor risk - Shareholder dilution

TC Energy: A High Yield And Growing Dividend Pipeline Play

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

Independent Chairman of the Board recently bought US$1.4m worth of stock

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

TC Energy Corporation Declares Quarterly Dividend on Common Share, Payable on October 31, 2023

TC Energy Shares Have Fallen Too Far (Rating Upgrade)

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: High Yield And Exposure To The Energy Transition

Upcoming dividend of CA$0.93 per share at 7.0% yield

TC Energy Has Substantial Catalysts

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

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Insider recently bought US$51k worth of stock

Upcoming dividend of CA$0.93 per share at 7.2% yield

Insider recently bought US$71k worth of stock

CEO, President & Director recently bought US$263k worth of stock

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

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

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

TC Energy Provides Coastal Gaslink Project Update

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

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

TC Energy: Upcoming Earnings Call Should Be Key Catalyst

Insider recently bought US$111k worth of stock

Upcoming dividend of CA$0.90 per share

TC Energy: Buy The Drop On This High Yield

Now 20% undervalued after recent price drop

Insider recently sold US$85k worth of stock

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

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

TC Energy Q3 2022 Earnings Preview

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

Independent Director recently bought US$494k worth of stock

Now 20% undervalued after recent price drop

Upcoming dividend of CA$0.90 per share

TC Energy: A Great 6% Yield From This Energy Giant

Now 21% undervalued after recent price drop

Independent Director recently bought US$983k worth of stock

Now 20% undervalued after recent price drop