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TC Energy Corporation

TRP

NYSEEnergyOil & Gas Midstream

Previous close

$62.02

−$1.01 · -1.60%

Aug 21, 4:00 PM ET

Pre-market

$62.02

$0.00 · 0.00%

Aug 24, 7:06 AM ET

TRP company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

65

Undervalued

Momentum

53

Neutral

Sentiment

50

Mixed

Risk resilience

79

Moderate Risk

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Company profile

Company website

TC Energy Corporation (TRP), headquartered in Calgary, Canada, is a significant North American energy infrastructure enterprise, established in 1951. Its extensive operations are strategically divided into five key business units: Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexican Natural Gas Pipelines, Liquids Pipelines, and Power & Storage. The company is responsible for constructing and managing a vast natural gas pipeline network, which stretches for 93,300 kilometers. This critical infrastructure facilitates the movement of natural gas from production basins to a variety of destinations, including local utility providers, electricity generating facilities, industrial sites, interconnected pipelines, liquefied natural gas (LNG) export terminals, and other commercial clients. Additionally, TC Energy operates regulated natural gas storage facilities with a total working gas capacity of 535 billion cubic feet, alongside approximately 118 billion cubic feet of non-regulated natural gas storage capacity located solely within Alberta. Furthermore, TC Energy oversees a liquids pipeline system spanning roughly 4,900 kilometers. This system efficiently transports crude oil from Alberta's supply regions to major refining centers across Illinois, Oklahoma, Texas, and the U.S. Gulf Coast. Its asset portfolio also includes ownership or interests in seven power generation facilities. These plants, situated in Alberta, Ontario, Québec, and New Brunswick, have a combined output of approximately 4,300 megawatts and are fueled by natural gas and nuclear energy sources. The organization was previously known as TransCanada Corporation until it officially rebranded to TC Energy Corporation in May 2019.

Industry
Oil & Gas Midstream
Sector
Energy
Headquarters
CA
CEO
Francois Lionel Poirier
Listed since
Sep 20, 1982
Employees
6,574

Market position

Day range

Current $62.02

52-week range

Current $62.02

Open
$63.66
Previous close
$63.03
Volume
1.43M
0.58× average
Average volume
2.45M
Average daily volume
Market cap
64.56B USD
Beta
0.98
Market reference 1
50-day average
$67.051
-7.50% below average
200-day average
$62.0097
+0.02% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
139.19B CAD
P/E (TTM)
25.66×
P/B (TTM)
3.21×
P/S (TTM)
5.56×
EV / EBITDA
12×
Earnings yield
4.48%
Free cash flow yield
2.62%
Dividend yield
4.04%

Profitability & efficiency

Gross margin
51.46%
Operating margin
46.09%
Net margin
22.46%
Return on equity
12.89%
Return on assets
2.96%
Return on invested capital
4.76%

Financial health

Debt / equity
2.3×
Current ratio
0.63×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends55%37%19%2%Gross margin, FY2021: 49.90%Gross margin, FY2022: 47.10%Gross margin, FY2023: 50.26%Gross margin, FY2024: 47.97%Gross margin, FY2025: 50.03%Operating margin, FY2021: 44.12%Operating margin, FY2022: 41.19%Operating margin, FY2023: 44.37%Operating margin, FY2024: 42.02%Operating margin, FY2025: 44.23%Net margin, FY2021: 14.60%Net margin, FY2022: 6.08%Net margin, FY2023: 22.02%Net margin, FY2024: 34.12%Net margin, FY2025: 23.15%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 49.90%. Gross margin FY2022 47.10%. Gross margin FY2023 50.26%. Gross margin FY2024 47.97%. Gross margin FY2025 50.03%. Operating margin FY2021 44.12%. Operating margin FY2022 41.19%. Operating margin FY2023 44.37%. Operating margin FY2024 42.02%. Operating margin FY2025 44.23%. Net margin FY2021 14.60%. Net margin FY2022 6.08%. Net margin FY2023 22.02%. Net margin FY2024 34.12%. Net margin FY2025 23.15%.

Income trends

Revenue

15.19B CAD+10.29%

Operating income

6.72B CAD+16.10%

Net income

3.52B CAD-25.16%
Income trends across reported periods16.63B CAD10.86B CAD5.08B CAD−695.96M CADRevenue, FY2021: 13.39B CADRevenue, FY2022: 12.31B CADRevenue, FY2023: 13.27B CADRevenue, FY2024: 13.77B CADRevenue, FY2025: 15.19B CADOperating income, FY2021: 5.91B CADOperating income, FY2022: 5.07B CADOperating income, FY2023: 5.89B CADOperating income, FY2024: 5.79B CADOperating income, FY2025: 6.72B CADNet income, FY2021: 1.96B CADNet income, FY2022: 748M CADNet income, FY2023: 2.92B CADNet income, FY2024: 4.7B CADNet income, FY2025: 3.52B CADFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 13.39B CAD. Revenue FY2022 12.31B CAD. Revenue FY2023 13.27B CAD. Revenue FY2024 13.77B CAD. Revenue FY2025 15.19B CAD. Operating income FY2021 5.91B CAD. Operating income FY2022 5.07B CAD. Operating income FY2023 5.89B CAD. Operating income FY2024 5.79B CAD. Operating income FY2025 6.72B CAD. Net income FY2021 1.96B CAD. Net income FY2022 748M CAD. Net income FY2023 2.92B CAD. Net income FY2024 4.7B CAD. Net income FY2025 3.52B CAD.
Metric (CAD)FY2025FY2024FY2023FY2022FY2021
Revenue15.19B CAD13.77B CAD13.27B CAD12.31B CAD13.39B CAD
Cost of goods sold7.59B CAD7.17B CAD6.6B CAD6.51B CAD6.71B CAD
Gross profit7.6B CAD6.61B CAD6.67B CAD5.8B CAD6.68B CAD
Operating expenses880.28M CAD820M CAD781M CAD727M CAD774M CAD
Interest income205.83M CAD542M CAD569M CAD107.7M CAD190M CAD
Interest expense3.39B CAD2.52B CAD2.58B CAD1.9B CAD2.09B CAD
Depreciation and amortization2.77B CAD2.79B CAD2.78B CAD2.58B CAD2.52B CAD
Operating income6.72B CAD5.79B CAD5.89B CAD5.07B CAD5.91B CAD
Net income3.52B CAD4.7B CAD2.92B CAD748M CAD1.96B CAD

Company facts updated Aug 24, 2026.

Corporate actions

Corporate action history

Stock split

Effective Feb 13, 1984

2:1

ETFs holding TRP

Funds reporting this stock among their holdings, ordered by reported position size.

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