TRP Stock - TC Energy Corporation
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $13.77B | $13.27B | $12.31B | $13.39B | $13.00B |
| Gross Profit | $6.61B | $6.67B | $5.80B | $6.68B | $6.53B |
| Gross Margin | 48.0% | 50.3% | 47.1% | 49.9% | 50.2% |
| Operating Income | $5.79B | $5.89B | $5.07B | $5.91B | $5.80B |
| Net Income | $4.70B | $2.92B | $748.00M | $1.96B | $4.62B |
| Net Margin | 34.1% | 22.0% | 6.1% | 14.6% | 35.5% |
| EPS | $4.43 | $2.66 | $0.64 | $1.87 | $4.74 |
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 Storage. The company builds and operates 93,300 km network of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses. It also has regulated natural gas storage facilities with a total working gas capacity of 535 billion cubic feet. In addition, it has approximately 4,900 km liquids pipeline system that connects Alberta crude oil supplies to refining markets in Illinois, Oklahoma, Texas, and the U.S. Gulf Coast. Further, the company owns or has interests in seven power generation facilities with a combined capacity of approximately 4,300 megawatts that are powered by natural gas and nuclear fuel sources located in Alberta, Ontario, Québec, and New Brunswick; and owns and operates approximately 118 billion cubic feet of non-regulated 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 incorporated in 1951 and is headquartered in Calgary, Canada.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| November 7th 2025 | BMO Capital Markets | Upgrade | Outperform | - |
| May 2nd 2025 | CIBC | Upgrade | Sector Outperform | - |
| April 4th 2025 | Citigroup | Initiation | Neutral | - |
| January 15th 2025 | TD Securities | Initiation | Buy | - |
| October 25th 2024 | Morgan Stanley | Upgrade | Overweight | - |
| October 14th 2024 | JP Morgan | Upgrade | Overweight | - |
| September 30th 2024 | UBS | Upgrade | Buy | - |
| July 17th 2024 | Barclays | Upgrade | Overweight | - |
| February 27th 2024 | Jefferies | Initiation | Hold | - |
| January 18th 2024 | Stifel | Initiation | Buy | - |
| October 25th 2023 | Wells Fargo | Upgrade | Overweight | - |
| October 17th 2023 | Wolfe Research | Upgrade | Peer Perform | - |
| October 6th 2023 | Goldman | Resumed | Sell | $28 |
| September 8th 2023 | Wells Fargo | Upgrade | Equal Weight | - |
| July 28th 2023 | BMO Capital Markets | Downgrade | Market Perform | - |
Earnings History & Surprises
TRPEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q1 2026 | Feb 13, 2026 | $0.68 | — | — | — |
Q4 2025 | Nov 6, 2025 | $0.56 | $0.56 | 0.0% | = MET |
Q3 2025 | Jul 31, 2025 | $0.56 | $0.59 | +5.4% | ✓ BEAT |
Q2 2025 | May 1, 2025 | $0.70 | $0.66 | -5.7% | ✗ MISS |
Q1 2025 | Feb 14, 2025 | $0.68 | $0.75 | +10.3% | ✓ BEAT |
Q4 2024 | Nov 7, 2024 | $0.71 | $0.76 | +6.6% | ✓ BEAT |
Q3 2024 | Aug 1, 2024 | $0.60 | $0.63 | +4.3% | ✓ BEAT |
Q2 2024 | May 3, 2024 | $0.78 | $0.83 | +7.6% | ✓ BEAT |
Q1 2024 | Feb 16, 2024 | $0.76 | $0.93 | +22.8% | ✓ BEAT |
Q4 2023 | Nov 8, 2023 | $0.65 | $0.67 | +2.8% | ✓ BEAT |
Q3 2023 | Jul 27, 2023 | $0.65 | $0.66 | +1.1% | ✓ BEAT |
Q1 2023 | Feb 14, 2023 | $0.74 | $0.75 | +0.8% | ✓ BEAT |
Q4 2022 | Nov 9, 2022 | $0.75 | $0.82 | +9.3% | ✓ BEAT |
Q3 2022 | Jul 28, 2022 | $0.77 | $0.78 | +1.3% | ✓ BEAT |
Q2 2022 | Apr 29, 2022 | $0.89 | $0.90 | +1.0% | ✓ BEAT |
Q1 2022 | Feb 15, 2022 | $0.83 | $0.84 | +0.6% | ✓ BEAT |
Q4 2021 | Nov 5, 2021 | $0.79 | $0.79 | 0.0% | = MET |
Q3 2021 | Jul 29, 2021 | $0.76 | $0.87 | +14.5% | ✓ BEAT |
Q2 2021 | May 7, 2021 | $0.87 | $0.89 | +2.3% | ✓ BEAT |
Q1 2021 | Feb 18, 2021 | $0.78 | $0.88 | +12.8% | ✓ BEAT |
Latest News
Citigroup Maintains Neutral on TC Energy, Raises Price Target to C$82
➖ NeutralScotiabank Maintains Sector Outperform on TC Energy, Raises Price Target to C$81
📈 PositiveRBC Capital Maintains Outperform on TC Energy, Raises Price Target to $84
📈 PositiveTC Energy Q3 Adj. EPS $0.56, Inline, Sales $2.690B Beat $2.640B Estimate
📈 PositiveTC Energy Q3 Adj. EPS $0.77 Beats $0.69 Estimate, Sales $3.704B Beat $3.272B Estimate
📈 PositiveScotiabank Maintains Sector Outperform on TC Energy, Raises Price Target to C$80
📈 PositiveTD Securities Maintains Buy on TC Energy, Raises Price Target to C$81
📈 PositiveBarclays Maintains Overweight on TC Energy, Raises Price Target to C$80
📈 PositiveCIBC Downgrades TC Energy to Neutral, Raises Price Target to C$77
➖ NeutralFrequently Asked Questions about TRP
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