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TC Energy Corporation

TC Energy Corporation

NYSE•TRP
CEO: Mr. Francois Lionel Poirier
Sector: Energy
Industry: Oil & Gas Midstream
Listing Date: 1982-09-20
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. The company builds and operates a network of 93,600 kilometers 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 532 billion cubic feet. In addition, it has approximately 4,900 kilometers of liquids pipeline system that connects Alberta crude oil pipeline to refining markets in Illinois, Oklahoma, Texas, and the United States Gulf Coast. Further, the company owns or has interests in power generation facilities with approximately 4,600 megawatts; and owns and operates approximately 118 billion cubic feet of non-regulated natural gas storage facilities in in Alberta, Ontario, Québec, and New Brunswick. 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.
Contact Information
450 - 1 Street SW, Calgary, AB, T2P 5H1, Canada
403-920-2000
www.tcenergy.com
Market Cap
$56.53B
P/E (TTM)
22.2
18.6
Dividend Yield
4.6%
52W High
$56.34
52W Low
$43.51
52W Range
85%
Rank41Top 44.9%
4.0
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$2.69B-9.28%
4-Quarter Trend

EPS

$0.42-57.66%
4-Quarter Trend

FCF

$481.51M+34.30%
4-Quarter Trend

2024 Annual Earnings Highlights

Key Highlights

Internal Control Effectiveness Confirmed Management assessed internal control over financial reporting effectiveness as of December 31, 2024; registered public accounting firm issued audit report.
Strategic Focus Project Implementation Implementing strategic priorities, including the Focus Project, designed to maximize shareholder value and yield expected benefits.
Updated Code Business Ethics 2024 Code of Ethics updated, incorporating new Procurement Policy and basic generative Artificial Intelligence governance language.

Risk Factors

Strategic Implementation Uncertainty Risk related to successfully implementing strategic priorities, including the Spinoff Transaction, and whether expected benefits will materialize.
Regulatory and Policy Changes Inability to effectively anticipate and assess changes to government policies and regulations, particularly those related to the environment.
Capital Project Cost Inflation Risks associated with construction and completion of capital projects, including cost, availability, and inflationary pressures on labor and materials.
Access to Capital Markets Uncertainty regarding access to capital markets on competitive terms and managing interest, tax, and foreign exchange rates.

Outlook

Future Growth and Expansion Expectations regarding strategies and goals for growth and expansion, including potential acquisitions and realization of divestiture benefits.
Maximizing Shareholder Value Outlook focused on implementing a capital allocation strategy aligned with maximizing shareholder value through portfolio management.
Expected Dividend Growth Forward-looking statements include expectations regarding future dividend growth and access to and cost of capital.

Peer Comparison

Revenue (TTM)

Marathon Petroleum CorporationMPC
$133.07B
-6.2%
Phillips 66PSX
$132.51B
-10.1%
Eni S.p.A.E
$93.83B
-5.5%

Gross Margin (Latest Quarter)

Cheniere Energy, Inc.LNG
60.6%
+26.6pp
Suncor Energy Inc.SU
60.3%
+16.4pp
TC Energy CorporationTRP
48.5%
+3.4pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
KMI$60.85B22.08.9%45.1%
E$58.81B17.85.4%25.7%
SU$57.82B14.911.7%16.2%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
40.4%
Strong Growth
4Q Net Income CAGR
-13.5%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 13, 2026
|
EPS:$0.68
|
Revenue:-
Reports
All Years
  • Form 40-F - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 14, 2025|
    Revenue: $10.05B+3.8%
    |
    EPS: $3.23+66.5%
    Beat
  • Form 40-F - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 16, 2024|
    Revenue: $11.81B+7.8%
    |
    EPS: $1.97+315.6%
    Beat
  • Form 40-F - FY 2022

    Period End: Dec 31, 2022|Filed: Feb 14, 2023|
    Revenue: $9.46B-8.1%
    |
    EPS: $0.49-65.8%
    Miss
  • Form 40-F - FY 2021

    Period End: Dec 31, 2021|Filed: Feb 15, 2022|
    Revenue: $10.69B+3.0%
    |
    EPS: $1.49-60.5%
    Miss
  • Form 40-F - FY 2020

    Period End: Dec 31, 2020|Filed: Feb 18, 2021|
    Revenue: $9.68B-1.9%
    |
    EPS: $3.53+10.7%
    Beat