TC Energy Corporation (TRP)

NYSE: TRP · IEX Real-Time Price · USD
41.09
+0.77 (1.91%)
At close: Jul 19, 2024, 4:00 PM
41.18
+0.09 (0.22%)
After-hours: Jul 19, 2024, 7:44 PM EDT
1.91%
Market Cap 42.63B
Revenue (ttm) 11.95B
Net Income (ttm) 2.00B
Shares Out 1.04B
EPS (ttm) 1.91
PE Ratio 21.56
Forward PE 9.86
Dividend $2.81 (6.83%)
Ex-Dividend Date Jun 28, 2024
Volume 2,602,900
Open 40.20
Previous Close 40.32
Day's Range 40.15 - 41.15
52-Week Range 32.52 - 41.15
Beta 0.78
Analysts Hold
Price Target 49.43 (+20.3%)
Earnings Date Aug 1, 2024

About TRP

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. ... [Read more]

Sector Energy
Founded 1951
Employees 7,477
Stock Exchange NYSE
Ticker Symbol TRP
Full Company Profile

Financial Performance

In 2023, TC Energy's revenue was 15.93 billion, an increase of 6.39% compared to the previous year's 14.98 billion. Earnings were 2.83 billion, an increase of 341.34%.

Financial numbers in CAD Financial Statements

Analyst Forecast

According to 8 analysts, the average rating for TRP stock is "Hold." The 12-month stock price forecast is $49.43, which is an increase of 20.30% from the latest price.

Price Target
$49.43
(20.30% upside)
Analyst Consensus: Hold
Stock Forecasts

News

TC Energy says its $15 bln claim for Keystone XL project thrown out by US tribunal

Canada's TC Energy said on Tuesday a free trade arbitration tribunal had tossed out its claim to recover more than $15 billion from the U.S. government for the cancellation of its Keystone XL project.

4 days ago - Reuters

TC Energy to issue second quarter 2024 results on Aug. 1

CALGARY, Alberta, July 11, 2024 (GLOBE NEWSWIRE) -- TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) will hold a teleconference and webcast on Thursday, Aug. 1, 2024, to discuss its s...

9 days ago - GlobeNewsWire

TC Energy shareholders approve spinoff of South Bow and elect Board of Directors at the 2024 annual and special meeting

CALGARY, Alberta, June 04, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) is pleased to announce today that its shareholders voted to approve...

6 weeks ago - GlobeNewsWire

TC Energy shareholders vote to spin off North American oil pipeline business

TC Energy shareholders voted in favour of spinning off the Canadian company's liquids pipeline business on Tuesday, creating a new energy infrastructure firm known as South Bow Corp whose assets inclu...

6 weeks ago - Reuters

TC Energy to appeal Delaware court rulings in lawsuit related to 2016 Columbia Pipeline acquisition

CALGARY, Alberta, May 15, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) strongly disagrees with the final decision issued today by the Delaw...

2 months ago - GlobeNewsWire

Canada's energy regulator orders reduction in pressure on TC Energy's NGTL pipeline

The Canada Energy Regulator (CER) on Tuesday said it had issued an order to TC Energy's NOVA Gas Transmission Ltd (NGTL) to further reduce the operating pressure for the Grande Prairie Mainline gas pi...

2 months ago - Reuters

TC Energy's oil pipeline spin-off faces obstacles in bet on US Gulf

TC Energy's planned oil pipeline spin-off is a bet that it can supply more Canadian crude to U.S. Gulf of Mexico refiners, but the venture faces stiff competition and will carry high debt when it star...

Other symbols: BNODBOGUSHIEOOIHPXJUCO
2 months ago - Reuters

TC Energy declares quarterly dividends

CALGARY, Alberta, May 03, 2024 (GLOBE NEWSWIRE) -- TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced that its Board of Directors (Board) declared a quarterly dividend o...

2 months ago - GlobeNewsWire

TC Energy reports strong first quarter 2024 operating and financial results

Advancing clear set of strategic priorities to maximize shareholder returns Advancing clear set of strategic priorities to maximize shareholder returns

2 months ago - GlobeNewsWire

TC Energy provides results of Series 7 Shares conversion elections

CALGARY, Alberta, April 23, 2024 (GLOBE NEWSWIRE) -- – News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced that 209,483 of its 24,000,000 fixed rate Cumula...

3 months ago - GlobeNewsWire

TC Energy does not expect service interruptions following pipeline rupture

TC Energy on Wednesday said it does not anticipate any service interruptions as it continues to respond to the rupture of its NGTL gas pipeline in Alberta, Canada, which caused a wildfire on Tuesday.

3 months ago - Reuters

Rupture on TC Energy's NGTL gas pipeline sparks wildfire in Alberta

A section of TC Energy's NGTL gas pipeline system in Alberta ruptured and caught fire on Tuesday, sparking a wildfire in a remote area, the company said.

3 months ago - Reuters

TC Energy to issue first quarter 2024 results on May 3 and hold annual and special meeting of common shareholders on June 4

CALGARY, Alberta, April 16, 2024 (GLOBE NEWSWIRE) -- TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) will release its first quarter 2024 financial results on Friday, May 3, 2024 pre-...

3 months ago - GlobeNewsWire

TC Energy appoints Sean O'Donnell as Executive Vice-President and Chief Financial Officer

Joel Hunter, Executive Vice-President and Chief Financial Officer, to depart TC Energy after over 26 years with the company Joel Hunter, Executive Vice-President and Chief Financial Officer, to depart...

3 months ago - GlobeNewsWire

TC Energy provides conversion right and dividend rate notice for Series 7 and 8 preferred shares

CALGARY, Alberta, April 01, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced that it does not intend to exercise its right to r...

3 months ago - GlobeNewsWire

TC Energy enters agreement to sell Prince Rupert Gas Transmission entities to Nisga'a Nation and Western LNG

Transaction demonstrates TC Energy's focus on its strategic priorities while facilitating the development of critical energy infrastructure

4 months ago - GlobeNewsWire

TC Energy briefly shut Keystone oil pipeline on unfounded leak concern, US regulator says

TC Energy temporarily shut down the Keystone oil pipeline on Thursday to investigate a landowner's report about a possible leak that proved unfounded, a spokesperson for a U.S. pipeline regulator said...

4 months ago - Reuters

TC Energy's Keystone oil pipeline offline due to operational issues, sources say

TC Energy's Keystone oil pipeline is offline due to operational issues, cutting off a major conduit of Canadian oil to the United States, three industry sources said on Thursday.

4 months ago - Reuters

TC Energy announces layoffs, primarily in Calgary and Houston

Canadian oil and gas pipeline firm TC Energy said on Wednesday it has laid off some of its workers as part of a previously announced plan to integrate its natural gas pipeline units.

4 months ago - Reuters

BlackRock and Morgan Stanley Buy TC Energy's Portland Pipeline Business for $1.14 Billion

BlackRock (BLK) and Morgan Stanley (MS) shares advanced Monday as Canada's TC Energy (TRP) said it would sell its Portland Natural Gas Transmission System (PNGTS) to them for $1.14 billion.

Other symbols: BLKMS
4 months ago - Investopedia

TC Energy to sell Portland Natural Gas Transmission System for $1.14 bln

TC Energy said on Monday it has agreed to sell Portland Natural Gas Transmission System (PNGTS) to BlackRock for $1.14 billion as part of its ongoing efforts to reduce debt and fund investments.

4 months ago - Reuters

TC Energy announces sale of Portland Natural Gas Transmission System

CALGARY, Alberta, March 04, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) and its partner Northern New England Investment Company, Inc., a s...

4 months ago - GlobeNewsWire

TC Energy files 2023 annual disclosure documents

CALGARY, Alberta, Feb. 16, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) has today filed with Canadian securities authorities:

5 months ago - GlobeNewsWire

Pipeline operator TC Energy beats fourth-quarter profit estimates

Pipeline operator TC Energy beat fourth-quarter profit estimates on Friday, helped by high demand for liquefied natural gas (LNG).

5 months ago - Reuters

TC Energy reports record 2023 operating and financial results driven by solid execution

Increases common share dividend for the twenty-fourth consecutive year Increases common share dividend for the twenty-fourth consecutive year

5 months ago - GlobeNewsWire