TC Energy Corporation (TRP)
NYSE: TRP · Real-Time Price · USD
70.09
+0.70 (1.01%)
At close: May 20, 2026, 4:00 PM EDT
70.09
0.00 (0.00%)
After-hours: May 20, 2026, 4:15 PM EDT

TC Energy Statistics

Total Valuation

TC Energy has a market cap or net worth of $72.26 billion. The enterprise value is $124.73 billion.

Market Cap72.26B
Enterprise Value 124.73B

Important Dates

The last earnings date was Friday, May 1, 2026, before market open.

Earnings Date May 1, 2026
Ex-Dividend Date Mar 31, 2026

Share Statistics

TC Energy has 1.00 billion shares outstanding. The number of shares has increased by 0.17% in one year.

Current Share Class 1.04B
Shares Outstanding 1.00B
Shares Change (YoY) +0.17%
Shares Change (QoQ) +0.10%
Owned by Insiders (%) 0.04%
Owned by Institutions (%) 73.87%
Float 1.04B

Valuation Ratios

The trailing PE ratio is 30.71 and the forward PE ratio is 26.09.

PE Ratio 30.71
Forward PE 26.09
PS Ratio 6.52
Forward PS 4.51
PB Ratio 2.71
P/TBV Ratio 8.38
P/FCF Ratio 26.18
P/OCF Ratio 11.74
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 17.86, with an EV/FCF ratio of 45.20.

EV / Earnings 52.43
EV / Sales 11.25
EV / EBITDA 17.86
EV / EBIT 25.11
EV / FCF 45.20

Financial Position

The company has a current ratio of 0.65, with a Debt / Equity ratio of 1.67.

Current Ratio 0.65
Quick Ratio 0.40
Debt / Equity 1.67
Debt / EBITDA 6.28
Debt / FCF 16.06
Interest Coverage 2.04

Financial Efficiency

Return on equity (ROE) is 11.33% and return on invested capital (ROIC) is 5.67%.

Return on Equity (ROE) 11.33%
Return on Assets (ROA) 3.59%
Return on Invested Capital (ROIC) 5.67%
Return on Capital Employed (ROCE) 6.29%
Weighted Average Cost of Capital (WACC) 7.61%
Revenue Per Employee $1.48M
Profits Per Employee $318,200
Employee Count7,477
Asset Turnover 0.13
Inventory Turnover 5.84

Taxes

In the past 12 months, TC Energy has paid $787.33 million in taxes.

Income Tax 787.33M
Effective Tax Rate 20.42%

Stock Price Statistics

The stock price has increased by +41.72% in the last 52 weeks. The beta is 0.97, so TC Energy's price volatility has been similar to the market average.

Beta (5Y) 0.97
52-Week Price Change +41.72%
50-Day Moving Average 64.03
200-Day Moving Average 57.05
Relative Strength Index (RSI) 76.00
Average Volume (20 Days) 2,330,998

Short Selling Information

The latest short interest is 21.97 million, so 2.20% of the outstanding shares have been sold short.

Short Interest 21.97M
Short Previous Month 40.98M
Short % of Shares Out 2.20%
Short % of Float 2.11%
Short Ratio (days to cover) 2.05

Income Statement

In the last 12 months, TC Energy had revenue of $11.09 billion and earned $2.38 billion in profits. Earnings per share was $2.28.

Revenue11.09B
Gross Profit 7.67B
Operating Income 4.97B
Pretax Income 3.85B
Net Income 2.38B
EBITDA 6.98B
EBIT 4.97B
Earnings Per Share (EPS) $2.28
Full Income Statement

Balance Sheet

The company has $1.10 billion in cash and $44.32 billion in debt, with a net cash position of -$43.23 billion or -$43.23 per share.

Cash & Cash Equivalents 1.10B
Total Debt 44.32B
Net Cash -43.23B
Net Cash Per Share -$43.23
Equity (Book Value) 26.62B
Book Value Per Share 17.38
Working Capital -2.63B
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $6.15 billion and capital expenditures -$3.44 billion, giving a free cash flow of $2.76 billion.

Operating Cash Flow 6.15B
Capital Expenditures -3.44B
Depreciation & Amortization 2.05B
Net Borrowing 977.62M
Free Cash Flow 2.76B
FCF Per Share $2.76
Full Cash Flow Statement

Margins

Gross margin is 69.18%, with operating and profit margins of 44.81% and 22.23%.

Gross Margin 69.18%
Operating Margin 44.81%
Pretax Margin 34.77%
Profit Margin 22.23%
EBITDA Margin 62.99%
EBIT Margin 44.81%
FCF Margin 24.89%

Dividends & Yields

This stock pays an annual dividend of $2.48, which amounts to a dividend yield of 3.54%.

Dividend Per Share $2.48
Dividend Yield 3.54%
Dividend Growth (YoY) -3.76%
Years of Dividend Growth n/a
Payout Ratio 108.79%
Buyback Yield -0.17%
Shareholder Yield 3.36%
Earnings Yield 3.29%
FCF Yield 3.82%
Dividend Details

Analyst Forecast

The average price target for TC Energy is $86.56, which is 23.50% higher than the current price. The consensus rating is "Buy".

Price Target $86.56
Price Target Difference 23.50%
Analyst Consensus Buy
Analyst Count 24
Revenue Growth Forecast (5Y) 4.58%
EPS Growth Forecast (5Y) n/a
Stock Forecasts

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value
Lynch Upside
Graham Number
Graham Upside

Stock Splits

The last stock split was on February 13, 1984. It was a forward split with a ratio of 2:1.

Last Split Date Feb 13, 1984
Split Type Forward
Split Ratio 2:1

Scores

TC Energy has an Altman Z-Score of 0.76 and a Piotroski F-Score of 6. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score 0.76
Piotroski F-Score 6