TC Energy Corporation
TRP
Positions held
Your positionsTRP isn't in your positions.
Add it to see shares, cost, and P&L here.
Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- TC Energy Corporation operates in a stable industry with a strong demand for energy infrastructure, positioning itself well against competitors.
- In Q2 2026, TC Energy reported a revenue increase of 2% compared to the previous quarter, reaching $4.0 billion.
- The company achieved a net income of $1.016 billion in Q2 2026, reflecting a solid profit margin of 25.7%.
- The company's current ratio of 0.61 indicates potential liquidity issues, raising concerns about its short-term financial health.
- In Q2 2026, TC Energy's operating margin compressed to 44.3%, down from 52.5% in the prior quarter.
- The debt-to-equity ratio stands at 170.37, suggesting a high level of leverage that could pose risks in a volatile market.
Fundamentals
| Market cap | $62.49B | Enterprise value | $133.32B | Trailing P/E | 23.61 | Forward P/E | 21.82 |
| PEG | 2.97 | Price / book | — | Beta | 0.98 | Dividend yield | 4.10% |
| Revenue growth | 5.7% | Earnings growth | 18.3% | Gross margin | 69.5% | Operating margin | 44.3% |
| Profit margin | 22.9% | ROE | 11.8% | ROA | 3.7% | Debt / equity | 1.70 |
| Current ratio | 0.61 | Free cash flow | $1.25B | Analyst recommendation | buy | Mean target | $66.73 |
| 52w high | $71.47 | 52w low | $49.27 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | |
|---|---|---|---|---|---|---|
| Revenue | $4.0B | $3.9B | $4.2B | $3.7B | $3.7B | — |
| Op margin | 44.3% | 47.5% | 45.4% | 42.7% | 43.4% | — |
| Net income | $1.0B | $927M | $1.0B | $637M | $861M | — |
| Gross margin | 50.0% | 52.5% | 50.8% | 48.5% | 49.2% | — |
| Gross profit | $2.0B | $2.0B | $2.1B | $1.8B | $1.8B | — |
| Operating income | $1.8B | $1.8B | $1.9B | $1.6B | $1.6B | — |
- Revenue +2% vs prior quarter ($4.0B vs $3.9B).
- Gross margin 50% (was 52.5% prior quarter).
- Operating margin compressed to 44.3%.
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $15.2B | $13.8B | $13.3B | $12.3B | — |
| Op margin | 44.4% | 42.0% | 44.4% | 41.2% | — |
| Net income | $3.5B | $4.7B | $2.9B | $748M | — |
| Gross margin | 50.2% | 48.0% | 50.3% | 47.1% | — |
| Gross profit | $7.6B | $6.6B | $6.7B | $5.8B | — |
| Operating income | $6.8B | $5.8B | $5.9B | $5.1B | — |
Headlines — positive tone
• [OK · fundamentals] TC Energy Shares Rise After Goldman Sachs Upgrade
News
2026-10-04 · Coastal GasLink Capacity Expansion Might Change The Case For Investing In TC Energy (TSX:TRP)
2026-10-01 · TC Energy Shares Rise After Goldman Sachs Upgrade
2026-10-01 · 3 Canadian Pipeline Stocks To Own In October 2026
2026-10-01 · Goldman Sachs Upgrades TC Energy to Buy From Neutral, Adjusts PT to CA$101 From CA$96.81
2026-09-30 · TC Energy (TSX:TRP) Backs Coastal GasLink Phase 2, Is It Still 16% Undervalued?
2026-09-30 · TC Energy Advances Coastal GasLink Phase 2 Expansion Plans
2026-09-30 · Shell Greenlights LNG Canada Phase 2, Doubling Export Capacity
2026-09-29 · Nat-Gas Prices Tumble as Output Recovers
2026-09-29 · TC Energy Advances Coastal GasLink Expansion After LNG Canada FID
2026-09-29 · Correction: Coastal GasLink Phase 2 Project to Proceed Following Positive Final Investment Decision
2026-09-29 · Coastal GasLink Phase 2 Project to Proceed Following Positive Final Investment Decision
Price (daily)
Full chart · RSI · MACD · patterns