TC Energy Earnings: Management Makes the Case for Growth
TC Energy reported adjusted EBITDA of CAD 3.0 billion in the third quarter, slightly above the PitchBook consensus of CAD 2.84 billion.
TC Energy Corp TRP
Bulls Say, Bears Say
Bulls
Natural gas demand is poised to grow through the next decade, and TC Energy is almost fully exposed to that growth.
Bears
The market has become exuberant about natural gas, pushing up valuations of related companies.
News
Correction to TC Energy Raises Guidance Article
TC Energy Raises Guidance After Quarterly Earning Rise Sharply
TC Energy reports strong third quarter 2026 operating and financial results
TC Energy to host third quarter 2026 conference call on Nov. 5
TC Energy announces Indigenous investment in Coastal GasLink
Coastal GasLink Phase 2 to proceed following LNG Canada Final Investment Decision
TC Energy to Sell Mexican Gas Pipeline for $400 Million
TC Energy announces sale of Guadalajara-Manzanillo Pipeline
Trading Information
- Previous Close Price
- $64.30
- Day Range
- $64.14–64.81
- 52-Week Range
- $52.71–71.47
- Bid/Ask
- $60.00 / $66.40
- Shares Outstanding
- 1.04B
- Market Cap
- $67.23B
- Volume/Avg
- 940,975 / 3M
Key Statistics
- Price/Earnings (Normalized)
- 22.74
- Price/Sales
- 5.82
- Dividend Yield (Trailing)
- 3.91%
- Dividend Yield (Forward)
- 3.82%
- Dividend Payment Schedule
- Jan, Apr, Jul, Oct
- Total Yield
- 3.91%
Company Profile
TC Energy operates natural gas transmission assets across North America. Segments are determined by country of operation, but both Canadian and US operations are interconnected. Mexican operations are disconnected from the US and only have one customer, the state utility CFE. They also operate power generation assets, with the largest being the Bruce Power nuclear plant.
- Sector
- Energy
- Industry
- Oil & Gas Midstream
- Stock Style Box
- Large Core
- Total Number of Employees
- 6,574
- Website
- https://www.tcenergy.com
Competitors
Valuation
Metric | TRP | PPL | ENB |
|---|---|---|---|
Price/Earnings (Normalized) | 22.74 | 22.70 | 22.45 |
Price/Book Value | 3.73 | 2.68 | 2.50 |
Price/Sales | 5.82 | 4.97 | 1.63 |
Price/Cash Flow | 10.80 | 13.33 | 10.53 |
Price/Earnings
TRP
PPL
ENB
Financial Strength
Metric | TRP | PPL | ENB |
|---|---|---|---|
Quick Ratio | 0.26 | 0.59 | 0.54 |
Current Ratio | 0.57 | 0.75 | 0.81 |
Interest Coverage | 2.78 | 5.25 | 2.78 |
Quick Ratio
TRP
PPL
ENB
Profitability
Metric | TRP | PPL | ENB |
|---|---|---|---|
Return on Assets (Normalized) | 3.31% | 5.62% | 2.87% |
Return on Equity (Normalized) | 15.89% | 13.29% | 11.17% |
Return on Invested Capital (Normalized) | 6.41% | 8.16% | 5.87% |
Return on Assets
TRP
PPL
ENB
Oil & Gas Midstream Industry Comparables
1-Day Chart | Name | Price | Morningstar Rating for Stocks | Capital Allocation | Economic Moat | Market Cap |
|---|---|---|---|---|---|---|
| Enbridge Inc ENB | LOCK|pZDWL! | LOCK|c#fnn | $107B | |||
| Williams Companies Inc WMB | LOCK|Z^x?dr | LOCK|&?^$ | $87B | |||
| Enterprise Products Partners LP EPD | LOCK|r%#Q@gj@ | LOCK|?j% | $81B | |||
| Kinder Morgan Inc Class P KMI | LOCK|^SKH@x | LOCK|#!?! | $71B | |||
| Energy Transfer LP ET | LOCK|!q! | LOCK|<y | $67B | |||
| Cheniere Energy Inc LNG | LOCK|mJpPK!@ | LOCK|<Ns | $63B | |||
| MPLX LP Partnership Units MPLX | LOCK|!nHZ$^! | LOCK|!^<KB | $57B | |||
| ONEOK Inc OKE | LOCK|j?^P#^ | LOCK|#fGr | $56B | |||
| Venture Global Inc Ordinary Shares - Class A VG | LOCK|J^w&%>W | LOCK|PSM | $33B |
United States