TC Energy's post-divestiture revenue rebound to $4.1B in 2025Q4 and sustained gross margins above 48% underscore a resilient core midstream franchise, yet the balance sheet reveals a concerning trajectory: debt-to-equity climbed to 1.70 and retained earnings r...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue rebounded 199.4% in 2025Q4 to $4.1B after a divestiture-driven dip, with gross margins averaging 50.4% over the last four quarters, indicating strong pricing power despite earnings volatility (net margin ranged from 17.2% to 73.5%).
TRP's trailing and forward P/E ratios of 22.59 and 21.64 respectively indicate reasonable valuation relative to earnings.
Multiple bullish theses on TC Energy Corporation have been highlighted by Beat the TSX and DividendInvestor, suggesting positive sentiment among analysts.
TRP's share price was trading at $59.91 as of February 5th, reflecting stability and investor confidence.
Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Jul 30, 2026 | $0.68+11.5% vs $0.61 | $2.8B+0.6% vs $2.8B |
Q2 2026 May 1, 2026 | $0.62-11.9% vs $0.70 | $3.0B+5.2% vs $2.9B |
Q1 2026 Feb 13, 2026 | $0.70+7.7% vs $0.65 | $3.0B+1.8% vs $3.0B |
Q4 2025 Nov 6, 2025 | $0.56+0.0% vs $0.56 | $2.7B-9.6% vs $2.9B |
Hsbc Holdings PLC reduced its stake in TC Energy Corporation (NYSE: TRP) (TSE: TRP) by 79.0% in the undefined quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,513 shares of the pipeline company's stock after selling 137,505 shares during the period.
Allianz Asset Management GmbH boosted its stake in shares of TC Energy Corporation (NYSE: TRP) (TSE: TRP) by 14.1% during the undefined quarter, according to its most recent filing with the SEC. The firm owned 618,384 shares of the pipeline company's stock after purchasing an additional 76,601 shares during the period. Allianz Asset Management
TC Energy Corporation's Bruce Power, operating two stations (A and B), delivers 6.6 GW of nuclear capacity with fixed-price MWh contracts, supports stable cash flows. Plans for Bruce Power C could add up to 4.8 GW of nuclear capacity, with a final investment decision highlighted as a key milestone. Major Component Replacement projects leverage advanced robotics, underscoring operational efficiency and long-term asset reliability.
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Benchmark TRP against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for TC Energy Corporation (TRP)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $59.78 | $62.23B | 25.65 | 10.29% | 23.15% | 9.35% | 4.02% | |
| $47.90 | $104.6B | 20.74 | 21.92% | 7.35% | 8.39% | — | |
| $31.27 | $69.63B | 22.82 | 12.45% | 19.31% | 10.67% | — | |
| $70.98 | $86.81B | 33.17 | 13.78% | 25.18% | 20.36% | — | |
| $20.40 | $70.2B | 15.11 | -0.05% | 5.57% | 11.82% | — | |
| $38.01 | $82.24B | 14.29 | -6.44% | 10.77% | 20.63% | — |
TC Energy Corporation (TRP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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TC Energy Corporation (TRP) stock FAQ — growth, dividends, profitability & financials explained
TC Energy Corporation (TRP) reported $16.01B in revenue for fiscal year 2025. This represents a 24% decrease from $21.16B in 2000.
TC Energy Corporation (TRP) grew revenue by 10.3% over the past year. This is steady growth.
Yes, TC Energy Corporation (TRP) is profitable, generating $3.60B in net income for fiscal year 2025 (23.2% net margin).
Yes, TC Energy Corporation (TRP) pays a dividend with a yield of 4.02%. This makes it attractive for income-focused investors.
TC Energy Corporation (TRP) has a return on equity (ROE) of 9.3%. This is below average, suggesting room for improvement.
TC Energy Corporation (TRP) generated $3.64B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
