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TC Energy TRP

US equityMarket cap rank #259Oil & Gas Midstream
$59.62
−$0.58 (-0.96%)
Market open · Sep 24, 2:00 pm ET
After hours $60.20 0.00%
Open$60.95
Prev close$60.20
Day range$59.40 – $60.95
Volume818.7K
Market cap$62.11B
P/E (TTM)25.2
Dividend yield4.08%

Price chart

Daily bars for up to one year, weekly bars for the 5-year view. Averages are 50/200 trading days (10/40 weeks on the 5-year view).

TRP at a glance

Shares of TC Energy are down 0.96% at $59.62. The company is worth $62.11B, number 259 out of 300 on our list.

The 52-week range is $46.37 to $70.90. Today's price is about 54% of the way from the low to the high. Holders are ahead 21.1% over twelve months, but down 12.5% across the last three months.

On the chart it has slipped under both the 50-day ($64.23) and 200-day ($61.59) moving averages; RSI is 40, and the last 30 sessions moved at roughly 19% annualized volatility.

Revenue for the quarter ended Jun 2026 was C$3.96B, up 5.7% from a year earlier, with C$1.15B of net profit (a 22.1% margin).

The stock changes hands at 25.2 times trailing earnings, 489% above its five-year average of 4.3. The median for its industry group is 20.7.

13 analysts follow the stock and the average call is "buy". The mean target, $74.02, sits 24.2% over where the stock trades.

This summary is put together from the numbers on the page and updates when they do. It describes the data; it is not a forecast or a recommendation.

TC Energy: the business

TC Energy owns natural gas pipelines and power assets in North America, and it spun off its liquids pipelines as South Bow.

What tends to move it. Regulated pipeline growth and project costs drive the story, alongside its dividend.

Written by hand by the BeStock desk and revised when a business changes. See how we work. Spot something out of date? Tell us.

Performance

Price return over each window, from adjusted daily and weekly closes

1 day
-1.0%
1 week
-2.6%
1 month
-3.9%
3 months
-12.5%
6 months
-3.3%
Year to date
+12.6%
1 year
+21.1%
Day range
$59.40$60.95
52-week range
$46.37$70.90

Technical signals

Full technicals →
Trend readStrong downtrend

1 bullish · 5 bearish of 7 signals

IndicatorValueSignal
Price vs 20-day average-3.7%Bearish
Price vs 50-day average-7.2%Bearish
Price vs 200-day average-3.2%Bearish
50-day vs 200-day50d above 200dBullish
RSI (14)39.8Bearish
MACD (12,26,9)-0.93Bearish
Bollinger band position-5%Neutral

Standard indicator readings worked out from daily closes. They describe how the price has behaved, not where it is going.

Key statistics

Bid / Ask$59.62 / $59.63
Average price today$59.67
Volume818.7KAvg (90d) 2.41M
Turnover$48.86M
Turnover rate0.08%of shares outstanding
Volume ratio0.33vs. recent average pace
Day amplitude2.58%
Market cap$62.11B
Float market cap$62.01B
Shares outstanding1.04B
EPS (TTM)$2.32
P/E (TTM)25.18
P/B3.43
Book value / share$17.36
Earnings yield0.14%
Dividend (TTM)$2.43 / shareYield 4.08%
Net profit (TTM)$2.42B
Net assets$18.09B
30-day volatility18.9%annualized
Avg daily range (ATR)1.94%of price, 14 days
Max drawdown (1y)-15.3%-15.5% from 1y peak

Quote as of Sep 24, 2026 2:00 pm ET. Prices can lag the live tape. This is background information, not a recommendation.

How TRP ranks on BeStock

Market value#259 of 300
P/E (cheapest = 1)#142 of 283
Dividend yield#34 of 244
Closeness to 52-week high#185 of 300
Dollar volume today#281 of 300

Ranks are among the 300 or so U.S.-listed stocks BeStock covers, recalculated whenever prices refresh. A row is left out when the measure does not apply, such as yield for a stock that pays no dividend.

Latest reported quarter: Q2, ended Jun 2026 · reported in CAD

RevenueC$3.96B+5.7% YoY
Operating profitC$1.75B+7.8% YoY
Net profitC$1.15B+17.8% YoY
Diluted EPSC$0.95+18.8% YoY
Free cash flowC$1.32B+25.0% YoY
Operating cash flowC$2.22B

Revenue, last 8 quarters

C$3.4BSep '24C$3.6BDec '24C$3.6BMar '25C$3.7BJun '25C$3.7BSep '25C$4.2BDec '25C$3.9BMar '26C$4.0BJun '26

Net profit, last 8 quarters

C$1.7BSep '24C$1.2BDec '24C$1.2BMar '25C$973.0MJun '25C$764.0MSep '25C$1.2BDec '25C$1.2BMar '26C$1.1BJun '26

Profitability & balance sheet

Gross margin50.5%
Operating margin45.0%
Net margin22.1%
Return on equity13.8%
Return on assets2.9%
Return on invested capital6.7%
Current ratio0.61
Liabilities / assets69.8%
Cash & investmentsC$2.07B
Total debtC$63.74B
Net cash (debt)-C$61.67B
Free cash flow / sales25.9%

Where the revenue comes from

Quarter 2026/Q2

By business line

  • U.S. Natural Gas PipelinesC$1.81B 45.4%
  • Canadian Natural Gas PipelinesC$1.51B 37.8%
  • Mexico Natural Gas PipelinesC$430.00M 10.8%
  • Power and Energy SolutionsC$241.00M 6.0%
Average move on report day±2.0%last 16 reports
Closed higher12 of 1675% of the time
Best reaction+3.5%
Worst reaction-4.5%

Stock move on the day after each report

+2.8%2024/Q3-3.1%2024/Q4-0.8%2025/Q1+1.8%2025/Q2+0.2%2025/Q3+3.5%2025/Q4-0.5%2026/Q1+1.2%2026/Q2

"Implied move" is the size of move the options market was pricing ahead of the report. Move is the stock’s change on the first session after the release.

Valuation

Multiples measured against the stock's own five-year history

Valuation detail →
Price / earnings25.2x
CheapRich

Above its usual level · 61st percentile, 5-year average 4.3x

#1876 of 2977 stocks by PE (1 = cheapest)

Price / book3.4x
CheapRich

Near the top of its 5-year range · 89th percentile, 5-year average 2.4x

#3781 of 5304 stocks by PB (1 = cheapest)

Price / sales5.6x
CheapRich

Near the top of its 5-year range · 88th percentile, 5-year average 4.4x

#3945 of 5143 stocks by PS (1 = cheapest)

P/E over five years

-469x-265x-61x143xSep '21Mar '24Sep '26

Dashed line is the 5-year average; the shaded band is one standard deviation either side.

Morningstar fair value estimate

Fair value$58.00
Price vs. fair value+2.8%Close to the estimate
Star rating★★★☆☆
Economic moatNarrow
UncertaintyMedium

Analyst view

All ratings →
ConsensusBuy
Analysts13
Average target$74.02+24.2% vs. price
  • Buy 77%
  • Hold 23%
Low $69.00Now $59.62Avg $74.02High $77.93

Latest rating actions

  • 11 Sep 2026RBC CapitalBUY · PT $76.49
  • 9 Sep 2026Morgan StanleyBUY · PT $77.93
  • 1 Sep 2026JefferiesBUY · PT $73.60
  • 20 Aug 2026US Capital AdvisorsBUY · PT $71.44
  • 4 Aug 2026Wells FargoBUY · PT $76.49

Ownership & positioning

Who holds it, who is betting against it, and where the big money is moving

Ownership detail →
Institutional ownership69.3%+0.05 pts vs. prior quarter
Institutions holding878+3 vs. prior quarter
Short interest2.41% of floatDays to cover 15.6 · as of 31 Aug 2026
Short-sale volume share27.7%5-day average of daily volume

Short-sale volume as % of daily volume

10%25%40%55%Aug '26Sep '26Sep '26

Large-order net flow, last 20 sessions

Net of large-order buying minus selling, in USD. Over this window: +$8.76M (10 inflow days, 10 outflow days).

Dividends

Dividend yield (TTM)4.08%
Upcoming dividend$0.65Ex-date 29 Sep 2026
Next-to-last$0.62
Payments on file40

Dividends paid per share, by year

2.1320182.2220192.5020203.4620213.4020222.7820232.6920242.442025

Across the full calendar years shown, the annual payout grew by roughly 2.0% a year.

Latest headlines

More news →
  • RBC Capital Maintains TC Energy(TRP.US) With Buy Rating, Cuts Target Price to $76.48Market news · 11 Sep 2026
  • Morgan Stanley Upgrades TC Energy(TRP.US) to Buy Rating, Raises Target Price to $78.33Market news · 10 Sep 2026
  • Jefferies Upgrades TC Energy(TRP.US) to Buy Rating, Raises Target Price to $73.36Market news · 1 Sep 2026
  • Wells Fargo Maintains TC Energy(TRP.US) With Buy Rating, Maintains Target Price $75.32Market news · 5 Aug 2026
  • Goldman Sachs Maintains TC Energy(TRP.US) With Hold Rating, Raises Target Price to $69Market news · 3 Aug 2026
  • US Capital Advisors Upgrades TC Energy(TRP.US) to Buy Rating, Raises Target Price to $71.88Market news · 20 Aug 2026

TRP stock: common questions

Where is TRP trading right now?

$59.62 is the latest print for TRP, a move of -0.96% against yesterday's close of $60.20. Today's low and high so far: $59.40 and $60.95.

How big is TC Energy?

Equity value comes to $62.11B at the current price. By that measure it is number 259 of the 300 names in our coverage.

How is TC Energy valued against its profits?

Buyers pay 25.2 times the last twelve months of profit (EPS $2.32). Averaged over five years the multiple has been 4.3, and today's level ranks in the 61st percentile of its own history.

Where does TRP sit in its 52-week range?

The year's floor is $46.37 and the ceiling $70.90. Shares are 15.9% away from that ceiling.

Does TRP send cash back through a dividend?

It does. Payouts over the past twelve months work out to a 4.08% yield; the latest ex-dividend date was June 30, 2026.

What is the analyst view on TC Energy?

Of 13 analysts, 77% say buy, 23% hold and 0% sell. Price targets average $74.02, with the most cautious at $69.00 and the most optimistic at $77.93.

What does TC Energy do?

TC Energy owns natural gas pipelines and power assets in North America, and it spun off its liquids pipelines as South Bow.

BeStock publishes market data and analysis for information only. Nothing here is investment advice or a solicitation to buy or sell any security. Quotes may be delayed and figures can contain errors; check primary sources before you trade. How we source and calculate these pages.

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