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TC Energy TRP

US equityMarket cap rank #259Oil & Gas Midstream
$59.77
−$0.44 (-0.72%)
Market open · Sep 24, 1:10 pm ET
After hours $60.20 0.00%
Open$60.95
Prev close$60.20
Day range$59.40 – $60.95
Volume760.6K
Market cap$62.26B
P/E (TTM)25.2
Dividend yield4.07%

Earnings

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

+0.6%2023/Q3+2.4%2023/Q4+3.3%2024/Q1+1.5%2024/Q2+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
QuarterReport dateTimingImplied moveActual moveVersus implied
2026/Q230 Jul 2026Pre Market±3.8%+1.20%Within range
2026/Q11 May 2026Pre Market±2.5%-0.54%Within range
2025/Q413 Feb 2026Pre Market±1.9%+3.49%Bigger than priced
2025/Q36 Nov 2025Pre Market±1.3%+0.20%Within range
2025/Q231 Jul 2025Pre Market±2.6%+1.83%Within range
2025/Q11 May 2025Pre Market±3.7%-0.79%Within range
2024/Q414 Feb 2025Pre Market±2.2%-3.12%Bigger than priced
2024/Q37 Nov 2024Pre Market±4.0%+2.79%Within range
2024/Q21 Aug 2024Pre Market±2.2%+1.51%Within range
2024/Q13 May 2024Pre Market±2.3%+3.32%Bigger than priced
2023/Q416 Feb 2024Pre Market±2.4%+2.38%Bigger than priced
2023/Q38 Nov 2023Pre Market±1.7%+0.61%Within range
2023/Q228 Jul 2023Pre Market±3.5%-4.53%Bigger than priced
2023/Q128 Apr 2023Pre Market±4.7%+2.34%Within range
2022/Q414 Feb 2023Pre Market±4.0%+1.49%Within range
2022/Q39 Nov 2022Pre Market±3.8%+1.79%Within range

"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.

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%

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%
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