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TC Energy Corporation operates as an energy infrastructure company in North America. It operates through five segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; Liquids Pipelines; and Power and Energy Solutions. The company builds and operates a network of 93,700 kilometers of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses. It also has regulated natural gas storage facilities with a total working gas capacity of 532 billion cubic feet. In addition, it has approximately 4,900 kilometers of liquids pipeline system that connects Alberta crude oil pipeline to refining markets in Illinois, Oklahoma, and Texas. Further, the company owns or has interests in seven power generation facilities with a combined capacity of approximately 4,300 megawatts that are powered by natural gas and nuclear fuel sources located in Alberta, Ontario, Québec, and New Brunswick; and owns and operates approximately 118 billion cubic feet of non-regulated natural gas storage capacity in Alberta. The company was formerly known as TransCanada Corporation and changed its name to TC Energy Corporation in May 2019. TC Energy Corporation was incorporated in 1951 and is headquartered in Calgary, Canada.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
TC Energy operates natural gas and liquids pipelines plus power-generation assets across Canada, the U.S. and Mexico. Long-term growth depends on contracted and regulated pipeline revenues, North American natural gas demand as a transition fuel, and selective expansion projects that may support fee-based cash flows. Its scale and diversified portfolio appear positioned to offer relatively predictable income characteristics for investors.
Material risks include regulatory and permitting setbacks, project execution and cost-overrun exposure, throughput variability tied to commodity and demand, and interest-rate driven debt pressures.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | 1374.00M | 2166.00M | 5107.00M | 5187.00M | 3949.00M |
| Minority interest | -37.00M | -91.00M | 2075.00M | 1634.00M | 1655.00M |
| Net income | 748.00M | 1955.00M | 4616.00M | 4140.00M | 3702.00M |
| Selling general administrative | 848.00M | 774.00M | 727.00M | 727.00M | 569.00M |
| Gross profit | 6927.00M | 6680.00M | 6531.00M | 6513.00M | 6250.00M |
| Reconciled depreciation | 2584.00M | 2522.00M | 2590.00M | 2464.00M | 2350.00M |
| Ebit | 7279.00M | 7248.00M | 6996.00M | 6868.00M | 6319.00M |
| Ebitda | 9863.00M | 9770.00M | 9586.00M | 9332.00M | 8669.00M |
| Depreciation and amortization | 2584.00M | 2522.00M | 2590.00M | 2464.00M | 2350.00M |
| Non operating income net other | - | - | - | 0.00M | 0.00M |
| Operating income | 7279.00M | 7248.00M | 6996.00M | 6868.00M | 5681.00M |
| Other operating expenses | 8898.00M | 7481.00M | 7195.00M | 7469.00M | 7998.00M |
| Interest expense | 2219.00M | 2093.00M | 1879.00M | 1858.00M | 1739.00M |
| Tax provision | 589.00M | 120.00M | 194.00M | 754.00M | 599.00M |
| Interest income | 1573.00M | 444.00M | 213.00M | 953.00M | 1627.00M |
| Net interest income | -2073.00M | -1916.00M | -2015.00M | -1873.00M | -2265.00M |
| Extraordinary items | - | - | 0.00M | 0.00M | 167.00M |
| Non recurring | - | - | - | 0.00M | 0.00M |
| Other items | - | - | - | 0.00M | 0.00M |
| Income tax expense | 589.00M | 120.00M | 194.00M | 754.00M | 432.00M |
| Total revenue | 14977.00M | 13387.00M | 12999.00M | 13255.00M | 13679.00M |
| Total operating expenses | 848.00M | 774.00M | 727.00M | 727.00M | 569.00M |
| Cost of revenue | 8050.00M | 6707.00M | 6468.00M | 6742.00M | 7429.00M |
| Total other income expense net | -5905.00M | -5082.00M | -1889.00M | -1681.00M | 7.00M |
| Discontinued operations | - | - | - | 0.00M | 0.00M |
| Net income from continuing ops | 785.00M | 2046.00M | 4913.00M | 4433.00M | 3517.00M |
| Net income applicable to common shares | 641.00M | 1815.00M | 4457.00M | 3976.00M | 3539.00M |
| Preferred stock and other adjustments | - | - | - | 0.00M | 0.00M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Total assets | 114348.00M | 104218.00M | 100300.00M | 99279.00M | 98920.00M |
| Intangible assets | - | 14.00M | 231.00M | 2168.00M | 1921.00M |
| Other current assets | 2152.00M | 1717.00M | 880.00M | 627.00M | 1180.00M |
| Total liab | 80232.00M | 70822.00M | 66827.00M | 66882.00M | 67927.00M |
| Total stockholder equity | 33990.00M | 33271.00M | 31398.00M | 30763.00M | 29338.00M |
| Deferred long term liab | - | - | 231.00M | 1715.00M | 1051.00M |
| Other current liab | 1536.00M | 1366.00M | 1894.00M | 1230.00M | 2184.00M |
| Common stock | 28995.00M | 26716.00M | 24488.00M | 24387.00M | 23174.00M |
| Capital stock | 31494.00M | 30203.00M | 28468.00M | 28367.00M | 27154.00M |
| Retained earnings | 819.00M | 3773.00M | 5367.00M | 3955.00M | 2773.00M |
| Other liab | 12756.00M | 11113.00M | 10953.00M | 10550.00M | 10952.00M |
| Good will | 12843.00M | 12582.00M | 12679.00M | 12887.00M | 14178.00M |
| Other assets | 6448.00M | 5574.00M | 5949.00M | 6744.00M | 5932.00M |
| Cash | 620.00M | 673.00M | 1530.00M | 1343.00M | 446.00M |
| Cash and equivalents | 620.00M | 673.00M | 1530.00M | 1343.00M | 446.00M |
| Total current liabilities | 16907.00M | 13041.00M | 11987.00M | 12899.00M | 12946.00M |
| Current deferred revenue | 62.00M | 90.00M | 129.00M | 120.00M | -870.00M |
| Net debt | 57680.00M | 52093.00M | 48029.00M | 48556.00M | 49795.00M |
| Short term debt | 8160.00M | 6486.00M | 6148.00M | 7005.00M | 6224.00M |
| Short long term debt | 8160.00M | 6486.00M | 6148.00M | 7005.00M | 6224.00M |
| Short long term debt total | 58300.00M | 52766.00M | 49559.00M | 49899.00M | 50241.00M |
| Other stockholder equity | 722.00M | 729.00M | 2.00M | 3596.00M | 17.00M |
| Property plant equipment | 75940.00M | 70182.00M | 69775.00M | 65489.00M | 66503.00M |
| Total current assets | 7332.00M | 7423.00M | 5201.00M | 7651.00M | 5135.00M |
| Long term investments | 9535.00M | 8441.00M | 6677.00M | 6506.00M | 7113.00M |
| Net tangible assets | 18648.00M | 17202.00M | 14739.00M | 13896.00M | 11180.00M |
| Short term investments | - | - | 188.00M | 0.00M | 717.00M |
| Net receivables | 3624.00M | 4309.00M | 2162.00M | 2422.00M | 2535.00M |
| Long term debt | 50140.00M | 46280.00M | 43411.00M | 42894.00M | 44017.00M |
| Inventory | 936.00M | 724.00M | 629.00M | 452.00M | 431.00M |
| Accounts payable | 7149.00M | 5099.00M | 3816.00M | 4544.00M | 5408.00M |
| Total permanent equity | - | - | - | 0.00M | 0.00M |
| Noncontrolling interest in consolidated entity | - | - | - | 0.00M | 0.00M |
| Temporary equity redeemable noncontrolling interests | - | - | - | 0.00M | 0.00M |
| Accumulated other comprehensive income | 955.00M | -1434.00M | -2439.00M | -1559.00M | -606.00M |
| Additional paid in capital | - | - | - | 0.00M | 0.00M |
| Common stock total equity | - | - | 24488.00M | 24387.00M | 23174.00M |
| Preferred stock total equity | - | - | - | 0.00M | 0.00M |
| Retained earnings total equity | - | - | - | 0.00M | 0.00M |
| Treasury stock | - | - | - | 0.00M | 0.00M |
| Accumulated amortization | - | - | - | 0.00M | 0.00M |
| Non currrent assets other | 5733.00M | 5081.00M | 5791.00M | 4541.00M | 3748.00M |
| Deferred long term asset charges | - | - | - | 0.00M | 0.00M |
| Non current assets total | 107016.00M | 96795.00M | 95099.00M | 91628.00M | 93785.00M |
| Capital lease obligations | 379.00M | 380.00M | 427.00M | 476.00M | 0.00M |
| Long term debt total | 50140.00M | 46280.00M | 43411.00M | 42894.00M | 44017.00M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | -7009.00M | -1137.00M | -765.00M | -6872.00M | -10019.00M |
| Change to liabilities | -83.00M | 890.00M | -162.00M | 352.00M | -70.00M |
| Total cashflows from investing activities | -7009.00M | -7712.00M | -6052.00M | -6872.00M | -10019.00M |
| Net borrowings | 2944.00M | 4470.00M | 1573.00M | 2614.00M | 3505.00M |
| Total cash from financing activities | 487.00M | -88.00M | -800.00M | 693.00M | 2748.00M |
| Change to operating activities | 209.00M | -159.00M | -239.00M | -48.00M | 86.00M |
| Net income | 785.00M | 2046.00M | 4913.00M | 4433.00M | 3517.00M |
| Change in cash | -53.00M | -857.00M | 187.00M | 897.00M | -643.00M |
| Begin period cash flow | 673.00M | 1530.00M | 1343.00M | 446.00M | 1089.00M |
| End period cash flow | 620.00M | 673.00M | 1530.00M | 1343.00M | 446.00M |
| Total cash from operating activities | 6375.00M | 6890.00M | 7058.00M | 7082.00M | 6555.00M |
| Issuance of capital stock | 1905.00M | 148.00M | 91.00M | 253.00M | 1197.00M |
| Depreciation | 2584.00M | 2522.00M | 2590.00M | 2464.00M | 2350.00M |
| Other cashflows from investing activities | -282.00M | -686.00M | -471.00M | -704.00M | -4.00M |
| Dividends paid | -3298.00M | -3458.00M | -3146.00M | -1958.00M | 1729.00M |
| Change to inventory | -190.00M | -93.00M | -55.00M | -42.00M | -49.00M |
| Change to account receivables | -575.00M | -925.00M | 129.00M | 31.00M | -69.00M |
| Sale purchase of stock | -1000.00M | -500.00M | 5550.00M | 6116.00M | 7055.00M |
| Other cashflows from financing activities | 4218.00M | 11480.00M | 682.00M | -216.00M | -176.00M |
| Change to netincome | 3682.00M | 2700.00M | 179.00M | 185.00M | 605.00M |
| Capital expenditures | 6727.00M | 5924.00M | 8135.00M | 8182.00M | 9914.00M |
| Change receivables | - | - | - | 0.00M | 0.00M |
| Cash flows other operating | - | - | - | 0.00M | 0.00M |
| Exchange rate changes | - | - | - | 0.00M | 0.00M |
| Cash and cash equivalents changes | - | - | - | 0.00M | 0.00M |
| Change in working capital | -639.00M | -287.00M | -327.00M | 293.00M | -102.00M |
| Stock based compensation | - | 3052.00M | 118.00M | 182.00M | 1087.00M |
| Other non cash items | 3471.00M | -258.00M | -178.00M | -345.00M | -414.00M |
| Free cash flow | -352.00M | 966.00M | -1077.00M | -1100.00M | -3359.00M |
Sector: Energy Industry: Oil & Gas Midstream
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| TRP TC Energy Corp |
-0.66 1.05% |
61.92 | - | 12.56 | 2.97 | 1.74 | 5.74 | 14.94 |
| EBBNF Enbridge Inc |
- -% |
25.00 | 11.23 | - | 1.48 | - | - | - |
| EPD Enterprise Products Partners LP |
- -% |
37.03 | 13.38 | 12.24 | 1.43 | 2.76 | 2.01 | 11.37 |
| ENB Enbridge Inc |
-1.22 2.54% |
46.89 | 32.07 | 17.33 | 1.67 | 1.73 | 2.98 | 10.28 |
| ET Energy Transfer LP |
-0.29 1.51% |
18.90 | 14.71 | 12.67 | 0.68 | 2.09 | 1.33 | 8.25 |
TC Energy Corporation operates as an energy infrastructure company in North America. It operates through five segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; Liquids Pipelines; and Power and Energy Solutions. The company builds and operates a network of 93,700 kilometers of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses. It also has regulated natural gas storage facilities with a total working gas capacity of 532 billion cubic feet. In addition, it has approximately 4,900 kilometers of liquids pipeline system that connects Alberta crude oil pipeline to refining markets in Illinois, Oklahoma, and Texas. Further, the company owns or has interests in seven power generation facilities with a combined capacity of approximately 4,300 megawatts that are powered by natural gas and nuclear fuel sources located in Alberta, Ontario, Québec, and New Brunswick; and owns and operates approximately 118 billion cubic feet of non-regulated natural gas storage capacity in Alberta. The company was formerly known as TransCanada Corporation and changed its name to TC Energy Corporation in May 2019. TC Energy Corporation was incorporated in 1951 and is headquartered in Calgary, Canada.
| Name | Title | Year Born |
|---|---|---|
| Mr. Francois Lionel Poirier | CEO, Pres & Director | 1966 |
| Mr. Joel E. Hunter | Exec. VP & CFO | 1967 |
| Mr. Bevin Mark Wirzba M.B.A., MBA, P.Eng. | EVP of Strategy & Corp. Dev. and Group Exec. of Canadian Natural Gas & Liquids Pipelines | NA |
| Mr. Stanley Graham Chapman III | Exec. VP and Group Exec. of U.S. & Mexico Natural Gas Pipelines | 1966 |
| Ms. Tracy A. Robinson | Exec. Advisor | 1964 |
| Mr. Jawad A. Masud | Sr. Vice-Pres of Technical Centre | NA |
| Gavin Wylie | Vice-Pres of Investor Relations | NA |
| Mr. Patrick M. Keys | Exec. VP, Gen. Counsel and Chief Compliance & Sustainability Officer | NA |
| Mr. Richard J. Prior | Pres of Liquids Pipelines. | NA |
| Mr. Shawn L. Patterson | Sr. VP of Operations - U.S. Natural Gas Pipelines | 1974 |
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