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TC Energy Corporation operates as an energy infrastructure company in Canada, the United States, and Mexico. It operates through four segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; and Power and Energy Solutions. The company builds and operates a network of 94,171 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, the company owns or has interests in power generation facilities with approximately 4,650 megawatts; and owns and operates approximately 118 billion cubic feet of non-regulated natural gas storage facilities in Alberta, Ontario, Québec, and New Brunswick. The company was formerly known as TransCanada Corporation and changed its name to TC Energy Corporation in May 2019. TC Energy Corporation was founded 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 Corp operates a large network of natural gas and liquids pipelines, storage and power generation assets across Canada, the U.S. and Mexico. Its long-term growth drivers include stable regulated pipeline tolls and contract-backed flows, investments in export-related gas infrastructure that could support LNG supply, and cash flow from diversified energy infrastructure which may benefit income-oriented investors.
Key risks include regulatory and permitting uncertainty, Indigenous and community opposition, capital intensity and elevated debt exposing it to financing and execution risk, and exposure to commodity and power market volatility.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 5444.00M | 5906.00M | 3298.00M | 1374.00M | 2166.00M |
| Minority interest | -575.00M | -681.00M | -146.00M | -37.00M | -91.00M |
| Net income | 3519.00M | 4698.00M | 2922.00M | 748.00M | 1955.00M |
| Selling general administrative | 881.00M | 820.00M | 781.00M | 848.00M | 774.00M |
| Gross profit | 7604.00M | 6606.00M | 6668.00M | 6927.00M | 6680.00M |
| Reconciled depreciation | 2769.00M | 2788.00M | 2778.00M | 2584.00M | 2522.00M |
| Ebit | 6723.00M | 8429.00M | 5880.00M | 7279.00M | 7248.00M |
| Ebitda | 9492.00M | 11217.00M | 8658.00M | 9863.00M | 9770.00M |
| Depreciation and amortization | 2769.00M | 2788.00M | 2778.00M | 2584.00M | 2522.00M |
| Operating income | 6723.00M | 5786.00M | 5887.00M | 7279.00M | 7248.00M |
| Other operating expenses | 8477.00M | 7985.00M | 7380.00M | 8898.00M | 7481.00M |
| Interest expense | 3395.00M | 3007.00M | 2582.00M | 2219.00M | 2093.00M |
| Tax provision | 1138.00M | 922.00M | 942.00M | 589.00M | 120.00M |
| Interest income | 1771.00M | 1730.00M | 242.00M | 1573.00M | 1262.00M |
| Net interest income | -2749.00M | -2139.00M | -2446.00M | -2073.00M | -1916.00M |
| Extraordinary items | -212.00M | 395.00M | 612.00M | - | - |
| Income tax expense | 1138.00M | 922.00M | 842.00M | 589.00M | 120.00M |
| Total revenue | 15200.00M | 13771.00M | 13267.00M | 14977.00M | 13387.00M |
| Total operating expenses | 881.00M | 820.00M | 781.00M | 848.00M | 774.00M |
| Cost of revenue | 7596.00M | 7165.00M | 6599.00M | 8050.00M | 6707.00M |
| Total other income expense net | -1279.00M | 120.00M | -2589.00M | -5905.00M | -5082.00M |
| Net income from continuing ops | 4306.00M | 4984.00M | 3068.00M | 785.00M | 2046.00M |
| Net income applicable to common shares | 3400.00M | 4594.00M | 2829.00M | 641.00M | 1815.00M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 118751.00M | 118243.00M | 125034.00M | 114348.00M | 104218.00M |
| Intangible assets | 81.00M | - | - | - | 14.00M |
| Other current assets | 2263.00M | 280.00M | 2232.00M | 2152.00M | 1717.00M |
| Total liab | 81852.00M | 79883.00M | 86026.00M | 80232.00M | 70822.00M |
| Total stockholder equity | 27295.00M | 27592.00M | 29553.00M | 33990.00M | 33271.00M |
| Other current liab | 3844.00M | 1535.00M | 3920.00M | 1536.00M | 1366.00M |
| Common stock | 30218.00M | - | 30002.00M | 28995.00M | 26716.00M |
| Capital stock | 32473.00M | 32600.00M | 32501.00M | 31494.00M | 30203.00M |
| Retained earnings | -5925.00M | -5241.00M | -2997.00M | 819.00M | 3773.00M |
| Other liab | - | - | - | 12756.00M | 11113.00M |
| Good will | 13016.00M | 13670.00M | 12532.00M | 12843.00M | 12582.00M |
| Other assets | 8133.00M | - | - | 6448.00M | 5574.00M |
| Cash | 261.00M | 801.00M | 3798.00M | 620.00M | 673.00M |
| Cash and equivalents | 168.00M | - | - | 620.00M | 673.00M |
| Total current liabilities | 9959.00M | 10511.00M | 11817.00M | 16907.00M | 13041.00M |
| Current deferred revenue | 46.00M | - | 69.00M | 62.00M | 90.00M |
| Net debt | 60737.00M | 58565.00M | 59862.00M | 57680.00M | 52093.00M |
| Short term debt | 2806.00M | - | 2996.00M | 8160.00M | 6486.00M |
| Short long term debt | 2745.00M | 3342.00M | 2938.00M | 8160.00M | 6486.00M |
| Short long term debt total | 60998.00M | - | 63660.00M | 58300.00M | 52766.00M |
| Other stockholder equity | 116.00M | - | - | 722.00M | 729.00M |
| Property plant equipment | 71054.00M | - | - | 75940.00M | 70182.00M |
| Total current assets | 6316.00M | 5733.00M | 11372.00M | 7332.00M | 7423.00M |
| Long term investments | 11358.00M | 10636.00M | 10314.00M | 9535.00M | 8441.00M |
| Net tangible assets | - | - | - | 18648.00M | 17202.00M |
| Short term investments | 1669.00M | - | 1266.00M | - | - |
| Net receivables | 3010.00M | 2611.00M | 4360.00M | 3624.00M | 4309.00M |
| Long term debt | 57452.00M | 56024.00M | 60263.00M | 50140.00M | 46280.00M |
| Inventory | 782.00M | 747.00M | 982.00M | 936.00M | 724.00M |
| Accounts payable | 3263.00M | 3699.00M | 4832.00M | 7149.00M | 5099.00M |
| Accumulated other comprehensive income | 747.00M | - | 49.00M | 955.00M | -1434.00M |
| Non currrent assets other | 4170.00M | 6146.00M | 3404.00M | 5733.00M | 5081.00M |
| Non current assets total | 112435.00M | 112510.00M | 113662.00M | 107016.00M | 96795.00M |
| Capital lease obligations | 431.00M | 511.00M | 401.00M | 379.00M | 380.00M |
| Long term debt total | 57452.00M | - | - | 50140.00M | 46280.00M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | - | -6909.00M | -12385.00M | -7009.00M | -1137.00M |
| Change to liabilities | - | - | - | -83.00M | 890.00M |
| Total cashflows from investing activities | -6463.00M | -6909.00M | -12287.00M | -7009.00M | -7712.00M |
| Net borrowings | 2829.00M | - | - | 2944.00M | 4470.00M |
| Total cash from financing activities | -1516.00M | -3874.00M | 8093.00M | 487.00M | -88.00M |
| Change to operating activities | - | - | - | 209.00M | -159.00M |
| Net income | 3731.00M | 5379.00M | 2922.00M | 785.00M | 2046.00M |
| Change in cash | -668.00M | -2877.00M | 3058.00M | -53.00M | -857.00M |
| Begin period cash flow | 929.00M | 3678.00M | 620.00M | 673.00M | 1530.00M |
| End period cash flow | 261.00M | 801.00M | 3678.00M | 620.00M | 673.00M |
| Total cash from operating activities | 7351.00M | 7696.00M | 7268.00M | 6375.00M | 6890.00M |
| Issuance of capital stock | 104.00M | 88.00M | 9.00M | 1905.00M | 148.00M |
| Depreciation | 2769.00M | 2788.00M | 2778.00M | 2584.00M | 2522.00M |
| Other cashflows from investing activities | -126.00M | -551.00M | -4138.00M | -282.00M | -686.00M |
| Dividends paid | 3621.00M | 4052.00M | 2879.00M | 3298.00M | 3458.00M |
| Change to inventory | -55.00M | -16.00M | -56.00M | -190.00M | -93.00M |
| Change to account receivables | -332.00M | -13.00M | -394.00M | -575.00M | -925.00M |
| Sale purchase of stock | -250.00M | 88.00M | 4.00M | -1000.00M | -500.00M |
| Other cashflows from financing activities | -578.00M | -532.00M | 5155.00M | -1064.00M | -1248.00M |
| Change to netincome | - | - | - | 3682.00M | 2700.00M |
| Capital expenditures | 5270.00M | 6358.00M | 8149.00M | 6727.00M | 5924.00M |
| Change in working capital | -503.00M | 199.00M | 207.00M | -639.00M | -287.00M |
| Stock based compensation | - | - | 9.00M | 10.00M | 12.00M |
| Other non cash items | 588.00M | -744.00M | 1341.00M | 3461.00M | -258.00M |
| Free cash flow | 2081.00M | 1338.00M | -881.00M | -352.00M | 966.00M |
Sector: Energy Industry: Oil & Gas Midstream
|
Stock Name
|
Change
(CAD) |
Price
(CAD) |
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 |
-1.85 2.08% |
87.08 | 23.90 | 22.42 | 5.62 | 3.45 | 9.79 | 13.49 |
| ENB Enbridge Inc |
-0.51 0.74% |
68.08 | 22.18 | 23.15 | 2.38 | 2.80 | 4.09 | 13.04 |
| ENB-PJ Enbridge Inc Pref 7 |
-0.07 0.28% |
24.50 | 6.36 | - | 2.38 | - | - | - |
| ENB-PP Enbridge Srs P Cum Red Prf |
0.07 0.29% |
24.37 | 6.30 | - | 2.38 | - | - | - |
| ENB-PY Enbridge Inc Pref 3 |
0.10 0.44% |
22.98 | 5.61 | - | 2.36 | - | - | - |
TC Energy Corporation operates as an energy infrastructure company in Canada, the United States, and Mexico. It operates through four segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; and Power and Energy Solutions. The company builds and operates a network of 94,171 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, the company owns or has interests in power generation facilities with approximately 4,650 megawatts; and owns and operates approximately 118 billion cubic feet of non-regulated natural gas storage facilities in Alberta, Ontario, Québec, and New Brunswick. The company was formerly known as TransCanada Corporation and changed its name to TC Energy Corporation in May 2019. TC Energy Corporation was founded 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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