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TC Energy Corp

Company price
87.08 CAD -1.85 ( 2.08%)
Last update at 2026-11-04T18:42:00Z
VOLUME
1370052
Market Cap
85643.66M
P/E
23.90

Momentum Score

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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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Day Price Range
86.48
Low
89.11
High
52 Week Price Range
61.15
Low
90.27
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

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.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
88.93
Dividend Yield
4.09%
Revenue TTM
15239.00M
Revenue Per Share
14.65
Gross Profit TTM
10519.00M
Debt / Equity
2.23
ROE
11.44%
Net Debt
60737.00M
ROCE
6.18%
Diluted EPS TTM
3.44

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

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

Peer Comparison*

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 - - -

Profile*

TC Energy Corp

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.

450 - 1 Street SW, Calgary, AB, Canada, T2P 5H1

403 920 2000

6574

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

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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