TC Energy (TRP.TO) Stock Price

TC Energy Price

🇨🇦TSX·CLOSED
95.17CAD
Market closed
Today +/-
Today %

TC Energy (TRP.TO) Stock | ISIN CA87807B1076 | WKN A2PJ41. The current TC Energy stock price is 95.17 CAD (2026). Revenue is 16.28 B CAD. Net income is 3.94 B CAD. The P/E ratio is 25.13. Market capitalization is 98.98 B CAD. TC Energy operates in the Energy sector.

TC Energy stock price

Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of TC Energy over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how TC Energy stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing TC Energy's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

TC Energy Stock Price History
DateTC Energy Price
Access this data via the Eulerpool API

TC Energy Revenue, EBIT, Net Income

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Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2006
7.52 B CAD
2.34 B CAD
1.08 B CAD
Jan 1, 2007
8.83 B CAD
2.71 B CAD
1.22 B CAD
Jan 1, 2008
8.55 B CAD
4.08 B CAD
2.63 B CAD
Jan 1, 2009
8.18 B CAD
4.08 B CAD
2.69 B CAD
Jan 1, 2010
6.85 B CAD
1.93 B CAD
1.23 B CAD
Jan 1, 2011
7.84 B CAD
2.75 B CAD
1.53 B CAD
Jan 1, 2012
8.01 B CAD
2.57 B CAD
1.3 B CAD
Jan 1, 2013
8.8 B CAD
2.88 B CAD
1.71 B CAD
Jan 1, 2014
10.19 B CAD
3.29 B CAD
1.74 B CAD
Jan 1, 2015
11.35 B CAD
3.53 B CAD
-1.24 B CAD
Jan 1, 2016
12.55 B CAD
4.02 B CAD
124 M CAD
Jan 1, 2017
13.45 B CAD
4.54 B CAD
3 B CAD
Jan 1, 2018
13.68 B CAD
5.68 B CAD
3.54 B CAD
Jan 1, 2019
13.26 B CAD
5.79 B CAD
3.98 B CAD
Jan 1, 2020
13 B CAD
5.8 B CAD
4.46 B CAD

TC Energy Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jun 10, 2026, 12:36 PM
 
REVENUE (M CAD)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (M CAD)
NET INCOME (M CAD)
NET INCOME GROWTH (%)
DIV. (CAD)
DIV. GROWTH (%)
SHARES (M)
DOCUMENTS
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales TC Energy generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue TC Energy retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare TC Energy's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares TC Energy has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against TC Energy's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

TC Energy stock margins

The TC Energy margin analysis displays the gross margin, EBIT margin, as well as the profit margin of TC Energy. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for TC Energy.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2006
67.94 %
31.16 %
14.35 %
Jan 1, 2007
65.68 %
30.68 %
13.85 %
Jan 1, 2008
65.18 %
47.78 %
30.76 %
Jan 1, 2009
60.73 %
49.86 %
32.92 %
Jan 1, 2010
69.8 %
28.23 %
17.99 %
Jan 1, 2011
69.92 %
35.11 %
19.47 %
Jan 1, 2012
67.82 %
32.12 %
16.22 %
Jan 1, 2013
69.6 %
32.69 %
19.46 %
Jan 1, 2014
70.81 %
32.32 %
17.11 %
Jan 1, 2015
70.91 %
31.1 %
-10.92 %
Jan 1, 2016
69.23 %
32.04 %
0.99 %
Jan 1, 2017
70.96 %
33.73 %
22.28 %
Jan 1, 2018
73.75 %
41.53 %
25.87 %
Jan 1, 2019
70.51 %
43.65 %
30 %
Jan 1, 2020
70.17 %
44.65 %
34.29 %

TC Energy Stock Revenue, EBIT, Earnings per Share

The TC Energy earnings per share therefore indicates how much revenue TC Energy has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2006
15.32 CAD
4.77 CAD
2.2 CAD
Jan 1, 2007
16.56 CAD
5.08 CAD
2.29 CAD
Jan 1, 2008
14.99 CAD
7.16 CAD
4.61 CAD
Jan 1, 2009
12.53 CAD
6.25 CAD
4.12 CAD
Jan 1, 2010
9.9 CAD
2.79 CAD
1.78 CAD
Jan 1, 2011
11.15 CAD
3.91 CAD
2.17 CAD
Jan 1, 2012
11.34 CAD
3.64 CAD
1.84 CAD
Jan 1, 2013
12.43 CAD
4.06 CAD
2.42 CAD
Jan 1, 2014
14.35 CAD
4.64 CAD
2.45 CAD
Jan 1, 2015
16.01 CAD
4.98 CAD
-1.75 CAD
Jan 1, 2016
16.51 CAD
5.29 CAD
0.16 CAD
Jan 1, 2017
15.39 CAD
5.19 CAD
3.43 CAD
Jan 1, 2018
15.15 CAD
6.29 CAD
3.92 CAD
Jan 1, 2019
14.24 CAD
6.21 CAD
4.27 CAD
Jan 1, 2020
13.83 CAD
6.17 CAD
4.74 CAD

TC Energy business model & stock analysis

TC Energy Corporation is a leading energy company in North America specializing in pipeline operations. The company is headquartered in Calgary, Alberta, Canada and has branches in the United States and Mexico. It was founded in 1951 as Trans-Canada Pipelines Limited to enable the construction of a pipeline from Alberta to Ontario. In recent decades, the company has experienced significant expansion and now operates over 92,600 kilometers of pipelines transporting gas, oil, and other energy sources. Its business model is centered around the construction, operation, and maintenance of pipelines and related facilities, as well as offering storage and compression services. TC Energy operates in three main business segments: pipelines and energy, power generation and services, and LNG. Its pipelines transport various energy sources across North America, and the company also operates hydroelectric power plants and provides LNG services. TC Energy offers a range of products and services tailored to the needs of its customers, including gas and oil pipeline transport, storage solutions, power generation and services, and LNG services. Its services include commissioning, inspection, maintenance, repair, around-the-clock support, and fast response times. Overall, TC Energy is a leading company in the energy industry, specializing in pipelines and the transportation of various energy sources, operating over 92,600 kilometers of pipelines in North America, and providing a wide range of products and services to ensure reliable energy supply for its customers.

TC Energy SWOT Analysis

Strengths

TC Energy Corp has several strengths that contribute to its success in the energy industry. Firstly, the company possesses a diverse and extensive portfolio of energy infrastructure assets, including pipelines, power generation facilities, and storage terminals. This broad asset base allows TC Energy Corp to generate stable cash flows and reduces its exposure to market volatility.

Additionally, the company has established strong relationships with key players in the energy sector, enabling it to secure long-term contracts and partnerships. TC Energy Corp's ability to maintain these strategic alliances positions it favorably in terms of market access, regulatory compliance, and project development.

Furthermore, TC Energy Corp has a proven track record in executing complex energy projects, demonstrating its expertise in managing large-scale infrastructure developments. This capability enhances the company's reputation and potential for future growth.

Weaknesses

Despite its strengths, TC Energy Corp also faces certain weaknesses that could impact its performance. One notable weakness is the company's dependence on the North American energy market. Changes in regulations, geopolitical factors, or industry disruptions could have significant consequences on TC Energy Corp's operations and financial results.

Additionally, TC Energy Corp may encounter challenges related to public perception and opposition to its projects, particularly those involving the construction of pipelines. These concerns often result in delays, increased costs, and potential reputational damage.

Opportunities

TC Energy Corp operates in an industry with significant growth potential, which presents various opportunities for the company. As the demand for cleaner and more sustainable energy sources increases, TC Energy Corp can leverage its expertise and infrastructure to expand its presence in the renewable energy sector. This diversification strategy would enable the company to tap into new markets and enhance its long-term sustainability.

Moreover, TC Energy Corp could benefit from the ongoing transition towards energy transition and decarbonization efforts. The company can invest in the development of low-carbon technologies, such as carbon capture and storage, to align with emerging environmental regulations and capitalize on the evolving market trends.

Threats

TC Energy Corp faces various threats that could hinder its growth prospects and operational performance. One significant threat is the increasing global focus on reducing greenhouse gas emissions, which may lead to stricter regulations and policies impacting the fossil fuel industry on which TC Energy Corp heavily relies. This shifting landscape could pose challenges to the company's existing business model.

Additionally, TC Energy Corp faces competition from other energy companies vying for market share and investment in renewable energy infrastructure. As the industry evolves, new entrants or existing competitors may gain advantages, potentially impacting TC Energy Corp's market position and profitability.

TC Energy Eulerpool Fair Value

TC Energy historical P/E ratio, EBIT multiple, and P/S ratio

TC Energy annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

TC Energy shares outstanding

The number of shares was TC Energy in 2025 — This indicates how many shares 1.04 B is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
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Number of stocks
Details
Date
Number of stocks
Jan 1, 2006
491 M base_Shares
Jan 1, 2007
533 M base_Shares
Jan 1, 2008
570 M base_Shares
Jan 1, 2009
653 M base_Shares
Jan 1, 2010
692 M base_Shares
Jan 1, 2011
703 M base_Shares
Jan 1, 2012
706 M base_Shares
Jan 1, 2013
708 M base_Shares
Jan 1, 2014
710 M base_Shares
Jan 1, 2015
709 M base_Shares
Jan 1, 2016
760 M base_Shares
Jan 1, 2017
874 M base_Shares
Jan 1, 2018
903 M base_Shares
Jan 1, 2019
931 M base_Shares
Jan 1, 2020
940 M base_Shares

TC Energy Dividend History

37 years of dividend payments

YearAnnual DividendYoY ChangePayments
20260.88CADYTD
Mar 31, 20260.88CAD 3.2%1/1
20253.4CAD 8.2%
Mar 31, 20250.85CAD 3.3%1/4
Jun 30, 20250.85CAD 0.0%2/4
Sep 29, 20250.85CAD 0.0%3/4
Dec 31, 20250.85CAD 0.0%4/4
20243.7CAD 0.5%
20233.72CAD 17.3%
20224.5CAD 3.4%
20214.35CAD 34.3%
20203.24CAD 8.0%
20193CAD 8.7%
20182.76CAD 10.4%
20172.5CAD 10.6%

TC Energy dividend history and estimates

In 2025, TC Energy paid a dividend amounting to 3.4 CAD. Dividend means that TC Energy distributes a portion of its profits to its owners.
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Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2006
1.28 CAD
0 CAD
Jan 1, 2007
1.36 CAD
0 CAD
Jan 1, 2008
1.44 CAD
0 CAD
Jan 1, 2009
1.52 CAD
0 CAD
Jan 1, 2010
1.6 CAD
0 CAD
Jan 1, 2011
1.68 CAD
0 CAD
Jan 1, 2012
1.76 CAD
0 CAD
Jan 1, 2013
1.84 CAD
0 CAD
Jan 1, 2014
1.92 CAD
0 CAD
Jan 1, 2015
2.08 CAD
0 CAD
Jan 1, 2016
2.26 CAD
0 CAD
Jan 1, 2017
2.5 CAD
0 CAD
Jan 1, 2018
2.76 CAD
0 CAD
Jan 1, 2019
3 CAD
0 CAD
Jan 1, 2020
3.24 CAD
0 CAD

TC Energy dividend payout ratio

In 2025, TC Energy had a payout ratio of 452.45%. The payout ratio indicates the percentage of the company's profits that TC Energy distributes as dividends.
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Payout ratio
Details
Date
Payout ratio
Jan 1, 2006
53.22 %
Jan 1, 2007
53.86 %
Jan 1, 2008
28.39 %
Jan 1, 2009
33.52 %
Jan 1, 2010
81.87 %
Jan 1, 2011
70.51 %
Jan 1, 2012
87.11 %
Jan 1, 2013
69.24 %
Jan 1, 2014
71.38 %
Jan 1, 2015
-108.25 %
Jan 1, 2016
1,286.5 %
Jan 1, 2017
66.57 %
Jan 1, 2018
64.29 %
Jan 1, 2019
63.99 %
Jan 1, 2020
62.25 %
Price targets and forecasts for TC Energy are not yet available.

TC Energy Earnings Estimates

TC Energy Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
4/26/20241.17CAD4.2 BCAD2024 Q1
2/12/20241.16CAD4.11 BCAD2023 Q4
7/26/20231.02CAD3.77 BCAD2023 Q2
4/27/20231.16CAD3.8 BCAD2023 Q1
2/13/20231.1CAD3.79 BCAD2022 Q4
11/9/20221CAD3.59 BCAD2022 Q3
7/28/20220.99CAD3.53 BCAD2022 Q2
4/29/20221.12CAD3.65 BCAD2022 Q1
2/15/20221.08CAD3.64 BCAD2021 Q4
11/5/20211CAD3.51 BCAD2021 Q3
...

EESG©

Eulerpool ESG Scorecard© for the TC Energy stock

51/100
60
Environment
52
Social
42
Governance
E

Environment

20
Scope 1 - Direct Emissions20,902,216
Scope 2 - Indirect emissions from purchased energy2,036,098
Scope 3 - Indirect emissions within the value chain4,434,415
Total CO₂ emissions22,938,314
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees29
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees
Hispano/Latino Management share
Percentage of Black employees
Black Management Share
Percentage of white employees
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

TC Energy shareholder structure

% Name
5.24005%
RBC Dominion Securities, Inc.
RBC Dominion Securities, Inc.
4.326%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
4.25745%
RBC Wealth Management, International
RBC Wealth Management, International
3.93613%
Capital Research Global Investors
Capital Research Global Investors
3.1819%
Capital International Investors
Capital International Investors
2.66458%
Fidelity Investments Canada ULC
Fidelity Investments Canada ULC
2.48842%
RBC Global Asset Management Inc.
RBC Global Asset Management Inc.
2.33979%
Goldman Sachs & Company, Inc.
Goldman Sachs & Company, Inc.
2.0808%
CIBC World Markets Inc.
CIBC World Markets Inc.
2.01796%
CPP Investment Board
CPP Investment Board
...

TC Energy Executives and Management Board

FP

Mr. Francois Poirier

(58)

President, Chief Executive Officer, Director · since 2017

Compensation15.18 M CAD
SC

Mr. Stanley Chapman

Executive Vice President, Chief Operating Officer - Natural Gas Pipelines

Compensation8.34 M CAD
SD

Mr. Sean O' Donnell

Chief Financial Officer, Executive Vice President

Compensation6.84 M CAD
TF

Ms. Tina Faraca

(57)

Executive Vice President, Chief Operating Officer - Natural Gas Pipelines

Compensation4.42 M CAD
JL

Mr. John Lowe

(66)

Non-Executive Independent Chairman of the Board

Compensation699,875 CAD

TC Energy Supply Chain

Frequently asked questions about TC Energy

The business model of TC Energy Corp, formerly known as TransCanada Corporation, is focused on energy infrastructure. The company operates natural gas pipelines, storage facilities, and power generation assets. TC Energy transports and delivers energy products, including natural gas, crude oil, and electricity, to customers across North America. They play a significant role in the energy sector by connecting growing supplies of energy to markets in a safe and reliable manner. With a strong emphasis on sustainability and innovation, TC Energy aims to meet the region's energy needs while minimizing environmental impact and contributing to economic growth.

All fundamentals and in-depth analysis of TC Energy

Our stock analysis for TC Energy Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of TC Energy Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.