TC Energy (TRP.TO) Stock Price

TC Energy Price

TSX·CLOSED
92.47CAD-1.93 (-2.07 %)
Market closed

Revenue has compounded at 3.8% per year over the past 19 years to 15.20 B CAD. Earnings per share have grown at 2.5% per year over the last 19 years. TC Energy's net margin stands at 23.2%, up from 14.6% several years earlier. TC Energy currently offers a dividend yield of about 3.68%. The payout ratio is around 101% of earnings. The dividend has grown at 5.3% per year over the past 19 years. Analysts set a median price target of 81.60 CAD, implying 11.8% below the current price. Of 25 analysts, 17 rate the stock a buy — an overall Buy consensus. The stock trades about 38% above its 52-week low.

TC Energy stock price

Volume
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
8/4/202692.47 CAD
7/31/202694.40 CAD
7/30/202695.31 CAD
7/29/202695.51 CAD
7/27/202696.83 CAD
7/23/202698.46 CAD
7/22/202698.33 CAD
7/21/202696.82 CAD
7/20/202696.35 CAD
7/17/202697.79 CAD
7/16/202698.31 CAD
7/15/202697.10 CAD
7/14/202696.43 CAD
7/13/202695.87 CAD
7/10/202695.37 CAD
7/9/202696.32 CAD
7/8/202697.70 CAD
7/7/202697.68 CAD
7/6/202695.12 CAD
7/3/202694.50 CAD
7/2/202693.99 CAD
6/30/202693.92 CAD
6/29/202698.05 CAD
6/26/202698.83 CAD
6/25/202699.60 CAD
6/24/202698.67 CAD
6/23/202698.73 CAD
6/22/202696.91 CAD
6/19/202696.77 CAD
6/18/202695.70 CAD
6/17/202696.03 CAD
6/16/202696.54 CAD
6/15/202696.25 CAD
6/12/202697.78 CAD
6/11/202697.78 CAD
6/10/202695.80 CAD
6/9/202695.13 CAD
6/8/202695.17 CAD
6/5/202696.75 CAD
6/4/202694.95 CAD
6/3/202694.94 CAD
6/2/202693.69 CAD
6/1/202692.47 CAD
5/29/202692.37 CAD
5/28/202693.80 CAD
5/27/202694.80 CAD
5/26/202695.96 CAD
5/25/202697.34 CAD
5/22/202697.49 CAD
5/21/202697.94 CAD
5/20/202696.42 CAD
5/19/202695.45 CAD
5/15/202694.00 CAD
5/14/202693.59 CAD
5/13/202691.98 CAD
5/12/202690.85 CAD
5/11/202689.69 CAD
5/8/202688.61 CAD
5/7/202688.77 CAD
5/6/202689.44 CAD
5/5/202690.33 CAD
5/4/202689.94 CAD
5/1/202690.63 CAD
4/30/202691.08 CAD
4/29/202687.56 CAD
4/28/202686.19 CAD
4/27/202684.48 CAD
4/24/202684.79 CAD
4/23/202683.43 CAD
4/22/202682.12 CAD
4/21/202682.21 CAD
4/20/202683.03 CAD
4/17/202682.92 CAD
4/16/202682.77 CAD
4/15/202683.68 CAD
4/14/202684.69 CAD
4/13/202686.11 CAD
4/10/202688.39 CAD
4/9/202688.64 CAD
4/8/202688.55 CAD
4/7/202688.15 CAD
4/6/202687.28 CAD
4/2/202688.16 CAD
3/27/202688.02 CAD
3/26/202688.23 CAD
3/25/202688.47 CAD
3/24/202688.24 CAD
3/23/202687.42 CAD
3/20/202686.90 CAD
3/19/202688.15 CAD
3/18/202688.18 CAD
3/17/202687.60 CAD
3/16/202687.93 CAD
3/13/202687.29 CAD
3/12/202686.09 CAD
3/11/202685.74 CAD
3/10/202686.55 CAD
3/9/202686.06 CAD
3/6/202686.62 CAD
3/5/202687.24 CAD
2/26/202686.23 CAD
2/25/202686.33 CAD
2/24/202686.90 CAD
2/23/202686.50 CAD
2/20/202685.34 CAD
2/19/202685.63 CAD
2/18/202684.44 CAD
2/17/202684.91 CAD
2/13/202686.40 CAD
2/12/202683.94 CAD
2/11/202682.80 CAD
2/10/202681.57 CAD
2/9/202681.68 CAD
2/6/202681.70 CAD
2/5/202681.93 CAD
2/4/202681.02 CAD
2/3/202680.85 CAD
2/2/202679.83 CAD
1/30/202679.53 CAD
1/29/202680.16 CAD
1/28/202679.03 CAD
1/27/202678.27 CAD
1/26/202677.24 CAD
1/23/202676.99 CAD
1/22/202675.55 CAD
1/21/202674.63 CAD
1/20/202675.10 CAD
1/19/202675.99 CAD
1/16/202676.41 CAD
1/15/202675.55 CAD
1/14/202676.22 CAD
1/13/202675.54 CAD
1/12/202674.58 CAD
1/9/202674.90 CAD
1/8/202674.17 CAD
1/7/202673.64 CAD
1/6/202674.70 CAD
1/5/202676.79 CAD
1/2/202676.93 CAD
12/31/202575.33 CAD
12/30/202576.94 CAD
12/29/202576.62 CAD
12/24/202576.67 CAD
12/23/202576.46 CAD
12/22/202575.48 CAD
12/19/202574.97 CAD
12/18/202574.52 CAD
12/17/202574.46 CAD
12/16/202573.83 CAD
12/15/202575.47 CAD
12/12/202575.13 CAD
12/11/202574.87 CAD
12/10/202574.17 CAD
12/9/202574.96 CAD
12/8/202575.78 CAD
12/5/202575.80 CAD
12/4/202576.28 CAD
12/3/202574.84 CAD
12/2/202575.33 CAD
12/1/202575.99 CAD
11/28/202575.82 CAD
11/27/202576.04 CAD
11/26/202575.99 CAD
11/25/202575.70 CAD
11/24/202575.89 CAD
11/21/202575.95 CAD
11/20/202576.50 CAD
11/19/202576.77 CAD
11/18/202575.72 CAD
11/17/202576.61 CAD
11/14/202577.45 CAD
11/13/202576.26 CAD
11/12/202576.59 CAD
11/11/202574.97 CAD
11/10/202574.77 CAD
11/7/202573.26 CAD
11/6/202570.99 CAD
11/5/202571.02 CAD
11/4/202570.06 CAD
11/3/202570.35 CAD
10/31/202570.63 CAD
10/30/202570.60 CAD
10/29/202570.18 CAD
10/28/202570.75 CAD
10/27/202570.68 CAD
10/24/202570.32 CAD
10/23/202571.32 CAD
10/22/202572.50 CAD
10/21/202571.91 CAD
10/20/202572.33 CAD
10/17/202572.10 CAD
10/16/202572.13 CAD
10/15/202572.68 CAD
10/14/202573.27 CAD
10/10/202573.93 CAD
10/9/202573.90 CAD
10/8/202575.62 CAD
10/7/202576.29 CAD
10/6/202576.09 CAD
10/3/202576.90 CAD
10/2/202575.75 CAD
10/1/202575.12 CAD
9/30/202575.67 CAD
9/28/202574.38 CAD
9/25/202574.43 CAD
9/24/202574.87 CAD
9/23/202573.78 CAD
9/22/202573.23 CAD
9/19/202572.57 CAD
9/18/202572.65 CAD
9/17/202572.13 CAD
9/16/202571.64 CAD
9/15/202571.98 CAD
9/12/202572.45 CAD
9/11/202571.86 CAD
9/10/202571.99 CAD
9/9/202571.95 CAD
9/8/202571.70 CAD
9/5/202571.59 CAD
9/4/202571.07 CAD
9/3/202571.88 CAD
9/2/202571.18 CAD
8/29/202571.52 CAD
8/28/202571.03 CAD
8/27/202570.74 CAD
8/26/202570.50 CAD
8/25/202570.40 CAD
8/22/202570.84 CAD
8/21/202571.62 CAD
8/20/202571.95 CAD
8/19/202570.93 CAD
8/18/202569.67 CAD
8/15/202570.38 CAD
8/14/202570.84 CAD
8/13/202570.30 CAD
8/12/202569.05 CAD
8/11/202569.06 CAD
8/8/202567.97 CAD
8/7/202568.27 CAD
8/6/202568.42 CAD
8/5/202567.18 CAD
Access this data via the Eulerpool API

TC Energy Revenue, EBIT, Net Income

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  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2023
13.27 B CAD
5.89 B CAD
2.92 B CAD
Jan 1, 2024
13.77 B CAD
7.93 B CAD
4.70 B CAD
Jan 1, 2025
15.20 B CAD
6.72 B CAD
3.52 B CAD
Jan 1, 2026 (e)
15.90 B CAD
6.88 B CAD
3.81 B CAD
Jan 1, 2027 (e)
16.63 B CAD
7.20 B CAD
4.03 B CAD
Jan 1, 2028 (e)
17.28 B CAD
7.48 B CAD
4.26 B CAD
Jan 1, 2029 (e)
18.19 B CAD
7.88 B CAD
4.55 B CAD
Jan 1, 2030 (e)
18.75 B CAD
8.12 B CAD
4.96 B CAD

TC Energy Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 5, 2026, 5:59 PM
 
REVENUEB CAD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB CAD
EBITB CAD
EBIT MARGIN%
NET INCOMEB CAD
NET INCOME GROWTH%
DIV.CAD
DIV. GROWTH%
SHARESB
201520162017201820192020202120222023202420252026e2027e2028e2029e2030e
11.3512.5513.4513.6813.2613.0013.3912.3113.2713.7715.2015.9016.6317.2818.1918.75
11.4710.527.191.71-3.10-1.932.98-8.057.783.8010.384.594.613.915.263.05
35.6636.4637.9745.6949.1450.2449.9047.1050.2647.9750.0350.0350.0350.0350.0350.03
4.054.585.116.256.516.536.685.806.676.617.607.958.328.659.109.38
3.532.214.545.685.795.805.915.075.897.936.726.887.207.487.888.12
31.1017.5733.7341.5343.6544.6544.1241.1944.3757.5544.2343.2943.3043.3043.3043.30
-1.150.233.163.704.144.621.960.752.924.703.523.814.034.264.554.96
-162.28-120.331,254.9417.2611.8311.50-57.65-61.74290.6460.78-25.108.355.595.716.958.96
2.082.262.502.763.003.244.354.503.723.703.403.513.613.71
8.338.6510.6210.408.708.0034.263.45-17.33-0.54-8.113.242.852.77
0.710.830.880.920.940.940.981.021.041.041.041.041.041.041.041.04
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.
  • 3 Years

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  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
49.90 %
44.12 %
14.60 %
Jan 1, 2022
47.10 %
41.19 %
6.08 %
Jan 1, 2023
50.26 %
44.37 %
22.02 %
Jan 1, 2024
47.97 %
57.55 %
34.12 %
Jan 1, 2025
50.03 %
44.23 %
23.15 %
Jan 1, 2026 (e)
50.03 %
43.30 %
23.99 %
Jan 1, 2027 (e)
50.03 %
43.30 %
24.21 %
Jan 1, 2028 (e)
50.03 %
43.30 %
24.63 %

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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  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
13.65 CAD
6.02 CAD
1.99 CAD
Jan 1, 2022
12.12 CAD
4.99 CAD
0.74 CAD
Jan 1, 2023
12.79 CAD
5.68 CAD
2.82 CAD
Jan 1, 2024
13.27 CAD
7.63 CAD
4.53 CAD
Jan 1, 2025
14.60 CAD
6.46 CAD
3.38 CAD
Jan 1, 2026 (e)
15.29 CAD
6.61 CAD
3.67 CAD
Jan 1, 2027 (e)
15.99 CAD
6.92 CAD
3.87 CAD
Jan 1, 2028 (e)
16.62 CAD
7.19 CAD
4.09 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

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

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 of TC Energy was 1.04 B in 2025. This indicates how many shares TC Energy is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
  • 3 Years

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  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
981.00 M Stocks
Jan 1, 2022
1.02 B Stocks
Jan 1, 2023
1.04 B Stocks
Jan 1, 2024
1.04 B Stocks
Jan 1, 2025
1.04 B Stocks
Jan 1, 2026 (e)
1.04 B Stocks
Jan 1, 2027 (e)
1.04 B Stocks
Jan 1, 2028 (e)
1.04 B Stocks

TC Energy stock splits

In TC Energy's history, there have been no stock splits.

TC Energy Dividend History

37 years of dividend payments

YearAnnual DividendYoY ChangePayments
20260.88CADYTD
Mar 31, 20260.88CAD 3.2%1/1
20253.40CAD 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
20243.70CAD 0.5%
20233.72CAD 17.3%
20224.50CAD 3.4%
20214.35CAD 34.3%
20203.24CAD 8.0%
20193.00CAD 8.7%
20182.76CAD 10.4%
20172.50CAD 10.6%

TC Energy dividend history and estimates

In 2025, TC Energy paid a dividend amounting to 3.40 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, 2021
4.35 CAD
0.00 CAD
Jan 1, 2022
4.50 CAD
0.00 CAD
Jan 1, 2023
3.72 CAD
0.00 CAD
Jan 1, 2024
3.70 CAD
0.00 CAD
Jan 1, 2025
3.40 CAD
0.00 CAD
Jan 1, 2026 (e)
0.88 CAD
2.63 CAD
Jan 1, 2027 (e)
0.00 CAD
3.61 CAD
Jan 1, 2028 (e)
0.00 CAD
3.71 CAD

TC Energy dividend payout ratio

In 2025, TC Energy had a payout ratio of 100.58%. The payout ratio indicates the percentage of the company's profits that TC Energy distributes as dividends.
  • 3 Years

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  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2021
202.68 %
Jan 1, 2022
556.79 %
Jan 1, 2023
120.24 %
Jan 1, 2024
76.12 %
Jan 1, 2025
100.58 %
Jan 1, 2026 (e)
95.73 %
Jan 1, 2027 (e)
93.26 %
Jan 1, 2028 (e)
90.75 %

Current TC Energy forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
0.00 %
Buy
68.00 % (17)
Hold
24.00 % (6)
Sell
8.00 % (2)
12M Price Target
81.60
Last Price
92.47
Currency
CAD
12M Return Potential
-11.76 %
LTM Return
0 %

TC Energy Analyst Rating Actions

DateFirmActionRatingReliability
7/31/2026
RBC Capital
RBC Capital
MaintainedOutperform52
5/4/2026
RBC Capital
RBC Capital
MaintainedOutperform52
4/20/2026
Goldman Sachs
Goldman Sachs
UpgradeSellNeutral
2/18/2026
Goldman Sachs
Goldman Sachs
MaintainedSell
2/17/2026
RBC Capital
RBC Capital
MaintainedOutperform52
2/17/2026
CIBC
CIBC
DowngradeOutperformNeutral
11/7/2025
RBC Capital
RBC Capital
MaintainedOutperform52
2/18/2025
RBC Capital
RBC Capital
MaintainedOutperform52
11/20/2024
BMO Capital
BMO Capital
MaintainedMarket Perform
1/21/2021
Credit Suisse
Credit Suisse
UpgradeNeutralOutperform

Eulerpool Reliability Score (0–100): measures how often a firm’s bullish or bearish calls were directionally correct three months later, blended with the average return following its calls. Every rating we record is stored permanently and scores update continuously; firms with fewer than 3 measured calls are not scored yet.

TC Energy Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
4/26/20241.17CAD-4.20 BCAD-2024 Q1
2/12/20241.16CAD-4.11 BCAD-2023 Q4
7/26/20231.02CAD-3.77 BCAD-2023 Q2
4/27/20231.16CAD-3.80 BCAD-2023 Q1
2/13/20231.10CAD-3.79 BCAD-2022 Q4
11/9/20221.00CAD-3.59 BCAD-2022 Q3
7/28/20220.99CAD-3.53 BCAD-2022 Q2
4/29/20221.12CAD-3.65 BCAD-2022 Q1
2/15/20221.08CAD-3.64 BCAD-2021 Q4
11/5/20211.00CAD-3.51 BCAD-2021 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.
4.32600%
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
3.18190%
Capital International Investors
Capital International Investors
2.66458%
Fidelity Investments Canada ULC
Fidelity Investments Canada ULC
...

TC Energy Beneficial Ownership Filings (SEC 13D/G)

Free Float
95.9%
Float Shares
-
Shares Outstanding
-

TC Energy Executives and Management Board

20 members · avg. age 62 · 35 % women

FP

Mr. Francois Poirier (58)

President, Chief Executive Officer, Director · since 2017

15.18 M CAD

Management

SC

Mr. Stanley Chapman

Executive Vice President, Chief Operating Officer - Natural Gas Pipelines

8.34 M CAD
SD

Mr. Sean O' Donnell

Chief Financial Officer, Executive Vice President

6.84 M CAD
TF

Ms. Tina Faraca (57)

Executive Vice President, Chief Operating Officer - Natural Gas Pipelines

4.42 M CAD
PK

Mr. Patrick Keys

Executive Vice President, General Counsel

DL

Mrs. Dawn De Lima

Executive Vice President - Corporate Services

PM

Mr. Patrick Muttart

Senior Vice President - External Relations

Board of Directors

JL

Mr. John Lowe (66)

Non-Executive Independent Chairman of the Board

699,875.00 CAD
UP

Ms. Una Power (60)

Non-Executive Independent Director

452,817.00 CAD
WJ

Mr. William Johnson (71)

Non-Executive Independent Director

441,848.00 CAD
MS

Ms. Mary Salomone (64)

Non-Executive Independent Director

426,572.00 CAD
TV

Mr. Thierry Vandal (64)

Non-Executive Independent Director

424,413.00 CAD
SJ

Ms. Susan Jones (55)

Non-Executive Independent Director

420,636.00 CAD

TC Energy Supply Chain

TC Energy Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
30 companies
#Nameβ 1YTrend
1
Pembina Pipeline
Supplier·Oil, Gas & Consumable Fuels·CA
0.93
0.83
0.58
0.95
0.93
0.87
1.05
2
ARC Resources
Customer·Oil, Gas & Consumable Fuels·CA
0.98
0.28
0.53
0.95
0.86
0.83
3
Canadian Natural
Customer·Oil, Gas & Consumable Fuels·CA
0.82
0.30
0.53
0.97
0.86
0.82
1.54
4
Antero Resources
Customer·Oil, Gas & Consumable Fuels·US
0.81
0.27
0.44
0.88
0.87
0.82
1.52
5
PetroChina H
Supplier·Customer·CN
0.78
-0.20
-0.29
0.76
0.70
0.81
#Nameβ 1YTrend
1
Hyzon Motors A
Supplier·Customer·Machinery·US
0.87
0.47
-0.03
-0.57
-0.59
2
Shell Plc
Supplier·Customer·Oil, Gas & Consumable Fuels·GB
0.86
0.68
0.43
3
DT Midstream
Supplier·Customer·Oil, Gas & Consumable Fuels·US
0.80
0.21
0.39
0.92
4
Siemens Energy
Supplier·Electrical Equipment·DE
0.80
-0.27
-0.19
-0.66
-0.66
-1.83
5
0.78
0.22
0.49
0.92

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.

TC Energy Corp is primarily active in the energy industry. As a leading energy infrastructure company, TC Energy Corp operates in multiple sectors, including natural gas pipelines, liquids pipelines, and power generation. With a strong focus on developing and operating safe and reliable energy infrastructure, TC Energy Corp plays a vital role in transporting and delivering energy products across North America. Their extensive network spans across various regions, serving customers in the United States, Canada, and Mexico. As a key player in the energy sector, TC Energy Corp contributes to the efficient and sustainable movement of energy resources.

Some of the main competitors of TC Energy Corp in the market include Enbridge Inc., Kinder Morgan Inc., and Energy Transfer LP.

TC Energy Corp, formerly known as TransCanada Corporation, is a leading energy infrastructure company based in Calgary, Canada. With a rich history dating back to 1951, TC Energy has grown into a global player in the energy sector. The company operates a vast network of natural gas pipelines across North America, spanning approximately 93,300 kilometers (58,000 miles). Additionally, TC Energy is involved in power generation and storage, supplying reliable energy to millions of homes and businesses. As an industry leader, TC Energy is committed to sustainable development and the responsible transportation of energy resources. Its strong financial performance and extensive operational expertise have solidified TC Energy's position in the energy industry.

TC Energy Corp, formerly known as TransCanada Corporation, has achieved several significant milestones throughout its history. One notable milestone is the completion of the Keystone Pipeline System, which stretches from Alberta, Canada to the Gulf Coast of the United States. The company has also expanded its portfolio by acquiring Columbia Pipeline Group, enhancing its natural gas transmission and storage capabilities. Additionally, TC Energy Corp has successfully developed, constructed, and operated numerous energy infrastructure projects, such as natural gas pipelines and power generation facilities, contributing to the growth and reliability of North America's energy sector.

TC Energy Corp is primarily present in North America, with a strong focus in Canada and the United States. As one of the largest energy infrastructure companies in North America, TC Energy Corp plays a significant role in the transportation and distribution of natural gas and crude oil. Its extensive network of pipelines spans across various provinces and states, ensuring safe and reliable energy delivery. With a commitment to sustainable energy solutions and responsible resource development, TC Energy Corp continues to expand its presence and deliver value to customers and stakeholders in the North American energy market.

TC Energy Corp represents strong values and a dedicated corporate philosophy. The company is committed to delivering energy responsibly and sustainably, with a focus on safety and environmental stewardship. TC Energy prioritizes integrity, transparency, and ethical business practices in all its operations. As a leading North American energy infrastructure company, TC Energy strives to build long-term value for its shareholders, customers, and communities it operates in. With a proactive approach to corporate social responsibility, TC Energy aims to contribute positively to the well-being of society and create a more sustainable energy future.

Analysts currently set an average price target of 80.19 CAD for the TC Energy stock (median: 81.60 CAD), implying -13.3 % versus the latest price. The consensus is based on 25 analyst ratings.

25 analysts currently rate the TC Energy stock: 17 recommend buying, 6 holding and 2 selling. For 2026, analysts expect TC Energy to generate revenue of 15.90 B CAD and earnings per share of 3.66 CAD.

Converted at the current exchange rate, the TC Energy share trades at 57.06 EUR (92.47 CAD).

The TC Energy share (TRP.TO) is listed on 5 stock exchanges, including: NYSE (TRP), Frankfurt (TRS.F), München (TRS.MU), Düsseldorf (TRS.DU), Toronto (TRP.TO).

The TC Energy Corp is a Canadian company that operates in the energy infrastructure sector. It is a leading energy provider offering a wide range of energy products and services. The company operates in three main business segments: crude oil transportation, natural gas pipelines, and power infrastructure. In the crude oil transportation segment, the company operates a major pipeline called the Keystone Pipeline. It transports crude oil from Canada to the United States and is one of the most important pipelines in the oil industry. This also includes the control of refineries and tank systems that transport crude oil products from drilling sites to end users. The natural gas pipeline segment serves the transportation of natural gas from production sites to consumers. The pipelines are laid throughout North America, covering a total of 91,000 km. The spectrum ranges from Canada to Mexico and from the West Coast to the East Coast of the USA. Here again, the company controls the pipeline network as well as the associated facilities such as compressor stations and regulatory facilities. In the power infrastructure segment, TC Energy Corporation is active in Canada and the USA. This includes the operation of electricity supply networks and power plants, as well as customer connection, electrical substations, and energy supply management. Additionally, the company also offers other products and services, including engineering services, project development and installation of energy infrastructure, and consulting services for the energy sector. To remain competitive, the company invests in the development of infrastructure, including acquiring new pipelines, expanding production facilities, and network expansion. In conclusion, TC Energy Corporation is an important player in the North American energy sector, offering a wide range of energy products and services. The company covers the entire value chain, from transportation to production to power infrastructure. With continuous investment in infrastructure and a focus on new technologies, the company remains competitive and profitable in a constantly changing market.

The expected revenue of TC Energy is 15.90 B CAD. This figure is based on current financial data and reflects the company's business performance.

The expected profit of TC Energy is 3.81 B CAD. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of TC Energy is currently 25.24. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the TC Energy stock.

The price-to-sales ratio (P/S) of TC Energy is currently 6.05. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the TC Energy stock.

The Eulerpool Quality Score for TC Energy is 5/10.

The ISIN of TC Energy is CA87807B1076. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of TC Energy is A2PJ41. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of TC Energy is TRP.TO. The ticker symbol is used to trade TC Energy shares on the stock exchange.

Over the past 12 months, TC Energy paid a dividend of 3.40 CAD . This corresponds to a dividend yield of about 3.68 %. For the coming 12 months, TC Energy is expected to pay a dividend of 3.61 CAD.

The current dividend yield of TC Energy is 3.68 %.

TC Energy pays a dividend, distributed in the months of , , , .

TC Energy paid dividends every year for the past 36 years.

For the upcoming 12 months, dividends amounting to 3.61 CAD are expected. This corresponds to a dividend yield of 3.83 %.

TC Energy is assigned to the 'Energy' sector.

To receive the latest dividend of TC Energy from amounting to 0.88 CAD, you needed to have the stock in your portfolio before the ex-date on .

The last dividend was paid out on .

In the year 2025, TC Energy distributed 3.45 CAD as dividends.

The dividends of TC Energy are distributed in CAD.

All fundamentals and in-depth analysis of TC Energy

Our stock analysis for TC Energy 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. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.