TC ENERGY CORP (TRP) Stock Fundamental Analysis

NYSE:TRP • CA87807B1076

64.79 USD
-0.3 (-0.46%)
At close: Mar 3, 2026
64.79 USD
0 (0%)
After Hours: 3/3/2026, 6:40:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to TRP. TRP was compared to 207 industry peers in the Oil, Gas & Consumable Fuels industry. TRP has a medium profitability rating, but doesn't score so well on its financial health evaluation. TRP is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • TRP had positive earnings in the past year.
  • TRP had a positive operating cash flow in the past year.
  • Each year in the past 5 years TRP has been profitable.
  • In the past 5 years TRP always reported a positive cash flow from operatings.
TRP Yearly Net Income VS EBIT VS OCF VS FCFTRP Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B 6B

1.2 Ratios

  • The Return On Assets of TRP (2.86%) is comparable to the rest of the industry.
  • TRP has a better Return On Equity (12.46%) than 69.57% of its industry peers.
  • With a Return On Invested Capital value of 5.03%, TRP perfoms like the industry average, outperforming 44.93% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for TRP is significantly below the industry average of 22.19%.
  • The last Return On Invested Capital (5.03%) for TRP is above the 3 year average (4.55%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 2.86%
ROE 12.46%
ROIC 5.03%
ROA(3y)3%
ROA(5y)2.26%
ROE(3y)12.89%
ROE(5y)9.2%
ROIC(3y)4.55%
ROIC(5y)4.69%
TRP Yearly ROA, ROE, ROICTRP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • Looking at the Profit Margin, with a value of 22.31%, TRP belongs to the top of the industry, outperforming 80.68% of the companies in the same industry.
  • TRP's Profit Margin has declined in the last couple of years.
  • TRP has a better Operating Margin (44.37%) than 89.37% of its industry peers.
  • In the last couple of years the Operating Margin of TRP has remained more or less at the same level.
  • TRP has a Gross Margin of 69.69%. This is in the better half of the industry: TRP outperforms 78.26% of its industry peers.
  • In the last couple of years the Gross Margin of TRP has remained more or less at the same level.
Industry RankSector Rank
OM 44.37%
PM (TTM) 22.31%
GM 69.69%
OM growth 3Y3.02%
OM growth 5Y-0.12%
PM growth 3Y73.39%
PM growth 5Y-8.23%
GM growth 3Y1.29%
GM growth 5Y-0.14%
TRP Yearly Profit, Operating, Gross MarginsTRP Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

1

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), TRP is destroying value.
  • Compared to 1 year ago, TRP has about the same amount of shares outstanding.
  • TRP has more shares outstanding than it did 5 years ago.
  • TRP has a worse debt/assets ratio than last year.
TRP Yearly Shares OutstandingTRP Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B
TRP Yearly Total Debt VS Total AssetsTRP Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B 80B 100B

2.2 Solvency

  • Based on the Altman-Z score of 0.82, we must say that TRP is in the distress zone and has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 0.82, TRP is in line with its industry, outperforming 41.06% of the companies in the same industry.
  • TRP has a debt to FCF ratio of 29.22. This is a negative value and a sign of low solvency as TRP would need 29.22 years to pay back of all of its debts.
  • TRP's Debt to FCF ratio of 29.22 is in line compared to the rest of the industry. TRP outperforms 43.96% of its industry peers.
  • A Debt/Equity ratio of 2.15 is on the high side and indicates that TRP has dependencies on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 2.15, TRP is doing worse than 82.13% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 2.15
Debt/FCF 29.22
Altman-Z 0.82
ROIC/WACC0.76
WACC6.61%
TRP Yearly LT Debt VS Equity VS FCFTRP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20B 40B 60B

2.3 Liquidity

  • TRP has a Current Ratio of 0.63. This is a bad value and indicates that TRP is not financially healthy enough and could expect problems in meeting its short term obligations.
  • With a Current ratio value of 0.63, TRP is not doing good in the industry: 77.29% of the companies in the same industry are doing better.
  • A Quick Ratio of 0.56 indicates that TRP may have some problems paying its short term obligations.
  • TRP has a Quick ratio of 0.56. This is in the lower half of the industry: TRP underperforms 74.88% of its industry peers.
Industry RankSector Rank
Current Ratio 0.63
Quick Ratio 0.56
TRP Yearly Current Assets VS Current LiabilitesTRP Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • TRP shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -5.63%.
  • Measured over the past years, TRP shows a decrease in Earnings Per Share. The EPS has been decreasing by -3.47% on average per year.
  • Looking at the last year, TRP shows a quite strong growth in Revenue. The Revenue has grown by 10.66% in the last year.
  • Measured over the past years, TRP shows a small growth in Revenue. The Revenue has been growing by 3.23% on average per year.
EPS 1Y (TTM)-5.63%
EPS 3Y-6.45%
EPS 5Y-3.47%
EPS Q2Q%88.46%
Revenue 1Y (TTM)10.66%
Revenue growth 3Y0.58%
Revenue growth 5Y3.23%
Sales Q2Q%206.47%

3.2 Future

  • TRP is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.32% yearly.
  • TRP is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.39% yearly.
EPS Next Y7.6%
EPS Next 2Y5.87%
EPS Next 3Y6.89%
EPS Next 5Y6.32%
Revenue Next Year5.83%
Revenue Next 2Y4.05%
Revenue Next 3Y5.12%
Revenue Next 5Y4.39%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
TRP Yearly Revenue VS EstimatesTRP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 5B 10B 15B 20B
TRP Yearly EPS VS EstimatesTRP Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 1 2 3 4 5

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Find the best growth stocksShow best growing peers

2

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 25.11, TRP can be considered very expensive at the moment.
  • The rest of the industry has a similar Price/Earnings ratio as TRP.
  • When comparing the Price/Earnings ratio of TRP to the average of the S&P500 Index (26.83), we can say TRP is valued inline with the index average.
  • With a Price/Forward Earnings ratio of 23.38, TRP is valued on the expensive side.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of TRP is on the same level as its industry peers.
  • TRP is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 24.95, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 25.11
Fwd PE 23.38
TRP Price Earnings VS Forward Price EarningsTRP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • 63.77% of the companies in the same industry are cheaper than TRP, based on the Enterprise Value to EBITDA ratio.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of TRP is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 44.76
EV/EBITDA 15.54
TRP Per share dataTRP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • TRP has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)3.31
PEG (5Y)N/A
EPS Next 2Y5.87%
EPS Next 3Y6.89%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. Dividend

5.1 Amount

  • TRP has a Yearly Dividend Yield of 4.07%, which is a nice return.
  • Compared to an average industry Dividend Yield of 3.47, TRP pays a bit more dividend than its industry peers.
  • TRP's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 4.07%

5.2 History

  • The dividend of TRP has a limited annual growth rate of 0.77%.
  • TRP has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)0.77%
Div Incr Years0
Div Non Decr Years0
TRP Yearly Dividends per shareTRP Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3 4 5

5.3 Sustainability

  • 106.50% of the earnings are spent on dividend by TRP. This is not a sustainable payout ratio.
  • The dividend of TRP is growing, but earnings are growing more, so the dividend growth is sustainable.
DP106.5%
EPS Next 2Y5.87%
EPS Next 3Y6.89%
TRP Yearly Income VS Free CF VS DividendTRP Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B
TRP Dividend Payout.TRP Dividend Payout, showing the Payout Ratio.TRP Dividend Payout.PayoutRetained Earnings

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TC ENERGY CORP

NYSE:TRP (3/3/2026, 6:40:00 PM)

After market: 64.79 0 (0%)

64.79

-0.3 (-0.46%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-13
Earnings (Next)04-29
Inst Owners83.73%
Inst Owner Change-9.38%
Ins Owners0.09%
Ins Owner ChangeN/A
Market Cap67.45B
Revenue(TTM)15.24B
Net Income(TTM)3.40B
Analysts74.4
Price Target63.27 (-2.35%)
Short Float %0.92%
Short Ratio3.95
Dividend
Industry RankSector Rank
Dividend Yield 4.07%
Yearly Dividend2.55
Dividend Growth(5Y)0.77%
DP106.5%
Div Incr Years0
Div Non Decr Years0
Ex-Date03-31
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.31%
Min EPS beat(2)-4.57%
Max EPS beat(2)5.19%
EPS beat(4)2
Avg EPS beat(4)0.26%
Min EPS beat(4)-4.57%
Max EPS beat(4)5.19%
EPS beat(8)5
Avg EPS beat(8)-3.86%
EPS beat(12)8
Avg EPS beat(12)-0.4%
EPS beat(16)10
Avg EPS beat(16)0.18%
Revenue beat(2)1
Avg Revenue beat(2)-0.21%
Min Revenue beat(2)-0.72%
Max Revenue beat(2)0.31%
Revenue beat(4)3
Avg Revenue beat(4)2.06%
Min Revenue beat(4)-0.72%
Max Revenue beat(4)4.32%
Revenue beat(8)5
Avg Revenue beat(8)-5.88%
Revenue beat(12)7
Avg Revenue beat(12)-3.74%
Revenue beat(16)10
Avg Revenue beat(16)-2.1%
PT rev (1m)9.79%
PT rev (3m)14.12%
EPS NQ rev (1m)-2.88%
EPS NQ rev (3m)-2.56%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.16%
Revenue NQ rev (1m)1.54%
Revenue NQ rev (3m)1.99%
Revenue NY rev (1m)-0.38%
Revenue NY rev (3m)-0.13%
Valuation
Industry RankSector Rank
PE 25.11
Fwd PE 23.38
P/S 6.05
P/FCF 44.76
P/OCF 12.55
P/B 3.38
P/tB 6.63
EV/EBITDA 15.54
EPS(TTM)2.58
EY3.98%
EPS(NY)2.77
Fwd EY4.28%
FCF(TTM)1.45
FCFY2.23%
OCF(TTM)5.16
OCFY7.97%
SpS10.71
BVpS19.18
TBVpS9.77
PEG (NY)3.31
PEG (5Y)N/A
Graham Number33.37
Profitability
Industry RankSector Rank
ROA 2.86%
ROE 12.46%
ROCE 6.22%
ROIC 5.03%
ROICexc 5.11%
ROICexgc 5.83%
OM 44.37%
PM (TTM) 22.31%
GM 69.69%
FCFM 13.52%
ROA(3y)3%
ROA(5y)2.26%
ROE(3y)12.89%
ROE(5y)9.2%
ROIC(3y)4.55%
ROIC(5y)4.69%
ROICexc(3y)4.65%
ROICexc(5y)4.76%
ROICexgc(3y)5.29%
ROICexgc(5y)5.43%
ROCE(3y)5.6%
ROCE(5y)5.9%
ROICexgc growth 3Y1.8%
ROICexgc growth 5Y-0.95%
ROICexc growth 3Y1.97%
ROICexc growth 5Y-0.45%
OM growth 3Y3.02%
OM growth 5Y-0.12%
PM growth 3Y73.39%
PM growth 5Y-8.23%
GM growth 3Y1.29%
GM growth 5Y-0.14%
F-Score7
Asset Turnover0.13
Health
Industry RankSector Rank
Debt/Equity 2.15
Debt/FCF 29.22
Debt/EBITDA 6.15
Cap/Depr 190.9%
Cap/Sales 34.69%
Interest Coverage 2.06
Cash Conversion 77.07%
Profit Quality 60.59%
Current Ratio 0.63
Quick Ratio 0.56
Altman-Z 0.82
F-Score7
WACC6.61%
ROIC/WACC0.76
Cap/Depr(3y)237.43%
Cap/Depr(5y)241.5%
Cap/Sales(3y)47.43%
Cap/Sales(5y)46.29%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-5.63%
EPS 3Y-6.45%
EPS 5Y-3.47%
EPS Q2Q%88.46%
EPS Next Y7.6%
EPS Next 2Y5.87%
EPS Next 3Y6.89%
EPS Next 5Y6.32%
Revenue 1Y (TTM)10.66%
Revenue growth 3Y0.58%
Revenue growth 5Y3.23%
Sales Q2Q%206.47%
Revenue Next Year5.83%
Revenue Next 2Y4.05%
Revenue Next 3Y5.12%
Revenue Next 5Y4.39%
EBIT growth 1Y16.87%
EBIT growth 3Y3.61%
EBIT growth 5Y3.1%
EBIT Next Year49.22%
EBIT Next 3Y17.43%
EBIT Next 5Y11.89%
FCF growth 1Y53.96%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-4.55%
OCF growth 3Y4.84%
OCF growth 5Y0.8%

TC ENERGY CORP / TRP FAQ

Can you provide the ChartMill fundamental rating for TC ENERGY CORP?

ChartMill assigns a fundamental rating of 4 / 10 to TRP.


What is the valuation status for TRP stock?

ChartMill assigns a valuation rating of 2 / 10 to TC ENERGY CORP (TRP). This can be considered as Overvalued.


How profitable is TC ENERGY CORP (TRP) stock?

TC ENERGY CORP (TRP) has a profitability rating of 6 / 10.


What is the earnings growth outlook for TC ENERGY CORP?

The Earnings per Share (EPS) of TC ENERGY CORP (TRP) is expected to grow by 7.6% in the next year.


Can you provide the dividend sustainability for TRP stock?

The dividend rating of TC ENERGY CORP (TRP) is 6 / 10 and the dividend payout ratio is 106.5%.