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US · TRP

TC Energy Corporation

Programmatic access: InvestorsCraft Valuation API · catalog

Sector
Energy · Oil & Gas Midstream
Headquarters
Calgary, AB T2P 5H1

Price · as of 2025

$62.61

Market cap 65.82B

Valuation

MetricValueUpside
IC Value$26.81-57%
P/E22.12
P/B3.32
P/S5.96
EV/EBITDA13.04
PEG
P/TBV6.38

Valuation history

Annual price overlaid with each model's fair value. Y-axis is log scale.

Annual price and model valuations for TRP, USD per share
YearPriceAIICGraham-DoddGraham Formula
2011$23.41$10.53
2012$26.20$13.59
2013$25.43$11.84
2014$24.70$12.87
2015$22.07$13.38
2016$29.26$16.45
2017$28.92$15.71
2018$30.96$18.81
2019$39.01$20.01
2020$35.53$24.30
2021$43.82$26.95
2022$32.86$20.96
2023$36.30$22.73
2024$43.89$32.66
2025$62.49$39.24

Historic valuation ratios

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USD millions

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        About TC Energy Corporation

        TC Energy Corporation (TRP), headquartered in Calgary, Canada, is a significant North American energy infrastructure enterprise, established in 1951. Its extensive operations are strategically divided into five key business units: Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexican Natural Gas Pipelines, Liquids Pipelines, and Power & Storage. The company is responsible for constructing and managing a vast natural gas pipeline network, which stretches for 93,300 kilometers. This critical infrastructure facilitates the movement of natural gas from production basins to a variety of destinations, including local utility providers, electricity generating facilities, industrial sites, interconnected pipelines, liquefied natural gas (LNG) export terminals, and other commercial clients. Additionally, TC Energy operates regulated natural gas storage facilities with a total working gas capacity of 535 billion cubic feet, alongside approximately 118 billion cubic feet of non-regulated natural gas storage capacity located solely within Alberta. Furthermore, TC Energy oversees a liquids pipeline system spanning roughly 4,900 kilometers. This system efficiently transports crude oil from Alberta's supply regions to major refining centers across Illinois, Oklahoma, Texas, and the U.S. Gulf Coast. Its asset portfolio also includes ownership or interests in seven power generation facilities. These plants, situated in Alberta, Ontario, Québec, and New Brunswick, have a combined output of approximately 4,300 megawatts and are fueled by natural gas and nuclear energy sources. The organization was previously known as TransCanada Corporation until it officially rebranded to TC Energy Corporation in May 2019.

        CEO
        Francois Lionel Poirier
        Employees
        6.57K
        Beta
        0.98

        Peer comparison

        Same-industry comparables, ranked by market cap.

        Scroll horizontally for additional metrics. Ticker column stays fixed.

        Peer comparison for TRP: basic info, valuation models, ratios, profitability, leverage, growth, cash flow, dividends, enterprise value, and Altman Z-score.
        Basic InfoIC ValuationCore ValuationProfitabilityLeverage & LiquidityGrowthCash FlowDividendsEnterprise ValueRisk
        TickerCompany NamePriceMarket CapValueUpsideP/EP/BP/SEV/EBITDAPEGP/TBVGross MarginOperating MarginNet MarginROEROICROADebt/EquityInterest CoverageCurrent RatioQuick RatioNet Debt/EBITDAEPS GrowthSales GrowthFCF GrowthFCF YieldOp Cash Flow RatioCash ROICDividend YieldDividend PayoutShareholder YieldEV/EBITEV/FCFEV/SalesAltman Z-Score
        TRPTC Energy Corporation$62.6165.82B$39.24-37%22.123.325.9613.046.3850.03%44.23%23.15%14.92%6.09%3.46%2.231.980.630.335.23-26.19%10.29%53.96%2.27%0.742.36%4.00%88.40%4.27%22.5273.439.960.87
        BKRBaker Hughes Company$61.6761.22B$36.92-40%20.362.841.9312.976.1623.60%12.83%9.33%14.69%15.99%6.62%0.3816.021.360.840.80-12.75%-0.34%23.52%4.75%0.2712.50%1.70%34.70%2.42%15.6421.922.012.47
        EEni S.p.A.$52.8376.54B$48.59-8%27.701.530.804.221.769.43%5.49%3.17%5.23%3.04%1.64%0.910.551.190.931.460.00%-7.48%-9.04%7.05%0.396.53%4.69%129.90%11.47%19.9219.401.091.55
        ETEnergy Transfer LP$20.3469.99B$17.52-14%11.791.960.819.22215.523.1321.79%11.42%5.93%16.43%9.11%4.27%2.082.841.220.854.715.47%-0.05%-47.62%5.72%0.683.85%7.02%82.80%7.02%14.5735.771.661.27
        KMIKinder Morgan, Inc.$31.1269.3B$24.76-20%23.992.344.3014.07140.347.8043.66%28.39%18.03%9.86%6.04%4.17%1.042.670.640.424.3217.09%12.45%7.15%4.42%1.455.10%3.57%85.70%3.57%21.8632.666.211.26
        LNGCheniere Energy, Inc.$254.7653.39B$190.52-25%10.406.992.827.3614.887.0528.97%27.02%27.15%78.08%13.69%11.43%3.615.590.940.762.4269.93%24.44%-22.02%4.45%1.417.74%0.82%8.50%5.74%15.5233.454.192.02
        MPLXMPLX Lp$59.2960.16B$51.42-13%11.814.094.9511.3181.5214.1045.23%40.30%41.57%35.27%13.20%12.30%1.834.841.231.163.2914.49%8.37%-16.13%7.01%1.8211.39%6.88%81.30%7.56%17.3320.126.981.89
        OKEONEOK, Inc.$87.2454.97B$79.65-9%15.172.341.5610.95313.694.5621.46%20.72%10.10%17.52%10.35%5.30%1.463.910.710.494.204.84%55.42%-14.65%4.66%0.884.71%4.92%74.60%5.06%12.2434.842.541.58
        SLBSlb N.V.$49.9174.07B$40.46-19%19.402.511.8310.2915.1218.21%15.28%9.38%14.28%14.08%6.50%0.479.801.330.881.30-24.44%-1.60%7.20%7.33%0.4415.29%2.45%47.50%6.14%13.4815.342.062.97
        SUSuncor Energy Inc.$62.8274.17B$72.13+15%17.012.232.067.12617.462.4259.08%31.67%12.10%13.20%19.97%6.58%0.4120.861.390.890.912.75%-3.51%-26.99%6.88%1.2511.98%2.79%47.50%5.90%7.4416.662.362.88

        Disclaimer: Information on this page is provided for educational purposes only and does not constitute investment advice. Upside computed as ($26.81 ÷ $62.61) − 1 = -57.18% (IC, example).