TC Energy Corporation (TRP)Energy | Oil & Gas Midstream | Calgary, Canada | NYSE
61.55 USD
+0.99
(1.635%)
⇧
(Oct. 13, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | Oct. 10, 2026, 7:36 a.m. EDT
The investment case here is defined by a precarious balance between a generous yield and deteriorating financial health. While the 4.1% dividend yield is attractive, the payout ratio of 98.4% leaves no room for error; any dip in free cash flow could force a cut, making this a high-risk income play rather than a stable one. Fundamentally, the company is trapped: despite reporting positive earnings growth and a recovery in stock price over the last decade, the balance sheet remains bloated with debt-to-equity exceeding 170%. The market appears to be pricing in a transition period where the legacy assets are being unwound or burdened, capping the upside potential. For the short term, the stock is technically weak, trading below its 50-day moving average, which dampens any immediate momentum. It is a 'hold' for existing shareholders waiting for a yield reset, but a risky entry for new capital given the lack of a clear path to deleveraging. |
| Model | MAE |
|---|---|
| AutoETS ✓ | 0.073800 |
| AutoARIMA | 0.074300 |
| MSTL | 0.076063 |
| AutoTheta | 0.077938 |
Forecast horizon: 45 days | Selected: AutoETS
| Forecast Reliability | |
|---|---|
| Score | 49% |
| H-stat | 5.50 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.019 |
| Excess Kurtosis | -0.02 |
| Attribute | Value |
|---|---|
| Sector | Energy |
| Ex Dividend Date | 2026-09-28 |
| Last Dividend Date | 2026-09-28 |
| Debt to Equity Ratio | 170.37 |
| Revenue per Share | 15.072 |
| Market Cap | 64,120,754,176 |
| Trailing P/E | 24.23 |
| Forward P/E | 22.43 |
| Beta | 0.98 |
| Profit Margins | 22.91% |
| Website | https://www.tcenergy.com |
As of Oct. 10, 2026, 7:36 a.m. EDT: Speculators are positioning defensively with heavy put volume at the $65 strike for November expiration, suggesting a fear of downside volatility or a failed rally. Conversely, call interest is concentrated further out-of-the-money at $67.50, indicating a speculative hope for a rebound toward historical highs rather than immediate confirmation of the current uptrend.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 1.06% | 3.00% | 4.37% | 4.95% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-09-29 | 0.619000 | 1.062479 |
| 2026-06-30 | 0.618000 | 0.932267 |
| 2026-03-31 | 0.630000 | 1.006390 |
| 2025-06-30 | 0.621000 | 1.272802 |
| 2025-03-31 | 0.594000 | 1.258208 |
| 2024-12-31 | 0.573000 | 1.231464 |
| 2024-09-27 | 0.649954 | 1.389979 |
| 2024-06-28 | 0.639015 | 1.686055 |
| 2024-03-27 | 0.644485 | 1.625845 |
| 2023-12-28 | 0.641750 | 1.638790 |
| 2023-09-28 | 0.628077 | 1.815252 |
| 2023-06-29 | 0.639927 | 1.604631 |
| 2023-03-30 | 0.625342 | 1.607563 |
| 2022-12-29 | 0.603464 | 1.521977 |
| 2022-09-28 | 0.597995 | 1.383607 |
| 2022-06-29 | 0.637192 | 1.220908 |
| 2022-03-30 | 0.656335 | 1.147439 |
| 2021-12-30 | 0.619872 | 1.341424 |
| 2021-09-28 | 0.628077 | 1.281267 |
| 2021-06-29 | 0.642662 | 1.300146 |
| 2021-03-30 | 0.629900 | 1.362535 |
| 2020-12-30 | 0.576117 | 1.433840 |
| 2020-09-29 | 0.552416 | 1.276967 |
| 2020-06-29 | 0.539654 | 1.283057 |
| 2020-03-30 | 0.527803 | 1.281697 |
| 2019-12-30 | 0.522334 | 0.991711 |
| 2019-09-27 | 0.515041 | 0.996211 |
| 2019-06-27 | 0.520510 | 1.061615 |
| 2019-03-28 | 0.509572 | 1.136930 |
| 2018-12-28 | 0.462170 | 1.291338 |
| 2018-09-27 | 0.483136 | 1.199742 |
| 2018-06-28 | 0.471285 | 1.109689 |
| 2018-03-28 | 0.487694 | 1.211662 |
| 2017-12-28 | 0.450319 | 0.927346 |
| 2017-09-28 | 0.456700 | 0.921138 |
| 2017-06-28 | 0.432088 | 0.903761 |
| 2017-03-29 | 0.425706 | 0.918063 |
| 2016-12-28 | 0.379216 | 0.842889 |
| 2016-09-28 | 0.390155 | 0.818965 |
| 2016-06-28 | 0.393801 | 0.899089 |
| 2016-03-29 | 0.390155 | 1.028076 |
| 2015-12-29 | 0.340930 | 1.024737 |
| 2015-09-28 | 0.355515 | 1.144976 |
| 2015-06-26 | 0.384686 | 0.911578 |
| 2015-03-27 | 0.380128 | 0.883813 |
| 2014-12-29 | 0.376481 | 0.767076 |
| 2014-09-26 | 0.393801 | 0.756292 |
| 2014-06-26 | 0.408387 | 0.864311 |
| 2014-03-27 | 0.393801 | 0.875892 |
| 2013-12-27 | 0.393801 | 0.869510 |
| 2013-09-26 | 0.406563 | 0.924007 |
| 2013-06-26 | 0.399271 | 0.931136 |
| 2013-03-26 | 0.409298 | 0.854306 |
| 2012-12-27 | 0.401094 | 0.856307 |
| 2012-09-26 | 0.409298 | 0.902531 |
| 2012-06-27 | 0.390155 | 0.949976 |
| 2012-03-28 | 0.404740 | 0.934734 |
| 2011-12-28 | 0.375570 | 0.874232 |
| 2011-09-28 | 0.375570 | 0.909811 |
| 2011-06-28 | 0.387420 | 0.903077 |
| 2011-03-29 | 0.391978 | 0.985365 |
| 2010-12-29 | 0.364631 | 0.953782 |
| 2010-09-28 | 0.356427 | 0.954800 |
| 2010-06-28 | 0.349134 | 0.993552 |
| 2010-03-29 | 0.355515 | 0.978302 |
| 2009-12-29 | 0.329991 | 0.964886 |
| 2009-09-28 | 0.317229 | 1.037035 |
| 2009-06-26 | 0.298086 | 1.102797 |
| 2009-03-27 | 0.282589 | 1.151075 |
| 2008-12-29 | 0.268915 | 1.009441 |
| 2008-09-26 | 0.317229 | 0.865327 |
| 2008-06-26 | 0.324521 | 0.857161 |
| 2008-03-27 | 0.322698 | 0.836872 |
| 2007-12-27 | 0.312671 | 0.772981 |
| 2007-09-26 | 0.309936 | 0.851472 |
| 2007-06-27 | 0.289881 | 0.850590 |
| 2007-03-28 | 0.267092 | 0.798959 |
| 2006-12-27 | 0.252507 | 0.724346 |
| 2006-09-27 | 0.260711 | 0.822951 |
| 2006-06-28 | 0.259799 | 0.920294 |
| 2006-03-29 | 0.249772 | 0.861283 |
| 2005-12-28 | 0.278031 | 0.894566 |
| 2005-09-28 | 0.278031 | 0.894566 |
| 2005-06-28 | 0.220602 | 0.838472 |
| 2005-03-29 | 0.278031 | 1.154614 |
| 2004-12-29 | 0.216955 | 0.892452 |
| 2004-09-28 | 0.264357 | 1.204360 |
| 2004-06-28 | 0.264357 | 1.357069 |
| 2004-03-29 | 0.264357 | 1.213760 |
| 2003-12-29 | 0.246126 | 1.143708 |
| 2003-09-26 | 0.246126 | 1.339097 |
| 2003-06-26 | 0.246126 | 1.383508 |
| 2003-03-27 | 0.246126 | 1.655185 |
| 2002-12-27 | 0.227894 | 1.581499 |
| 2002-09-26 | 0.227894 | 1.582597 |
| 2002-06-26 | 0.227894 | 1.490477 |
| 2002-03-26 | 0.227894 | 1.662247 |
| 2001-12-27 | 0.205105 | 1.651409 |
| 2001-09-26 | 0.205105 | 1.585046 |
| 2001-06-27 | 0.205105 | 1.646108 |
| 2001-03-28 | 0.205105 | 1.695083 |
| 2000-12-27 | 0.182315 | 1.705871 |
| 2000-09-27 | 0.182315 | 1.957745 |
| 2000-06-28 | 0.182315 | 2.296882 |
| 2000-03-29 | 0.182315 | 2.410777 |
| 1999-12-28 | 0.255242 | 2.938037 |
| 1999-09-28 | 0.255242 | 1.899475 |
| 1999-06-28 | 0.255242 | 1.839582 |
| 1999-03-29 | 0.255242 | 1.992133 |
| 1998-12-29 | 0.255242 | 1.767910 |
| 1998-09-28 | 0.255242 | 1.687550 |
| 1998-07-13 | 6.597083 | 37.697617 |
| 1998-06-25 | 0.282589 | 1.266505 |
| 1998-03-27 | 0.282589 | 1.186725 |
| 1997-12-29 | 0.282589 | 1.306770 |
| 1997-09-26 | 0.264357 | 1.355677 |
| 1997-06-26 | 0.264357 | 1.321785 |
| 1997-03-26 | 0.264357 | 1.391353 |
| 1996-12-27 | 0.264357 | 1.555041 |
| 1996-09-26 | 0.246126 | 1.562705 |
| 1996-06-26 | 0.246126 | 1.697421 |
| 1996-03-27 | 0.246126 | 1.758043 |
| 1995-12-27 | 0.246126 | 1.806429 |
| 1995-09-27 | 0.227894 | 1.736335 |
| 1995-06-28 | 0.227894 | 1.719955 |
| 1995-03-27 | 0.227894 | 1.753031 |
| 1994-12-23 | 0.227894 | 1.841568 |
| 1994-09-26 | 0.209663 | 1.628450 |
| 1994-06-24 | 0.209663 | 1.784366 |
| 1994-03-25 | 0.209663 | 1.524822 |
| 1993-12-27 | 0.209663 | 1.386202 |
| 1993-09-24 | 0.191431 | 1.265660 |
| 1993-06-24 | 0.191431 | 1.235039 |
| 1993-03-25 | 0.191431 | 1.286931 |
| 1992-12-24 | 0.191431 | 1.343375 |
| 1992-09-24 | 0.173200 | 1.184274 |
| 1992-06-24 | 0.173200 | 1.204870 |
| 1992-03-25 | 0.173200 | 1.259636 |
| 1991-12-24 | 0.173200 | 1.154667 |
| 1991-09-24 | 0.164084 | 1.131614 |
| 1991-06-24 | 0.164084 | 1.084853 |
| 1991-03-22 | 0.164084 | 1.075961 |
| 1990-12-24 | 0.164084 | 1.121942 |
| 1990-09-24 | 0.154968 | 1.169570 |
| 1990-06-25 | 0.154968 | 1.127040 |
| 1990-03-26 | 0.154968 | 1.097119 |
| 1989-12-22 | 0.154968 | 1.106914 |
| 1989-09-25 | 0.154968 | 1.078038 |
| 1989-06-26 | 0.154968 | 1.252267 |
| 1989-03-27 | 0.154968 | 1.192062 |
| 1988-12-23 | 0.154968 | 1.192062 |
| 1988-09-26 | 0.154968 | 1.458522 |
| 1988-06-24 | 0.154968 | 1.362356 |
| 1988-03-25 | 0.154968 | 1.424993 |
| Attribute | Value |
|---|---|
| 52 Week Change | 0.1630497 |
| Address1 | 450 - 1 Street SW |
| All Time High | 71.47 |
| All Time Low | 6.75 |
| Ask | 0.0 |
| Ask Size | 1,100 |
| Audit Risk | 1 |
| Average Analyst Rating | 1.8 - Buy |
| Average Daily Volume10 Day | 2,621,450 |
| Average Daily Volume3 Month | 2,611,085 |
| Average Volume | 2,611,085 |
| Average Volume10Days | 2,621,450 |
| Beta | 0.981 |
| Bid | 0.0 |
| Bid Size | 600 |
| Board Risk | 3 |
| Book Value | 17.138365 |
| City | Calgary |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Compensation Risk | 4 |
| Country | Canada |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 61.55 |
| Current Ratio | 0.61 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,790,726,400 |
| Day High | 61.72 |
| Day Low | 60.585 |
| Debt To Equity | 170.37 |
| Display Name | TC Energy |
| Dividend Date | 1,793,318,400 |
| Dividend Yield | 3.99 |
| Earnings Call Timestamp End | 1,785,414,600 |
| Earnings Call Timestamp Start | 1,785,414,600 |
| Earnings Growth | 0.183 |
| Earnings Quarterly Growth | 0.18 |
| Earnings Timestamp | 1,785,414,600 |
| Earnings Timestamp End | 1,793,881,800 |
| Earnings Timestamp Start | 1,793,881,800 |
| Ebitda | 9,941,999,616 |
| Ebitda Margins | 0.63365 |
| Enterprise To Ebitda | 13.568 |
| Enterprise To Revenue | 8.597 |
| Enterprise Value | 134,889,996,288 |
| Eps Current Year | 3.74152 |
| Eps Forward | 2.7445261 |
| Eps Trailing Twelve Months | 2.54 |
| Esg Populated | 0 |
| Ex Dividend Date | 1,790,640,000 |
| Exchange | NYQ |
| Exchange Data Delayed By | 20 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fax | 403 920 2457 |
| Fifty Day Average | 61.718 |
| Fifty Day Average Change | -0.16799927 |
| Fifty Day Average Change Percent | -0.0027220466 |
| Fifty Two Week Change Percent | 16.30497 |
| Fifty Two Week High | 71.47 |
| Fifty Two Week High Change | -9.920002 |
| Fifty Two Week High Change Percent | -0.13879952 |
| Fifty Two Week Low | 49.27 |
| Fifty Two Week Low Change | 12.279999 |
| Fifty Two Week Low Change Percent | 0.24923886 |
| Fifty Two Week Range | 49.27 - 71.47 |
| Financial Currency | CAD |
| First Trade Date Milliseconds | 401,376,600,000 |
| Five Year Avg Dividend Yield | 5.49 |
| Float Shares | 998,370,000 |
| Forward Eps | 2.7445261 |
| Forward P E | 22.426458 |
| Free Cashflow | 1,251,124,992 |
| Full Exchange Name | NYSE |
| Full Time Employees | 6,574 |
| Fullday Change | 0.98999786 |
| Fullday Change Percent | 1.6347388 |
| Fullday Price | 61.7709 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,790,812,800 |
| Gross Margins | 0.69528 |
| Gross Profits | 10,908,999,680 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.00046999997 |
| Held Percent Institutions | 0.72005 |
| Implied Shares Outstanding | 1,041,766,896 |
| Industry | Oil & Gas Midstream |
| Industry Disp | Oil & Gas Midstream |
| Industry Key | oil-gas-midstream |
| Ir Website | http://www.transcanada.com/investorcentre.html |
| Is Earnings Date Estimate | 0 |
| Language | en-US |
| Last Dividend Date | 1,790,640,000 |
| Last Dividend Value | 0.619 |
| Last Fiscal Year End | 1,767,139,200 |
| Last Split Date | 445,478,400 |
| Last Split Factor | 2:1 |
| Long Business Summary | 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. |
| Long Name | TC Energy Corporation |
| Market | us_market |
| Market Cap | 64,120,754,176 |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_309162 |
| Most Recent Quarter | 1,782,777,600 |
| Net Income To Common | 3,657,999,872 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 62,800,450,115 |
| Number Of Analyst Opinions | 3 |
| Open | 61.07 |
| Operating Cashflow | 8,634,000,384 |
| Operating Margins | 0.44251 |
| Overall Risk | 3 |
| Payout Ratio | 0.9843 |
| Peg Ratio | 2.97 |
| Phone | 403 920 2000 |
| Pre Market Change | 0.16090012 |
| Pre Market Change Percent | 0.2611591 |
| Pre Market Price | 61.7709 |
| Pre Market Time | 1,791,964,803 |
| Previous Close | 60.56 |
| Price Eps Current Year | 16.450533 |
| Price Hint | 2 |
| Price To Book | 3.5913577 |
| Price To Sales Trailing12 Months | 4.0867276 |
| Profit Margins | 0.22913 |
| Quick Ratio | 0.409 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | buy |
| Recommendation Mean | 1.82609 |
| Region | US |
| Regular Market Change | 0.989998 |
| Regular Market Change Percent | 1.63474 |
| Regular Market Day High | 61.72 |
| Regular Market Day Low | 60.585 |
| Regular Market Day Range | 60.585 - 61.72 |
| Regular Market Open | 61.07 |
| Regular Market Previous Close | 60.56 |
| Regular Market Price | 61.55 |
| Regular Market Time | 1,791,921,619 |
| Regular Market Volume | 3,039,280 |
| Return On Assets | 0.03666 |
| Return On Equity | 0.11826 |
| Revenue Growth | 0.057 |
| Revenue Per Share | 15.072 |
| Sand P52 Week Change | 0.17502642 |
| Sector | Energy |
| Sector Disp | Energy |
| Sector Key | energy |
| Share Holder Rights Risk | 7 |
| Shares Outstanding | 1,041,766,896 |
| Shares Percent Shares Out | 0.0545 |
| Shares Short | 56,768,076 |
| Shares Short Previous Month Date | 1,788,134,400 |
| Shares Short Prior Month | 25,115,030 |
| Short Name | TC Energy Corporation |
| Short Ratio | 17.66 |
| Source Interval | 15 |
| State | AB |
| Symbol | TRP |
| Target High Price | 71.74435 |
| Target Low Price | 57.805054 |
| Target Mean Price | 66.81979 |
| Target Median Price | 70.90998 |
| Total Cash | 2,476,999,936 |
| Total Cash Per Share | 2.477 |
| Total Debt | 63,845,998,592 |
| Total Revenue | 15,690,000,384 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 3.455 |
| Trailing Annual Dividend Yield | 0.057050858 |
| Trailing Eps | 2.54 |
| Trailing P E | 24.232283 |
| Trailing Peg Ratio | 2.9744 |
| Triggerable | 1 |
| Two Hundred Day Average | 63.23595 |
| Two Hundred Day Average Change | -1.6859512 |
| Two Hundred Day Average Change Percent | -0.026661277 |
| Type Disp | Equity |
| Volume | 3,039,280 |
| Website | https://www.tcenergy.com |
| Zip | T2P 5H1 |