TC Energy Corporation
TRP
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+ FollowMarket Cap$104.27B
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Earnings Call Q4 2025
February 13, 2026 - AI Summary
Strong Financial Performance: TC Energy reported a 9% year-over-year increase in comparable EBITDA for 2025, with fourth-quarter EBITDA growing by 13%. The company is on track to achieve comparable EBITDA of $11.6 billion to $11.8 billion in 2026, with a long-term outlook projecting growth to $12.6 billion to $13.1 billion by 2028.
Capital Allocation and Growth Opportunities: TC Energy has identified approximately $8 billion in high-conviction pending projects and an additional $12 billion in new opportunities in origination. The company is focused on deploying around $6 billion in net capital expenditures annually through 2030, with potential for increased investment in later years driven by high-quality, low-risk projects, primarily in natural gas and power sectors.
Project Execution Excellence: The company successfully placed $8.3 billion of projects into service on schedule and over 15% under budget. This trend of positive execution is expected to continue, supporting both the $6 billion annual capital target and growth in EBITDA.
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$-32.19
153.9% downside
Current Fair Value
153.9% downsideOvervalued by 153.9% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $104.27 Billion |
|---|---|
| Enterprise Value | $166.00 Billion |
| Dividend Yield | $2.48 (4.06%) |
| Earnings per Share | $3.27 |
| Beta | 0.95 |
| Outstanding Shares | 1,042,000,000 |
Return
| Return on Equity | 12.95% |
|---|---|
| Return on Assets | 2.90% |
| Return on Invested Capital | 7.03% |
Valuation & Multiples
| P/E Ratio | 25.73 |
|---|---|
| PEG | 142.54 |
| Price to Sales | 3.98 |
| Price to Book Ratio | 1.7 |
| Enterprise Value to Revenue | 10.37 |
| Enterprise Value to EBIT | 21.27 |
| Enterprise Value to Net Income | 46 |
| Total Debt to Enterprise | 0.38 |
| Debt to Equity | 2.3 |
Revenue Sources
No data
Insider Trades
Last Earnings Call
Report Date
July 30, 2026
EPS Estimate
$0.61
Average shareholder expectationRevenue Estimate
$2.78 B
Average shareholder expectationNext Earnings Call
Expected Date
November 5, 2026
EPS Estimate
$0.59
Average shareholder expectationRevenue Estimate
$2.75 B
Average shareholder expectationInstitutional Put/Call Ratio
Market sentiment based on institutional option activity.
| Put/Call Ratio | 0.0000▼ 231.27% |
|---|---|
| Total Calls | -▼ 100.00% |
| Total Puts | -▼ 100.00% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 0.05%▼ 65.88% |
|---|---|
| Total Invested | $27.15M▼ 99.94% |
| Investors Holding | 23▼ 712.00% |
ESG Score
No data
About TC Energy Corporation
6,668 employees
CEO: Russell Girling TC Energy Corporation is a prominent North American energy infrastructure firm, based in Calgary, Canada, and established in 1951. Formerly known as TransCanada Corporation until its renaming in May 2019, its operations are diversified a...