TC Energy Corporation

TC Energy Corporation

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Market Cap$72.29B
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Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
TC Energy CorporationTC Energy Corporation29.43.53%12%4.62.2

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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$57.50

Target Price by Analysts

17.1% downsideTC Energy Target Price DetailsTarget Price
$-32.64

Current Fair Value

147% downside

Overvalued by 147% based on the discounted cash flow analysis.

Share Statistics

Market cap$72.29 Billion
Enterprise Value$133.24 Billion
Dividend Yield$2.48 (3.53%)
Earnings per Share$3.27
Beta0.98
Outstanding Shares1,041,000,000

Return

Return on Equity12.47%ROE
Return on Assets2.84%
Return on Invested Capital7.31%

Valuation & Multiples

P/E Ratio29.37P/E Ratio
PEG-385.64PEG
Price to Sales4.63Price to Sales
Price to Book Ratio1.98Price to Book Ratio
Enterprise Value to Revenue8.45
Enterprise Value to EBIT16.47
Enterprise Value to Net Income38
Total Debt to Enterprise0.47
Debt to Equity2.25Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 7, 2026
EPS Estimate
$0.75
Average shareholder expectation
Revenue Estimate
-
Average shareholder expectation

Next Earnings Call

Expected Date
July 30, 2026
EPS Estimate
$0.58
Average shareholder expectation
Revenue Estimate
$2.04 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio2.2448 203.79%
Total Calls3,652,100 23.22%
Total Puts8,198,400 35.41%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %69.17% 1.99%
Total Invested$45.13B 10.42%
Investors Holding711 55.00%

ESG Score

No data

About TC Energy Corporation

CEO: Russell Girling

Relevant Senate Committees

Joint Committee on Taxation

This committee provides the official 'revenue estimates' for all tax legislation. Its analysis and scoring of tax bills directly shape corporate tax structures and investment incentives, critically influencing TC Energy's financial planning and valuations.

Finance

As the primary committee for taxation and trade, it directly impacts corporate tax rates, investment credits, and tariffs on materials (e.g., steel for pipelines), which significantly affect TC Energy's profitability and capital expenditure decisions.

Appropriations

This committee directly allocates federal discretionary spending. Its subcommittees can determine funding for energy infrastructure projects, grants, or related federal programs that could directly impact TC Energy's business and project opportunities.

Energy and Natural Resources

This committee directly oversees national energy policy, public lands, and the Department of Energy. Its decisions on resource leasing, pipeline approvals, and energy infrastructure policy are fundamental to TC Energy's core business of transporting crude oil and natural gas.

Environment and Public Works

This committee directly regulates the EPA and environmental policy, which is critical for pipeline permitting, construction, and operation (e.g., environmental impact assessments, emissions, spill prevention). It also influences infrastructure development.

Foreign Relations

TC Energy operates significant cross-border pipelines (e.g., between the U.S. and Canada/Mexico). Foreign policy decisions, trade agreements, and international relations directly impact the approval, operation, and profitability of these vital assets.