TC Energy Corporation (TRP)
Energy · NYQ
Price as at 1 Oct 2026, 02:57 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
TC Energy Corporation trades at $57.78, which is 53% above the $27.18 our fair value estimate puts on the business. On that measure it screens as expensive, which is not the same as saying it will fall.
Our moat model scores it 68 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 28.2 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
TRP dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | $1.87 | 3 |
| 2025 | $1.21 | 2 |
| 2024 | $2.51 | 4 |
| 2023 | $2.54 | 4 |
| 2022 | $2.49 | 4 |
| 2021 | $2.52 | 4 |
| 2020 | $2.20 | 4 |
| 2019 | $2.07 | 4 |
| 2018 | $1.90 | 4 |
| 2017 | $1.76 | 4 |
| 2016 | $1.55 | 4 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
TRP earnings and analyst estimates
Recommendation mix, 24 published ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About TC Energy Corporation
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.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
TRP passes 2 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
13 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Capital Research Global, Capital Research Global Investors$2.88B · 0.4% of book
- Dodge & Cox, DODGE & COX$333.76M · 0.2% of book
- Ken Griffin, CITADEL ADVISORS LLC$62.26M · 0.0% of book
- D. E. Shaw, D. E. Shaw & Co., Inc.$59.46M · 0.0% of book
- Two Sigma, TWO SIGMA INVESTMENTS, LP$56.39M · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
Politician trades in TRP
We hold 8 disclosed trades in TRP by members of Congress and executive-branch officials. The latest 5:
- David P. Joyce · HouseSell · $1,001 - $15,000 · traded 23 Jun 2023 · disclosed 6 Aug 2024
- David A. Trott · HouseSell · $15,001 - $50,000 · traded 6 Dec 2018 · disclosed 8 Jan 2019
- Bill Flores · HouseBuy · $1,001 - $15,000 · traded 10 Oct 2018 · disclosed 14 Nov 2018
- Bill Flores · HouseBuy · $1,001 - $15,000 · traded 9 Oct 2018 · disclosed 14 Nov 2018
- David A. Trott · HouseSell · $15,001 - $50,000 · traded 20 Sept 2018 · disclosed 5 Oct 2018
A disclosure reports a value band, not an amount, and is due up to 45 days after the trade; some arrive later. Every filer we track, each with their own page, is on the Congress trading tracker.
TRP peers
The largest companies in the same industry (Oil & Gas Midstream), then in the same sector.
- ENB Enbridge Inc.
- EPD Enterprise Products Partners L.P.
- ET Energy Transfer LP
- MPLX MPLX LP
- VG Venture Global, Inc.
- PBA Pembina Pipeline Corporation
- PAA Plains All American Pipeline, L.P.
- AM Antero Midstream Corporation
Every energy company we cover is on the Energy hub.
Common questions
Is TC Energy Corporation (TRP) undervalued?
Against our fair value estimate of $27.18, TRP at $57.78 is 53% above fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own TRP?
13 of the institutions we track reported a position in TRP in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is TRP's P/E ratio?
TRP trades at 28.2 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does TC Energy Corporation (TRP) pay a dividend?
Yes. TC Energy Corporation yields 3.67% at the current share price. It has paid $1.87 per share over the trailing twelve months. It has paid a dividend in each of the last 38 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
Where does SteadyShares get its TRP data?
Fundamentals for TRP come from company filings and exchange data, as listed on NYQ; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 1 Oct 2026, 02:57 UTC and is delayed. Our data quality score for this company is 100/100, which is the share of the inputs behind our scores that were actually available rather than assumed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for TRP, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.