TC Energy Corporation is an energy infrastructure company in North America. The company is headquartered in Calgary, Canada.
| Revenue (TTM) | $15.69B |
| Gross Profit (TTM) | $10.91B |
| EBITDA | $9.94B |
| Operating Margin | 44.30% |
| Return on Equity | 11.80% |
| Return on Assets | 3.67% |
| Revenue/Share (TTM) | $15.07 |
| Book Value | $17.24 |
| Price-to-Book | 3.45 |
| Price-to-Sales (TTM) | 4.10 |
| EV/Revenue | 9.7 |
| EV/EBITDA | 13.25 |
| Quarterly Earnings Growth (YoY) | 18.30% |
| Quarterly Revenue Growth (YoY) | 5.70% |
| Shares Outstanding | $1.04B |
| Float | $998.37M |
| % Insiders | 0.05% |
| % Institutions | 72.00% |
Volatility is currently expanding
CALGARY, Alberta, Oct. 16, 2026 (GLOBE NEWSWIRE) -- TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) will hold a teleconference and webcast on Thursday, Nov. 5, 2026, to discuss its third quarter financial results. The event will also include an update to the Company's financial outlook along with other developments.
TRP advances CGL Phase 2 after LNG Canada's FID, with capacity nearly doubling and construction set to begin in 2027.
SHEL greenlights LNG Canada Phase 2, doubling capacity to 28 mtpa and securing nearly 6 mtpa of additional LNG from the project.
Project will enable more Canadian natural gas to meet growing global LNG demand Project will enable more Canadian natural gas to meet growing global LNG demand
TC Energy is positioned for long-term growth, driven by surging U.S. natural gas demand, especially from the data center industry. TRP has a robust FY 2026 financial outlook, projecting consistent EBITDA growth as new pipeline and storage projects come online. Trading at a 13.4x EV/EBITDA multiple, TRP offers a revaluation opportunity relative to peers, supported by its natural gas focus and an expanding transmission network.
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TRP is selling a Mexican pipeline for $400 million, creating capital flexibility while retaining a substantial network in the country.
Generates cash proceeds of approximately $560 million (US$400 million) High-grading portfolio to redeploy proceeds towards accretive growth opportunities across TC Energy's North American footprint
TC Energy Corporation's Bruce Power, operating two stations (A and B), delivers 6.6 GW of nuclear capacity with fixed-price MWh contracts, supports stable cash flows. Plans for Bruce Power C could add up to 4.8 GW of nuclear capacity, with a final investment decision highlighted as a key milestone. Major Component Replacement projects leverage advanced robotics, underscoring operational efficiency and long-term asset reliability.
TRP's stronger cash flows, rising gas demand and growing pipeline support growth, but elevated leverage and a richer valuation may warrant patience.
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