TC Energy Advances Coastal GasLink Phase 2 Expansion Plans
TRP advances CGL Phase 2 after LNG Canada's FID, with capacity nearly doubling and construction set to begin in 2027.
Zacks Investment Research9/30/2026Positive
TRP
TC Energy CorpNYSEENERGYOIL & GAS MIDSTREAM
Key Statistics
Market Cap
$62.56B
P/E Ratio
23.64
EPS
$2.54
Beta
0.98
52W High
$70.14
52W Low
$47.29
50-Day MA
$61.86
200-Day MA
$63.21
Dividend Yield
5.76%
Profit Margin
22.90%
Forward P/E
21.19
PEG Ratio
2.97
About TC Energy Corp
TC Energy Corporation is an energy infrastructure company in North America. The company is headquartered in Calgary, Canada.
Fundamentals
| 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 | $17.12 |
| Price-to-Book | 3.45 |
| Price-to-Sales (TTM) | 3.99 |
| 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% |
Historical Volatility
HV 10-Day
18.55%
HV 20-Day
17.09%
HV 30-Day
17.75%
HV 60-Day
19.33%
HV Rank
29.8%
Volatility is currently expanding
Analyst Ratings
Consensus ($66.63 target)
7
Strong Buy10
Buy7
HoldLatest News
Shell Greenlights LNG Canada Phase 2, Doubling Export Capacity
SHEL greenlights LNG Canada Phase 2, doubling capacity to 28 mtpa and securing nearly 6 mtpa of additional LNG from the project.
Zacks Investment Research9/30/2026Positive
Coastal GasLink Phase 2 to proceed following LNG Canada Final Investment Decision
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
GlobeNewsWire9/29/2026Neutral
TC Energy: AI Data Center Growth Catalyst, 4.3% Yield
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.
Seeking Alpha9/29/2026Positive
NTHM's Index Rebalance Puts Thematic Rotation to Work
The latest rebalance of VettaFi's Thematic Rotation Quality Momentum Screened Index (TQRMS), tracked by the NBI Thematic Rotation ETF (NTHM:TSX), reshapes the portfolio around a new set of themes. GLP-1 weight loss drug manufacturers and midstream energy join the index, while battery technology & storage and software-as-a-service (SaaS) exit.
ETF Trends9/25/2026Neutral
TC Energy to Divest Guadalajara-Manzanillo Pipeline for $400M
TRP is selling a Mexican pipeline for $400 million, creating capital flexibility while retaining a substantial network in the country.
Zacks Investment Research9/22/2026Neutral
TC Energy announces sale of Guadalajara-Manzanillo Pipeline
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
GlobeNewsWire9/21/2026Neutral
TC Energy: Powering AI With Natural Gas And Power
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.
Seeking Alpha8/28/2026Positive
Is TC Energy Stock Worth Buying as Growth Meets a Premium Valuation?
TRP's stronger cash flows, rising gas demand and growing pipeline support growth, but elevated leverage and a richer valuation may warrant patience.
Zacks Investment Research8/6/2026Positive
TC Energy Q2 Earnings and Revenues Beat Estimates, Rise Y/Y
TRP expects comparable EBITDA at the upper end of its C$11.6-C$11.8 billion guidance and net capital expenditures of C$5.5-C$6 billion.
Zacks Investment Research8/6/2026Positive
Turn research into an automated options-selling system
Tiblio connects your broker and runs your put-and-call-writing strategy for you — on TRP and any ticker you trade — then tracks every position and per-strategy win rate.
More ENERGY Stocks
Data last updated: 10/12/2026