Tc Energy Corp
Tc Energy Corp (TRP) is listed on NYSE and classified in Oil & Gas Midstream, part of the Energy sector. It is headquartered in Calgary, Canada and has 6,574 employees. The company is worth $64.57B and trades at 24.5x its earnings of the last twelve months; the median for its sector is 14.7x. Revenue was CA$15.24B in fiscal 2025, up 10.7% from the year before. Net income was CA$3.52B. The share price is 13.3% below its 52-week high of $71.47. It pays a dividend yielding 4.02%. 5 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Ken Griffin (Citadel Advisors), at $62.26M. In that quarter, 2 of them opened or added to the position and 3 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Revenue, debt and profit are in CAD, the currency the company reports in — not converted to dollars. Dividends are in dollars.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +31.6% over 5Y.
today you would have $1,458.38▲ +45.8%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 4 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Year-end price | $55.01 | $46.53 | $39.09 | $39.86 | |
| EPS | CA$3.27 | CA$4.43 | CA$2.75 | CA$0.64 | |
| Dividend yield | 5.82% | 2.21% | 5.39% | 6.49% | 6.26% |
| Profit margin | 22.56% | 23.09% | 34.12% | 22.02% | 6.08% |
| ROE | 11.39% | 12.89% | 17.03% |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 0.0% a year plus a 4.0% dividend yield. Growth capped at 25%.
Median P/E of 14.7 among peers in the sector.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Energy, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| OXYOccidental Petroleum Corp | $62.50 | 17.8x | 1.9x | 1.79% | 10.63% | $62.48B |
| TRGPTarga Resources Corp. | $289.54 | 27.7x | 17.0x | 1.73% | 70.84% | $62.09B |
| ETEnergy Transfer LP | $20.04 | 13.7x | 2.2x | 6.79% | 14.56% | $69B |
| LNGCheniere Energy, Inc. | $287.01 |
| 9.89% |
| 2.20% |
This company reports in CAD, and the stock trades in dollars. P/E, P/S, P/B and payout would divide dollars by CAD, so they are not shown; EPS is in CAD. Margin, ROE and dividend yield do not depend on the currency.
Median of the years shown; P/E years above 200x are left out.
Dividend growing 3.2% a year against a 8.9% required return, from the stock’s beta.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
4 methods answered, across 2 families.
Room for errors in the reported numbers.
-61.1% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 21.7x |
| 9.6x |
| 0.77% |
| 39.12% |
| $59.28B |
| OKEOneok Inc /new/ | $93.90 | 16.2x | 2.6x | 4.56% | 16.28% | $59.2B |
| CVECenovus Energy Inc | $32.01 | 12.3x | 2.4x | 1.94% | 20.93% | $59.03B |