TC Energy Corp

TC Energy Corp (TRP) Stock Analysis

$61.740

+2.142 (+3.47%)At close

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High
61.740
Open
59.870
VWAP
61.12
Volume
2.99M
Mkt Cap
40.00B
Low
59.870
Amount
182.52M
EV/EBITDA, TTM
11.97

TC Energy Corporation is an energy problem-solver working to move, generate and store energy and deliver it to homes and businesses in North America. The Company operates in two core businesses, including Natural Gas Pipelines and Power and Energy Solutions. Its natural gas pipeline network transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals and other businesses across Canada, the U.S. and Mexico. The Power and Energy Solutions business consists of power generation, non-regulated natural gas storage assets, as well as lower-carbon solutions. Its Power and Energy Solutions business includes approximately 4,650 megawatts (MW) of generation powered by nuclear, natural gas, wind and solar. Its natural gas pipelines business is split into three operating segments: Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines and Mexico Natural Gas Pipelines.

AI analysis of TC Energy Corp (TRP)

Buy

TC Energy Corp (TRP) is a good buy right now, trading at $61.74 with a forward P/E of 21.19, which is reasonable given its growth potential. The stock has shown a strong 1-year change of +19.79%, and analysts predict further growth, with a price target of $71 from Goldman Sachs, suggesting a potential upside of 14.5%. The RSI is currently at 63.54, indicating bullish momentum, although it is approaching overbought territory. The main risk is its high debt-to-equity ratio of 170.09%, which could impact financial stability if not managed carefully.

Analyst Ratings (8)

-2.19% Downside
Buy
6 Buy
2 Hold
0 Sell
Current: 61.74
Low
53.31
Average
60.39
High
78.00

Goldman Sachs

2026-09-30

Price Target

$71

Buy

Goldman

2026-09-30

Price Target

$58.40

Buy

Raymond James

2026-09-16

Price Target

$92

Market Perform

TD Securities

2026-09-14

Price Target

$102

Buy

Morgan Stanley

2026-09-10

Price Target

$108

Overweight

Valuation Metrics

The current forward P/E ratio for TC Energy Corp (TRP) is 21.19, compared to its 5-year average forward P/E of 16.49.

Forward P/E

Overvalued
5Y Average P/E
16.49
Current P/E
21.19
Overvalued
20.21
Undervalued
12.77

Forward EV/EBITDA

Fair
5Y Average EV/EBITDA
12.00
Current EV/EBITDA
11.97
Overvalued
13.04
Undervalued
10.95

Forward P/S

Fair
5Y Average P/S
4.06
Current P/S
3.68
Overvalued
4.62
Undervalued
3.50

Alphio AI Price Scenarios for TRP

Scenario prices are the last monthly forecast band of the current year. Probabilities are fixed model weights (25 / 50 / 25), not guarantees.

B

Bull

Bull · 25%TRP

$60.04

Scenario price

B

Base

Base · 50%TRP

$54.69

Scenario price

B

Bear

Bear · 25%TRP

$52.27

Scenario price

Whales holding TRP

G

GQG Partners, LLC

+ HoldingTRP

+9.34%

3M Return

T

Tetrem Capital Management Ltd.

+ HoldingTRP

+8.55%

3M Return

P

Picton Mahoney Asset Management

+ HoldingTRP

+6.66%

3M Return

D

DWS Investment Management Americas, Inc.

+ HoldingTRP

+6.24%

3M Return

A

Addenda Capital Inc.

+ HoldingTRP

+5.98%

3M Return

A

ATB Investment Management Inc.

+ HoldingTRP

+5.10%

3M Return

Events Timeline

2026-09-29 (ET)

07:00:00

TC Energy Advances Coastal GasLink Phase 2

2026-09-22 (ET)

06:00:00

TC Energy Sells Energia Occidente de Mexico for $400M

2026-08-24 (ET)

10:30:00

Trump Announces Canada Auto Tariffs to Increase to 50%

2026-07-30 (ET)

07:01:00

Company Reports Q2 Comparable EBITDA of C$2.9B

News

TRP FAQ — answered by Alphio AI

TC Energy Corporation is an energy problem-solver working to move, generate and store energy and deliver it to homes and businesses in North America. The Company operates in two core businesses, including Natural Gas Pipelines and Power and Energy Solutions. Its natural gas pipeline network transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals and other businesses across Canada, the U.S. and Mexico. The Power and Energy Solutions business consists of power generation, non-regulated natural gas storage assets, as well as lower-carbon solutions. Its Power and Energy Solutions business includes approximately 4,650 megawatts (MW) of generation powered by nuclear, natural gas, wind and solar. Its natural gas pipelines business is split into three operating segments: Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines and Mexico Natural Gas Pipelines. It operates in the Energy sector.

TC Energy Corp (TRP) is a good buy right now, trading at $61.74 with a forward P/E of 21.19, which is reasonable given its growth potential. The stock has shown a strong 1-year change of +19.79%, and analysts predict further growth, with a price target of $71 from Goldman Sachs, suggesting a potential upside of 14.5%. The RSI is currently at 63.54, indicating bullish momentum, although it is approaching overbought territory. The main risk is its high debt-to-equity ratio of 170.09%, which could impact financial stability if not managed carefully.

8 analysts cover TRP: 6 rate it Buy, 2 Hold and 0 Sell. The average price target is 60.39.

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This page is for research only and is not investment advice. Models can be wrong. Past performance does not guarantee future results.

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