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TC Energy Corporation TRP | NYSE

$61.98 -$0.33 | -0.53%
TREND SIGNAL:Signal available — unlock to view |2026-10-21

Next Earnings: Nov 05, 2026

Company Overview:

Market Cap: $64.58B
Trailing PE: 18.6x
FWD PE *: 16.1x
Payout Ratio (TTM): 95.2%
52-Week Range: $49.27 - $71.47

* Forward PE is based on street estimates.

10 Year TRP Performance Metrics:

Total Return (with DRIP): 120.0% (8.20% CAGR)
Total Return (no DRIP): 84.6% (6.32% CAGR)
Share Price: 34.0% (2.97% CAGR)
Yield on Cost (with DRIP): 8.78%
Total Invested: $10,000
Total Value (with DRIP): $22,002
Total Return $ (with DRIP): $12,002
Dividend Increase: 44.6% (3.76% CAGR)
Dividend Yield (FWD): 3.99% ($2.47)
TRP 10-yr Total Return ($10K invested)
1M 3M 6M YTD 1Y 3Y 5Y 10Y
TRP Share Price
1M 3M 6M YTD 1Y 3Y 5Y 10Y All
TRP Price CAGR:1Y: 19.77%2Y: 14.35%5Y: 2.42%10Y: 2.77%
TRP Dividend Charts
TRP - Dividends
TRP Dividend CAGR:1Y: 1.26%2Y: -6.74%5Y: -2.12%10Y: 3.76%
TRP - Dividend Payout Ratio
TRP Dividend Payout Ratio CAGR:1Y: -12.37%2Y: -5.14%5Y: 0.31%10Y: -2.14%
TRP - Dividend to Free Cash Flow Ratio
TRP Dividend to FCF Ratio CAGR:1Y: -17.62%2Y: -53.64%5Y: -16.91%10Y: 0.00%

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TRP Financials: Earnings, Revenue, Cash Flow, Ebitda, Cash/Debt, Shares Float, etc:

TRP - Revenue
TRP Revenue CAGR:1Y: 6.67%2Y: -1.12%5Y: 4.65%10Y: 3.80%
TRP - Earnings Per Share (EPS)
TRP EPS CAGR:1Y: 18.75%2Y: 1.07%5Y: -1.02%10Y: 6.21%
TRP - Net Income
TRP Net Income CAGR:1Y: 18.05%2Y: 1.33%5Y: 0.84%10Y: 10.78%
TRP - EBITDA
TRP EBITDA CAGR:1Y: -7.98%2Y: -3.76%5Y: 1.51%10Y: 4.17%
TRP - Free Cash Flow
TRP Free Cash Flow CAGR:1Y: 25.57%2Y: 107.35%5Y: 21.73%10Y: 0.00%
TRP - Free Cash Flow / Share
TRP Free Cash Flow / Share CAGR:1Y: 25.28%2Y: 106.81%5Y: 20.21%10Y: 0.00%
TRP - Operating Income
TRP Operating Income CAGR:1Y: 10.02%2Y: 5.12%5Y: 5.09%10Y: 5.46%
TRP - Gross Profit
TRP Gross Profit CAGR:1Y: 9.33%2Y: 4.25%5Y: 4.84%10Y: 5.51%
TRP - Shares Outstanding
TRP Shares Outstanding CAGR:1Y: 0.19%2Y: 0.24%5Y: 1.26%10Y: 4.01%
TRP - Share Buybacks
TRP Share Buybacks CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%
TRP - Stock-Based Comp
TRP Stock-Based Comp CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%
TRP - Expenses
TRP Expenses CAGR:1Y: -20.23%2Y: -18.71%5Y: -6.03%10Y: -1.85%

Revenue, EPS, Net Income & Ebitda - Estimates VS Actual:

TRP - REVENUE: Actual + Estimates
TRP Actual Revenue CAGR:1Y: 6.67%2Y: -1.12%5Y: 4.65%10Y: 3.80%
TRP - EPS: Actual + Estimates
TRP Actual EPS CAGR:1Y: 18.75%2Y: 1.07%5Y: -1.02%10Y: 6.21%
TRP - NET INCOME: Actual + Estimates
TRP Actual Net Income CAGR:1Y: 18.05%2Y: 1.33%5Y: 0.84%10Y: 10.78%
TRP - EBITDA: Actual + Estimates
TRP Actual EBITDA CAGR:1Y: -7.98%2Y: -3.76%5Y: 1.51%10Y: 4.17%

Ratios, Profit Margins & Return on Capital:

TRP - Net Profit Margin
TRP Net Profit Margin CAGR:1Y: 10.65%2Y: 2.47%5Y: -3.64%10Y: 6.73%
TRP - Gross Profit Margin
TRP Gross Profit Margin CAGR:1Y: 2.50%2Y: 5.44%5Y: 0.18%10Y: 1.65%
TRP - Price to Earnings
TRP Price to Earnings CAGR:1Y: 18.97%2Y: 34.91%5Y: 9.91%10Y: -1.29%
TRP - Price To Sales Ratio
TRP Price To Sales Ratio CAGR:1Y: 32.75%2Y: 36.46%5Y: 5.36%10Y: 5.08%
TRP - Return on Capital Employed
TRP Return on Capital Employed CAGR:1Y: 4.13%2Y: 6.59%5Y: 0.20%10Y: 0.38%
TRP - Return on Invested Capital
TRP Return on Invested Capital CAGR:1Y: 9.60%2Y: 2.17%5Y: -3.59%10Y: 1.12%

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TRP Dividends Info:

Annual Dividend: $2.476
Forward Yield: 3.99%
Ex-Dividend Date: 2026-09-29
Lifetime Dividends / Share: $65.15

TRP Dividend History: Dates, Payments & Yield list

Below is a schedule of all TRP dividend payments, ex-dates, share price on the day of the payment as well as the annualized yield & forward yield

Ex-Date Payment Date Amount Yield Forward Yield Price on Ex-Date
09/29/202610/01/2026$0.6194.25%4.22%$58.62
06/30/202607/02/2026$0.6183.73%3.72%$66.47
03/31/202604/02/2026$0.6304.03%3.98%$63.36
12/31/202501/30/2026$0.6204.51%4.23%$58.67
09/29/202510/31/2025$0.6114.57%4.87%$50.16
06/30/202507/02/2025$0.6215.09%5.18%$47.98
03/31/202504/02/2025$0.5965.05%4.89%$48.72
12/31/202401/02/2025$0.5724.91%4.83%$47.37
09/27/202409/30/2024$0.7126.09%5.99%$47.55
06/28/202407/01/2024$0.7037.42%7.49%$37.56
03/27/202403/29/2024$0.7057.12%7.87%$35.85
12/28/202301/01/2024$0.7017.16%7.11%$39.43
09/28/202310/02/2023$0.6907.98%8.27%$33.40
06/29/202307/03/2023$0.7077.09%6.95%$40.69
03/30/202304/03/2023$0.6796.98%6.84%$39.70
12/29/202201/31/2023$0.6626.68%6.14%$43.14
09/28/202210/31/2022$0.6566.07%5.97%$43.92
06/29/202207/29/2022$0.6995.36%5.24%$53.32
03/30/202204/29/2022$0.7215.04%5.45%$52.90
12/30/202101/31/2022$0.6835.91%5.29%$51.65
09/28/202110/29/2021$0.6895.62%5.09%$54.10
06/29/202107/30/2021$0.7055.71%5.79%$48.73
03/30/202104/30/2021$0.6915.98%5.59%$49.47
12/30/202001/29/2021$0.6326.29%5.89%$42.93
09/29/202010/30/2020$0.6065.6%6.14%$39.46
06/29/202007/31/2020$0.5925.63%5.19%$45.60
03/30/202004/30/2020$0.5795.62%5%$46.36
12/30/201901/31/2020$0.5734.35%4.18%$54.82
09/27/201910/31/2019$0.5654.37%4.49%$50.33
06/27/201907/31/2019$0.5714.66%4.67%$48.96
03/28/201904/30/2019$0.5594.99%4.68%$47.76
12/28/201801/31/2019$0.5075.67%4.77%$42.52
09/27/201810/31/2018$0.5285.25%5.6%$37.72
06/28/201807/31/2018$0.5174.87%4.6%$44.95
03/28/201804/30/2018$0.5355.32%5.04%$42.45
12/28/201701/31/2018$0.4944.07%4.29%$46.04
09/28/201710/31/2017$0.5014.05%4.22%$47.48
06/28/201707/31/2017$0.4743.97%3.71%$51.12
03/29/201704/28/2017$0.4674.03%4.02%$46.44
12/28/201601/31/2017$0.4163.7%3.52%$47.22
09/28/201610/31/2016$0.4283.59%3.78%$45.28
06/28/201607/29/2016$0.4323.95%3.73%$46.35
03/29/201604/29/2016$0.4284.51%4.13%$41.49
12/29/201501/29/2016$0.3744.5%4.33%$34.56
09/28/201510/30/2015$0.3905.02%4.64%$33.59
06/26/201507/31/2015$0.4224%4.34%$38.91
03/27/201504/30/2015$0.4173.88%3.59%$46.42
12/29/201401/30/2015$0.4133.37%3.71%$44.48
09/26/201410/31/2014$0.4323.32%3.51%$49.29
06/26/201407/31/2014$0.4483.79%3.57%$50.17
03/27/201404/30/2014$0.4323.84%3.71%$46.63
12/27/201301/31/2014$0.4323.82%3.98%$43.44
09/26/201310/31/2013$0.4464.05%3.95%$45.11
06/26/201307/31/2013$0.4384.09%3.83%$45.72
03/26/201304/30/2013$0.4493.75%3.63%$49.51
12/27/201201/31/2013$0.4403.76%3.72%$47.37
09/26/201210/31/2012$0.4493.96%3.97%$45.23
06/27/201207/31/2012$0.4284.17%3.77%$45.45
03/28/201204/30/2012$0.4444.1%4.04%$43.98
12/28/201101/31/2012$0.4123.84%4.01%$41.05
09/28/201110/31/2011$0.4123.99%3.83%$43.04
06/28/201107/29/2011$0.4253.96%4.05%$41.95
03/29/201104/29/2011$0.4304.32%4.01%$42.94
12/29/201001/31/2011$0.4004.19%4.38%$36.54
09/28/201010/29/2010$0.3914.19%4.23%$36.95
06/28/201007/30/2010$0.3834.36%4.33%$35.35
03/29/201004/30/2010$0.3904.29%4.43%$35.20
12/29/200901/29/2010$0.3624.23%4.54%$31.91
09/28/200910/30/2009$0.3484.55%4.56%$30.54
06/26/200907/31/2009$0.3274.84%4.6%$28.45
03/27/200904/30/2009$0.3105.05%4.97%$24.97
12/29/200801/30/2009$0.2954.43%4.39%$26.85
09/26/200810/31/2008$0.3483.8%4.59%$30.30
06/26/200807/31/2008$0.3563.76%3.68%$38.74
03/27/200804/30/2008$0.3543.67%3.85%$36.74
12/27/200701/31/2008$0.3433.39%3.5%$39.23
09/26/200710/31/2007$0.3403.74%3.21%$42.37
06/27/200707/31/2007$0.3183.73%3.51%$36.20
03/28/200704/30/2007$0.2933.51%3.28%$35.75
12/27/200601/31/2007$0.2773.18%3.34%$33.19
09/27/200610/31/2006$0.2863.61%3.54%$32.36
06/28/200607/31/2006$0.2854.04%3.71%$30.74
03/29/200604/28/2006$0.2743.78%3.71%$29.56
12/28/200501/31/2006$0.3053.93%3.9%$31.25
09/28/200510/31/2005$0.3053.93%4.09%$29.81
06/28/200507/29/2005$0.2423.68%3.54%$27.35
03/29/200504/29/2005$0.3055.07%5.18%$23.53
12/29/200401/31/2005$0.2383.92%3.97%$23.95
09/28/200410/29/2004$0.2905.28%5.13%$22.63
06/28/200407/30/2004$0.2905.95%5.77%$20.10
03/29/200404/30/2004$0.2905.33%5.89%$19.69
12/29/200301/30/2004$0.2705.02%5.28%$20.47
09/26/200310/31/2003$0.2705.88%5.3%$20.39
06/26/200307/31/2003$0.2706.07%6.02%$17.95
03/27/200304/30/2003$0.2707.26%6.78%$15.94
12/27/200201/31/2003$0.2506.94%6.67%$15.00
09/26/200210/31/2002$0.2506.94%6.92%$14.45
06/26/200207/31/2002$0.2506.54%7.01%$14.27
03/26/200204/30/2002$0.2507.29%6.91%$14.48
12/27/200101/31/2002$0.2257.25%6.97%$12.92
09/26/200110/31/2001$0.2256.96%6.9%$13.05
06/27/200107/31/2001$0.2257.22%7.23%$12.44
03/28/200104/30/2001$0.2257.44%7.61%$11.83
12/27/200001/31/2001$0.2007.48%7.46%$10.72
09/27/200010/31/2000$0.2008.59%8.42%$9.50
06/28/200007/31/2000$0.20010.08%10.4%$7.69
03/29/200004/28/2000$0.20010.58%11.22%$7.13
12/28/199901/31/2000$0.28012.89%13.68%$8.19
09/28/199910/29/1999$0.2808.33%9.29%$12.06
06/28/199907/30/1999$0.2808.07%8.33%$13.44
03/29/199904/30/1999$0.2808.74%8.03%$13.94
12/29/199801/29/1999$0.2807.76%7.83%$14.31
09/28/199810/30/1998$0.2807.4%7.32%$15.31
06/25/199806/30/1998$0.3106.71%6.73%$18.42
03/27/199804/30/1998$0.3106.29%6.71%$18.47
12/29/199701/30/1998$0.3106.93%6.89%$18.01
09/26/199710/31/1997$0.2907.19%7.5%$15.47
06/26/199707/31/1997$0.2907%7%$16.56
03/26/199704/30/1997$0.2907.37%7.68%$15.11
12/27/199601/31/1997$0.2908.24%7.73%$15.01
09/26/199610/31/1996$0.2708.28%7.73%$13.97
06/26/199607/31/1996$0.2709%8.42%$12.83
03/27/199604/30/1996$0.2709.32%9.24%$11.69
12/27/199501/31/1996$0.2709.57%9.08%$11.90
09/27/199510/31/1995$0.2509.2%9.03%$11.07
06/28/199507/31/1995$0.2509.12%8.87%$11.28
03/27/199504/28/1995$0.2509.29%9.12%$10.97
12/23/199401/31/1995$0.2509.76%9.86%$10.14
09/26/199410/31/1994$0.2308.63%8.55%$10.76
06/24/199407/29/1994$0.2309.46%8.98%$10.25
03/25/199404/29/1994$0.2308.08%8.23%$11.18
12/27/199301/31/1994$0.2307.35%7.23%$12.73
09/24/199310/29/1993$0.2106.71%6.65%$12.63
06/24/199307/30/1993$0.2106.55%6.15%$13.66
03/25/199304/30/1993$0.2106.82%6.76%$12.42
12/24/199201/29/1993$0.2107.12%7.59%$11.07
09/24/199210/30/1992$0.1906.28%6.28%$12.11
06/24/199207/31/1992$0.1906.39%5.92%$12.83
03/25/199204/30/1992$0.1906.68%6.5%$11.69
12/24/199101/31/1992$0.1906.12%6.17%$12.31
09/24/199110/31/1991$0.1806%5.75%$12.52
06/24/199107/31/1991$0.1805.75%5.85%$12.31
03/22/199104/30/1991$0.1805.7%5.8%$12.42
12/24/199001/31/1991$0.1805.95%6%$12.00
06/24/198811/30/-0001$0.1707.22%7.22%$9.42
09/26/198811/30/-0001$0.1707.73%7.73%$8.80
12/23/198811/30/-0001$0.1706.32%6.32%$10.76
03/27/198911/30/-0001$0.1706.32%6.32%$10.76
06/26/198911/30/-0001$0.1706.63%6.63%$10.25
09/25/198911/30/-0001$0.1705.71%5.71%$11.90
12/22/198911/30/-0001$0.1705.87%5.87%$11.59
03/26/199011/30/-0001$0.1705.82%5.82%$11.69
06/25/199011/30/-0001$0.1705.98%5.98%$11.38
09/24/199011/30/-0001$0.1706.2%6.2%$10.97
07/13/199811/30/-0001$7.237165.42%165.42%$17.50
03/25/198811/30/-0001$0.1707.56%7.56%$9.00

Projected Future Returns & Dividends for TRP

Based on past 10-year performance, here are TRP growth metrics:

Share price CAGR of +2.77%
Dividend CAGR of +3.79%

Using TRP CAGR metrics, we can estimate that your initial $10000 investment, over the next 10 years, should grow as follows:

TRP (DRIP)TRP - No DRIP
Current Price$61.98$61.98
Start Shares161.34161.34
Start Value$10,000$10,000
  
After 10 years:
Final Share Count244.49161.34
Dividends Payment$0.90$0.90
Annual Dividends$878$580
Yield on cost8.78%5.80%
Share Price$81.46$81.46
Total Dividends$5,913$4,750
Final Value$19,916$17,893

Estimated Future Value + Dividends - TRP

NOTE: Above numbers are our estimate based on TRP's Dividend and Price CAGR over past 10 years. These numbers should only be considered as "potential future returns"! DRIP assumes reinvesting dividends; No-DRIP assumes collecting dividends as cash.

We cannot guarantee that your actual returns will meet these estimates.

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Company Info

TC Energy Corporation (TRP) had its IPO on 1982-09-20, and is traded on NYSE stock exchange.

TC Energy Corporation (TRP), headquartered in Calgary, Canada, is a significant North American energy infrastructure enterprise, established in 1951. Its extensive operations are strategically divided into five key business units: Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexican Natural Gas Pipelines, Liquids Pipelines, and Power & Storage. The company is responsible for constructing and managing a vast natural gas pipeline network, which stretches for 93,300 kilometers. This critical infrastructure facilitates the movement of natural gas from production basins to a variety of destinations, including local utility providers, electricity generating facilities, industrial sites, interconnected pipelines, liquefied natural gas (LNG) export terminals, and other commercial clients. Additionally, TC Energy operates regulated natural gas storage facilities with a total working gas capacity of 535 billion cubic feet, alongside approximately 118 billion cubic feet of non-regulated natural gas storage capacity located solely within Alberta. Furthermore, TC Energy oversees a liquids pipeline system spanning roughly 4,900 kilometers. This system efficiently transports crude oil from Alberta's supply regions to major refining centers across Illinois, Oklahoma, Texas, and the U.S. Gulf Coast. Its asset portfolio also includes ownership or interests in seven power generation facilities. These plants, situated in Alberta, Ontario, Québec, and New Brunswick, have a combined output of approximately 4,300 megawatts and are fueled by natural gas and nuclear energy sources. The organization was previously known as TransCanada Corporation until it officially rebranded to TC Energy Corporation in May 2019.

TRP website: https://www.tcenergy.com


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DCF Model — TRP

Value from:
Pay up to today
—
vs current price $61.98
—
Cash flow & implied price by year

FCF is negative or missing for this company (common for banks) — the model discounts EPS instead.

EPS is negative or missing for this company — Simple mode uses free cash flow per share instead.

Free cash flow today
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grows for the next years
Then mature
—
every future dollar counted back to today
Pile of today-dollars
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÷ shares
Implied price path
YearFCFImplied price
Sensitivity — fair value: growth ↓ × target return →