TC Energy Corporation
Research TC Energy Corporation (TRP) on Bullrun: valuation model: 11.7% overvalued, market cap USD 64.45B, P/E 25.6, dividend yield 2.0%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerTRP
- ExchangeNYSE
- CountryCanada
- SectorEnergy
- IndustryOil & Gas Midstream
- CurrencyUSD
- Valuation signal11.7% overvalued
- Market capUSD 64.45B
- P/E25.6
- Dividend yield2.0%
- Financial periodQ2 2026
- RevenueCAD 3.96B
- Net incomeCAD 1.02B
- Free cash flowCAD 1.32B
- Gross margin50.0%
Valuation Snapshot
Bullrun's latest valuation model marks TC Energy Corporation as 11.7% overvalued; latest market cap is USD 64.45B; P/E is 25.6; dividend yield is 2.0%.
Peer valuation comparison
Latest P/E is 25.63x versus a Energy sector median of 14.75x (73.7% above).
Latest dividend yield is 2.01% versus a Energy sector median of 3.8% (47.1% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | CAD 15.24B | CAD 3.52B | CAD 2.06B | 50.2% | 3.26 | CAD 168.00M | CAD 60.63B | CAD 27.30B |
| FY2024 | CAD 11.55B | CAD 4.70B | CAD 1.34B | 49.6% | 4.43 | CAD 801.00M | CAD 59.88B | CAD 27.59B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 64.45B | 25.6 | 2.0% | 1.25 |
| 2025 | 2025-12-31 | USD 57.26B | 23.6 | 1.1% | 0.62 |
| 2024 | 2024-12-31 | USD 48.35B | 14.4 | 4.6% | 2.12 |
| 2023 | 2023-12-29 | USD 40.54B | n/a | 7.1% | 2.78 |
| 2022 | 2022-12-30 | USD 39.86B | 15.7 | 6.9% | 2.74 |
| 2021 | 2021-12-31 | USD 45.65B | 31.7 | 6.0% | 2.77 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 1.25 USD, yield 2.0%.
About TC Energy Corporation
TC Energy Corporation operates as an energy infrastructure company in Canada, the United States, and Mexico. It operates through four segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; and Power and Energy Solutions.
Related stock research
Other Energy stocks
Frequently asked questions
Is TC Energy Corporation overvalued or undervalued?
Bullrun's valuation model currently marks TC Energy Corporation as 11.7% overvalued.
What is TC Energy Corporation's market cap?
TC Energy Corporation's market capitalization is USD 64.45B.
What is TC Energy Corporation's P/E ratio?
TC Energy Corporation's price-to-earnings (P/E) ratio is 25.6.
Does TC Energy Corporation pay a dividend?
TC Energy Corporation has a dividend yield of 2.0%.
What does TC Energy Corporation do?
TC Energy Corporation operates as an energy infrastructure company in Canada, the United States, and Mexico. It operates through four segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; and Power and Energy Solutions. The company builds and operates a network of 94,171 kilometers of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses.