TC Energy (TRP) Stock Forecast & Price Target

TRP price $64.13 +1.01 +1.60%

Ticker
TRP
Price
$64.13
Change
+1.01 +1.60%
Market cap ?
$66.81B
P/E ?
26.30
Forward P/E ?
16.63
Dividend yield ?
3.98%
Beta ?
0.98
Sector
Energy
Industry
Oil & Gas Midstream
Stocklytics score
50
Value
37
Quality
52
Growth
60

Stocklytics score rationale: value 37, quality 52, growth 60.

Financials

2016201720182019202020212022202320242025
12505000000134490000001367900000013255000000129990000001338700000012309000000132670000001377100000015187613000

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…

Fair value

TRP fair value $66.47. Price $64.13. Price is about fair value.

Above fair value, and more expensive than usual. A larger premium than on 76% of days in the past 5 years.

Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.

Compare TRP

Earnings

DateEPS actualEPS estimateRevenueRevenue estimate
2026-11-05—0.64—2.79B
2026-07-300.680.612.80B2.78B
2026-05-010.620.703.04B2.89B
2026-02-130.700.653.03B2.98B
2025-11-060.560.562.66B2.94B
2025-07-310.590.562.00B1.88B
2025-05-010.660.701.82B1.81B
2025-02-140.750.681.75B2.50B
2024-11-070.760.713.02B2.93B
2024-08-010.630.602.98B2.78B
2024-05-030.830.783.13B3.11B
2024-02-160.930.763.20B3.18B
2023-11-080.670.652.90B2.84B
2023-07-270.660.652.89B2.81B
2023-04-280.810.792.90B2.84B
2023-02-140.750.742.98B2.81B
2022-11-090.820.752.06B1.92B
2022-07-280.780.772.82B1.93B
2022-04-290.900.892.80B2.65B
2022-02-150.840.832.83B2.60B
2021-11-050.790.792.56B2.83B
2021-07-290.870.762.57B2.38B
2021-05-070.890.872.69B2.38B
2021-02-180.880.782.58B2.80B
2020-10-290.710.692.40B3.19B
2020-07-300.670.672.28B3.06B
2020-05-010.880.742.42B3.07B
2020-02-130.780.782.45B3.26B
2019-11-010.790.762.35B2.95B
2019-08-010.750.752.57B3.30B
2019-05-030.800.762.60B3.19B
2019-02-140.780.703.09B3.83B
2018-11-010.760.592.43B2.52B
2018-08-020.660.582.41B2.93B
2018-04-270.780.642.65B3.00B
2018-02-150.650.582.83B3.47B
2017-11-090.560.562.57B3.19B
2017-07-280.560.602.47B2.89B
2017-05-050.610.662.54B3.11B
2017-02-160.560.692.68B3.51B

Dividends

Yield 3.87%. Payout ratio 102.36%. Frequency Quarterly.

Safety score 52/100 · Watch. Payout ratio is 102% of earnings, above what earnings cover. Dividends are larger than free cash flow. Dividends were paid in 43 separate years. Yield is 3.9%, in a range that is usually sustainable.

Ex-dateDividendRecordPaymentFrequency
2026-09-29$0.622026-09-292026-10-30Quarterly
2026-06-30$0.622026-06-302026-07-31Quarterly
2026-03-31$0.632026-03-312026-04-30Quarterly
2025-12-31$0.622025-12-312026-01-30Quarterly
2025-09-29$0.612025-09-292025-10-31Quarterly
2025-06-30$0.622025-06-302025-07-31Quarterly
2025-03-31$0.592025-03-312025-04-30Quarterly
2024-12-31$0.572024-12-312025-01-31Quarterly
2024-09-27$0.712024-09-272024-10-31Quarterly
2024-06-28$0.702024-06-282024-07-31Quarterly
2024-03-27$0.712024-03-282024-04-30Quarterly
2023-12-28$0.702023-12-292024-01-31Quarterly
2023-09-28$0.692023-09-292023-10-31Quarterly
2023-06-29$0.702023-06-302023-07-31Quarterly
2023-03-30$0.692023-03-312023-04-28Quarterly
2022-12-29$0.662022-12-302023-01-31Quarterly
2022-09-29$0.662022-09-302022-10-31Quarterly
2022-06-29$0.702022-06-302022-07-29Quarterly
2022-03-30$0.722022-03-312022-04-29Quarterly
2021-12-30$0.692021-12-312022-01-31Quarterly
2021-09-28$0.692021-09-302021-10-29Quarterly
2021-06-29$0.712021-06-302021-07-30Quarterly
2021-03-30$0.692021-03-312021-04-30Quarterly
2020-12-30$0.632020-12-312021-01-29Quarterly
2020-09-29$0.602020-09-302020-10-30Quarterly
2020-06-29$0.592020-06-302020-07-31Quarterly
2020-03-30$0.572020-03-312020-04-30Quarterly
2019-12-30$0.572019-12-312020-01-31Quarterly
2019-09-27$0.572019-09-302019-10-31Quarterly
2019-06-27$0.572019-06-282019-07-31Quarterly
2019-03-28$0.562019-03-292019-04-30Quarterly
2018-12-28$0.512018-12-312019-01-31Quarterly
2018-09-27$0.532018-09-282018-10-31Quarterly
2018-06-28$0.522018-06-292018-07-31Quarterly
2018-03-28$0.542018-03-292018-04-30Quarterly
2017-12-28$0.502017-12-292018-01-31Quarterly
2017-09-28$0.622017-09-292017-10-31Quarterly
2017-06-28$0.482017-06-302017-07-31Quarterly
2017-03-29$0.472017-03-312017-04-28Quarterly
2016-12-28$0.842016-12-302017-01-31Quarterly
2016-09-28$0.432016-09-302016-10-31Quarterly
2016-06-28$0.432016-06-302016-07-29Quarterly
2016-03-29$0.442016-03-312016-04-29Quarterly
2015-12-29$0.382015-12-312016-01-29Quarterly
2015-09-28$0.392015-09-302015-10-30Quarterly
2015-06-26$0.842015-06-302015-07-31Quarterly
2015-03-27$0.822015-03-312015-04-30Quarterly
2014-12-29$0.482014-12-312015-01-30Quarterly
2014-09-26$0.482014-09-302014-10-31Quarterly
2014-06-26$0.482014-06-302014-07-31Quarterly
2014-03-27$0.482014-03-312014-04-30Quarterly
2013-12-27$0.462013-12-312014-01-31Quarterly
2013-09-26$0.462013-09-302013-10-31Quarterly
2013-06-26$0.462013-06-282013-07-31Quarterly
2013-03-26$0.462013-03-282013-04-30Quarterly
2012-12-27$0.442012-12-312013-01-31Quarterly
2012-09-26$0.442012-09-282012-10-31Quarterly
2012-06-27$0.442012-06-292012-07-31Quarterly
2012-03-28$0.442012-03-302012-04-30Quarterly
2011-12-28$0.422011-12-302012-01-31Quarterly
2011-09-28$0.422011-09-302011-10-31Quarterly
2011-06-28$0.422011-06-302011-07-29Quarterly
2011-03-29$0.422011-03-312011-04-29Quarterly
2010-12-29$0.402010-12-312011-01-31Quarterly
2010-09-28$0.402010-09-302010-10-29Quarterly
2010-06-28$0.402010-06-302010-07-30Quarterly
2010-03-29$0.402010-03-312010-04-30Quarterly
2009-12-29$0.382009-12-312010-01-29Quarterly
2009-09-28$0.382009-09-302009-10-30Quarterly
2009-06-26$0.382009-06-302009-07-31Quarterly
2009-03-27$0.382009-03-312009-04-30Quarterly
2008-12-29$0.362008-12-312009-01-30Quarterly
2008-09-26$0.362008-09-302008-10-31Quarterly
2008-06-26$0.362008-06-302008-07-31Quarterly
2008-03-27$0.362008-03-312008-04-30Quarterly
2007-12-27$0.342007-12-312008-01-31Quarterly
2007-09-26$0.342007-09-282007-10-31Quarterly
2007-06-27$0.342007-06-292007-07-31Quarterly
2007-03-28$0.342007-03-302007-04-30Quarterly
2006-12-27$0.322006-12-292007-01-31Quarterly

Insider trades

DateInsiderActionSharesPriceValue
No data yet.

Institutional holders

Latest filed quarter: Q2 2026.

Institutions holding: 735, holders +17 vs prior quarter. Ownership 65.93%.

HolderSharesChangeChange %Value
ROYAL BANK OF CANADA79.40M76.68M+2813.90%5.26B
CAPITAL RESEARCH GLOBAL INVESTORS43.52M-1.32M-2.95%2.88B
BANK OF MONTREAL /CAN/37.26M-17.06M-31.40%2.47B
VANGUARD CAPITAL MANAGEMENT LLC29.94M441.16K+1.50%1.98B
FIL LTD27.89M877.31K+3.25%1.85B
GOLDMAN SACHS GROUP INC21.17M5.09M+31.69%1.40B
1832 ASSET MANAGEMENT L.P.20.50M-1.54M-6.98%1.36B
CANADA PENSION PLAN INVESTMENT BOARD17.36M-162.87K-0.93%1.15B
MACKENZIE FINANCIAL CORP12.19M-579.95K-4.54%1.15B
GQG PARTNERS LLC16.74M-210.27K-1.24%1.11B
TD ASSET MANAGEMENT INC16.13M-5.55M-25.58%1.07B
CIBC WORLD MARKET INC.16.08M782.24K+5.11%1.06B
DEUTSCHE BANK AG\15.82M196.54K+1.26%1.05B
CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD.14.78M1.73M+13.23%977.98M
GEODE CAPITAL MANAGEMENT, LLC11.81M1.40M+13.46%802.30M
TD WATERHOUSE CANADA INC.10.62M312.03K+3.03%695.80M
NORGES BANK10.44M10.44MNew690.96M
NATIONAL BANK OF CANADA /FI/10.05M-280.53K-2.71%661.44M
CLEARBRIDGE INVESTMENTS, LLC9.43M482.98K+5.40%624.99M
VANGUARD FIDUCIARY TRUST CO9.23M98.91K+1.08%611.29M
JPMORGAN CHASE & CO8.65M797.08K+10.16%592.21M
SCOTIA CAPITAL INC.8.94M-303.08K-3.28%591.54M
CIBC ASSET MANAGEMENT INC8.82M-483.67K-5.20%584.07M
VANGUARD GLOBAL ADVISERS, LLC7.99M694.61K+9.52%529.13M
LEGAL & GENERAL GROUP PLC7.85M-795.75K-9.20%519.61M

Forecast

Consensus Buy from 24 analysts. Average price target $89.67, +39.8% versus the current price. Low $71.00. High $99.00.

Insights · Dividends · Forecast · Financials · Learn

Stocklytics home · Screener

Analysts have an average 12-month price target of $89.67 for TC Energy (TRP), 39.9% above the current price of $64.11. Of 24 analysts covering the stock, 17 rate it Buy or Strong Buy, 7 Hold, and 0 Sell or Strong Sell, giving a consensus of Buy.

Forecasts are third-party estimates and often wrong. They are not investment advice.

TRP price target

12-month price target
Low$71.00
Average$89.67
High$99.00

The average is 39.9% above the current price of $64.11.

Is TC Energy a buy or sell?

Of 24 analysts, 17 rate TC Energy Buy or Strong Buy, 7 Hold, and 0 Sell or Strong Sell. The consensus label is Buy. That split is not a recommendation.

TC Energy earnings and revenue forecast

Analyst averages on file: 2026, EPS $3.86, revenue $16.29 billion. 2027, EPS $4.01, revenue $17.05 billion.

TRP score and fair value

The Stocklytics Score for TRP is 50 out of 100. It averages value, quality, and growth against a large-cap US universe. It is not a price target and not a buy or sell rating. Fair value is a separate estimate on the fair value tab.

TRP forecast FAQs

What is the TRP price target?

$89.67 average, with a published range of $71.00 to $99.00.

Is TC Energy a buy or sell?

The consensus is Buy from 24 analysts. This is not a recommendation.

What is the TC Energy stock forecast for 2026?

Analysts' average EPS estimate for 2026 on file is $3.86. The average revenue estimate is $16.29 billion.

What will TRP be worth in 2030?

No reliable forecast exists that far out.

When is TC Energy's next earnings report?

The next earnings date is shown on the stock page when a future report is on the calendar. This forecast does not invent a date.

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TC Energy (TRP) Stock Forecast & Price Target

TRP$64.13+1.01 +1.60%

$66.81B

Market Cap

26.30

P/E

16.63

Forward P/E

50

Score

Price History