TSX

TC Energy Corporation

TRP.TO•Energy•Oil & Gas Midstream
Current Price
$86.86
Today's Change
-0.66%
Market Cap
$91.09B
Volume
7.12M
🛢️

Commodity Exposure

Crude Oil

Current Price
$98.41/barrel
+1.30% today
💡

Industry Context

Energy companies are highly sensitive to oil prices. Every $10/barrel change can impact operating margins by 15-25%.

Price updated: Oct 22, 2026, 03:00 PM

💡 Quick Take

TC Energy Corporation operates as an energy infrastructure company in North America, focusing on natural gas pipelines. While it boasts strong gross (50%) and EBITDA margins (75.5%), its low return on equity (3.7%) and return on assets (0.8%) raise concerns about profitability. Additionally, a current ratio of 0.61 and a high debt-to-equity ratio of 2.30 indicate potential liquidity and leverage issues. Overall, the company shows strong operational efficiency but faces challenges in financial health and risk management.

Based on 27 data points⚠️Not financial advice

📊 Key Metrics

52 Week High$100.18
52 Week Low$69.41
Avg Volume4.80M
Beta0.98
Shares Outstanding1.04B

🔥 Valuation

Market Cap$91.09B
Enterprise Value$160.19B
P/E Ratio24.67
EV/EBITDA ⚠️12.14x
Dividend Yield4.47%

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🚩 Red Flags

🟠

High Debt Load

Debt of $63.7B is 30.7x the company's cash position of $2.1B.

🌟 Opportunities

💪

Strong revenue growth of 22.5% YoY indicates solid business momentum.

🚀

Operating margin expanded by 3.3pp, demonstrating strong operational leverage.

🚀

Both gross margin (+2.6pp) and operating margin (+3.3pp) are expanding simultaneously, indicating the company is scaling profitably.

🚀

Operating margin of 46.6% demonstrates excellent operational efficiency.

💪

Strong gross margin of 52.1% reflects healthy unit economics.

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