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Added to YB: 2025-11-18

Pitch date: 2025-11-14

TRP [neutral]

TC Energy Corporation

-3.05%

current return

Author Info

No bio for this author

Company Info

TC Energy Corporation operates as an energy infrastructure company in North America. It operates through four segments: Canadian Natural Gas Pipelines; U.

Market Cap

CAD 78.9B

Pitch Price

CAD 77.64

Price Target

N/A

Dividend

4.48%

EV/EBITDA

13.95

P/E

21.20

EV/Sales

10.29

Sector

Oil, Gas and Consumable Fuels

Category

dividend

Show full summary:
TC Energy (TRP) Q3 2025 Thoughts: Strong Execution & Conservative Messaging

TRP (trimmed position): Q3 in-line, 2025 capex $5.5-6B, mgmt confirms sustainable growth beyond 2028 & dividend growth 3-5%. Sold 15% at $77.08 (57% ROR) as PE 23.5x looks rich vs 4.45% yield (5yr avg 6.02%). Will add back if yields hit 5.5-6% (low $60s). Quality NA pipeline.

Read full article (2 min)