-0.02%
-4.48%
1.36%
10.46%
27.51%
1.63%
-9.53%
AI Spotlight on TRP
Company Description
TC Energy Corporation operates as an energy infrastructure company in North America.It operates through five segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; Liquids Pipelines; and Power and Storage.The company builds and operates 93,300 km network 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.
It also has regulated natural gas storage facilities with a total working gas capacity of 535 billion cubic feet.In addition, it has approximately 4,900 km liquids pipeline system that connects Alberta crude oil supplies to refining markets in Illinois, Oklahoma, Texas, and the U.S. Gulf Coast.Further, the company owns or has interests in seven power generation facilities with a combined capacity of approximately 4,300 megawatts that are powered by natural gas and nuclear fuel sources located in Alberta, Ontario, Québec, and New Brunswick; and owns and operates approximately 118 billion cubic feet of non-regulated natural gas storage capacity in Alberta.
The company was formerly known as TransCanada Corporation and changed its name to TC Energy Corporation in May 2019.TC Energy Corporation was incorporated in 1951 and is headquartered in Calgary, Canada.
Market Data
| Last Price | 65.49 |
| Change Percentage | -0.02% |
| Open | 65.58 |
| Previous Close | 65.5 |
| Market Cap ( Millions) | 67969 |
| Volume | 4551953 |
| Year High | 70.32 |
| Year Low | 43.87 |
| M A 50 | 67.38 |
| M A 200 | 57.57 |
Financial Ratios
| FCF Yield | 1.06% |
| Dividend Yield | 5.39% |
| ROE | 17.25% |
| Debt / Equity | 237.62% |
| Net Debt / EBIDTA | 532.28% |
| Price To Book | 2.23 |
| Price Earnings Ratio | 13.11 |
| Price To FCF | 94.66 |
| Price To sales | 4.24 |
| EV / EBITDA | 10.6 |
News
- Jan -24 - TC Energy to issue fourth quarter 2024 results on Feb. 14
- Jan -15 - TD starts coverage on Canadian Midstream stocks, Pembina, TC Energy top picks
- Jan -01 - TC Energy Corporation (TSE:TRP) is a favorite amongst institutional investors who own 78%
- Dec -23 - TC Energy provides results of Series 1 and Series 2 conversion elections
- Dec -02 - TC Energy provides conversion right and dividend rate notice for Series 1 and 2 preferred shares
- Dec -02 - TC Energy to Receive C$199M for Coastal GasLink Pipeline Project
- Nov -30 - TC Energy price target raised to C$73 from C$70 at BMO Capital
- Nov -29 - TC Energy & Hanwha Join Forces to Create Carbon-Free Power
- Nov -21 - TRP Revises Plan to Sale NGTL System Stake to Indigenous Communities
- Nov -21 - TC Energy price target raised to C$74 from C$67 at Barclays
- Nov -20 - Market Chatter: Indigenous Equity Stake In Natural Gas Pipelines Now In Doubt, TC Energy says
- Nov -20 - TC Energy Forecasts Growth With C$1.5B Projects and Higher 2025 EBITDA
- Nov -19 - TC Energy says North America's natural gas demand to soar, driven by LNG exports
- Nov -19 - TC Energy Up 0.1% in US Premarket as Provides Outlook Ahead of Investor Day
- Nov -19 - TC Energy forecasts higher 2025 core profit on natgas, electricity demand
- Nov -19 - TC Energy’s outlook highlights solid growth, low risk, repeatable performance at 2024 Investor Day
- Nov -16 - Alberta Pushes for More Oil Pipelines to US as Trump Returns
- Nov -13 - TC Energy's Q3 Earnings Beat Estimates, Revenues Rise Y/Y
- Nov -12 - TC Energy 2024 Investor Day event to be webcast
- Nov -08 - TC Energy Corp (TRP) Q3 2024 Earnings Call Highlights: Strategic Milestones and Financial ...
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> U.S. Natural Gas Pipelines
Expected Growth : 1.8 %
What the company do ?
The U.S. Natural Gas Pipelines from TC Energy Corporation is a network of pipelines transporting natural gas across the United States, spanning over 57,000 miles.
Why we expect these perspectives ?
The 1.8% growth in U.S. Natural Gas Pipelines from TC Energy Corporation is driven by increasing demand for clean energy, expansion of LNG exports, and growing production in the Permian Basin. Additionally, investments in pipeline infrastructure and acquisitions, such as the Columbia Pipeline Group, have contributed to the segment's growth.
Segment n°2 -> Canadian Natural Gas Pipelines
Expected Growth : 1.9 %
What the company do ?
The Canadian Natural Gas Pipelines from TC Energy Corporation is a network of pipelines transporting natural gas across Canada, connecting production areas to markets.
Why we expect these perspectives ?
The 1.9% growth of Canadian Natural Gas Pipelines from TC Energy Corporation is driven by increasing demand for natural gas in North America, expansion of LNG export facilities, and growing production from shale gas regions. Additionally, TC Energy's strategic pipeline network and long-term contracts with producers and consumers contribute to the segment's steady growth.
Segment n°3 -> Liquids Pipelines
Expected Growth : 2.1 %
What the company do ?
Liquids Pipelines from TC Energy Corporation is a network of pipelines transporting crude oil, liquids, and refined products across North America.
Why we expect these perspectives ?
TC Energy's Liquids Pipelines segment growth of 2.1% is driven by increased volumes on the Keystone Pipeline System, expansion of the Base Line Pipeline System, and higher tolls on the Canadian Mainline. Additionally, the acquisition of the U.S. portion of the Keystone Pipeline System and the completion of the Grand Rapids Pipeline project contribute to the growth.
Segment n°4 -> Power and Energy Solutions
Expected Growth : 1.7 %
What the company do ?
TC Energy Corporation's Power and Energy Solutions provide reliable and efficient energy infrastructure, transmission, and storage solutions to meet growing energy demands.
Why we expect these perspectives ?
TC Energy Corporation's Power and Energy Solutions segment growth of 1.7% is driven by increasing demand for clean energy, expansion of renewable energy sources, and strategic investments in energy storage and transmission infrastructure. Additionally, growing industrial and commercial activities, as well as government initiatives promoting energy efficiency, contribute to the segment's growth.
Segment n°5 -> Mexico Natural Gas Pipelines
Expected Growth : 2.2 %
What the company do ?
Mexico Natural Gas Pipelines from TC Energy Corporation is a network of pipelines transporting natural gas from the US-Mexico border to power plants and industrial centers in Mexico.
Why we expect these perspectives ?
Mexico's growing demand for natural gas, driven by increasing electricity generation and industrial activity, coupled with TC Energy Corporation's strategic pipeline infrastructure expansion, has led to a 2.2% growth rate. Additionally, the company's focus on improving operational efficiency and reducing costs has contributed to this growth.
Tc Energy Corporation Products
| Product Range | What is it ? |
|---|---|
| Natural Gas Pipelines | TC Energy Corporation operates one of the largest natural gas pipeline networks in North America, transporting clean-burning natural gas to heat homes, fuel industries, and generate electricity. |
| Liquids Pipelines | TC Energy's liquids pipelines transport crude oil, condensate, and other petroleum products from production areas to refineries and markets. |
| Power Generation | TC Energy generates electricity from a diverse portfolio of power plants, including natural gas-fired, wind, and hydroelectric facilities. |
| Energy Storage | TC Energy's energy storage facilities provide a critical link between energy supply and demand, helping to balance the grid and ensure a reliable supply of energy. |
| Coastal GasLink Pipeline | The Coastal GasLink Pipeline is a 670-kilometer pipeline that will transport natural gas from the Dawson Creek area to the LNG Canada liquefaction facility in Kitimat, British Columbia. |
| Keystone Pipeline | The Keystone Pipeline is a 4,324-kilometer pipeline that transports crude oil from Hardisty, Alberta to refineries in the United States. |
TC Energy Corporation's Porter Forces
Threat Of Substitutes
TC Energy Corporation operates in the energy sector, which has few substitutes. However, the increasing adoption of renewable energy sources and energy-efficient technologies poses a moderate threat to the company.
Bargaining Power Of Customers
TC Energy Corporation's customers, primarily utilities and industrial companies, have limited bargaining power due to the company's diversified customer base and long-term contracts.
Bargaining Power Of Suppliers
TC Energy Corporation's suppliers, primarily pipeline operators and energy producers, have moderate bargaining power due to the company's dependence on them for raw materials and transportation services.
Threat Of New Entrants
The threat of new entrants in the energy sector is low due to high barriers to entry, including significant capital requirements and regulatory hurdles.
Intensity Of Rivalry
The energy sector is highly competitive, with many established players competing for market share. TC Energy Corporation faces intense rivalry from other pipeline operators and energy companies.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 68.16% |
| Debt Cost | 7.06% |
| Equity Weight | 31.84% |
| Equity Cost | 7.64% |
| WACC | 7.24% |
| Leverage | 214.05% |
TC Energy Corporation : Quality Control
TC Energy Corporation passed 0 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| TRGP | Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of midstream energy assets in North America. The company operates in two … |
| KMI | Kinder Morgan, Inc. operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines … |
| OKE | ONEOK, Inc., together with its subsidiaries, engages in gathering, processing, storage, and transportation of natural gas in the United States. It operates through Natural Gas Gathering and Processing, Natural Gas … |
| LNG | Cheniere Energy, Inc., an energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States. It owns and operates the Sabine Pass LNG terminal … |
| ENB.TO | Enbridge Inc. operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. … |
Peers Metrics
DCF BETA
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Scoring Insights
Peers Group Analysis
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Enbridge
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Kinder Morgan
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ONEOK
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TC Energy
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Cheniere Energy
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