TRP.TO
TC Energy Corporation
TorontoCADEQUITY
Energy
DELAYED
Last price
85.44
▼ 1.57 (1.80%)
MARKET · —
Price
Open
87.12
Prev close
87.01
Day high
87.82
Day low
85.06
Volume
2.52M
Market cap
$89.01B
P/E (TTM)
23.87
52W range
69.41 – 100.18
Trailing performance
Returnvs SPY
1W
-3.84%
-2.5%
1M
-13.11%
-16.8%
3M
-12.73%
-15.8%
6M
+0.12%
-10.9%
YTD
+13.05%
+0.8%
1Y
+18.75%
-1.2%
3Y
+94.21%
+20.0%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap$89.01B
Enterprise value$158.78B
Revenue (TTM)$15.69B
Gross profit$10.91B
EBITDA$9.94B
Net income$3.66B
EPS (TTM)$3.58
Free cash flow$1.25B
Total cash$2.48B
Total debt$63.85B
Book value / share$24.26
Shares outstanding1.04B
Float998.36M
Short % of float—
Dividend yield4.11%
Beta (5Y)0.98
Valuation & profitability ratios
Trailing P/E23.87
Forward P/E21.83
PEG ratio3.25
Price / sales—
Price / book3.52
EV / revenue10.12
EV / EBITDA15.97
Gross margin69.53%
Operating margin44.25%
Profit margin22.91%
Return on equity11.83%
Return on assets3.67%
Debt / equity170.37
Current ratio0.61
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Total revenue | $15.24B | $13.77B | $15.93B | $14.98B |
| Cost of revenue | $0 | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 | $0 |
| R&D | — | — | — | — |
| SG&A | — | — | — | — |
| Operating income | — | — | — | — |
| Pre-tax income | — | — | — | — |
| Tax provision | $0 | $0 | $0 | $0 |
| Net income | $3.40B | $4.59B | $2.83B | $641.00M |
| EBIT | $0 | $0 | $0 | $0 |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Cash & equivalents | — | — | — | — |
| Short-term investments | — | — | — | — |
| Net receivables | — | — | — | — |
| Inventory | — | — | — | — |
| Total current assets | — | — | — | — |
| Total assets | — | — | — | — |
| Total current liabilities | — | — | — | — |
| Long-term debt | — | — | — | — |
| Total liabilities | — | — | — | — |
| Retained earnings | — | — | — | — |
| Shareholder equity | — | — | — | — |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Net income | $3.40B | $4.59B | $2.83B | $641.00M |
| Depreciation | — | — | — | — |
| Change in working capital | — | — | — | — |
| Operating cash flow | — | — | — | — |
| Capital expenditure | — | — | — | — |
| Investing cash flow | — | — | — | — |
| Dividends paid | — | — | — | — |
| Buybacks | — | — | — | — |
| Financing cash flow | — | — | — | — |
| Net change in cash | — | — | — | — |
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.85 | 0.94 | +11.2% |
| Mar 2026 | 0.97 | 0.99 | +2.1% |
| Dec 2025 | 0.91 | 0.98 | +7.2% |
| Sep 2025 | 0.78 | 0.77 | -0.7% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.83 | 16 | $3.91B | +5.5% |
| Next quarter | 0.97 | 14 | $4.14B | -0.7% |
| Current year | 3.72 | 19 | $16.03B | +5.2% |
| Next year | 3.92 | 20 | $16.86B | +5.2% |
Analyst targets & ownership
Mean target$99.43
High target$109.00
Low target$78.00
Implied upside16.38%
Analyst count23
ConsensusBUY
Strong buy / Buy4 / 7
Hold11
Sell / Strong sell0 / 1
Held by insiders0.05%
Held by institutions71.99%
Institutions holding1.05K
Price targets, consensus spread, insider and institutional ownership.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
480.00K
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Jun 24, 26 | Frame Zawalykut, Yvonne Senior Officer of Issuer |
EXERCISE | 1.50K | $56.67K | Direct |
| Jun 24, 26 | Frame Zawalykut, Yvonne Senior Officer of Issuer |
SELL | 1.50K | $103.70K | Direct |
| May 15, 26 | Ebl (Trevor) Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6) |
EXERCISE | 5.00K | $195.54K | Direct |
| May 15, 26 | Ebl (Trevor) Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6) |
SELL | 5.00K | $339.84K | Direct |
| Mar 24, 26 | De Lima, Dawn Elizabeth Senior Officer of Issuer |
EXERCISE | 25.34K | $990.14K | Direct |
| Mar 24, 26 | De Lima, Dawn Elizabeth Senior Officer of Issuer |
SELL | 25.34K | $1.63M | Direct |
| Mar 24, 26 | Romero (Gregory) Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6) |
EXERCISE | 5.24K | $204.61K | Direct |
| Mar 24, 26 | Romero (Gregory) Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6) |
SELL | 5.24K | $334.28K | Direct |
| Feb 25, 26 | Frame Zawalykut, Yvonne Senior Officer of Issuer |
EXERCISE | 2.50K | $98.31K | Direct |
| Feb 25, 26 | Frame Zawalykut, Yvonne Senior Officer of Issuer |
SELL | 2.50K | $158.07K | Direct |
| Feb 24, 26 | Faraca (Tina Veronica) Senior Officer of Issuer |
EXERCISE | 15.59K | $612.08K | Direct |
| Feb 24, 26 | Faraca (Tina Veronica) Senior Officer of Issuer |
SELL | 15.59K | $985.00K | Direct |
| Feb 18, 26 | Ebl (Trevor) Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6) |
EXERCISE | 4.06K | $188.69K | Direct |
| Feb 18, 26 | Ebl (Trevor) Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6) |
SELL | 4.06K | $250.11K | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
Ali (Amir) |
Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6) | 6.61K | Exercise of options |
De Lima, Dawn Elizabeth |
Senior Officer of Issuer | 43.83K | Exercise of options |
Dusevic (Oliva Anita Elizabeth) |
Senior Officer of Issuer | 14.51K | Acquisition or disposition under a purchase/ownership plan |
Faraca (Tina Veronica) |
Senior Officer of Issuer | 15.59K | Exercise of options |
Gibbon (Joshua) |
Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6) | 6.65K | Exercise of options |
Grant (Greg) |
Senior Officer of Issuer | 38.44K | Exercise of options |
Jalbert, Andrea E |
Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6) | 16.43K | Exercise of options |
Jones (Susan C) |
Director of Issuer | 34.58K | Acquisition or disposition in the public market |
Romero (Gregory) |
Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6) | 6.84K | Exercise of options |
Tally (Troy) |
Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6) | 8.09K | Exercise of options |
Moving averages & technicals
SMA 10
87.80
-2.69% from price
SMA 20
90.65
-5.75% from price
SMA 50
94.38
-9.47% from price
SMA 100
92.22
-7.35% from price
SMA 200
85.98
-0.63% from price
EMA 12
88.42
-3.37% from price
EMA 26
90.83
-5.94% from price
EMA 50
92.25
-7.39% from price
RSI (14)
30.9
Neutral
MACD (12,26,9)
-2.41
Hist -0.34
ATR (14)
2.04
2.39% of price
Realised vol 30D
21.6%
Annualised
Bollinger upper
98.31
20, 2σ
Bollinger lower
82.99
20, 2σ
50 / 200 cross
Golden
94.38 vs 85.98
Trend bias
Below 200
-0.63%
Risk profile
Beta vs SPY
-0.24
Less volatile than market
Correlation to SPY
-0.17
Largely independent
Realised vol 30D
21.6%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-14.2%
Peak to trough
Max drawdown 5Y
-39.0%
Peak to trough
ATR 14
2.04
2.39% of price
Beta (reported)
0.98
5Y monthly, from filing
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Options analytics
Put / call volume
—
—
Put / call open interest
—
Positioning, not flow
Max pain
—
—
ATM implied vol
—
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
0
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
—
—
Heaviest put OI
—
—
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
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PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.