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Added to YB: 2025-11-18

Pitch date: 2025-11-14

TRP [neutral]

TC Energy Corporation

+11.52%

current return

Author Info

No bio for this author

Company Info

TC Energy Corporation operates as an energy infrastructure company in Canada, the United States, and Mexico.

Market Cap

CAD 88.4B

Pitch Price

CAD 76.78

Price Target

N/A

Dividend

4.13%

EV/EBITDA

14.72

P/E

24.47

EV/Sales

10.54

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)