Added to YB: 2026-09-03
Pitch date: 2026-09-01
TRP [neutral]
TC Energy Corporation
-1.12%
current return
Author Info
Saadiyat Capital has been an investment analyst for various hedge funds in the UK, USA, and Germany (currently in London). Sign up for the newsletter.
Company Info
TC Energy Corporation operates as an energy infrastructure company in Canada, the United States, and Mexico.
Market Cap
CAD 90.4B
Pitch Price
CAD 87.60
Price Target
N/A
Dividend
4.04%
EV/EBITDA
14.31
P/E
24.72
EV/Sales
10.44
Sector
Oil, Gas and Consumable Fuels
Category
growth
TC ENERGY CORPORATION (TSX/NYSE: TRP)
TRP (monitor): TC Energy is now a focused North American gas-transmission company with a nuclear-anchored power arm after spinning off South Bow; 98% of comparable EBITDA is regulated or long-term contracted, with guidance rising from C$11.6bn–11.8bn in 2026 to C$12.6bn–13.1bn by 2028. However, at 13.5x forward EBITDA — above peers and its five-year average — the entry point is full; leverage, rate cases, Mexican counterparty risk and project execution remain key variables.
Read full article (18 min)