About TC Energy Corporation (TRP)
TC Energy Corporation is a Oil & Gas Midstream company operating in the Energy sector. The company is headquartered in Calgary, Canada. TRP has been publicly traded since 1995, giving it 31+ years of trading history.
TC Energy Corporation (TRP) has been publicly traded since 1995, making it a 31-year-old public company. It operates in the Oil & Gas Midstream industry within the Energy sector. The company is headquartered in Calgary, Canada and employs approximately 6,574 people. With a market capitalization of C$91 billion, TRP is a large established company.
TRP trades on the Toronto Stock Exchange and is classified as a large-cap-cap stock with a market capitalization of approximately C$91 billion. The company employs approximately 6,574 people worldwide.
Key Statistics
- Current Price
- C$87.50
- Market Cap
- C$91.09B
- 52-Week High
- C$89.68
- 52-Week Low
- C$62.17
- Sector
- Energy
- Industry
- Oil & Gas Midstream
TRP Investment Performance
TRP has gained 15.8% year-to-date in 2026. Over the past 5 years, a C$1,000 investment in TRP would have grown to C$2,212, representing a 121.2% total return. Since its IPO in 1995, a C$1,000 investment would now be worth C$21,155.
C$1,000 Invested in TC Energy Corporation (TRP)
How much would C$1,000 invested in TRP be worth today?
What would C$1,000 invested in TRP 1 year ago be worth today?
A C$1,000 investment in TC Energy Corporation (TRP) in 2025 would be worth C$1,334 as of March 2026, representing a +33.4% total return.
What would C$1,000 invested in TRP 3 years ago be worth today?
A C$1,000 investment in TC Energy Corporation (TRP) in 2023 would be worth C$2,154 as of March 2026, representing a +115.5% total return.
What would C$1,000 invested in TRP 5 years ago be worth today?
A C$1,000 investment in TC Energy Corporation (TRP) in 2021 would be worth C$2,212 as of March 2026, representing a +121.2% total return.
What would C$1,000 invested in TRP 10 years ago be worth today?
A C$1,000 investment in TC Energy Corporation (TRP) in 2016 would be worth C$3,170 as of March 2026, representing a +217.0% total return.
What would C$1,000 invested in TRP at IPO be worth today?
A C$1,000 investment in TC Energy Corporation (TRP) at IPO would be worth C$21,155 as of March 2026, representing a +2015.5% total return.
Monthly Returns Heatmap
Over the past 31+ years (374 months), TC Energy Corporation (TRP) has averaged a monthly return of +0.96% with a median return of +1.21%. The stock had 213 positive months (57%) and 160 negative months (43%). The best month in TRP's history was August 2000 with a +25.4% return, while the worst was July 1998 at -26.5%. Historically, May tends to be the strongest month (averaging +1.9%), and June the weakest (0.2%).
TRP's longest winning streak was 8 consecutive months of gains, while its longest losing streak was 6 consecutive months of losses. The best full year was 2024 with a cumulative return of +43.9%, and the worst was 1999 at -47.9%.
Annual Returns
Over 31 years of trading history, TC Energy Corporation (TRP) has delivered an average annual return of +12.28% with a median return of +14.94%. The compound annual growth rate (CAGR) is +9.93%. The stock posted gains in 24 years (77%) and losses in 7 years (23%).
TRP's best year was 2024 with a +51.26% gain, while the worst was 1999 at -40.61%. The longest streak of consecutive positive years was 8, and the longest losing streak was 2 years. TRP achieved double-digit gains (10%+) in 18 years. It suffered double-digit losses in 6 years.
| Year | Return | Start | End |
|---|---|---|---|
| 2026 | +15.77% | C$75.58 | C$87.50 |
| 2025 | +18.35% | C$63.86 | C$75.58 |
| 2024 | +51.26% | C$42.22 | C$63.86 |
| 2023 | +3.02% | C$40.98 | C$42.22 |
| 2022 | -2.76% | C$42.15 | C$40.98 |
| 2021 | +20.34% | C$35.02 | C$42.15 |
| 2020 | -20.74% | C$44.19 | C$35.02 |
| 2019 | +48.49% | C$29.76 | C$44.19 |
| 2018 | -16.01% | C$35.43 | C$29.76 |
| 2017 | +5.23% | C$33.67 | C$35.43 |
| 2016 | +39.37% | C$24.16 | C$33.67 |
| 2015 | -17.44% | C$29.26 | C$24.16 |
| 2014 | +21.94% | C$24.00 | C$29.26 |
| 2013 | +7.38% | C$22.35 | C$24.00 |
| 2012 | +9.89% | C$20.34 | C$22.35 |
| 2011 | +22.03% | C$16.66 | C$20.34 |
| 2010 | +9.54% | C$15.21 | C$16.66 |
| 2009 | +14.28% | C$13.31 | C$15.21 |
| 2008 | -14.92% | C$15.65 | C$13.31 |
| 2007 | +3.49% | C$15.12 | C$15.65 |
| 2006 | +14.94% | C$13.15 | C$15.12 |
| 2005 | +27.54% | C$10.31 | C$13.15 |
| 2004 | +10.31% | C$9.35 | C$10.31 |
| 2003 | +25.88% | C$7.43 | C$9.35 |
| 2002 | +19.25% | C$6.23 | C$7.43 |
| 2001 | +19.65% | C$5.21 | C$6.23 |
| 2000 | +44.57% | C$3.60 | C$5.21 |
| 1999 | -40.61% | C$6.06 | C$3.60 |
| 1998 | -27.43% | C$8.36 | C$6.06 |
| 1997 | +37.26% | C$6.09 | C$8.36 |
| 1996 | +30.92% | C$4.65 | C$6.09 |
TRP Investment Analysis: Valuation, Risk & Dividends
Key factors to consider when evaluating TC Energy Corporation as an investment
Valuation
TRP currently trades at a trailing P/E ratio of 25.2, which is considered high relative to the broader market. The forward P/E of 22.5 suggests analysts expect earnings to be lower in the coming year. The price-to-book ratio stands at 3.6. The price-to-sales ratio is 6.0.
Dividends
TC Energy Corporation pays a dividend to shareholders with a current yield of 4.01%. This translates to C$3.51 per share annually. The payout ratio of 98% indicates high dividend coverage.
Risk & Volatility
TRP has a beta of 1.00, indicating it is slightly more volatile than the overall market. The stock's 52-week range is C$62.17 to C$89.68, and it currently trades near its 52-week high.
Analyst Ratings
Based on 22 analyst opinions, TRP has a consensus "buy" rating. The average price target of C$85.95 suggests 1.8% downside from current levels.
Frequently Asked Questions: TRP
What sector is TRP in? ▼
TRP operates in the Energy sector, specifically in the Oil & Gas Midstream industry.
How has TRP performed historically? ▼
Over 31 years of trading history, TRP has posted gains in 24 years (77% of the time). The best year was 2024 with a +51.3% return. Past performance does not guarantee future results.
How can I invest in TRP? ▼
You can invest in TRP through any brokerage account that offers access to the Toronto Stock Exchange. Popular options include commission-free brokers like Fidelity, Charles Schwab, or Robinhood (US), or international brokers like Interactive Brokers. You can buy individual shares or invest through ETFs that hold TRP.
Does TRP pay dividends? ▼
TC Energy Corporation pays a dividend to shareholders with a current yield of 4.01%. This translates to C$3.51 per share annually. The payout ratio of 98% indicates high dividend coverage.
What does TC Energy Corporation do? ▼
TC Energy Corporation is a Oil & Gas Midstream company operating in the Energy sector. The company is headquartered in Calgary, Canada.
What sector is TRP in? ▼
TRP operates in the Energy sector, specifically in the Oil & Gas Midstream industry.
When did TRP go public? ▼
TC Energy Corporation went public in 1995, making it a 31-year-old public company as of 2026.
How much would C$1,000 invested in TRP 5 years ago be worth today? ▼
A C$1,000 investment in TRP five years ago would be worth approximately C$2,212 today, representing a 121.2% return.
How much would C$1,000 invested in TRP 10 years ago be worth today? ▼
A C$1,000 investment in TRP ten years ago would be worth approximately C$3,170 today, representing a 217.0% total return over the decade.
What is TRP's 3-year return? ▼
Over the past 3 years, TRP has returned 115.5%. A C$1,000 investment would have grown to C$2,154.
How much would C$1,000 invested in TRP at IPO be worth today? ▼
If you invested C$1,000 in TRP at its IPO in 1995, it would be worth approximately C$21,155 today, a 2,015.5% return over 31 years.
Does TRP pay dividends? ▼
Yes, TC Energy Corporation pays a dividend with a current yield of 4.01%, which is C$3.51 per share annually.
What is TRP's market cap? ▼
TC Energy Corporation has a market capitalization of C$91 billion, classifying it as a large-cap company.
What is TRP's P/E ratio? ▼
TRP has a trailing P/E ratio of 25.2 and a forward P/E of 22.5, which measures how much investors are paying per dollar of earnings.
Is TRP a buy, hold, or sell? ▼
Based on 22 opinions, TRP has a consensus "buy" rating. The average price target is C$85.95.
Last updated: 3/15/2026