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Upturn AI Summary - About
TC Energy Corp(TRP)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for TRP
10/13/2026: TRP (3-star) is currently NOT-A-BUY. Pass it for now.
TC Energy is a major North American energy infrastructure company specializing in the transport of natural gas and liquids. Its business is built on a massive, regulated, and contracted asset base, which provides highly predictable cash flow and supports a consistent dividend. The primary growth opportunity lies in upgrading existing assets and expanding into new energy sectors like power storage. However, the company faces risks from high debt levels, stringent environmental regulations, and the challenges of managing large-scale, complex infrastructure projects. It is well-suited for income-focused value investors who prioritize stability, provided they remain aware of the long-term energy transition and regulatory headwinds impacting the sector.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | Growth is moderate and tied to capital-intensive infrastructure projects. |
| Momentum investor | Mixed fit | The stock tends to trade based on long-term utility-like stability rather than high-growth momentum. |
| Value investor | Strong fit | The company offers stable cash flows and is often valued for its predictable dividend yield. |
| Dividend investor | Strong fit | A history of consistent dividend growth makes it attractive for income-focused portfolios. |
| Low-risk investor | Strong fit while signal remains positive | Regulated revenues provide a defensive profile, though capital intensity carries some risk. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium | Commodity price fluctuations can impact volumes and margins in non-regulated segments. |
| Valuation risk | Medium | Market pricing of infrastructure stocks is sensitive to interest rate changes. |
| Competition risk | Medium | New pipeline development and capacity competition from players like ENB and KMI put pressure on margins. |
| Business quality | Strong | The company owns essential, long-lived infrastructure with high barriers to entry. |
| Dividend income | Strong | Dividends are well-supported by robust, contracted cash flows. |
| Execution risk | Medium / high | Executing large-scale projects in a complex regulatory climate is challenging. |
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Smooth
The stock has moved along a generally orderly path with only modest fluctuations.
Analysis of Past Performance
Type Stock | Historic Profit 41.48% | Avg. Invested days 64 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 10/13/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 63.09B USD | Price to earnings Ratio 23.84 | 1Y Target Price 66.58 |
Price to earnings Ratio 23.84 | 1Y Target Price 66.58 | ||
Volume (30-day avg) 3.1M shares | Beta 0.98 | 52 Weeks Range 47.29 - 70.14 | Updated Date 10/13/2026 |
52 Weeks Range 47.29 - 70.14 | Updated Date 10/13/2026 | ||
Dividends yield (FY) 5.75% | Basic EPS (TTM) 2.54 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Natural Gas Pipelines | Transportation and storage of natural gas across North America. | This is the primary engine of predictable, regulated income. |
| Liquids Pipelines | Crude oil transportation via the Keystone system. | Provides stable revenue but carries higher regulatory and environmental scrutiny. |
| Power and Energy Solutions | Nuclear, gas, and renewable power assets. | Offers diversification and exposure to the energy transition. |
| Geography | Canada, United States, and Mexico. | Balanced geographic exposure reduces reliance on a single regulatory jurisdiction. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE 23.84 | Forward PE 21.19 | Enterprise Value 108.24B | Price to Sales(TTM) 4.02 |
Enterprise Value 108.24B | Price to Sales(TTM) 4.02 | ||
Enterprise Value to Revenue 9.7 | Enterprise Value to EBITDA 13.25 | Shares Outstanding 1.04B | Shares Floating 998.37M |
Shares Outstanding 1.04B | Shares Floating 998.37M | ||
Percent Insiders 0.05 | Percent Institutions 72 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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