Tc Energy Corp (TRP) Stock Forecast Oct. 16, 2026
Analysis updated on Oct. 16, 2026 (UTC) · Total · absolute moveSwitch to Alpha · NYSE
Tc Energy Corp (TRP) stock forecast summary
Our AI ranks Tc Energy Corp outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
Tc Energy Corp is a large-cap company with a market capitalization of $64.26B. It ranks number 6 by market capitalization among the 16 Natural Gas Transmission issuers in our coverage with a current forecast. Its Gross Margin of 97.5% is the highest of the 12 peers that report one.
For TRP, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 5.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is -5.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected absolute price move over the horizon, market included. This is the number a price target is built from. Ratings: strong buy ≥ +5.0%, buy ≥ +3.4%, sell < +1.8%, strong sell < +0.8% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-16 signals)
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How TRP ranks among 5172 stocks
90D Total forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Tc Energy Corp (TRP) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Natural Gas Transmission peers listed below that report each metric. Statement values were filed in CAD and are shown converted to USD (flows at the trailing twelve-month average rate, balances at the balance-sheet date rate).
Valuation & Market
| Metric | TRP | Rank |
|---|---|---|
| Market Cap | $64.26B | 6/16 |
| P/E Ratio | 31.10x | 3/14 |
| P/B Ratio | 3.23x | 5/10 |
| EPS | $1.99 | – |
| Book Value/Share | $19.10 | – |
Profitability & Margins
| Metric | TRP | Rank |
|---|---|---|
| ROE | 10.9% | 6/9 |
| ROA | 2.5% | 9/11 |
| ROIC | 5.9% | 11/13 |
| Gross Margin | 97.5% | 1/12 |
| Operating Margin | 43.0% | 4/14 |
| Net Margin | 19.8% | 5/12 |
| EBT Margin | 27.9% | 8/16 |
| Tax Rate | 21.5% | – |
Financial Health
| Metric | TRP | Rank |
|---|---|---|
| Current Ratio | 0.63x | 14/16 |
| Quick Ratio | 0.56x | 9/11 |
| D/E Ratio | 3.00x | 3/12 |
| Financial Leverage | 4.35x | 3/10 |
| Interest Coverage | 2.5x | 7/14 |
| Working Capital | -$2.65B | 14/16 |
Cash Flow
| Metric | TRP | Rank |
|---|---|---|
| Operating Cash Flow | $5.14B | 5/16 |
| OCF Growth YoY | 4.0% | 12/15 |
Operational Efficiency
| Metric | TRP | Rank |
|---|---|---|
| Inventory Turnover | 0.5x | 9/9 |
| Days Inventory | 774 days | 1/9 |
| Payables Period | 5217 days | 1/7 |
Income Statement
| Metric | TRP | Rank |
|---|---|---|
| Operating Income | $4.62B | 6/15 |
| Net Income | $2.13B | 5/12 |
| Cost of Goods Sold | $264M | 11/12 |
Dividend & Shareholder Information
| Metric | TRP | Rank |
|---|---|---|
| Shares Outstanding | 1041M | – |
| EPS Growth | -25.0% | 10/11 |
Balance Sheet Highlights (USD millions, converted from CAD)
| Total Current Assets | $4.60B | 5.3% of assets |
| Cash & Short-term Investments | $122M | 0.1% of assets |
| Accounts Receivable | $2.04B | 2.4% of assets |
| Inventory | $570M | 0.7% of assets |
| Total Liabilities | $59.64B | 68.9% of assets |
| Short-term Debt | $3.41B | 3.9% of assets |
TRP quarterly financials and insider trading
Tc Energy Corp (TRP) industry peers
Companies classified under the same SEC industry code as Tc Energy Corp (Natural Gas Transmission): 17 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Total) | Market Cap |
|---|---|---|
| TRP Tc Energy Corp | ▼ | $64.26B |
| NGG National Grid Plc | ▼ | $87.99B |
| WMB Williams Companies, Inc. | ▼ | $87.19B |
| EPD Enterprise Products Partners L.P. | ▶ | $79.51B |
| KMI Kinder Morgan, Inc. | ▼ | $76.16B |
| ET Energy Transfer Lp | ▼ | $74.28B |
| TRGP Targa Resources Corp. | ▼ | $63.24B |
| WES Western Midstream Partners, Lp | ▶ | $18.21B |
| DTM Dt Midstream, Inc. | ▼ | $12.62B |
| AM Antero Midstream Corp | ▲ | $9.80B |
| KNTK Kinetik Holdings Inc. | ▼ | $8.94B |
| AROC Archrock, Inc. | ▶ | $5.18B |
| KGS Kodiak Gas Services, Inc. | ▶ | $4.77B |
| USAC Usa Compression Partners, Lp | ▼ | $3.68B |
| NGL Ngl Energy Partners Lp | ▲ | $1.90B |
| SMC Summit Midstream Corp | ▼ | $423M |
| TCPA Transcanada Pipelines Ltd | ▼ | N/A |
Where TRP sits on the market map
Tc Energy Corp (TRP) stock news
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Tc Energy Corp (TRP) stock forecast FAQ
What is the Tc Energy Corp (TRP) stock forecast?
Our AI ranks Tc Energy Corp outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
How accurate are Tc Energy Corp stock predictions?
For TRP, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 5.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is -5.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Tc Energy Corp forecasts updated?
Tc Energy Corp forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 16, 2026.
Which companies are Tc Energy Corp's industry peers?
17 issuers in our coverage, TRP included, share the SEC industry code Natural Gas Transmission. The largest are: National Grid Plc (NGG), Williams Companies, Inc. (WMB), Enterprise Products Partners L.P. (EPD), Kinder Morgan, Inc. (KMI), Energy Transfer Lp (ET), Targa Resources Corp. (TRGP).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.