TC Energy Corporation (TRP) Fair Value & Analysis
Energy · US · Market cap $70.9B
TC Energy Corporation
TRP · US
Fair value as of: Jun 24, 2026
From 25 valuation models · updated 5 days ago
Fair value updated Jun 24, 2026 — revised from $40.44 to $47.12 (+16.5%) since Jun 23, 2026. Share price +2.8% over the past month.
Price vs Fair Value (12 months)
12‑month range $45.69 – $71.85 · fair‑value band $32.10 – $47.12 · the $69.41 price screens above the $47.12 fair value. As of Jun 24, 2026.
✦ Which stocks are undervalued right now? Check free Discover now →Analysis
TC Energy Corporation (TRP) currently trades at $69.41, while our model-based Fair Value estimate is $47.12 — implying the stock looks roughly 32.1% overvalued today. We read business quality at 83/100 (high quality), in the Energy sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: medium).
Over the trailing twelve months, TC Energy Corporation generated revenue of $15.5B at a net margin of 22.2%. Revenue grew 6.6% year over year. It earns a return on equity of 11.3%. Net debt stands at $60.7B. Fundamentals as of Jun 24, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.
About the company
TC Energy Corporation operates as an energy infrastructure company in Canada, the United States, and Mexico. It operates through four segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; and Power and Energy Solutions. The company builds and operates a network of 94,171 kilometers of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses. It also has regulated natural gas storage facilities with a total working gas capacity of 532 billion cubic feet. In addition, the company owns or has interests in power generation facilities with approximately 4,650 megawatts; and owns and operates approximately 118 billion cubic feet of non-regulated natural gas storage facilities in Alberta, Ontario, Québec, and New Brunswick. The company was formerly known as TransCanada Corporation a…
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
TC Energy Corporation reported revenue of $15.2B in FY2025 versus $13.4B in FY2021, a compound +3.2%/yr. Reported net income was $3.5B in FY2025, compounding +15.8%/yr from FY2021.
Open the full interactive analysis →
Recent news
- Tower Resources, Buccaneer Energy, Light Science, Eco Buildings, Frontier IP, ImmuPharma
- Global X's MLPX or Alerian's AMLP: Which Energy Infrastructure ETF Is the Better Long-Term Buy?
- Energy Infrastructure Income or Clean Energy Growth? MLPX vs. ICLN
- Dividend 15 Split Corp. Monthly Dividend Declaration for Class A & Preferred Share
External third-party headlines (Yahoo Finance, Reuters and others) — not an editorial selection, not financial advice.
Similar stocks
6 more Oil & Gas Midstream stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Enbridge Inc ENB | $54.80 | $37.24 | -32% |
| The Williams Companies, Inc WMB | $72.26 | $13.22 | -82% |
| Enterprise Products Partners L.P. EPD | $37.25 | $15.66 | -58% |
| Kinder Morgan, Inc KMI | $32.25 | $14.27 | -56% |
| Energy Transfer LP, ET | $19.22 | $17.69 | -8% |
| MPLX LP owns and MPLX | $56.87 | $40.53 | -29% |
Explore undervalued stocks
More undervalued Energy stocks →
Frequently asked questions
Is TC Energy Corporation (TRP) undervalued?
What is the fair value of TRP?
What is the quality score of TRP?
What is the revenue of TC Energy Corporation (TRP)?
What is the net profit margin of TRP?
Does TC Energy Corporation pay a dividend?
How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.