Pricing Log in Create free account
Friday 6 November 2026 Export TRP’s income statement to Excel — free account

TC Energy Corporation

TRP Energy Oil & Gas Midstream

TC Energy Corporation’s revenue for fiscal 2025 (year ended December 2025) was $10.9 billion, up 8.52% from fiscal 2024.

Revenue
+5.59%
EPS
+18.3%
Free cash flow
+24.2%
Total debt
+10.3%

Quarter to June 2026, against a year earlier

62.72 0.11 +0.18%
Market cap
$65.2B
P/E
26.0×
Fwd P/E
23.4×
Dividend yield
3.99%
F-score
6/9
Altman Z
0.83
Beneish M
−2.50
Dividend safety
0/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

TC Energy Corporation (TRP) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, TC Energy Corporation (TRP) trades at a EV/EBITDA of 13.4×. Over the past ten years it has ranged from 9.0× (March 2020) to 79.3× (October 2016); the current reading is higher than 57% of that period. That is above the Oil & Gas Midstream industry median of 9.0× and above the Energy sector median of 6.2×.

EV/EBITDA, daily

Embed this chart

Annual newest first

Period EV/EBITDA Change
FY2025 12.8× 4.55%
FY2024 12.3× 23.21%
FY2023 10.0× (5.65%)
FY2022 10.6× (30.21%)
FY2021 15.1× 56.50%
FY2020 9.7× (15.31%)
FY2019 11.4× 6.18%
FY2018 10.7× (28.57%)
FY2017 15.0× (9.71%)
FY2016 16.7× (44.96%)

Quarterly newest first

Period EV/EBITDA Change
Jun 2026 13.8× 2.52%
Mar 2026 13.5× 5.00%
Dec 2025 12.8× (10.02%)
Sep 2025 14.3× 9.66%
42 more quarters

Against its own ten years

Low 9.0× High 79.3×
Ten-year median 13.0×
Current reading's percentile 57

EV/EBITDA against peers

Company EV/EBITDA
ET Energy Transfer LP compare 7.9×
LNG Cheniere Energy, Inc. compare 9.9×
EPD Enterprise Products Partners L.P. compare 10.6×
OKE ONEOK, Inc. compare 10.8×
MPLX MPLX LP compare 11.8×
KMI Kinder Morgan, Inc. compare 12.8×
TRP TC Energy Corporation 13.4×
TRGP Targa Resources, Inc. compare 13.4×
WMB Williams Companies, Inc. (The) compare 15.6×
Oil & Gas Midstream industry median 9.0×
Energy sector median 6.2×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

More on TRP