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

64.50 0.17 +0.26%
Market cap
$67.0B
P/E
26.8×
Fwd P/E
23.4×
Dividend yield
3.88%
F-score
6/9
Altman Z
0.83
Beneish M
−2.50
Dividend safety
0/100

TC Energy Corporation (TRP) P/E ratio

Alert me on P/E ratio

As of 30 October 2026, TC Energy Corporation (TRP) trades at a P/E ratio of 26.8×. Over the past ten years it has ranged from 0.0× (December 2023) to 216× (January 2017); the current reading is higher than 75% of that period. That is above the Oil & Gas Midstream industry median of 13.0× and above the Energy sector median of 14.2×.

P/E ratio, daily

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Annual newest first

Period P/E ratio Change
FY2025 23.7× 64.82%
FY2024 14.4× (19.24%)
FY2023 17.8× (71.24%)
FY2022 61.8× 116.79%
FY2021 28.5× 169.73%
FY2020 10.6× (30.30%)
FY2019 15.2× 40.10%
FY2018 10.8× (36.95%)
FY2017 17.2× (91.30%)
FY2016 197× —

Quarterly newest first

Period P/E ratio Change
Jun 2026 27.5× 1.24%
Mar 2026 27.2× 14.79%
Dec 2025 23.7× 0.93%
Sep 2025 23.5× 40.84%
42 more quarters

Against its own ten years

Low 0.0× High 216×
Ten-year median 17.0×
Current reading's percentile 69

P/E ratio against peers

Company P/E ratio
MPLX MPLX LP compare 12.9×
EPD Enterprise Products Partners L.P. compare 13.3×
ET Energy Transfer LP compare 14.2×
OKE ONEOK, Inc. compare 16.7×
KMI Kinder Morgan, Inc. compare 21.7×
LNG Cheniere Energy, Inc. compare 24.5×
TRP TC Energy Corporation 26.8×
WMB Williams Companies, Inc. (The) compare 29.5×
TRGP Targa Resources, Inc. compare 30.1×
Oil & Gas Midstream industry median 13.0×
Energy sector median 14.2×
Market median 18.6×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

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