TRP — TC Energy Corp

Stock analysis, trade plans, and proprietary indicators by Trend Edge.

About TC Energy Corp

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 generati… Read full Trend Edge analysis →

Trend Edge Proprietary Indicators

Key Metrics

Current Price$68.20
Market Cap$73.51B
Float999.0M
Shares Outstanding1.04B
P/E (Forward)26.18
P/E (TTM)28.68
Price/Sales (TTM)4.75
vs. Analyst Target-8.0% to analyst PT
Profit Margin22.23%
Operating Margin (TTM)47.50%
Revenue (TTM)$15.48B
Earnings Growth (YoY)-8.50%
Dividend Rate2.6%
Analyst Target Price$62.77 (23 analysts)

Financial History

Annual Revenue & Earnings History

YearRevenueNet IncomeGross ProfitEBITDA
2020 $13.00B $4.62B $6.53B $9.53B
2021 $13.39B $1.96B $6.68B $6.70B
2022 $12.31B $748M $5.80B $5.24B
2023 $13.27B $2.92B $6.67B $8.66B
2024 $13.77B $4.70B $6.61B $11.22B
2025 $15.19B $3.52B $7.60B $9.48B

Recent Quarterly Revenue & Net Income

QuarterRevenueNet Income
Jun 2025 $3.74B $861M
Sep 2025 $3.70B $637M
Dec 2025 $4.07B $1.01B
Mar 2026 $4.24B $929M

Ownership & Float

Insider Ownership0.0%
Institutional Ownership76.0%
Short Float2.2%
% of All Funds Holding7.77%
Number of Funds Holding639

Current Moving Averages

Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.

TimeframeSMAValueTrend Context
Weekly10-Week SMA$65.20Near-term / short-term trend
Weekly40-Week SMA$58.25Medium-term trend
Weekly80-Week SMA$53.16Cyclical trend (business cycle)
Weekly200-Week SMA$45.83Secular trend (multi-year)
Monthly10-Month SMA$58.71Near-term monthly trend
Monthly20-Month SMA$53.19Medium-term monthly trend
Monthly40-Month SMA$46.22Secular monthly trend

Volume Shelves — Support & Resistance

Trend Edge identifies volume shelves: price zones where historically elevated trading volume creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.

Price LevelTypeVolume RatioAge
$63.00 support 1.18x 0 months ago
$56.00 support 1.07x 3 months ago
$38.00 support 1.10x 21 months ago

Historical Earnings Reactions (124 events)

TimeframeAvg ReturnMedianWin RateBestWorst
Gap 0.09% 0.06% 51.61% 2.30% -3.97%
1 Day 0.09% 0.00% 49.19% 7.16% -4.96%
1 Week 0.10% 0.06% 50.81% 16.33% -10.94%
2 Weeks 0.65% 0.63% 56.45% 16.00% -10.94%
1 Month 1.20% 1.94% 61.79% 23.20% -38.25%

Next earnings: July 20, 2026 (52 days away)

Seasonality & Day-of-Week Patterns

Monthly Seasonality

MonthAvg ReturnWin RateSamples
Jan-0.4%38.6%44
Feb0.2%47.7%44
Mar1.1%56.8%44
Apr1.2%68.2%44
May1.8%62.8%43
Jun-0.8%46.5%43
Jul0.9%58.1%43
Aug1.4%55.8%43
Sep-0.9%48.8%43
Oct0.2%50.0%44
Nov1.5%63.6%44
Dec0.9%68.2%44

Day-of-Week Tendencies

DayAvg ReturnWin RateSamples
Monday -0.01% 44.9% 2078
Tuesday 0.05% 45.2% 2259
Wednesday 0.01% 44.2% 2255
Thursday 0.02% 44.6% 2213
Friday 0.07% 45.3% 2202

Top Institutional Holders

Institutional holder breakdown coming soon.

Total institutional ownership: 76.0%

Insider Transactions — Smart Summary

Total insider ownership: 0.0%

Full insider transaction history and smart buy/sell sentiment summary available on Trend Edge.

AI Consult Analysis

Trend Edge's AI Consult feature delivers a comprehensive, multi-layer trade plan for TC Energy Corp (TRP) powered by Claude Opus — Anthropic's most capable AI model. The analysis covers five layers: technical analysis (near-term, medium-term, cyclical, and secular trend, momentum, volume shelf support and resistance, breakout and breakdown signals), qualitative analysis (business model, competitive moat, sector dynamics), insider sentiment (buy and sell signals from executive and director transactions), share stats analysis (institutional accumulation, fund positioning, short float squeeze potential), and fundamental analysis (valuation, revenue growth, profit margin, earnings quality).

AI Consult synthesizes all five layers into a single bullish or bearish thesis with explicit entry, exit, stop loss, and take profit levels — giving you a complete, AI-powered trade plan with defined risk/reward. Whether you are building a long position, initiating a short, or looking for a reversal setup, AI Consult identifies the highest-probability signal from the current trend.

Get the full AI Consult analysis for TRP on Trend Edge →