TC Energy Reports Record Safety Performance and Financial Results for 2025
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
0mins
Should l Buy TRP?
Source: Newsfilter
- Outstanding Safety Performance: TC Energy achieved 15 flow records in 2025, reflecting the success of its safety-first culture, which significantly enhanced operational efficiency, bolstered customer trust, and improved market competitiveness.
- Strong Financial Results: In Q4 2025, comparable EBITDA reached CAD 3 billion, a 13% year-over-year increase, while segmented earnings grew by 15%, demonstrating the company's profitability and asset reliability in a high-demand environment.
- Consistent Dividend Growth: The Board approved a 3.2% increase in the quarterly common share dividend to CAD 0.8775, marking the 26th consecutive year of dividend growth, which underscores the company's commitment to shareholder returns and financial stability.
- Future Investment Outlook: The company expects 2026 comparable EBITDA to reach CAD 11.6 to 11.8 billion, with capital expenditures anticipated at CAD 6.0 to 6.5 billion, indicating a continued focus on investing in growth projects to enhance market position.
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Analyst Views on TRP
Wall Street analysts forecast TRP stock price to fall
11 Analyst Rating
8 Buy
3 Hold
0 Sell
Moderate Buy
Current: 61.680
Low
53.31
Averages
60.39
High
78.00
Current: 61.680
Low
53.31
Averages
60.39
High
78.00
About TRP
TC Energy Corporation is an energy problem-solver working to move, generate and store energy and deliver it to homes and businesses in North America. The Company operates in two core businesses, including Natural Gas Pipelines and Power and Energy Solutions. Its natural gas pipeline network transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals and other businesses across Canada, the U.S. and Mexico. The Power and Energy Solutions business consists of power generation, non-regulated natural gas storage assets, as well as lower-carbon solutions. Its Power and Energy Solutions business includes approximately 4,650 megawatts (MW) of generation powered by nuclear, natural gas, wind and solar. Its natural gas pipelines business is split into three operating segments: Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines and Mexico Natural Gas Pipelines.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Rating Upgrade: TC Energy (TRP) has received an upgrade to an overweight rating, indicating a positive outlook from the market regarding its future performance, which may attract more investor interest.
- Price Target Analysis: Analysts have set an average price target of CA$83.71 for TC Energy, providing investors with a clear expectation of returns and enhancing its investment appeal.
- Market Reaction: The upgrade in rating and price target is likely to have a positive impact on TC Energy's stock price, further boosting its competitiveness in the energy market.
- Investor Confidence: With the improvement in ratings, investor confidence in TC Energy is expected to strengthen, potentially leading to increased capital inflow and enhancing the company's market performance and shareholder value.
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- EBITDA Exceeds Expectations: The company's adjusted EBITDA reached C$5.21 billion, surpassing the market consensus of C$5.14 billion, reflecting robust performance in pipeline operations and bolstering investor confidence.
- Strong Project Backlog: Enbridge currently holds a project backlog worth approximately C$39 billion, with about C$8 billion expected to come online this year, providing substantial support for future revenue growth and solidifying its market position.
- TC Energy Dividend Increase: TC Energy (TRP) reported a Q4 net income of C$980 million, consistent with the previous year, while raising its quarterly dividend by 3.2%, demonstrating the company's ongoing commitment to stable cash flow and shareholder returns, which enhances market confidence in its long-term growth prospects.
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- Dividend Increase: TC Energy has declared a quarterly dividend of C$0.8775 per share, representing a 3.2% increase from the previous C$0.8500, indicating the company's robust performance during its cash generation phase and enhancing investor confidence.
- Stable Yield: Following this adjustment, the forward yield stands at 4.2%, which not only attracts investors seeking stable returns but also potentially increases the company's appeal in the capital markets.
- Payment Schedule: The dividend is payable on April 30, with a record date of March 31 and an ex-dividend date also set for March 31, ensuring shareholders receive their earnings promptly and further solidifying shareholder relations.
- Market Reaction: With the dividend increase, market attention on TC Energy may rise, especially against the backdrop of its improving cash generation capabilities, potentially laying the groundwork for future dividend growth.
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- Earnings Beat: TC Energy reported a Q4 non-GAAP EPS of C$0.98, exceeding expectations by C$0.07, indicating robust profitability that may enhance investor confidence and drive stock price appreciation.
- Cash Generation Phase: The company has initiated a cash generation phase, a strategic shift expected to lay the groundwork for future dividend growth and higher yields, thereby improving market expectations regarding its long-term financial health.
- Bond Issuance Plan: TC Energy plans to issue 6.25% junior subordinated notes, aimed at providing additional flexibility to its capital structure and enhancing its financing capabilities in the capital markets to support future investments and growth.
- Market Rating Focus: Seeking Alpha's quant rating on TC Energy reflects market attention on its future performance, prompting investors to closely monitor the company's developments in earnings and dividend growth.
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- Outstanding Safety Performance: TC Energy achieved 15 flow records in 2025, reflecting the success of its safety-first culture, which significantly enhanced operational efficiency, bolstered customer trust, and improved market competitiveness.
- Strong Financial Results: In Q4 2025, comparable EBITDA reached CAD 3 billion, a 13% year-over-year increase, while segmented earnings grew by 15%, demonstrating the company's profitability and asset reliability in a high-demand environment.
- Consistent Dividend Growth: The Board approved a 3.2% increase in the quarterly common share dividend to CAD 0.8775, marking the 26th consecutive year of dividend growth, which underscores the company's commitment to shareholder returns and financial stability.
- Future Investment Outlook: The company expects 2026 comparable EBITDA to reach CAD 11.6 to 11.8 billion, with capital expenditures anticipated at CAD 6.0 to 6.5 billion, indicating a continued focus on investing in growth projects to enhance market position.
See More










