# TC Energy Corporation (TRP)

> Source: Nexqual · https://nexqual.com/TRP · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, TC Energy Corporation (TRP), nexqual.com/TRP" · informational, not investment advice.

**Price:** USD 61.98 (-0.53% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 62.31 · day 61–62.65 · 52w 49.27–71.47 · market cap $64.6B · NYQ

## Key facts
- 1 of 80 tracked superinvestors hold TRP (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Analysts: Buy (mean 1.96 on a 1–5 scale) (23 analysts), mean target USD 67.66 (range 58.68–72.84).
- Total return with dividends: 1Y +25.2% vs S&P 500 +14.9%; 5Y +44.0% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD 0.87, revenue estimate $3.95B.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold TRP. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Dodge & Cox Funds | Dodge & Cox | 0.17% | $334M | Reduced -43.4% |

## Analysts
Consensus Buy (mean 1.96 on a 1–5 scale), 23 analysts; mean target USD 67.66 (low 58.68, high 72.84).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-01 | Goldman Sachs | Upgrade | Neutral → Buy | $71 |
| 2026-09-11 | RBC Capital | Reiterated | Outperform | $106 |
| 2026-07-31 | RBC Capital | Target raised | Outperform | $104 → $106 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +25.2% | +44.0% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +25.3% | +7.5% |
| Volatility (annualized) | 19.6% | 23.9% |
| Max drawdown | -17.3% (Jul 2026→Sep 2026) | -37.6% (Apr 2022→Oct 2023) |

## Peers (Oil & Gas Midstream)
TRGP (Targa Resources, Inc.) USD 289.54 -2.05% · LNG (Cheniere Energy, Inc.) USD 287.01 +0.98% · OKE (ONEOK, Inc.) USD 93.9 +0.84% · MPLX (MPLX LP) USD 58.18 -0.44% · KMI (Kinder Morgan, Inc.) USD 33.72 -0.74% · EPD (Enterprise Products Partners L.) USD 36.52 -0.19%

## More
Full page: https://nexqual.com/TRP · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)


Other companies that name TRP in their own reports (relationship from TRP's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| partner | SEMPRA (SRE) | 10-K 2026-02-26 | "SI Partners has a 40% interest in IMG, a JV with a subsidiary of TC Energy Corporation, and accounts for its interest as an equity method investment." |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.87 | $0.84 | +3.2% | $3.95B | 16 |
| Next quarter (ends 2026-12-31) | $0.98 | $0.98 | -0.4% | $4.18B | 15 |
| Current fiscal year (ends 2026-12-31) | $3.76 | $3.66 | +2.7% | $16.04B | 19 |
| Next fiscal year (ends 2027-12-31) | $3.93 | $3.86 | +1.6% | $16.92B | 20 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-05): ±5.0%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 22.1% | ±5.0% |
| 2026-12-18 | 56 | 23.4% | ±7.4% |
| 2027-02-19 | 119 | 23.8% | ±11.0% |
| 2027-05-21 | 210 | 22.5% | ±13.6% |