TC Energy Corporation (TCANF)
TC Energy Corporation operates in the Oil & Gas Midstream industry of the Energy sector, headquartered in Calgary, AB, CA. The stock last traded at $14.99, up 7.87% on the session, giving a market capitalisation of $74.34B. On trailing twelve-month figures it carries a trailing P/E of 26.61, a net margin of 22.5%. Its beta of 0.98 implies it has historically moved less than the broad market.
TC Energy Corporation is a prominent North American energy infrastructure firm, based in Calgary, Canada, and established in 1951. Formerly known as TransCanada Corporation until its renaming in May 2019, its operations are diversified across five main areas: Canadian, U.S., and Mexican Natural Gas Pipelines; Liquids Pipelines; and Power & Storage. The company manages an extensive natural gas pipeline network spanning 93,300 kilometers, facilitating the delivery of natural gas from production basins to various end-users including local utilities, power plants, industrial sites, other pipelines, and LNG export terminals. It also possesses substantial regulated natural gas storage facilities, offering a total working capacity of 535 billion cubic feet. In the liquids sector, TC Energy operates a roughly 4,900-kilometer pipeline system, which transports crude oil from Alberta to refineries in key U.S. markets like Illinois, Oklahoma, Texas, and the Gulf Coast. Furthermore, the company holds ownership or stakes in seven power generation sites, with a combined output of approximately 4,300 megawatts, utilizing both natural gas and nuclear power across Alberta, Ontario, Québec, and New Brunswick. Additionally, it maintains about 118 billion cubic feet of non-regulated natural gas storage capacity within Alberta.
TC Energy Corporation is most often compared with the following Energy names: