
TC Energy (TRP) Stock Forecast & Price Target
TC Energy (TRP) Analyst Ratings
Bulls say
TC Energy's positive outlook is supported by the recent sanctioning of the US$0.9 billion Northwoods project, which is expected to yield strong EBITDA returns in the range of 5-7 times, backed by reliable counterparties. The company has emphasized its commitment to improving its balance sheet in the near term while positioning itself for growth towards the end of the decade. Furthermore, increased clarity on further growth opportunities enhances investor confidence in the company’s long-term financial trajectory.
Bears say
TC Energy's financial performance reflects concerns regarding future earnings potential, as management has indicated that the comparable earnings per share (EPS) for 2025 will be lower than in 2024. The Gas Pipelines segment reported EBITDA of $1,367 million, slightly missing initial estimates due to weaker results from Columbia, which raises questions about the reliability of revenue streams in that segment. Additionally, overall EBITDA of $2,709 million, while in line with estimates, fell short of consensus expectations, highlighting ongoing challenges in meeting market projections and potentially dampening investor confidence.
This aggregate rating is based on analysts' research of TC Energy and is not a guaranteed prediction by Public.com or investment advice.
TC Energy (TRP) Analyst Forecast & Price Prediction
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