
TC Energy (TRP) Stock Forecast & Price Target
TC Energy (TRP) Analyst Ratings
Bulls say
TC Energy's recent sanctioning of the US$0.9 billion Northwoods project enhances its growth prospects and reflects a strategic focus on improving the company's balance sheet. The anticipated projects are expected to deliver robust EBITDA returns in the range of 5-7 times, backed by reliable counterparties, which bolsters financial stability and investor confidence. Overall, these developments position TC Energy favorably as it aims for sustainable growth into the latter part of the decade.
Bears say
The financial performance of TC Energy indicates weaknesses that contribute to a negative outlook, particularly highlighting its Gas Pipelines EBITDA of $1,367 million, which was only marginally in line with expectations due to lower-than-anticipated results from Columbia. Additionally, management's guidance that the comparable EPS for 2025 will be lower than that of 2024 suggests anticipated profitability declines, raising concerns about future growth potential. Furthermore, the company's overall EBITDA of $2,709 million was slightly below consensus estimates, reinforcing the challenges it may face in maintaining robust financial performance amid fluctuating revenues.
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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