TC Energy Lifts Dividend Again as 2025 Results Show Strong Operations and Growth Outlook
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TC Energy ( (TSE:TRP) ) just unveiled an update.
TC Energy reported strong fourth-quarter and full-year 2025 results, highlighting its best safety performance in five years and 15 flow records across its systems. Comparable EBITDA from continuing operations rose to $3.0 billion in the quarter and $11.0 billion for the year, while the board approved a 3.2% increase in the quarterly common share dividend, extending a 26-year streak of dividend growth.
Management signaled confidence in sustained growth, citing progress in commercial discussions that supports fully allocating roughly $6 billion in net annual capital expenditures through 2030. For 2026, the company expects higher comparable EBITDA and earnings per share than in 2025, with forecast comparable EBITDA of $11.6 billion to $11.8 billion and net capital spending of $5.5 billion to $6.0 billion, underscoring continued investment in its pipeline and energy infrastructure portfolio.
The most recent analyst rating on (TSE:TRP) stock is a Buy with a C$93.00 price target. To see the full list of analyst forecasts on TC Energy stock, see the TSE:TRP Stock Forecast page.
Spark’s Take on TSE:TRP Stock
According to Spark, TipRanks’ AI Analyst, TSE:TRP is a Outperform.
TC Energy’s overall stock score reflects strong earnings call performance and corporate events, which are the most significant factors. Financial performance is solid but challenged by high leverage and revenue decline. Technical analysis and valuation suggest moderate growth potential with attractive dividends.
To see Spark’s full report on TSE:TRP stock, click here.
More about TC Energy
TC Energy Corp. is a North American energy infrastructure company that operates large-scale natural gas and liquids pipeline networks, along with power and storage assets. The company focuses on providing reliable, long-haul transportation and related services to energy producers, utilities and industrial customers across Canada, the U.S. and Mexico.
Average Trading Volume: 5,031,451
Technical Sentiment Signal: Buy
Current Market Cap: C$86.03B
For a thorough assessment of TRP stock, go to TipRanks’ Stock Analysis page.
