
TC Energy (TRP) Stock Forecast & Price Target
TC Energy (TRP) Analyst Ratings
Bulls say
TC Energy's positive outlook is underpinned by its projected EBITDA growth within the Power and Energy Solutions segment, expected to increase from approximately $1.2 billion in 2024 to between $1.6 billion and $1.7 billion by 2032, reflecting a compound annual growth rate (CAGR) of nearly 4%. Additionally, the company's gas pipeline segment is anticipated to grow at a rate of 4% per annum, driven by improving project returns and increased capital allocation, which aligns with the rising demand for natural gas in North America for various applications. Furthermore, notable performance metrics, such as Bruce Power achieving a 99% availability rate, highlight operational efficiency that contributes to significant year-over-year EBITDA growth within the sector, reinforcing a strong financial trajectory for the company.
Bears say
TC Energy's stock faces a negative outlook primarily due to a decrease in the projected Compound Annual Growth Rate (CAGR) for EBITDA, which has declined to 5-7% for the period from 2024 to 2027. Additionally, the company's 2025 EPS estimate has been revised downward to $3.52, reflecting unfavorable conditions such as lower Allowance for Funds Used During Construction (AFUDC) and increased interest expenses, as well as anticipated declines in EBITDA in 2027 due to units being offline. Furthermore, broader market sentiments regarding hydrocarbon infrastructure have contributed to concerns around the long-term viability of the pipeline business, further weighing on 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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