OakChart

TC Energy Corp

TRPEnergy·Oil & Gas Midstream·Canada·Large·NYSE·Nov 10 • 3:59 PM ET

63.460.00 (0.00%)
2026-11-11 15:20 CET
Market cap
66,121.51 USD m
Revenue, TTM
11,717.85 USD m
Net income, TTM
2,804.06 USD m
Free cash flow, TTM
3,090.80 USD m
EPS diluted, TTM
2.69
P/E
23.58
Compare

Price

TRP against its 20, 50 and 200-day averages
2050200beat
60.0065.0070.005.0M9.9MMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26TRPclose 63.4620-day 62.4750-day 61.38200-day 64.0363.46

11.2% under 71.47 on 22 May 2026. Last 15 sessions, 6.9% high to low

Profile

TRP
52-week range, 57% of the way up
52.7171.47

TC Energy Corp. engages in the provision of energy infrastructure services. It operates through the following business segments: Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, Power and Energy Solutions, and Corporate. The Canadian Natural Gas Pipelines segment refers to regulated natural gas pipelines. The U.S. Natural Gas Pipelines segment manages the regulated natural gas pipelines, regulated natural gas storage facilities, midstream, and other assets. The Mexico Natural Gas Pipelines invests on regulated natural gas pipelines in Mexico. The Liquids Pipelines handles investments in crude oil pipeline systems. The Power and Energy Solutions segment include power generation plants and non-regulated natural gas storage facilities. The company was founded in 1951 and is headquartered in Calgary, Canada.

Employees6668
IPOSep 20, 1982
Beta0.64
ATR, 14d1.41
Rel volume0.00
Short float1.84%
Insider own0.07%
Inst own68.33%

Snapshot

6 groups

Valuation

Index-
Market Cap66.12B
Enterprise Value118.11B
Income2.80B
Sales11.72B
Book/sh17.30
Cash/sh0.84
Dividend Est.2.50 (3.93%)
Dividend TTM2.49 (3.92%)
Dividend Ex-DateDec 31, 2026
Dividend Gr. 3/5Y-4.27% 0.08%
Payout104.00%
Employees6668
IPOSep 20, 1982

Ratios

P/E23.58
Forward P/E22.24
PEG3.83
P/S5.64
P/B3.67
P/C75.16
P/FCF21.39
EV/EBITDA15.62
EV/Sales10.08
Quick Ratio0.49
Current Ratio0.57
Debt/Eq2.26
LT Debt/Eq2.05
Option/ShortYes / Yes

Earnings

EPS (ttm)2.69
EPS next Y2.85
EPS next Q0.67
EPS this Y5.00%
EPS next Y5.56%
EPS next 5Y5.81%
EPS past 3/5Y67.85% -7.92%
Sales past 3/5Y-0.21% 2.60%
EPS Y/Y TTM15.62%
Sales Y/Y TTM8.32%
EPS Q/Q65.40%
Sales Q/Q3.86%
EarningsNov 05 BMO
EPS/Sales Surpr.8.03% 1.57%

Ownership

Insider Own0.07%
Insider Trans0.00%
Inst Own68.33%
Inst Trans-3.38%
ROA3.31%
ROE14.61%
ROIC4.83%
Gross Margin51.86%
Oper. Margin46.54%
Profit Margin23.93%
SMA201.58%
SMA503.39%
SMA200-0.89%
Trades-

Technical

Shs Outstand1.04B
Shs Float1.04B
Short Float1.84%
Short Ratio7.38
Short Interest19.11M
52W High71.47 -11.21%
52W Low52.71 20.39%
Volatility3.04% 2.28%
ATR (14)1.41
RSI (14)57.54
Beta0.64
Rel Volume0.00
Avg Volume2.59M
Volume0

Performance

Perf Week0.05%
Perf Month4.79%
Perf Quarter-0.24%
Perf Half Y-4.28%
Perf YTD15.36%
Perf Year18.95%
Perf 3Y94.28%
Perf 5Y39.13%
Perf 10Y55.92%
Recom3.00
Target Price65.75
Prev Close63.46
Price63.46
Change %0.00%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Oct 01, 2026UpgradeGGoldmanNeutral → Buy$71+11.9%
Sep 10, 2026UpgradeMMorgan StanleyEqual-Weight → Overweight
Sep 01, 2026UpgradeJJefferiesHold → Buy
Jun 10, 2026DowngradeMMorgan StanleyOverweight → Equal-Weight
Apr 23, 2026UpgradeCCIBCNeutral → Sector Outperform
Apr 20, 2026UpgradeGGoldmanSell → Neutral$62-2.3%
Feb 17, 2026DowngradeTTD SecuritiesBuy → Hold
Nov 07, 2025UpgradeBBMO Capital MarketsMarket Perform → Outperform
May 02, 2025UpgradeCCIBCNeutral → Sector Outperform
Apr 04, 2025InitiatedCCitigroupNeutral

Peers

Mkt cap
TickerCompanyMkt cap
ENBEnbridge Inc107.25B
KMIKinder Morgan Inc70.17B
WMBWilliams Cos Inc85.86B
ETEnergy Transfer LP67.35B
PBAPembina Pipeline Corp28.50B
EPDEnterprise Products Partners L P80.87B
DTMDT Midstream Inc12.13B
OKEOneok Inc55.58B
SOBOSouth Bow Corp6.84B
LNGCheniere Energy Inc60.56B

Held by

AUM
TickerCompanyAUM
MLPXGlobal X MLP & Energy Infrastructure ETFAUM: 3.53B
CGUSCapital Group Core Equity ETFAUM: 12.20B
IFRAiShares U.S. Infrastructure ETFAUM: 4.01B
TPYPTortoise North American Pipeline ETFAUM: 875.89M
FVDFirst Trust Value Line Dividend Index FundAUM: 8.21B
UMIUSCF Midstream Energy Income Fund ETFAUM: 520.21M
DFAIDimensional International Core Equity Market ETF-
DFICDimensional International Core Equity 2 ETF-
MDSTWestwood Salient Enhanced Midstream Income ETFAUM: 289.12M
IGEiShares North American Natural Resources ETFAUM: 804.27M

News

latest 14 of 206
  • TC Energy approves $2bn in pipeline expansions in US and Canada (Offshore Technology)
  • TC Energy Beats And Raises, But Its Bigger Five-Year Growth Plan Brings More Execution Risk (Earnings Whispers)
  • TC Energy: Q3 Earnings Snapshot (Associated Press)
  • TC Energy reports strong third quarter 2026 operating and financial results (GlobeNewswire)
  • Trump floats 'concept' of US-Canada deal that includes pipeline talking to Carney (Reuters)
  • Loading…
  • TC Energy's Upgraded Outlook Meets A Skeptical Market As Crossroads Decision Nears (Earnings Whispers)
  • TC Energy to host third quarter 2026 conference call on Nov. 5 (GlobeNewswire)
  • Kinder Morgan vs. TC Energy: Which Dividend Stock Pays You More in 10 Years? (TIKR)
  • TC Energy closes First Nations investment deal for CGL pipeline (Offshore Technology)
  • TC Energy announces Indigenous investment in Coastal GasLink (GlobeNewswire)
  • TC Energy Advances Coastal GasLink Expansion After LNG Canada FID (Oilprice.com)
  • Coastal GasLink Phase 2 to proceed following LNG Canada Final Investment Decision (GlobeNewswire)
  • TC Energy to divest Guadalajara-Manzanillo Pipeline for $400m (Offshore Technology)

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-11-050.6720.6220.7002,8802,83516
2026Q22026-07-300.6710.6010.6842,8342,80216
2026Q12026-05-010.7290.7090.6292,8343,03716
2025Q42026-02-130.7190.6660.6753,0502,98216
2025Q32025-11-060.5450.5560.4252,6352,63516
2025Q22025-07-310.5930.5750.5782,7112,57317
2025Q12025-05-010.6870.7010.6552,6162,60816
2024Q42025-02-140.7410.6930.6692,5162,54416
2024Q32024-11-070.7430.7001.0292,9272,87515
2024Q22024-08-010.6190.5970.6792,9612,78615
2024Q12024-05-030.9070.8380.8603,1053,06016
2023Q42024-02-161.0010.8171.0363,1873,12816
2023Q32023-11-080.7250.710-0.1422,7252,81613
2023Q22023-07-270.7250.7190.1813,1002,81913
2023Q12023-04-280.8920.8680.9512,8962,84814
2022Q42023-02-140.8310.824-1.0492,8432,84715

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2019FY3.1243.1333.2199,93010,366
2020FY3.3023.1763.53510,16910,261
2021FY3.3463.3671.48610,49110,965
2022FY3.2213.2040.49411,09611,165
2023FY3.0542.8732.03511,82211,749
2024FY3.0142.9383.23111,25211,213
2025FY2.5752.5422.54511,13810,978
2026FY-2.703--11,355
2027FY-2.853--12,004
2028FY-3.050--12,701
2029FY-3.139--13,286
2030FY-3.616--13,863

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-11-052112,9922,9733,010
2026Q4S2026-10-162112,9922,9733,010
2026Q4S2026-10-142113,0042,9733,035
2026Q4S2026-09-292103,0413,0353,047
2026Q4S2026-09-272103,0102,9733,047
2026Q4S2026-08-142203,0102,9733,047
2026Q4S2026-07-312203,0092,9733,045
2026Q4S2026-07-302112,9472,8493,045
2026Q4S2026-07-152112,9472,8493,045
2026Q4S2026-07-142113,0022,9603,045
2026Q4S2026-07-012022,9872,9603,013
2026Q4S2026-05-152013,0352,9603,111
2026Q4S2026-05-082113,0432,9603,126
2026Q4S2026-05-013113,0332,9603,126

Estimate history

EPS, annual2.6433.0243.2193.5351.4860.4942.0353.2312.342.6917
Period201720182019202020212022202320242025TTM
EPS, quarterly1.0290.6690.6550.5780.4250.6750.6290.6840.703
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual10393.60210258.0879812.3639567.57510476.71510946.79591.1139934.58510878.21111717.85
Period201720182019202020212022202320242025TTM
Sales, quarterly2805.0412873.1922594.7292628.6232720.8842922.4933085.9342883.5932825.832
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual881.376918.097938.4940.064980.81610181037103910411042
Period201720182019202020212022202320242025MRQ
Shares, quarterly103810391040104010411041104210421042
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue11,717.8510,878.219,934.599,591.1110,946.7010,476.729,567.589,812.3610,258.09
Cost of Goods Sold Incl. D&A5,641.085,436.245,230.074,889.286,069.045,349.634,822.185,081.035,731.60
Gross Profit6,076.775,441.974,704.514,701.834,877.665,127.094,745.394,731.344,526.49
Other Operating Expense623.20630.51598.56578.65651.38617.36542.01547.89438.99
Operating Income5,453.584,811.464,105.954,123.184,226.284,509.734,203.384,183.444,087.50
Interest Expense2,479.602,429.712,194.952,188.661,975.642,073.811,636.471,684.381,745.17
Unusual Expense119.45-167.47245.991,275.852,907.392,368.13-76.79-95.71787.72
Net Income Before Taxes4,188.003,896.124,311.072,443.53245.801,011.383,047.793,215.772,495.86
Income Taxes818.41814.43673.01623.85452.4395.71144.64568.24333.30
Consolidated Net Income3,369.583,081.683,638.061,819.68602.991,631.933,662.863,340.882,713.42
Net Income From Continuing Operations2,875.462,670.173,140.961,711.51574.571,559.343,441.433,120.062,856.16
Net Income2,804.062,433.283,353.382,096.04492.371,447.683,322.892,996.462,730.40
EPS (Recurring)2.772.233.402.902.543.193.483.153.63
EPS (Basic, Before Extraordinaries)2.692.343.232.040.491.493.543.233.03
EPS (Diluted)2.692.343.232.040.491.493.543.223.02
EBITDA7,563.706,793.165,956.375,935.456,211.146,521.336,134.346,040.415,900.56
Non-Operating Income (Expense)1,333.471,346.892,646.061,784.86902.56943.58404.09621.00941.25
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Price To Earnings Ratio23.5823.5812.91-14.2628.6810.5015.0610.74
Price To Sales Ratio5.165.274.874.223.624.333.995.063.14
Gross Margin51.8650.0347.3549.0244.5648.9449.6048.2244.13
Operating Margin46.5444.2341.3342.9938.6143.0543.9342.6339.85
Net Margin23.9322.3733.7521.854.5013.8234.7330.5426.62
Shares Outstanding1,042.001,041.001,039.001,037.001,018.00980.82940.06938.40918.10
Market Capitalization66,121.5166,121.5148,291.1636,902.6036,286.8941,563.0934,847.9945,085.5029,688.96

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue2,825.832,883.593,085.932,922.492,720.882,628.622,594.732,873.19
Cost of Goods Sold Incl. D&A1,405.061,429.521,336.291,470.211,384.041,373.531,211.291,374.38
Gross Profit1,420.771,454.081,749.641,452.281,336.841,255.101,383.441,498.81
Other Operating Expense157.15163.97141.43160.65156.12157.43156.12148.02
Operating Income1,263.621,290.101,608.211,291.631,180.721,097.671,227.321,350.79
Interest Expense628.60618.33608.73623.94612.87613.83583.34483.39
Unusual Expense12.1442.62141.43-76.74105.29-206.539.76208.80
Net Income Before Taxes1,092.901,049.561,024.271,021.26880.82966.961,023.121,074.77
Income Taxes222.87221.76185.17188.62177.91243.36204.21159.46
Consolidated Net Income870.04827.80839.10832.64702.91723.59818.91915.30
Net Income From Continuing Operations752.89733.90675.80712.87610.69642.71701.13784.44
Net Income732.89712.95655.39702.83442.23601.55681.61694.34
EPS (Recurring)0.710.710.720.620.500.440.660.81
EPS (Basic, Before Extraordinaries)0.700.680.630.680.430.580.660.67
EPS (Diluted)0.700.680.630.680.430.580.660.67
EBITDA1,798.651,822.472,135.291,807.281,689.751,582.231,699.851,807.72
Non-Operating Income (Expense)470.02420.40166.22276.83418.26276.58388.90416.18
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Price To Earnings Ratio23.5828.7326.8223.6318.5616.0914.5812.91
Price To Sales Ratio5.165.945.735.285.234.654.414.18
Gross Margin50.2850.4356.7049.6949.1347.7553.3252.17
Operating Margin44.7244.7452.1144.2043.3941.7647.3047.01
Net Margin25.9424.7221.2424.0516.2522.8826.2724.17
Shares Outstanding1,042.001,042.001,042.001,041.001,041.001,040.001,040.001,039.00
Market Capitalization66,121.5166,290.0065,180.3757,243.4156,586.4050,706.9649,064.8848,291.16

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments190.41645.952,810.56535.81748.921,496.861,222.29906.431,213.14
Short Term Receivables2,195.881,930.191,955.102,789.034,077.901,800.631,985.731,856.062,012.85
Inventories570.49519.40584.71690.80573.17493.72348.56315.57301.69
Other Current Assets1,650.92890.703,273.931,395.62476.59291.212,490.07681.65207.51
Total Current Assets4,607.703,986.238,624.305,411.275,876.584,082.425,900.133,759.703,735.18
Net Property, Plant & Equipment51,835.8653,887.5052,670.2656,046.3555,561.1054,768.4550,502.4148,691.6145,713.72
Total Investments and Advances16,874.7011,287.0310,761.4110,058.678,447.936,762.956,223.256,136.335,869.35
Long-Term Note Receivable457.41422.75346.58262.00385.541,050.241,105.84962.81733.47
Intangible Assets9,554.629,618.979,681.489,551.649,971.9010,133.4411,260.4610,380.7310,442.56
Deferred Tax Assets259.71297.591,000.30789.70402.96138.9328.53235.76252.20
Other Assets3,042.132,715.8911,738.972,273.151,860.431,791.991,539.232,259.481,972.15
Total Assets86,632.1482,215.9694,823.3084,392.7882,506.4378,728.4176,559.8672,426.4268,718.62
Short Term Debt Incl. Current Port. of LT Debt2,047.052,365.462,271.356,062.225,173.574,869.705,445.154,557.043,694.48
Accounts Payable2,380.452,571.962,344.913,195.693,311.562,399.532,555.622,360.522,272.24
Other Current Liabilities2,837.862,371.024,345.523,220.051,839.052,139.721,946.402,561.141,916.28
Total Current Liabilities7,265.377,308.448,961.7812,477.9510,324.199,408.959,947.189,478.697,883.00
Long Term Debt42,182.7539,267.8346,005.6137,284.7736,939.4034,409.7333,445.1532,228.0031,032.36
Provision for Risks Charges137.15140.45122.10140.23186.04437.21464.24482.50388.68
Deferred Tax Liabilities5,600.584,786.545,287.435,644.494,862.454,557.304,397.924,412.074,312.22
Other Liabilities4,527.454,040.474,863.493,666.563,755.693,641.293,322.153,132.963,640.21
Total Liabilities59,713.3055,543.7465,240.4159,213.9956,067.7752,454.4751,576.6349,734.2247,256.47
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value1,645.081,737.591,895.191,844.352,760.563,124.023,069.212,914.043,176.50
Common Equity18,267.3717,447.5020,517.2223,241.4523,579.1521,521.1920,653.9418,566.4116,807.53
Total Shareholders Equity19,912.4619,185.0922,412.4125,085.8026,339.7124,645.2123,723.1521,480.4519,984.04
Accumulated Minority Interest7,006.387,487.147,170.4892.9998.961,628.731,260.071,211.741,478.11
Total Equity26,918.8426,672.2329,582.8925,178.7926,438.6726,273.9424,983.2322,692.2021,462.15
Total Liabilities & Stockholders Equity86,632.1482,215.9694,823.3084,392.7882,506.4378,728.4176,559.8672,426.4268,718.62
Book Value Per Share17.5516.7919.7922.8324.0422.8922.0120.2219.07
Tangible Book Value Per Share8.377.5310.4513.4513.8712.1110.018.927.22
Full-Time Employees6,6686,6687,4157,4777,0177,2837,3057,0816,779
Price to Book Ratio3.672.331.601.521.761.622.211.612.36
Return on Assets3.163.551.910.691.934.434.194.053.62
Return on Equity13.6615.107.212.236.1214.2313.8013.7812.78
Return on Invested Capital4.065.873.160.922.465.835.465.324.77
Quick Ratio0.560.470.900.380.510.380.560.360.44
Current Ratio0.630.550.960.430.570.430.590.400.47

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income3,332.392,929.963,926.392,273.12602.991,631.933,662.863,340.882,713.42
Depreciation2,075.181,981.702,035.092,058.261,984.862,011.591,930.961,856.961,813.06
Other Funds (Non Cash)476.06161.031,841.66909.104,687.932,286.77-44.7317.33612.58
Funds from Operations6,371.615,620.898,163.005,248.627,409.445,782.735,505.855,256.625,229.34
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital-98.47-359.98145.26153.37-490.84-228.92-243.79220.82-78.69
Cash from Operating Activities6,273.145,260.908,308.265,401.996,918.605,553.825,262.055,477.445,150.65
Capital Expenditures-3,195.10-3,783.04-4,641.01-6,037.70-5,167.25-4,725.09-6,065.01-6,166.26-7,648.82
Net Assets From Acquisitions0.000.000.00-227.460.00-504.89-65.610.000.00
Sale of Fixed Assets and Businesses0.000.00592.7224.450.0027.922,540.071,807.22473.71
Purchase or Sale of Investments-685.49-752.17-3,418.34-2,888.82-2,645.46-1,155.75-570.34-453.69-783.09
Purchase of Investments-685.49-752.17-3,418.34-3,074.05-2,645.46-1,155.75-570.34-453.69-783.09
Sale Or Maturity of Investments0.000.000.00185.230.000.000.000.000.00
Other Uses-42.44-90.17-256.940.00-31.49-356.54-351.15-506.44-227.60
Other Sources--5.118.89438.610.000.000.00362.61
Cash from Investing Activities-3,923.04-4,625.39-7,718.46-9,120.63-7,405.60-6,714.35-4,512.04-5,319.18-7,823.18
Cash Dividends Paid-2,628.42-2,591.45-2,957.75-2,133.09-2,533.31-2,758.16-2,345.48-1,475.62-1,333.95
Change in Capital Stock-115.02-104.4964.242.96695.16-280.7667.84190.67923.51
Repurchase of Common Pref Stock-179.29-178.920.000.00-768.14-398.810.000.000.00
Sale of Common Pref Stock64.2774.4364.242.961,463.30118.0567.84190.67923.51
Proceedsfrom Stock Options64.2774.4364.242.961,463.30118.0567.84190.67923.51
Issuance or Reduction of Debt, Net868.332,024.64454.034,306.932,261.393,565.351,172.741,970.012,704.17
Change in Long Term Debt791.241,397.71205.128,973.931,673.002,765.341,336.76721.982,073.84
Issuance of Long Term Debt5,161.245,774.766,973.9211,768.652,700.768,953.264,301.793,361.224,812.72
Reduction of Long Term Debt-4,370.00-4,377.05-6,768.80-2,794.72-1,027.77-6,187.92-2,965.03-2,639.24-2,738.88
Net Financing Active Other Cash Flow-889.41-413.66-403.663,819.40-49.16-91.73508.46-162.79-173.59
Other Financing Activities Uses-1,127.81-664.86-729.22-128.18-66.83-91.73-261.69-162.79-173.59
Cash from Financing Activities-2,764.53-1,084.96-2,843.155,996.21374.08434.70-596.44522.272,120.13
Exchange Rate Effect21.47-3.58153.29-11.8572.2042.27-14.17-4.5256.32
Net Change in Cash-392.96-453.02-2,100.062,265.71-40.71-683.56139.42676.01-496.09
Free Cash Flow3,090.801,489.313,703.75-530.491,788.99828.73-712.00-156.00-2,115.50
Preferred Dividends (Cash Flow)--81.59-72.26-68.16-81.42-112.46-118.54-120.58-121.90
Price to Free Cash Flow130.78-64.81------
Deferred Taxes & Investment Tax Credit-548.20359.868.15133.66-147.56-43.2441.4590.27

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments879.731,461.85776.04190.411,295.101,042.14
Short Term Receivables1,697.481,979.211,916.812,195.881,962.052,045.44
Inventories712.80659.74614.09570.49601.55602.42
Other Current Assets1,882.731,463.261,585.751,650.921,731.351,540.49
Total Current Assets5,172.745,564.054,892.694,607.705,590.055,230.49
Net Property, Plant & Equipment51,809.8351,665.9051,607.6151,835.8651,195.2050,897.76
Total Investments and Advances16,732.5216,784.4916,744.6516,874.7016,515.0216,293.88
Intangible Assets9,499.569,502.039,490.179,554.629,502.669,473.80
Deferred Tax Assets---259.71--
Other Assets3,440.753,381.853,400.093,042.133,147.913,286.19
Total Assets87,109.0087,348.7286,580.9286,632.1486,412.2585,626.24
Short Term Debt Incl. Current Port. of LT Debt4,209.904,241.062,613.312,002.553,780.374,057.90
Accounts Payable3,068.853,092.863,056.863,536.753,209.722,956.39
Other Current Liabilities1,751.721,783.961,855.181,726.061,849.221,591.06
Total Current Liabilities9,030.469,117.897,525.357,265.378,839.308,605.35
Long Term Debt40,188.0640,687.9341,676.7642,182.7540,320.5439,494.32
Provision for Risks Charges0.000.000.00137.150.000.00
Deferred Tax Liabilities5,934.855,908.025,713.165,600.585,419.005,300.84
Other Liabilities5,460.125,220.795,039.594,527.454,827.514,831.07
Total Liabilities60,613.4960,934.6359,954.8659,713.3059,406.3558,231.59
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value1,588.311,589.431,615.851,645.081,796.031,831.44
Common Equity18,023.6017,976.3918,111.1418,267.3717,943.0818,337.12
Total Shareholders Equity19,611.9019,565.8119,726.9919,912.4619,739.1120,168.56
Accumulated Minority Interest6,883.616,848.286,899.077,006.387,266.787,226.09
Total Equity26,495.5126,414.1026,626.0626,918.8427,005.8927,394.65
Total Liabilities & Stockholders Equity87,109.0087,348.7286,580.9286,632.1486,412.2585,626.24
Book Value Per Share17.3017.2517.3817.5517.2417.63
Tangible Book Value Per Share8.188.138.278.378.118.52
Full-Time Employees---6,668--
Price to Book Ratio3.673.813.573.193.092.90
Return on Assets3.313.163.103.162.943.59
Return on Equity14.6113.7613.5613.6412.9615.25
Return on Invested Capital1.261.221.101.170.771.04
Quick Ratio0.490.540.570.560.560.54
Current Ratio0.570.610.650.630.630.61

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income851.60820.12839.10821.57563.37732.27
Depreciation523.30527.54527.08497.25514.43501.65
Other Funds (Non Cash)314.31-142.75206.3198.19137.561.59
Funds from Operations1,810.931,364.031,708.821,487.841,315.481,467.55
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital-328.84220.03188.82-178.4892.88136.06
Cash from Operating Activities1,482.091,584.061,897.631,309.361,408.361,603.61
Capital Expenditures-840.67-638.61-782.97-932.87-923.49-844.61
Net Assets From Acquisitions0.000.000.000.000.000.00
Sale of Fixed Assets and Businesses0.000.000.000.000.000.00
Purchase or Sale of Investments-148.44-163.86-169.86-203.33-182.85-196.82
Purchase of Investments-148.44-163.86-169.86-203.33-182.85-196.82
Sale Or Maturity of Investments0.000.000.000.000.000.00
Other Uses-43.570.000.001.13-63.33-28.16
Other Sources-0.72-30.6331.35-0.00-47.39
Cash from Investing Activities-1,033.40-833.09-921.48-1,135.07-1,169.67-1,116.99
Cash Dividends Paid-659.44-674.37-664.14-630.48-670.88-680.13
Preferred Dividends (Cash Flow)-20.27-20.05-19.68-20.04-21.28-20.93
Change in Capital Stock-0.598.2545.20-167.8827.0715.20
Repurchase of Common Pref Stock0.000.000.00-179.290.000.00
Sale of Common Pref Stock-0.598.2545.2011.4127.0715.20
Proceedsfrom Stock Options-0.598.2545.2011.4127.0715.20
Issuance or Reduction of Debt, Net-362.80865.13735.58-369.58703.59-130.42
Change in Long Term Debt-1,731.99902.47-344.101,964.8615.67-871.21
Issuance of Long Term Debt7.941,700.1427.703,425.45613.1256.84
Reduction of Long Term Debt-1,739.93-797.67-371.80-1,460.59-597.45-928.04
Net Financing Active Other Cash Flow-13.78-248.79-439.60-187.24-8.47-65.48
Other Financing Activities Uses-73.78-248.79-439.60-365.63-81.81-65.48
Cash from Financing Activities-1,036.62-49.77-322.96-1,355.1951.30-860.83
Exchange Rate Effect-0.968.5413.850.04-11.5713.52
Net Change in Cash-588.90709.73667.05-1,180.85278.42-360.70
Free Cash Flow644.92949.041,117.58379.26486.36763.43
Price to Free Cash Flow130.78235.92643.96-55.9054.24

Revenue breakdown

Revenue split-

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-301.84%19.1M1041.2M2.63M
2026-10-154.38%45.6M1041.2M2.60M
2026-09-305.45%56.8M1041.0M2.62M
2026-09-153.46%34.6M999.1M2.45M
2026-08-312.52%25.1M997.8M2.36M
2026-08-142.27%22.7M997.8M2.49M
2026-07-312.20%22.0M999.2M2.42M
2026-07-152.31%23.1M999.2M2.50M
2026-06-303.24%32.4M999.2M2.57M
2026-06-152.29%22.9M999.2M2.52M
2026-05-291.57%15.7M999.2M2.59M
2026-05-151.43%14.9M1040.3M2.56M
2026-04-300.57%5.9M1040.3M2.63M
2026-04-152.11%22.0M1040.3M2.65M
2026-03-313.94%41.0M1039.5M2.60M
2026-03-131.82%18.9M1039.5M2.39M
2026-02-271.00%10.4M1039.3M2.26M
2026-02-130.92%9.6M1040.0M2.20M
2026-01-300.64%6.7M1039.6M2.21M
2026-01-152.12%22.1M1039.6M2.17M

Option chain

expiry 2026-11-20
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call32.500.000.000.00-0.000.00---
call35.000.000.000.00-0.000.00---
call37.500.000.000.00-0.000.00---
call40.000.000.0028.13-0.000.00---
call42.500.000.0026.70-0.000.00---
call45.000.000.0016.33-21.000.00---
call47.500.000.0020.59-0.000.00---
call50.000.000.009.06-5.000.00---
call52.500.000.0016.19-1310.00---
call55.000.000.007.73-1050.00---
call57.500.000.005.00-59.000.00---
call60.000.000.002.80-1150.00---
call62.500.000.001.80-2950.00---
call65.000.000.000.45-3,5000.00---
call67.500.000.000.15-6570.00---
call70.000.000.000.10-1600.00---
call72.500.000.000.07-1120.00---
call75.000.000.000.11-70.000.00---
call77.500.000.000.00-0.000.00---
call80.000.000.000.02-20.000.00---
call85.000.000.000.05-22.000.00---
call90.000.000.000.60-10.000.00---
call95.000.000.000.00-0.000.00---
put32.500.000.000.30-50.000.00---
put35.000.000.000.00-0.000.00---
put37.500.000.000.00-0.000.00---
put40.000.000.000.00-0.000.00---
put42.500.000.000.00-0.000.00---
put45.000.000.000.01-16.000.00---
put47.500.000.000.86-6.000.00---
put50.000.000.000.96-29.000.00---
put52.500.000.000.25-27.000.00---
put55.000.000.000.06-1860.00---
put57.500.000.000.10-1710.00---
put60.000.000.000.45-6890.00---
put62.500.000.001.19-1310.00---
put65.000.000.001.90-6370.00---
put67.500.000.005.08-50.000.00---
put70.000.000.004.10-0.000.00---
put72.500.000.000.00-0.000.00---
put75.000.000.000.00-0.000.00---
put77.500.000.000.00-0.000.00---
put80.000.000.0010.40-0.000.00---
put85.000.000.0018.50-0.000.00---
put90.000.000.000.00-0.000.00---
put95.000.000.000.00-0.000.00---

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-056-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-30SEC
2026-10-196-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-10-16SEC
2026-10-136-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-10-13SEC
2026-10-066-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-10-05SEC
2026-09-296-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-29SEC
2026-09-226-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-21SEC
2026-08-12SCHEDULE 13G/ASEC
2026-07-306-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-06-30SEC
2026-07-106-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-07-09SEC
2026-06-1811-KAnnual reports of employee stock purchase, savings and similar plans pursuant to Section 15(d)2025-12-31SEC
2026-05-076-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-05-07SEC
2026-05-016-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-03-31SEC
2026-04-136-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-04-10SEC
2026-03-206-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-03-20SEC
2026-03-206-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-03-05SEC
2026-03-106-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-03-10SEC
2026-02-136-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-02-13SEC
2026-02-1340-FRegistration Statement Pursuant to Section 12 of the Securities Exchange Act of 1934 or Annual Report pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 19342025-12-31SEC
2026-02-136-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162025-12-31SEC
2026-02-12SCHEDULE 13G/ASEC
2026-01-30SCHEDULE 13G/ASEC
2026-01-266-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-01-23SEC
2026-01-236-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-01-22SEC
2025-12-316-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162025-12-31SEC
2025-11-10SCHEDULE 13G/ASEC
2025-11-066-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162025-09-30SEC
2025-11-066-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162025-11-06SEC
2025-10-296-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162025-10-29SEC
2025-10-166-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162025-10-16SEC
2025-10-106-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162025-10-09SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-090000
2026-080000
2026-070000
2026-060000
2026-050000
2026-040000
2026-030000
2026-020000
2026-010000
2025-120000
2025-110000

Institutional holders

Manager% owned
ROYAL BANK OF CANADA7.94%
BANK OF MONTREAL /CAN/4.70%
Capital Research Global Investors4.35%
VANGUARD CAPITAL MANAGEMENT LLC2.99%
FIL Ltd2.60%
GOLDMAN SACHS GROUP INC2.12%
1832 Asset Management L.P.2.08%
CIBC WORLD MARKET INC.1.88%
CANADA PENSION PLAN INVESTMENT BOARD1.74%
GQG Partners LLC1.67%

Funds

Fund% owned
Dodge & Cox Income Fund33.62%
Dodge & Cox Global Bond Fund3.57%
Nuveen Preferred Securities and Income Fund2.63%
Nuveen Preferred & Income Opportunities Fund1.78%
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND1.53%
American Mutual Fund1.06%
VANGUARD DEVELOPED MARKETS INDEX FUND1.02%
Dodge & Cox Balanced Fund0.94%
Goldman Sachs GQG Partners International Opportunities Fund0.86%
Investment Co of America0.74%

OakChart. TRP. Cached 15 minutes.

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