Is TRP a good stock to buy? We came across a bullish thesis on TC Energy Corporation on DividendInvestor’s Substack. In this article, we will summarize the bulls’ thesis on TRP. TC Energy Corporation’s share was trading at $61.91 as of April 27th. TRP’s trailing and forward P/E were 24.41 and 23.31 respectively according to Yahoo Finance.
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TC Energy Corporation operates as an energy infrastructure company in Canada, the United States, and Mexico. TRP is emerging as a compelling income-oriented investment following its strategic repositioning and consistent operational performance. The company reported Q4 2025 comparable EBITDA of $3.0 billion, reflecting a 13% year-over-year increase, with full-year growth of approximately 9%, underscoring the resilience of its cash flow model. Alongside this, TC Energy extended its 26-year dividend growth streak with a 3.2% increase, reinforcing its commitment to shareholder returns.
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The post-2024 spin-off of its liquids pipeline business has streamlined the company into a focused natural gas and power infrastructure operator, and while the associated dividend reset created temporary market skepticism, the underlying earnings power remains intact and improving. Approximately 98% of EBITDA is supported by regulated frameworks or long-term take-or-pay contracts, insulating revenues from commodity price volatility and ensuring stable, predictable cash flows.
Growth is further supported by a $32 billion capital program, with projects coming online that are expected to drive incremental EBITDA, alongside a significant U.S. expansion targeting LNG and infrastructure demand linked to electrification and data centers. Trading at a yield of approximately 4.14%, below its historical average, the stock reflects improving investor confidence and a higher-quality earnings base.
While leverage remains an area of focus, the company’s disciplined capital allocation and contracted growth pipeline position it well to manage balance sheet risks. Overall, TC Energy offers a high-quality, durable income stream with visible growth, supported by strong fundamentals and multiple long-term demand drivers.
Previously, we covered a bullish thesis on Kinder Morgan, Inc. (KMI) by Gregg Jahnke in October 2024, which highlighted the company’s expanding project backlog, AI-linked demand, and reshoring-driven infrastructure growth alongside regulatory sensitivity. KMI’s stock price has appreciated by approximately 24.74% since our coverage. DividendInvestor shares a similar view but emphasizes on TC Energy Corporation’s contracted cash flows and dividend visibility.
TC Energy Corporation is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 30 hedge fund portfolios held TRP at the end of the fourth quarter which was 27 in the previous quarter. While we acknowledge the risk and potential of TRP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TRP and that has 10,000% upside potential, check out our report about this cheapest AI stock.
Disclosure: None.
