TRP

Key Takeaways

• TC Energy is a continental natural gas and power infrastructure system that just printed its first quarter above $3 billion of comparable EBITDA, up 14% year over year, with record volumes and a newly approved $1.5 billion Columbia Gas expansion. [Source: Q1 2026 earnings, May 2026] • The tension is between the income statement's two layers: operating income grew 0.9% in fiscal 2025 while net income fell 25.1% on below-the-line items, leaving the dividend at 100.5% of trailing GAAP earnings ev

Institutional ownership

667 institutional managers reported holding TRP in 13F filings for the quarter ended 2026-03-31. Together they hold about 69% of the company; the top 10 hold 35%. 80 opened new positions that quarter. Held by Vanguard Group, CPP Investment Board, GQG Partners, among others. On the short side, 22.9M shares were sold short as of the 2026-06-15 count, about 2% of shares outstanding (11.4 days of typical volume to cover).

Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.

Capital returns

TRP's share count grew 6.9% over the past five years. It pays a dividend, and has paid one every year in our records (16 and counting); the current rate is $2.50 a share annually. Cash returned over the past three years: $7.53B in dividends.

Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.

Compare TRP

AEP vs TRPCEG vs TRPD vs TRPDUK vs TRPEPD vs TRPET vs TRP