TC Energy Corp

TRP: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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TC Energy Continues to Focus Investment on US and Canadian Segments

Adam Baker

Aug 1, 2025

Business Strategy and Outlook

Now that TC Energy has spun out its crude oil assets, it is almost fully a natural gas transmission firm. With strong growth of natural gas demand, both incremental and from power plant conversions, the outlook looks robust. This growth, combined with TC’s wide footprint, will result in many new opportunities for investment.

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TC Energy Corp

TC Energy Continues to Focus Investment on US and Canadian Segments

Business Strategy and Outlook

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