TRP NYSE Week ended 07 Aug 2026

Weekly Investor Report

TC Energy Corp · Energy · Oil & Gas Midstream

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Latest close 63.23 USD
-6.2% latest week
Weekly setup

Mixed setup

The weekly trend is active. Price is -1.7% below the Trend Line and sits at 67.0% of its 52-week range. The latest completed week returned -6.2%, after a -6.1% four-week move. The latest factor snapshot indicates quality is middle-of-the-pack; growth ranks weakly; valuation is neither clearly cheap nor expensive. Options positioning is bullish with 45/100 conviction, while the latest news-sentiment score is 59/100.

Setup score 56 out of 100
Latest Close 63.23 USD 7 Aug 2026
1W Return -6.2% latest completed week
4W Return -6.1% short-term follow-through
12W Return -6.5% quarterly tape
Trend Breadth 100.0% 52 of 52 weeks active
Volume Ratio 1.2x vs 13-week average
What is working
  • The trend backdrop is active with a 108-week active streak.
  • Price is above Fair Value, showing premium demand versus the model.
  • Next-week expectancy is positive at 57.35% based on similar historical setup states.
  • Activity pressure is constructive, supporting the smart-money activity read.
What could go wrong
  • Price is below the Trend Line, which keeps downside pressure in focus.
  • Activity pressure is negative, which weakens the current setup.
  • 17 reversal markers appear in the recent smart-money tape.
  • The latest week was a sharp negative move.
What to watch next
  • Trend Line remains the key weekly regime level.
  • Activity pressure is the gauge to monitor for confirmation or fade.
  • A volume ratio above 1.5x would show stronger participation in the next move.
Price follow-through -6.2% Latest completed week; four-week move -6.1%. Indicator stack 100/42 Trend and activity pressure are weighted against the latest 12-week confirmation window. Trend backdrop Active The trend backdrop defines the current weekly regime. Patient Capital Quiet Activity-pressure buy-signal status for institutional accumulation timing. Next-Week Expectancy Positive 57.35% Historical one-week expectancy contributes to the evidence score when direction is confirmed. Options pressure Bullish 45/100 conviction; expected move 2.9%. News sentiment 59/100 58 relevant articles in the latest sentiment read. Event risk 30 Jul Latest stored earnings date was 30 Jul 2026.
01 · Price action

Where price is—and whether the trend supports it

The weekly trend is active. Price is -1.7% below the Trend Line and sits at 67.0% of its 52-week range. The latest completed week returned -6.2%, after a -6.1% four-week move.

Study the full chart

52-week price path

Price vs Trend Line and Fair Value
Price Trend Line Fair Value
02 · Volume and demand

Is real participation confirming the move?

Latest weekly volume is 1.2x the 13-week average. Participation is around or above normal and provides reasonable confirmation.

26-week volume confirmation

Bar height shows volume; colour shows the weekly price direction
13 Feb 20 Feb 27 Feb 6 Mar 13 Mar 20 Mar 27 Mar 3 Apr 10 Apr 17 Apr 24 Apr 1 May 8 May 15 May 22 May 29 May 5 Jun 12 Jun 19 Jun 26 Jun 3 Jul 10 Jul 17 Jul 24 Jul 31 Jul 7 Aug
Up week Down week
Demand beneath price

Activity pressure and institutional-style signals

These indicators assess whether participation is improving beneath the headline price move. They are supporting evidence, not proof of institutional buying.

Activity pressure path

Latest 0.9212-week average 0.95

12-week confirmation

Trend active12/12Active trend-backdrop weeks in the latest 12-week window.
Positive pressure4/12Weeks with constructive activity pressure in the latest 12-week window.
Positive leadership11/12Weeks with positive relative leadership in the latest 12-week window.
Activity pressure0.92Current proprietary activity-pressure read.
Buy signals0Accumulation signal count in the latest 12 weeks.
Reversal markers1717 reversal markers

No recent accumulation markers. 17 reversal markers.

03 · Momentum and leadership

Is performance persistent—and is the stock leading?

Performance is -6.1% over four weeks, -6.5% over 12 weeks, and 32.3% over one year. The current trend has remained active for 108 consecutive weeks.

Performance by holding period

1W-6.2%
4W-6.1%
12W-6.5%
26W6.8%
52W32.3%
Active trend streak108 weeks
Active weeks in one year52
Trend breadth100.0%

Activity pressure vs relative leadership

Activity pressureRelative leadership
Pressure-0.24Latest activity-pressure read.
Pressure change-49.4%Four-week change in activity pressure.
Leadership-4.28Latest relative-leadership reading.
RS change-172.8%Four-week change in relative leadership.
04 · Fundamentals and valuation

What investors are paying for—and the quality behind it

The latest factor snapshot indicates quality is middle-of-the-pack; growth ranks weakly; valuation is neither clearly cheap nor expensive.

Open full factor analysis
Factor week 09 Aug 2026 Financial statements through 30 Jun 2026 Field coverage 100% Model confidence 100%

Relative factor standing

Higher display scores are better. Each score is converted from the underlying universe rank, where rank 1 is best.

Overall factor strength68/100Blend of value, momentum, and quality. Underlying universe rank 33; rank 1 is best.
Value36/100Relative valuation strength. Underlying universe rank 65; rank 1 is best.
Quality79/100Profitability and accounting quality. Underlying universe rank 22; rank 1 is best.
Momentum83/100Medium-term price momentum. Underlying universe rank 18; rank 1 is best.
Growth20/100Revenue and earnings growth. Underlying universe rank 81; rank 1 is best.
How to read this

Quality and valuation are separate questions

A strong company can still carry a demanding valuation. This report shows profitability, growth, balance-sheet strength, and the price paid for those characteristics separately.

Value-quality framework46/100Value and quality alignment from the Sharemaestro SVQF framework.

Valuation

How much investors are paying for earnings, sales, and cash flow.

P/E
18.3x
Price divided by trailing earnings.
Price / sales
4.1x
Market value relative to trailing revenue.
EV / EBITDA
12.4x
Enterprise value relative to operating cash earnings.
Free-cash-flow yield
8.7%
Free cash flow as a share of enterprise value.

Business quality

Margins and the return generated on invested capital.

Gross margin
51.5%
Gross profit retained from each unit of revenue.
Operating margin
52.0%
Operating profit retained from revenue.
Free-cash-flow margin
76.0%
Free cash flow generated from revenue.
Return on invested capital
7.5%
Operating return generated on invested capital.

Growth and financial strength

Recent business growth and accounting strength.

Revenue growth
25.0%
Latest one-year revenue growth.
EPS growth
-17.3%
Latest one-year earnings-per-share growth.
Free-cash-flow growth
-6.6%
Latest one-year free-cash-flow growth.
Piotroski F-score
6/9
Nine-point accounting-strength checklist.

Shareholder return and balance sheet

Cash returned to owners and financial leverage.

Dividend yield
2.0%
Cash dividends relative to market value.
Buyback yield
0.2%
Net share repurchases relative to market value.
Shareholder yield
2.2%
Dividend yield plus net buyback yield.
Net debt / EBITDA
5.5x
Balance-sheet debt relative to operating cash earnings.
05 · Ownership, options, and sentiment

What other market participants are doing

Options, insider transactions, market sentiment, and activity-pressure signals can confirm or challenge the price story. None should be used alone.

Options positioningBullish

TRP shows bullish options pressure with a 45/100 conviction score, put-call volume ratio of 0.39, expected move of 2.9%, and Sharemaestro trend signal active.

Conviction45/100
Expected move2.9%
Put/call volume0.39
Pressure52
Speculation43
Volatility39
Trend agreement36
Open options detail
Insider activity-

No recent insider transactions are stored for this company.

News sentiment59/100

Weighted news tone is positive across 58 relevant articles.

25 positive · 29 neutral · 4 negative
Patient CapitalQuiet

Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.

No recent buy signal
06 · Catalysts and risk

What can move the shares—and how volatile the path has been

Event timing, options-implied movement, drawdown, and weekly return distribution frame the risk around the current setup.

Next earnings30 JulLatest stored earnings date was 30 Jul 2026.
Options expected move2.9%Nearest-chain priced movement where available.
52-week drawdown-10.8%Distance below the 52-week high.
13-week volatility3.9%Standard deviation of weekly returns.

Weekly gains and losses

Latest 26 completed weeks

Each bar is one week. Gains rise above the zero line; losses fall below it. Taller bars mean a larger weekly move.

Weeks higher15 of 2611 weeks finished lower.
Best week+6.3%Week of 1 May.
Worst week-6.2%Week of 7 Aug.
Latest week-6.2%Week of 7 Aug.

Shape of recent returns

Strong gains3
Modest gains12
Flat weeks0
Modest losses7
Sharp losses4
Recent vol3.9%13-week weekly-return volatility.
Base vol3.1%52-week weekly-return volatility.
Up/down split32/20Count of positive and negative weeks in the 52-week window.
Average skew2.5% / -2.5%Average positive week versus average negative week.
07 · Sector and peer context

Is this stock leading—or simply moving with its group?

Sector and industry breadth distinguish company-specific strength from a broad group move.

08 · Evidence and weekly data

The underlying research record

Every top-level statement above should be traceable to a stored market, fundamental, event, or positioning observation.

Weekly tape62/100

Trend, activity pressure, participation, and risk combine to a 62/100 tape read.

 Indicator analysis66/100

Latest 12-week confirmation: trend 12/12, activity pressure 4/12, relative leadership 11/12.

Activity pressure 0.92; 17 reversal markers Next-Week ExpectancyPositive 57.35%

Next-week expectancy is positive with a 57.35% historical one-week setup read.

Adds short-term historical context without overriding trend, activity, or relative leadership. Factors66/100

O'Shaughnessy factor stack blends value, quality, momentum, and confidence.

Buyback Yield rank 39 SVQF46/100

Value and quality alignment from the Sharemaestro SVQF framework.

Composite rank 548.0 of 1018 Patient CapitalQuiet

Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.

No recent buy signal Options54/100

TRP shows bullish options pressure with a 45/100 conviction score, put-call volume ratio of 0.39, expected move of 2.9%, and Sharemaestro trend signal active.

Bullish · Call-side pressure · Expected move 2.9% Sentiment59/100

Weighted news tone is positive across 58 relevant articles.

TC Energy (TRP) Q2 2026 Earnings Call Transcript Insiders50/100

No recent insider transaction evidence is stored.

 Earnings30 Jul

Latest stored earnings date was 30 Jul 2026.
WeekCloseReturnTrend LineFair ValuePressureLeadershipVolumeTrend
7 Aug 202663.23 USD-6.2%64.30 USD44.66 USD-0.24-4.2814.8MOn
31 Jul 202667.43 USD-4.5%63.97 USD44.44 USD-0.155.809.7MOn
24 Jul 202670.59 USD1.2%63.57 USD44.18 USD-0.0912.3312.4MOn
17 Jul 202669.76 USD3.6%63.04 USD43.90 USD-0.1010.9414.7MOn
10 Jul 202667.33 USD1.3%62.48 USD43.64 USD-0.165.8813.7MOn
3 Jul 202666.47 USD-3.7%62.02 USD43.40 USD-0.066.3210.8MOn
26 Jun 202669.01 USD2.9%61.59 USD43.17 USD0.0813.1313.9MOn
19 Jun 202667.07 USD-2.4%61.08 USD42.93 USD-0.157.7912.2MOn
12 Jun 202668.75 USD1.0%60.60 USD42.69 USD0.0211.849.1MOn
5 Jun 202668.05 USD3.1%60.11 USD42.44 USD0.0411.6510.5MOn
29 May 202666.00 USD-6.0%59.55 USD42.21 USD-0.075.849.2MOn
22 May 202670.26 USD3.9%58.98 USD41.98 USD0.2214.4112.6MOn
15 May 202667.61 USD5.4%58.29 USD41.73 USD0.0311.3211.5MOn
8 May 202664.15 USD-2.7%57.71 USD41.49 USD-0.046.119.6MOn
How to use this report

This is a completed-week research summary. It explains the available evidence and its conflicts; it does not predict a guaranteed outcome or replace your own risk assessment. Fundamental figures may refer to an earlier financial reporting period, which is shown above.

Evidence context