TRP (TC Energy) Long-Term Debt: $42,392 Mil (As of Mar. 2026)


TRP TC Energy Corp TRP
66 GF Score
Price $68.80
GF Value $51.75
Valuation Significantly Overvalued
! 12 Warning Signs
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What is TC Energy Long-Term Debt?

TC Energy TRP +2.76% 66 Long-Term Debt is $42,392 Mil as of Mar. 2026. GuruFocus rates TRP with a GF Score™ of 66/100 and a GF Value™ of $51.75 (Significantly Overvalued). The stock has 12 warning signs investors should review.

TC Energy's Long-Term Debt for the quarter that ended in Mar. 2026 was $42,392 Mil.

TC Energy's quarterly Long-Term Debt increased from Sep. 2025 ($40,554 Mil) to Dec. 2025 ($41,647 Mil) and increased from Dec. 2025 ($41,647 Mil) to Mar. 2026 ($42,392 Mil).

TC Energy's annual Long-Term Debt declined from Dec. 2023 ($44,919 Mil) to Dec. 2024 ($39,323 Mil) but then increased from Dec. 2024 ($39,323 Mil) to Dec. 2025 ($41,647 Mil).

TC Energy  (NYSE:TRP) Long-Term Debt Explanation

Long-Term Debt is the sum of the carrying values as of the balance sheet date of all long-term debt, which is debt initially having maturities due after one year or beyond the operating cycle, if longer, but excluding the portions thereof scheduled to be repaid within one year or the normal operating cycle, if longer. Long-Term Debt includes notes payable, bonds payable, mortgage loans, convertible debt, subordinated debt and other types of long term debt.

TC Energy Long-Term Debt Related Terms

TC Energy Long-Term Debt Historical Data

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The historical data trend for TC Energy's Long-Term Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

TC Energy Long-Term Debt Chart

TC Energy Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Long-Term Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only 36,156.25 36,908.36 44,918.75 39,323.37 41,646.97

TC Energy Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Long-Term Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 40,394.26 39,427.86 40,553.71 41,646.97 42,392.13
TRP
66GF Score
TC Energy Corp TRP
Long-Term Debt is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Long-Term Debt →
What does a Long-Term Debt of $42,392 Mil mean?
TC Energy (TRP) has a Long-Term Debt of $42,392 Mil as of Mar. 2026.
Is TC Energy's Long-Term Debt too high?
TC Energy's current Long-Term Debt is $42,392 Mil. Overall, TC Energy has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TC Energy's Long-Term Debt compare to WMB and EPD?
TC Energy's Long-Term Debt of $42,392 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Long-Term Debt for an Oil & Gas company?
A good Long-Term Debt depends on the Oil & Gas industry context. However, Long-Term Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Long-Term Debt mean?
A high Long-Term Debt can signal that a stock is expensive relative to its fundamentals. TC Energy's current Long-Term Debt is $42,392 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TC Energy stock overvalued right now?
Based on GuruFocus' analysis, TC Energy (TRP) is currently considered Significantly Overvalued. The stock's GF Value™ is $51.75, compared to a current price of $68.80 — trading 32.9% above its estimated fair value. The current Long-Term Debt is $42,392 Mil. TC Energy's overall GF Score™ is 66/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Long-Term Debt calculated?
Long-Term Debt is calculated from a company's financial statements. For TC Energy (TRP), the current Long-Term Debt is $42,392 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is TC Energy (TRP) Overvalued in 2026?

Based on GuruFocus' analysis, TC Energy stock appears to be overvalued. The current stock price of $68.80 is trading 32.9% above its estimated GF Value™ of $51.75. GuruFocus considers TC Energy to be Significantly Overvalued.

Key valuation signals for TRP:

  • Long-Term Debt: $42,392 Mil
  • GF Value™: $51.75 vs. price of $68.80 (32.9% above fair value)
  • GF Score™: 66/100 with 12 warning signs

No single metric tells the full story. See the TRP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

TC Energy Business Description

Industry EnergyOil & Gas
Address 450 - 1 Street S.W, TC Energy Tower, Calgary, AB, CAN, T2P 5H1
TC Energy operates natural gas transmission assets across North America. Segments are determined by country of operation, but both Canadian and US operations are interconnected. Mexican operations are disconnected from the US and only have one customer, the state utility CFE. They also operate power generation assets, with the largest being the Bruce Power nuclear plant.
66GF Score

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Long-Term Debt is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$68.80
Price
$51.75
GF Value