TRP (TC Energy) Total Operating Expense: $619 Mil (TTM As of Mar. 2026)


TRP TC Energy Corp TRP
71 GF Score
Price $65.23
GF Value $51.86
Valuation Modestly Overvalued
! 12 Warning Signs
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What is TC Energy Total Operating Expense?

TC Energy TRP -1.60% 71 Total Operating Expense is $619 Mil as of Mar. 2026. GuruFocus rates TRP with a GF Score™ of 71/100 and a GF Value™ of $51.86 (Modestly Overvalued). The stock has 12 warning signs investors should review.

TC Energy's Total Operating Expense for the three months ended in Mar. 2026 was $141 Mil. TC Energy's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was $619 Mil.

TC Energy Total Operating Expense Related Terms

TC Energy Total Operating Expense Historical Data

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The historical data trend for TC Energy's Total Operating Expense 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 Total Operating Expense Chart

TC Energy Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 604.69 535.15 582.14 575.56 638.64

TC Energy Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Operating Expense 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 156.03 159.50 155.41 162.38 141.40
TRP
71GF Score
TC Energy Corp TRP
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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TC Energy Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $619 Mil.

* 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.

What does a Total Operating Expense of $619 Mil mean?
TC Energy (TRP) has a Total Operating Expense of $619 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on TC Energy and its competitors.
Is TC Energy's Total Operating Expense too high?
TC Energy's current Total Operating Expense is $619 Mil. Overall, TC Energy has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TC Energy's Total Operating Expense compare to WMB and EPD?
TC Energy's Total Operating Expense of $619 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 Total Operating Expense for an Oil & Gas company?
A good Total Operating Expense depends on the Oil & Gas industry context. However, Total Operating Expense 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 Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on TC Energy and its competitors. TC Energy's current Total Operating Expense is $619 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 Modestly Overvalued. The stock's GF Value™ is $51.86, compared to a current price of $65.23 — trading 25.8% above its estimated fair value. The current Total Operating Expense is $619 Mil. TC Energy's overall GF Score™ is 71/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For TC Energy (TRP), the current Total Operating Expense is $619 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 $65.23 is trading 25.8% above its estimated GF Value™ of $51.86. GuruFocus considers TC Energy to be Modestly Overvalued.

Key valuation signals for TRP:

  • Total Operating Expense: $619 Mil
  • GF Value™: $51.86 vs. price of $65.23 (25.8% above fair value)
  • GF Score™: 71/100 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.
71GF Score

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Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$65.23
Price
$51.86
GF Value