The first key reason to invest here is asset quality and stability. This firm moves over 25–30% of North American gas for utilities, power plants, industrial customers and LNG export terminals under long‑term contracts. This footprint generates predominantly regulated or contracted cash flows.
The company also features a strong combination of dividend income and visible growth. The high yield is supported by a long record of 20+ years of annual dividend increases and management’s stated intention to keep growing the payout.
You also get exposure to the ongoing role of natural gas in power generation, industrial feedstock and LNG exports as the energy system transitions, but without the commodity price volatility of producers because earnings are largely toll‑based.
TC Energy Inc. (Symbol TRP on Toronto; www.tcenergy.com) generates steady cash flow for investors through a 93,700-kilometre pipeline network that pumps natural gas from Alberta to eastern Canada and the U.S. It also owns gas pipelines in Mexico, and owns or invests in seven power plants in Canada and the U.S.
In November 2024, the company completed the 670-kilometre Coastal GasLink pipeline, which pumps natural gas from northeastern B.C. to a new liquefied natural gas (called LNG Canada) facility in Kitimat, B.C. From there, tankers carry the LNG to markets in Asia. TC owns 35% of Coastal GasLink and operates it.
The company and its partners have signed a new agreement with LNG Canada that could more than double Coastal GasLink’s line capacity from 2.1 billion cubic feet per day to 5 billion cubic feet. That would let LNG Canada proceed with its plan to add a second phase to the facility. It will make a final decision later this year.
TC has not yet announced how much this new project would cost. However, LNG Canada would cover most of the construction costs.
What’s more, global demand for LNG has sharply risen over the last year—more recently spurred by the war in Iran and air strikes on Qatar’s LNG facilities. Canada’s natural gas and LNG exports are increasingly attractive to Asian and other global markets. Those customers aim to sidestep the kind of political instability now gripping the Middle East.
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TC Energy aims to capitalize on data centre demand
The company opened the $3.8 billion U.S. Southeast Gateway pipeline in May 2025. This 715-kilometre offshore pipeline pumps natural gas from existing lines in southeast Mexico.
TC expects that the project and the company’s other operations in Mexico will eventually account for about 10% of its total earnings.
Going forward, TC now plans to spend $27.7 billion on new projects and upgrades through 2031.
This includes looking to capitalize on the soaring electricity demand from U.S. datacentres. (Those facilities house the computing power for AI and other applications.) For instance, TC has proposed an expansion to its Columbia Gas Transmission system to serve an area of Ohio that’s
seeing significant datacentre development.
The company has raised its dividend each year between 2000 and 2023. However, in 2024, it cut the quarterly payment by 14.3% after the spinoff of its oil pipeline business as South Bow Corp. (Toronto symbol SOBO).
In 2025, TC raised your quarterly dividend by 3.3% and then increased it again with the April 30, 2026, payment. Investors now receive $0.8775 a share, up 3.2% from $0.85. The new annual rate of $3.51 yields a solid 3.9%.
Beyond 2026, TC plans to raise your dividend by 3% to 5% annually. The TSI Dividend Sustainability Rating for TC Energy remains Highest.
Recommendation in Canadian Wealth Advisor: TC Energy Inc. is a buy.
