Scotiabank Comments on TC Energy’s FY2026 Earnings (TSE:TRP)

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Scotiabank cut their FY2026 earnings per share estimates for TC Energy in a report issued on Tuesday, July 7th. Scotiabank analyst R. Hope now anticipates that the company will earn $3.83 per share for the year, down from their previous forecast of $3.86. The consensus estimate for TC Energy’s current full-year earnings is $3.55 per share.

Other equities research analysts have also recently issued reports about the company. ATB Cormark Capital Markets upped their price target on TC Energy from C$82.00 to C$87.00 and gave the company a “sector perform” rating in a research report on Monday, May 4th. National Bank Financial boosted their price objective on shares of TC Energy from C$92.00 to C$102.00 in a research note on Monday, June 1st. Raymond James Financial increased their target price on shares of TC Energy from C$74.00 to C$78.00 in a research note on Monday, March 30th. Barclays boosted their price target on shares of TC Energy from C$88.00 to C$92.00 in a research report on Monday, May 4th. Finally, TD set a C$98.00 price target on shares of TC Energy and gave the stock a “hold” rating in a report on Thursday, June 25th. Six investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, TC Energy has an average rating of “Hold” and a consensus price target of C$89.86.

TC Energy Stock Performance

Shares of TRP opened at C$97.68 on Wednesday. TC Energy has a 52-week low of C$63.34 and a 52-week high of C$100.18. The stock’s 50-day simple moving average is C$94.26 and its 200 day simple moving average is C$86.58. The company has a debt-to-equity ratio of 224.52, a quick ratio of 0.40 and a current ratio of 0.65. The stock has a market capitalization of C$101.76 billion, a price-to-earnings ratio of 30.62, a price-to-earnings-growth ratio of 1.69 and a beta of 0.69.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its quarterly earnings results on Friday, May 1st. The company reported C$0.99 earnings per share for the quarter. TC Energy had a return on equity of 12.53% and a net margin of 21.83%.The company had revenue of C$3.86 billion during the quarter.

Insiders Place Their Bets

In other TC Energy news, Director Trevor Ebl sold 5,000 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of C$93.45, for a total transaction of C$467,250.00. Also, insider Yvonne Frame-Zawalykut sold 1,500 shares of the stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of C$98.39, for a total value of C$147,585.00. 0.03% of the stock is owned by corporate insiders.

TC Energy Company Profile

TC Energy Corp operates as an energy infrastructure company, consisting of pipeline and power generation assets in Canada, the United States, and Mexico. Its pipeline network consists of over 92,600 kilometers (57,500 miles) of natural gas pipeline, along with 4,900 kilometers (3,000) miles) from the Keystone Pipeline system. The company also owns or has interests in 11 power-generation facilities with a capacity of 6,600 megawatts.