Q2 EPS Estimates for TC Energy Lifted by US Capital Advisors

TC Energy Corporation (NYSE:TRP) (TSE:TRP) – US Capital Advisors upped their Q2 2026 earnings estimates for TC Energy in a note issued to investors on Wednesday, July 29th. US Capital Advisors analyst J. Carreker now forecasts that the pipeline company will earn $0.60 per share for the quarter, up from their prior estimate of $0.53. The consensus estimate for TC Energy’s current full-year earnings is $2.74 per share. US Capital Advisors also issued estimates for TC Energy’s Q4 2026 earnings at $0.72 EPS.

Other analysts also recently issued research reports about the stock. The Goldman Sachs Group raised shares of TC Energy from a “sell” rating to a “neutral” rating and lifted their price target for the company from $53.00 to $62.00 in a research note on Monday, April 20th. Scotiabank restated an “outperform” rating on shares of TC Energy in a report on Tuesday, July 21st. TD Securities reaffirmed a “hold” rating on shares of TC Energy in a research report on Thursday, July 16th. Royal Bank Of Canada upped their target price on TC Energy from $92.00 to $95.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of TC Energy in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, TC Energy presently has an average rating of “Moderate Buy” and a consensus price target of $78.50.

TC Energy Price Performance

Shares of TRP stock opened at $68.00 on Friday. The company has a market capitalization of $70.86 billion, a P/E ratio of 29.52 and a beta of 0.66. The company’s 50-day simple moving average is $68.45 and its two-hundred day simple moving average is $64.39. TC Energy has a one year low of $46.93 and a one year high of $71.47. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.65 and a quick ratio of 0.57.

TC Energy (NYSE:TRP) (TSE:TRP) last announced its quarterly earnings data on Thursday, July 30th. The pipeline company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.07. TC Energy had a net margin of 22.22% and a return on equity of 10.74%. The company had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.75 billion. During the same quarter last year, the business posted $0.82 EPS.

TC Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Tuesday, September 29th will be paid a dividend of $0.8775 per share. The ex-dividend date is Tuesday, September 29th. This represents a $3.51 dividend on an annualized basis and a dividend yield of 5.2%. TC Energy’s dividend payout ratio (DPR) is currently 107.39%.

Hedge Funds Weigh In On TC Energy

Large investors have recently bought and sold shares of the business. Cardinal Capital Management Inc. boosted its position in TC Energy by 0.7% during the 2nd quarter. Cardinal Capital Management Inc. now owns 2,553,583 shares of the pipeline company’s stock valued at $168,773,000 after acquiring an additional 18,907 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in shares of TC Energy by 21.9% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 8,725 shares of the pipeline company’s stock worth $578,000 after purchasing an additional 1,570 shares during the last quarter. First Bank & Trust lifted its stake in shares of TC Energy by 1.4% during the 2nd quarter. First Bank & Trust now owns 60,843 shares of the pipeline company’s stock worth $4,033,000 after purchasing an additional 860 shares during the last quarter. Wealth Science Advisors LLC boosted its position in TC Energy by 19.3% during the second quarter. Wealth Science Advisors LLC now owns 4,719 shares of the pipeline company’s stock valued at $313,000 after purchasing an additional 764 shares in the last quarter. Finally, PensionDanmark Pensionsforsikringsaktieselskab grew its stake in TC Energy by 9.0% in the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 102,988 shares of the pipeline company’s stock valued at $6,818,000 after purchasing an additional 8,496 shares during the last quarter. Institutional investors own 83.13% of the company’s stock.

Key Headlines Impacting TC Energy

Here are the key news stories impacting TC Energy this week:

• Positive Sentiment: Second-quarter earnings exceeded expectations. TC Energy reported $0.94 in EPS, well above the $0.59 analyst consensus and up from $0.82 a year earlier. On an adjusted basis, Zacks reported EPS of $0.68 versus a $0.61 consensus and $0.59 last year. Net profit rose to approximately $987 million from $833 million, helped by strong North American operations. Reuters article Zacks article
• Positive Sentiment: Management raised confidence in its 2026 outlook. Solid execution and asset performance support the higher end of TC Energy’s full-year financial guidance, reducing concerns about near-term operating performance. TC Energy second-quarter results
• Positive Sentiment: Growth investment continued. TC Energy sanctioned $700 million of projects during the quarter, bringing 2026 announced growth projects to roughly $3 billion. The projects are characterized as low-risk and accretive, potentially supporting future cash flow and earnings. Financial Post article
• Positive Sentiment: Analyst earnings forecasts moved higher. US Capital Advisors raised its estimates for 2026, 2027 and 2028 EPS, including forecasts of $2.63, $2.76 and $2.83, respectively. RBC Capital also maintained its Buy rating. RBC Capital rating
• Positive Sentiment: The quarterly dividend was maintained at $0.8775 per share. The payment equates to approximately $3.51 annually and a yield of about 5.2%, reinforcing TRP’s appeal to income-oriented investors.
• Neutral Sentiment: TC Energy’s subsidiary reported 2.4 times earnings coverage on debt, suggesting a meaningful cushion for debt service, although the company remains relatively leveraged.

TC Energy Company Profile

TC Energy (NYSE: TRP) is a North American energy infrastructure company headquartered in Calgary, Alberta. Formerly known as TransCanada, the company rebranded as TC Energy to reflect its broad presence across Canada, the United States and Mexico. TC Energy develops, owns and operates a diversified portfolio of energy infrastructure assets that play a central role in the transportation and delivery of energy across the continent.

The company’s principal businesses include long‑distance natural gas transmission, liquids (crude oil) pipelines, natural gas storage and power generation.