FY2026 Earnings Estimate for TC Energy Issued By Scotiabank

TC Energy Corporation (NYSE:TRP) (TSE:TRP) – Stock analysts at Scotiabank dropped their FY2026 earnings estimates for shares of TC Energy in a note issued to investors on Friday, September 25th. Scotiabank analyst R. Hope now anticipates that the pipeline company will post earnings of $2.70 per share for the year, down from their prior forecast of $2.76. Scotiabank currently has a “Outperform” rating on the stock. The consensus estimate for TC Energy’s current full-year earnings is $2.78 per share. Scotiabank also issued estimates for TC Energy’s FY2027 earnings at $2.82 EPS.

TC Energy (NYSE:TRP) (TSE:TRP) last issued its earnings results on Thursday, July 30th. The pipeline company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.07. The firm had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.76 billion. TC Energy had a net margin of 22.91% and a return on equity of 11.10%. During the same period last year, the firm posted $0.82 earnings per share.

Other equities research analysts also recently issued reports about the company. Royal Bank Of Canada reaffirmed a “moderate buy” rating and set a $106.00 target price on shares of TC Energy in a report on Friday, September 11th. US Capital Advisors upgraded TC Energy from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 20th. Morgan Stanley lowered shares of TC Energy from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, June 10th. Jefferies Financial Group upgraded shares of TC Energy from a “hold” rating to a “buy” rating in a report on Tuesday, September 1st. Finally, TD Securities raised shares of TC Energy from a “hold” rating to a “buy” rating in a research report on Monday, September 14th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, TC Energy presently has a consensus rating of “Moderate Buy” and an average target price of $89.00.

TC Energy Stock Performance

TRP opened at $58.29 on Tuesday. The company has a quick ratio of 0.54, a current ratio of 0.61 and a debt-to-equity ratio of 1.64. The firm has a market cap of $58.29 billion, a PE ratio of 24.19 and a beta of 0.66. The business has a fifty day simple moving average of $63.25 and a 200-day simple moving average of $65.10. TC Energy has a fifty-two week low of $49.27 and a fifty-two week high of $71.47.

TC Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Tuesday, September 29th will be given a dividend of C$0.88 per share. The ex-dividend date is Tuesday, September 29th. This represents a $3.51 dividend on an annualized basis and a yield of 6.0%. TC Energy’s dividend payout ratio (DPR) is presently 102.49%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TRP. Canada Pension Plan Investment Board acquired a new position in TC Energy in the second quarter worth approximately $1,148,244,000. GQG Partners LLC acquired a new stake in TC Energy in the second quarter valued at approximately $1,107,936,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in TC Energy in the second quarter valued at approximately $977,976,000. Norges Bank bought a new stake in TC Energy in the fourth quarter worth approximately $583,732,000. Finally, Legal & General Group Plc bought a new stake in TC Energy in the second quarter worth approximately $519,612,000. Institutional investors and hedge funds 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: Coastal GasLink Phase 2 approved: TC Energy will proceed with the expansion after LNG Canada and its joint-venture partners reached a positive final investment decision on the LNG Canada expansion. The project should increase pipeline capacity, allow more Canadian natural gas to reach global LNG markets and potentially support long-term cash-flow growth. Reuters article
• Positive Sentiment: Natural-gas demand remains a potential growth driver: An analyst article highlights rising U.S. natural-gas demand from data centers and other customers, along with TC Energy’s pipeline and storage projects. The company’s dividend yield and expected EBITDA growth could support investor interest, although these are longer-term considerations rather than new corporate announcements. Seeking Alpha article
• Neutral Sentiment: Analyst remains constructive: Scotiabank retained its “Outperform” rating on TC Energy, indicating continued confidence in the shares despite reducing its earnings forecasts. Scotiabank forecast article
• Negative Sentiment: Lower earnings estimates: Scotiabank cut its FY2026 EPS forecast to $2.70 from $2.76 and its FY2027 forecast to $2.82 from $2.89. The FY2026 estimate is also below the broader consensus of $2.79, creating a modest negative earnings-revision signal. MarketBeat analyst estimates

TC Energy Company Profile

TC Energy Corporation is an energy infrastructure company that develops and operates natural gas pipeline, storage and power-generation assets. Its pipeline network transports natural gas from producing regions to utilities, industrial customers, power generators and export markets, while its storage facilities help support seasonal and daily demand.

The company’s operations are concentrated in Canada, the United States and Mexico. Its major systems include the Canadian Mainline, which connects Western Canadian natural gas supplies with markets in Eastern Canada and the United States, as well as U.S.