US Capital Advisors Boosts Earnings Estimates for TC Energy

TC Energy Corporation (NYSE:TRP) (TSE:TRP) – US Capital Advisors upped their Q2 2026 EPS estimates for TC Energy in a note issued to investors on Wednesday, July 29th. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will post earnings of $0.60 per share for the quarter, up from their previous 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.

Several other equities research analysts also recently weighed in on TRP. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of TC Energy in a report on Tuesday, May 26th. The Goldman Sachs Group raised shares of TC Energy from a “sell” rating to a “neutral” rating and increased their price objective for the company from $53.00 to $62.00 in a research report on Monday, April 20th. Royal Bank Of Canada lifted their target price on shares of TC Energy from $92.00 to $95.00 and gave the stock an “outperform” rating in a research note on Monday, May 4th. Barclays reissued an “overweight” rating on shares of TC Energy in a research report on Thursday, July 16th. Finally, Scotiabank restated an “outperform” rating on shares of TC Energy in a research note on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $78.50.

TC Energy Trading Up 1.1%

Shares of NYSE:TRP opened at $68.00 on Friday. The business’s 50-day moving average is $68.45 and its 200 day moving average is $64.39. TC Energy has a 1 year low of $46.93 and a 1 year high of $71.47. The firm has a market capitalization of $70.86 billion, a P/E ratio of 29.52 and a beta of 0.66. 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 issued its quarterly earnings data on Thursday, July 30th. The pipeline company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.61 by $0.07. The firm had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.75 billion. TC Energy had a return on equity of 10.74% and a net margin of 22.22%.During the same quarter in the prior year, the business posted $0.82 EPS.

TC Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Tuesday, September 29th will be issued a $0.8775 dividend. The ex-dividend date of this dividend 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 is currently 107.39%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Massachusetts Financial Services Co. MA increased its holdings in TC Energy by 80.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 526,181 shares of the pipeline company’s stock worth $28,945,000 after buying an additional 234,594 shares during the period. Generali Asset Management SPA SGR lifted its stake in TC Energy by 261.0% during the 4th quarter. Generali Asset Management SPA SGR now owns 74,906 shares of the pipeline company’s stock valued at $4,121,000 after acquiring an additional 54,154 shares during the period. Vanguard Group Inc. boosted its holdings in shares of TC Energy by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 47,801,695 shares of the pipeline company’s stock valued at $2,632,200,000 after acquiring an additional 980,221 shares during the last quarter. Miller Howard Investments Inc. NY boosted its holdings in shares of TC Energy by 14.0% in the 1st quarter. Miller Howard Investments Inc. NY now owns 1,294,518 shares of the pipeline company’s stock valued at $81,037,000 after acquiring an additional 158,686 shares during the last quarter. Finally, BROOKFIELD Corp ON increased its stake in shares of TC Energy by 8.9% in the first quarter. BROOKFIELD Corp ON now owns 1,735,576 shares of the pipeline company’s stock worth $108,647,000 after acquiring an additional 141,556 shares during the period. 83.13% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories 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.