Equities Analysts Issue Forecasts for TC Energy Q2 Earnings

TC Energy Corporation (NYSE:TRP) (TSE:TRP) – Equities research analysts at US Capital Advisors boosted their Q2 2026 earnings per share (EPS) estimates for shares of TC Energy in a research note issued to investors on Monday, March 23rd. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will post earnings of $0.57 per share for the quarter, up from their previous forecast of $0.55. The consensus estimate for TC Energy’s current full-year earnings is $2.63 per share. US Capital Advisors also issued estimates for TC Energy’s Q3 2026 earnings at $0.62 EPS, Q4 2026 earnings at $0.71 EPS, FY2026 earnings at $2.61 EPS, Q1 2027 earnings at $0.76 EPS, Q2 2027 earnings at $0.61 EPS, Q3 2027 earnings at $0.62 EPS, Q4 2027 earnings at $0.71 EPS and FY2027 earnings at $2.70 EPS.

A number of other equities research analysts also recently weighed in on the company. Weiss Ratings restated a “buy (b-)” rating on shares of TC Energy in a research report on Monday, December 29th. TD Securities downgraded shares of TC Energy from a “buy” rating to a “hold” rating in a report on Tuesday, February 17th. Citigroup reaffirmed a “neutral” rating on shares of TC Energy in a research note on Thursday, February 19th. BMO Capital Markets reiterated an “outperform” rating on shares of TC Energy in a report on Tuesday, February 17th. Finally, Morgan Stanley reissued an “overweight” rating on shares of TC Energy in a research note on Wednesday, January 28th. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, TC Energy currently has an average rating of “Hold” and a consensus target price of $72.50.

TC Energy Trading Up 0.2%

Shares of NYSE:TRP opened at $64.18 on Tuesday. The company has a 50 day moving average of $61.12 and a 200-day moving average of $56.09. The company has a current ratio of 0.63, a quick ratio of 0.56 and a debt-to-equity ratio of 1.66. The firm has a market cap of $66.82 billion, a P/E ratio of 27.62 and a beta of 0.72. TC Energy has a twelve month low of $43.59 and a twelve month high of $65.57.

TC Energy (NYSE:TRP) (TSE:TRP) last issued its quarterly earnings data on Friday, February 13th. The pipeline company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.05. The business had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.94 billion. TC Energy had a net margin of 23.04% and a return on equity of 10.52%. During the same period in the previous year, the business earned $1.05 earnings per share.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Pacifica Partners Inc. boosted its stake in TC Energy by 14.0% in the 3rd quarter. Pacifica Partners Inc. now owns 1,625 shares of the pipeline company’s stock worth $87,000 after purchasing an additional 200 shares during the period. Mesirow Financial Investment Management Inc. raised its stake in TC Energy by 2.0% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 9,991 shares of the pipeline company’s stock valued at $544,000 after purchasing an additional 200 shares during the period. Gold Investment Management Ltd. lifted its holdings in shares of TC Energy by 2.0% in the fourth quarter. Gold Investment Management Ltd. now owns 9,964 shares of the pipeline company’s stock valued at $549,000 after purchasing an additional 200 shares in the last quarter. Kingswood Wealth Advisors LLC boosted its position in shares of TC Energy by 2.8% in the third quarter. Kingswood Wealth Advisors LLC now owns 7,342 shares of the pipeline company’s stock worth $399,000 after buying an additional 202 shares during the period. Finally, Kennebec Savings Bank boosted its position in shares of TC Energy by 2.1% in the fourth quarter. Kennebec Savings Bank now owns 9,854 shares of the pipeline company’s stock worth $542,000 after buying an additional 203 shares during the period. 83.13% of the stock is owned by hedge funds and other institutional investors.

TC Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.8775 per share. This is a boost from TC Energy’s previous quarterly dividend of $0.85. This represents a $3.51 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend is Tuesday, March 31st. TC Energy’s payout ratio is currently 106.90%.

Key Headlines Impacting TC Energy

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

• Positive Sentiment: Coastal GasLink commercial agreements with LNG Canada advance the pipeline’s second phase — this strengthens project backing for additional LNG volumes, supports future contracted cash flows and de-risks the growth pipeline that underpins long‑term earnings. TC Energy inks new deals for GasLink expansion
• Positive Sentiment: US Capital Advisors raised earnings forecasts across multiple periods (FY2026, FY2027, FY2028 and several quarterly estimates), including FY2028 to $2.75 vs. consensus ~$2.63 — analyst upgrades signal improving fundamentals/visibility and can support multiple expansion or reduced downside risk versus prior expectations.
• Neutral Sentiment: Industry dividend coverage piece highlights TRP as a dividend-heavy, defensive energy name alongside peers — reinforces the stock’s appeal for income-focused investors, though it’s more of a positioning/flow driver than a catalyst for material re-rating. 3 Large Energy Dividend Stocks to Ride Out Oil Price Swings

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.