Equities Analysts Issue Forecasts for TC Energy Q1 Earnings

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Analysts at US Capital Advisors lifted their Q1 2026 earnings per share (EPS) estimates for shares of TC Energy in a research report issued to clients and investors on Monday, March 23rd. US Capital Advisors analyst J. Carreker now anticipates that the company will post earnings of $0.98 per share for the quarter, up from their prior forecast of $0.97. The consensus estimate for TC Energy’s current full-year earnings is $3.55 per share. US Capital Advisors also issued estimates for TC Energy’s Q2 2026 earnings at $0.79 EPS, Q3 2026 earnings at $0.84 EPS, FY2026 earnings at $3.58 EPS and FY2028 earnings at $3.77 EPS.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its quarterly earnings data on Friday, February 13th. The company reported C$0.98 earnings per share for the quarter. The company had revenue of C$4.17 billion during the quarter. TC Energy had a return on equity of 12.80% and a net margin of 23.23%.

Other equities analysts have also issued research reports about the company. National Bank Financial lifted their price target on TC Energy from C$85.00 to C$86.00 and gave the stock a “hold” rating in a research report on Tuesday, February 17th. Royal Bank Of Canada increased their price objective on shares of TC Energy from C$84.00 to C$92.00 and gave the company an “outperform” rating in a research report on Tuesday, February 17th. Jefferies Financial Group raised their price objective on shares of TC Energy from C$80.00 to C$88.00 in a research note on Tuesday, February 17th. Canadian Imperial Bank of Commerce downgraded shares of TC Energy from an “outperform” rating to a “hold” rating and upped their target price for the stock from C$81.00 to C$85.00 in a research note on Tuesday, February 17th. Finally, ATB Cormark Capital Markets increased their price target on shares of TC Energy from C$73.00 to C$80.00 and gave the company a “sector perform” rating in a report on Tuesday, February 17th. Four research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of C$84.00.

TC Energy Trading Down 0.6%

TC Energy stock opened at C$88.23 on Wednesday. TC Energy has a 12 month low of C$62.17 and a 12 month high of C$89.68. The company has a market capitalization of C$91.83 billion, a price-to-earnings ratio of 26.98, a price-to-earnings-growth ratio of 1.69 and a beta of 0.83. The business’s fifty day simple moving average is C$83.86 and its two-hundred day simple moving average is C$77.60. The company has a current ratio of 0.63, a quick ratio of 0.40 and a debt-to-equity ratio of 223.25.

Insider Activity at TC Energy

In related news, insider Dawn Elizabeth De Lima sold 25,342 shares of the stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of C$88.73, for a total transaction of C$2,248,595.66. Following the sale, the insider directly owned 18,490 shares of the company’s stock, valued at C$1,640,617.70. This trade represents a 57.82% decrease in their ownership of the stock. 0.03% of the stock is owned by company insiders.

Key TC Energy News

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

• Positive Sentiment: US Capital Advisors raised several near‑ and mid‑term EPS forecasts for TC Energy (Q1→C$0.98, Q2→C$0.79, Q3→C$0.84) and lifted FY2026 to C$3.58 from C$3.47 — a modest upward revision that supports slightly stronger earnings expectations. Read More.
• Neutral Sentiment: Analyst coverage remains mixed: the consensus rating is still around “Hold” with an average target near C$84. Several firms have nudged targets higher recently (RBC, Jefferies, ATB Cormark, Raymond James), so upgrades are incremental rather than a large re‑rating. Read More.
• Negative Sentiment: Insider Dawn Elizabeth De Lima sold 25,342 shares on March 24 at ~C$88.73 (about C$2.25M), reducing her position by ~57.8%. That sizeable disposal can create near‑term selling pressure and raises questions for some investors despite being a disclosed, single transaction. Read More.

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.