TC Energy Q3 Earnings Forecast Cut by US Capital Advisors

Key Points

• US Capital Advisors lowered TC Energy’s Q3 2026 EPS forecast to $0.87 from $0.89, while maintaining a “Moderate Buy” rating. The firm estimates FY2026 earnings of $3.81 per share.
• TC Energy’s latest quarter included C$0.94 EPS and C$3.96 billion in revenue, with a 22.46% net margin and 13.07% return on equity.
• Analyst sentiment remains broadly positive: the stock carries a consensus “Moderate Buy” rating and a C$96.29 average price target, despite some downward revisions to future earnings estimates.

TC Energy Co. (TSE:TRP - Free Report) NYSE: TRP - Equities research analysts at US Capital Advisors lowered their Q3 2026 EPS estimates for TC Energy in a report issued on Tuesday, October 27th. US Capital Advisors analyst J. Carreker now forecasts that the company will post earnings of $0.87 per share for the quarter, down from their previous forecast of $0.89. US Capital Advisors has a "Moderate Buy" rating on the stock. 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 Q4 2026 earnings at $1.01 EPS, FY2026 earnings at $3.81 EPS and Q1 2027 earnings at $1.06 EPS.

TC Energy (TSE:TRP - Get Free Report) NYSE: TRP last announced its quarterly earnings data on Thursday, July 30th. The company reported C$0.94 earnings per share (EPS) for the quarter. The firm had revenue of C$3.96 billion for the quarter. TC Energy had a return on equity of 13.07% and a net margin of 22.46%.

Other equities analysts have also recently issued research reports about the stock. Barclays boosted their price target on shares of TC Energy from C$100.00 to C$102.00 and gave the company an "overweight" rating in a research report on Friday, July 31st. Jefferies Financial Group raised shares of TC Energy from a "hold" rating to a "buy" rating and raised their target price for the company from C$100.00 to C$102.00 in a research note on Tuesday, September 1st. ATB Cormark Capital Markets lifted their target price on shares of TC Energy from C$98.00 to C$100.00 and gave the company a "sector perform" rating in a report on Friday, July 31st. TD Securities raised TC Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 14th. Finally, The Goldman Sachs Group upgraded TC Energy from a "hold" rating to a "buy" rating and set a C$71.00 price target on the stock in a research note on Wednesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of C$96.29.

TC Energy Stock Performance

Shares of TSE:TRP opened at C$88.32 on Thursday. The company has a market cap of C$92.01 billion, a price-to-earnings ratio of 26.44, a price-to-earnings-growth ratio of 1.69 and a beta of 0.74. The company has a 50-day moving average price of C$85.79 and a 200-day moving average price of C$88.25. TC Energy has a 12 month low of C$69.41 and a 12 month high of C$100.18. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 229.63.

Trending Headlines about TC Energy

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

• Positive Sentiment: Scotiabank raised its FY2027 EPS forecast to C$4.00 from C$3.98, maintained a “Sector Outperform” rating, and set a C$105 price target. The revision supports the view that TC Energy’s regulated pipeline infrastructure can generate steady earnings growth.
• Neutral Sentiment: Recent coverage examined TC Energy’s latest gas pipeline infrastructure and natural gas pipeline system developments. The headlines point to continued strategic focus on pipeline capacity and infrastructure, but the supplied reports do not provide specific financial details or a quantified earnings impact. What Does TC Energy’s Latest Gas Pipeline Infrastructure Signal? What Does TC Energy’s Latest Natural Gas Pipeline System Signal?
• Negative Sentiment: US Capital Advisors lowered its forecasts across 2027 and 2028: Q3 2027 EPS was cut to $0.82 from $0.84, Q4 2027 to $0.97 from $1.00, FY2027 to $3.69 from $3.73, and FY2028 to $3.82 from $3.90. These downward revisions may weigh on the stock because they imply slightly softer future earnings, although the firm retained a “Moderate Buy” rating.

TC Energy Company Profile

We are a leader in North American energy infrastructure, spanning Canada, the U.S. and Mexico. For over 75 years, we have proudly connected the world to the energy it needs. Every day, we move more than 30 per cent of the natural gas used across the continent and connect LNG exports to global markets-powering communities and industries. Complemented by strategic ownership and low-risk investments in power generation, our infrastructure delivers affordable, reliable and sustainable energy across North America.

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