Q2 Earnings Forecast for TC Energy Issued By Zacks Research

TC Energy Co. (TSE:TRP - Free Report) NYSE: TRP - Zacks Research boosted their Q2 2026 earnings estimates for shares of TC Energy in a research note issued to investors on Tuesday, June 3rd. Zacks Research analyst T. Saha now forecasts that the company will post earnings of $1.00 per share for the quarter, up from their prior forecast of $0.98. The consensus estimate for TC Energy's current full-year earnings is $3.55 per share. Zacks Research also issued estimates for TC Energy's FY2026 earnings at $3.76 EPS and FY2027 earnings at $3.64 EPS.

A number of other analysts also recently issued reports on the company. Citigroup upgraded TC Energy to a "hold" rating in a research report on Friday, April 4th. Scotiabank raised their target price on shares of TC Energy from C$75.00 to C$77.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Cibc World Mkts upgraded shares of TC Energy from a "hold" rating to a "strong-buy" rating in a report on Friday, May 2nd. TD Securities increased their price objective on shares of TC Energy from C$74.00 to C$76.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Finally, Royal Bank of Canada boosted their target price on TC Energy from C$71.00 to C$74.00 in a research report on Tuesday, February 18th. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of C$74.17.

TC Energy Trading Down 1.0%

TSE TRP traded down C$0.72 during trading hours on Thursday, hitting C$69.48. 6,629,051 shares of the company were exchanged, compared to its average volume of 5,713,382. The stock has a market cap of C$71.65 billion, a PE ratio of 13.82, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. TC Energy has a 52 week low of C$46.07 and a 52 week high of C$71.12. The stock has a 50-day moving average price of C$68.31 and a 200 day moving average price of C$67.53. The company has a quick ratio of 0.40, a current ratio of 1.31 and a debt-to-equity ratio of 237.62.

TC Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be issued a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 4.89%. TC Energy's dividend payout ratio is currently 76.37%.

Insider Transactions at TC Energy

In other news, Director Joshua Gibbon bought 600 shares of TC Energy stock in a transaction on Wednesday, March 19th. The stock was acquired at an average cost of C$69.15 per share, for a total transaction of C$41,492.88. Also, Director Alexandra M. Costello sold 6,159 shares of the stock in a transaction dated Monday, May 26th. The shares were sold at an average price of C$69.55, for a total transaction of C$428,378.77. In the last quarter, insiders acquired 17,887 shares of company stock valued at $1,231,890 and sold 140,361 shares valued at $9,745,446. Corporate insiders own 0.03% of the company's stock.

About TC Energy

TC Energy Corporation operates as an energy infrastructure company in North America. It operates through five segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; Liquids Pipelines; and Power and Energy Solutions. The company builds and operates a network of 93,600 kilometers of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses.