Research Analysts Set Expectations for TC Energy Q3 Earnings

Key Points

• US Capital Advisors raised its Q3 2026 EPS forecast for TC Energy to $0.64 from $0.61, while projecting $0.77 for Q4 and $2.80 for full-year 2026. The company previously exceeded quarterly expectations, reporting $0.68 EPS versus the $0.61 consensus.
• Analyst sentiment remains broadly positive, with TC Energy carrying a “Moderate Buy” consensus rating and an average price target of $89.00, despite Morgan Stanley recently downgrading the stock to “equal weight.”
• TC Energy declared a quarterly dividend of $0.8775 per share, equivalent to $3.51 annually and a 5.6% yield. Institutional investors own 83.13% of the company, and several funds recently increased their positions.

TC Energy Corporation (NYSE:TRP - Free Report) TSE: TRP - Investment analysts at US Capital Advisors upped their Q3 2026 earnings estimates for TC Energy in a research note issued to investors on Thursday, August 20th. US Capital Advisors analyst J. Carreker now forecasts that the pipeline company will earn $0.64 per share for the quarter, up from their previous forecast of $0.61. The consensus estimate for TC Energy's current full-year earnings is $2.75 per share. US Capital Advisors also issued estimates for TC Energy's Q4 2026 earnings at $0.77 EPS and FY2026 earnings at $2.80 EPS.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last posted its earnings results on Thursday, July 30th. The pipeline company reported $0.68 EPS for the quarter, topping analysts' consensus estimates of $0.61 by $0.07. The business had revenue of $2.80 billion for the quarter, compared to analysts' expectations of $2.76 billion. TC Energy had a return on equity of 11.10% and a net margin of 22.91%.During the same quarter in the previous year, the firm earned $0.82 earnings per share.

Other equities analysts have also recently issued reports about the stock. Barclays reaffirmed an "overweight" rating on shares of TC Energy in a report on Thursday, July 16th. TD Securities reiterated a "hold" rating on shares of TC Energy in a research note on Thursday, July 16th. Canadian Imperial Bank of Commerce restated an "outperform" rating on shares of TC Energy in a research report on Tuesday, May 26th. Weiss Ratings reiterated a "buy (b)" rating on shares of TC Energy in a research note on Friday, July 31st. Finally, Morgan Stanley cut TC Energy from an "overweight" rating to an "equal weight" rating in a research note on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $89.00.

TC Energy Trading Up 1.1%

NYSE:TRP opened at $63.07 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.61 and a debt-to-equity ratio of 1.64. The company has a market capitalization of $65.72 billion, a PE ratio of 26.17 and a beta of 0.66. The stock's 50 day moving average price is $67.09 and its 200 day moving average price is $65.26. TC Energy has a 52-week low of $49.27 and a 52-week high of $71.47.

Institutional Investors Weigh In On TC Energy

A number of hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its stake in shares of TC Energy by 54.0% during the 1st quarter. AQR Capital Management LLC now owns 11,099 shares of the pipeline company's stock worth $538,000 after buying an additional 3,892 shares in the last quarter. Focus Partners Wealth boosted its stake in shares of TC Energy by 46.1% in the first quarter. Focus Partners Wealth now owns 12,446 shares of the pipeline company's stock valued at $588,000 after buying an additional 3,929 shares in the last quarter. Intech Investment Management LLC grew its holdings in TC Energy by 200.7% during the first quarter. Intech Investment Management LLC now owns 26,878 shares of the pipeline company's stock worth $1,269,000 after acquiring an additional 17,939 shares during the period. EverSource Wealth Advisors LLC grew its holdings in TC Energy by 50.5% during the second quarter. EverSource Wealth Advisors LLC now owns 3,706 shares of the pipeline company's stock worth $181,000 after acquiring an additional 1,243 shares during the period. Finally, Guggenheim Capital LLC raised its position in TC Energy by 9.9% in the second quarter. Guggenheim Capital LLC now owns 16,758 shares of the pipeline company's stock worth $818,000 after acquiring an additional 1,511 shares in the last quarter. Institutional investors and hedge funds own 83.13% of the company's stock.

TC Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Tuesday, September 29th will be issued a dividend of $0.8775 per share. This represents a $3.51 annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend is Tuesday, September 29th. TC Energy's dividend payout ratio is currently 103.73%.

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.

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