Research Analysts Set Expectations for TC Energy Q4 Earnings

Key Points

• Zacks Research has increased its Q4 2025 earnings per share (EPS) estimate for TC Energy to $0.65, up from a previous forecast of $0.64.
• TC Energy is expected to pay a quarterly dividend of $0.6148 per share, reflecting a 4.5% annual yield and an increase from the previous dividend of $0.61.
• The company reported Q2 earnings of $0.59 per share, exceeding consensus estimates, despite revenue falling short of analyst expectations.

TC Energy Corporation (NYSE:TRP - Free Report) TSE: TRP - Equities research analysts at Zacks Research boosted their Q4 2025 EPS estimates for TC Energy in a report released on Monday, October 6th. Zacks Research analyst Team now anticipates that the pipeline company will earn $0.65 per share for the quarter, up from their previous forecast of $0.64. The consensus estimate for TC Energy's current full-year earnings is $2.63 per share. Zacks Research also issued estimates for TC Energy's Q4 2026 earnings at $0.72 EPS, FY2026 earnings at $2.64 EPS, Q1 2027 earnings at $0.73 EPS and FY2027 earnings at $2.67 EPS.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last announced its earnings results on Thursday, July 31st. The pipeline company reported $0.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.56 by $0.03. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $2.56 billion. TC Energy had a net margin of 28.98% and a return on equity of 11.22%. During the same period last year, the firm posted $0.79 earnings per share.

A number of other brokerages have also issued reports on TRP. Weiss Ratings restated a "buy (b-)" rating on shares of TC Energy in a research report on Saturday, September 27th. Barclays reissued an "overweight" rating on shares of TC Energy in a research note on Thursday, August 14th. Wall Street Zen cut shares of TC Energy from a "hold" rating to a "sell" rating in a research note on Friday, October 3rd. Finally, US Capital Advisors cut shares of TC Energy from a "moderate buy" rating to a "hold" rating in a research note on Thursday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, TC Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $62.00.

TC Energy Stock Performance

Shares of TRP opened at $54.67 on Wednesday. The company has a current ratio of 0.61, a quick ratio of 0.54 and a debt-to-equity ratio of 1.54. The firm has a market cap of $56.87 billion, a PE ratio of 18.66, a price-to-earnings-growth ratio of 5.22 and a beta of 0.75. The company's 50 day simple moving average is $51.68 and its 200-day simple moving average is $49.70. TC Energy has a 12-month low of $43.51 and a 12-month high of $55.37.

TC Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 29th will be given a dividend of $0.6148 per share. This represents a $2.46 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Monday, September 29th. This is an increase from TC Energy's previous quarterly dividend of $0.61. TC Energy's payout ratio is presently 84.30%.

Institutional Investors Weigh In On TC Energy

Several institutional investors have recently made changes to their positions in TRP. Assenagon Asset Management S.A. boosted its position in shares of TC Energy by 1.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 31,511 shares of the pipeline company's stock worth $1,714,000 after buying an additional 324 shares in the last quarter. HF Advisory Group LLC boosted its position in shares of TC Energy by 9.6% in the 3rd quarter. HF Advisory Group LLC now owns 72,335 shares of the pipeline company's stock worth $3,936,000 after buying an additional 6,315 shares in the last quarter. Cardinal Capital Management Inc. boosted its position in shares of TC Energy by 0.7% in the 3rd quarter. Cardinal Capital Management Inc. now owns 2,496,017 shares of the pipeline company's stock worth $135,800,000 after buying an additional 17,465 shares in the last quarter. Corient Private Wealth LLC boosted its position in shares of TC Energy by 6.7% in the 2nd quarter. Corient Private Wealth LLC now owns 31,708 shares of the pipeline company's stock worth $1,547,000 after buying an additional 1,984 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its position in shares of TC Energy by 14.9% in the 2nd quarter. Osaic Holdings Inc. now owns 98,741 shares of the pipeline company's stock worth $4,802,000 after buying an additional 12,827 shares in the last quarter. 83.13% of the stock is currently owned by hedge funds and other institutional investors.

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.

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