TC Energy (TRP) to Release Quarterly Earnings on Friday

Key Points

• TC Energy will release its Q1 2026 results before the open on Friday, May 1 at 8:30 AM ET; analysts expect $0.74 EPS on about $2.18 billion in revenue.
• The company raised its quarterly dividend to $0.8775 (annualized $3.51), implying a 5.8% yield with an ex-dividend date of March 31, though the payout ratio is high at 108.62%.
• Analysts assign a consensus "Moderate Buy" and a $77 price target; the stock trades near $60.90, with a market cap of $63.44 billion and a P/E of 26.2.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP is projected to issue its Q1 2026 results before the market opens on Friday, May 1st. Analysts expect the company to announce earnings of $0.74 per share and revenue of $2.1802 billion for the quarter. Parties can check the company's upcoming Q1 2026 earning summary page for the latest details on the call scheduled for Friday, May 1, 2026 at 8:30 AM ET.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last announced its earnings results on Friday, February 13th. The pipeline company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.65 by $0.05. The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.94 billion. TC Energy had a net margin of 23.04% and a return on equity of 10.52%. During the same quarter in the prior year, the company posted $1.05 earnings per share. On average, analysts expect TC Energy to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

TC Energy Stock Performance

Shares of TRP stock opened at $60.90 on Friday. The firm has a 50-day moving average of $63.02 and a 200-day moving average of $57.42. The company has a market cap of $63.44 billion, a P/E ratio of 26.20 and a beta of 0.69. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.63 and a quick ratio of 0.56. TC Energy has a one year low of $46.29 and a one year high of $65.57.

TC Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, March 31st will be issued a $0.8775 dividend. This is an increase from TC Energy's previous quarterly dividend of $0.85. This represents a $3.51 annualized dividend and a dividend yield of 5.8%. The ex-dividend date is Tuesday, March 31st. TC Energy's dividend payout ratio is currently 108.62%.

Analysts Set New Price Targets

TRP has been the subject of several analyst reports. Wells Fargo & Company reiterated an "overweight" rating on shares of TC Energy in a report on Monday, February 16th. Scotiabank restated an "outperform" rating on shares of TC Energy in a report on Tuesday, February 17th. Weiss Ratings upgraded shares of TC Energy from a "buy (b)" rating to a "buy (b+)" rating in a report on Tuesday. National Bank Financial downgraded shares of TC Energy from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 17th. Finally, BMO Capital Markets restated an "outperform" rating on shares of TC Energy in a report on Tuesday, February 17th. Eight investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $77.00.

Institutional Trading of TC Energy

A number of large investors have recently added to or reduced their stakes in the stock. Arax Advisory Partners increased its holdings in TC Energy by 7.9% during the fourth quarter. Arax Advisory Partners now owns 3,029 shares of the pipeline company's stock worth $167,000 after buying an additional 221 shares during the last quarter. Ewing Morris & Co. Investment Partners Ltd. boosted its position in TC Energy by 0.6% during the second quarter. Ewing Morris & Co. Investment Partners Ltd. now owns 37,962 shares of the pipeline company's stock worth $1,873,000 after purchasing an additional 234 shares during the period. Private Advisor Group LLC boosted its position in TC Energy by 1.7% during the third quarter. Private Advisor Group LLC now owns 14,391 shares of the pipeline company's stock worth $783,000 after purchasing an additional 235 shares during the period. Cresset Asset Management LLC boosted its position in TC Energy by 5.6% during the third quarter. Cresset Asset Management LLC now owns 4,662 shares of the pipeline company's stock worth $256,000 after purchasing an additional 246 shares during the period. Finally, Allworth Financial LP boosted its position in TC Energy by 16.4% during the third quarter. Allworth Financial LP now owns 2,151 shares of the pipeline company's stock worth $117,000 after purchasing an additional 303 shares during the period. Hedge funds and other institutional investors own 83.13% of the company's stock.

About TC Energy

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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