TC Energy (TRP) Set to Post Quarterly Earnings on Thursday

Key Points

• TC Energy is expected to report Q3 2026 results before market open on November 5. Analysts forecast earnings of $0.63 per share on revenue of $2.79 billion.
• In the prior quarter, TC Energy earned $0.68 per share, exceeding consensus by $0.07, while revenue reached $2.80 billion versus estimates of $2.76 billion.
• Analysts maintain a generally positive view, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $93.75, compared with a recent price of $63.08.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP will likely be announcing its Q3 2026 results before the market opens on Thursday, November 5th. Analysts expect the company to post earnings of $0.63 per share and revenue of $2.79 billion for the quarter. Individuals can check the company's upcoming Q3 2026 earnings summary page for the latest details on the call scheduled for Thursday, November 5, 2026 at 8:30 AM ET.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last issued its quarterly earnings results on Thursday, July 30th. The pipeline company reported $0.68 earnings per share for the quarter, topping analysts' consensus estimates of $0.61 by $0.07. TC Energy had a return on equity of 11.10% and a net margin of 22.91%. The company had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same quarter in the prior year, the company posted $0.82 EPS. On average, analysts expect TC Energy to post $2.80 EPS for the current fiscal year and $2.92 EPS for the next fiscal year.

TC Energy Price Performance

TRP stock opened at $63.08 on Thursday. The stock has a market capitalization of $63.08 billion, a price-to-earnings ratio of 26.18 and a beta of 0.70. The company has a quick ratio of 0.54, a current ratio of 0.61 and a debt-to-equity ratio of 1.64. TC Energy has a 52-week low of $49.27 and a 52-week high of $71.47. The stock's fifty day simple moving average is $61.21 and its 200-day simple moving average is $63.53.

Analysts Set New Price Targets

Several research firms recently weighed in on TRP. The Goldman Sachs Group upgraded TC Energy from a "neutral" rating to a "buy" rating and set a $71.00 target price on the stock in a research report on Wednesday, September 30th. TD raised TC Energy to a "buy" rating in a research note on Tuesday, September 15th. Canadian Imperial Bank of Commerce set a $99.00 price target on TC Energy in a report on Thursday, October 22nd. BMO Capital Markets restated an "outperform" rating and issued a $99.00 price target on shares of TC Energy in a report on Friday, July 31st. Finally, Scotiabank reaffirmed an "outperform" rating on shares of TC Energy in a research note on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, TC Energy presently has an average rating of "Moderate Buy" and an average target price of $93.75.

About TC Energy

TC Energy Corporation NYSE: TRP is a North American energy infrastructure company that develops and operates natural gas pipelines, storage facilities, power-generation assets and related energy infrastructure. Its natural gas pipeline network connects major supply basins with utilities, power producers, industrial customers and local distribution companies.

The company's operations are primarily located in Canada and the United States, with additional natural gas pipeline interests in Mexico.

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