US Capital Advisors Raises Earnings Estimates for TC Energy

Key Points

• US Capital Advisors raised TC Energy’s FY2026 EPS estimate to $3.89 from $3.71, above the broader consensus of $3.55, while maintaining a “Moderate Buy” rating.
• The firm projects FY2027 and FY2028 EPS of $3.73 and $3.90, respectively. Overall analyst sentiment remains mixed, with seven Buy ratings and eight Holds, producing an average rating of “Hold” and a C$94.64 price target.
• TC Energy reported quarterly EPS of C$0.94 and revenue of C$3.96 billion in its latest results. Shares opened at C$85.44, below their 50-day and 200-day moving averages of C$94.27 and C$90.51.

TC Energy Co. (TSE:TRP - Free Report) NYSE: TRP - Equities research analysts at US Capital Advisors upped their FY2026 EPS estimates for TC Energy in a research report issued on Thursday, August 20th. US Capital Advisors analyst J. Carreker now expects that the company will post earnings per share of $3.89 for the year, up from their previous forecast of $3.71. US Capital Advisors currently has a "Moderate Buy" rating on the stock. The consensus estimate for TC Energy's current full-year earnings is $3.55 per share. US Capital Advisors also issued estimates for TC Energy's Q1 2027 earnings at $1.05 EPS, Q2 2027 earnings at $0.84 EPS, Q3 2027 earnings at $0.84 EPS, Q4 2027 earnings at $1.00 EPS, FY2027 earnings at $3.73 EPS and FY2028 earnings at $3.90 EPS.

TC Energy (TSE:TRP - Get Free Report) NYSE: TRP last posted its quarterly earnings results on Thursday, July 30th. The company reported C$0.94 earnings per share (EPS) for the quarter. The company had revenue of C$3.96 billion during the quarter. TC Energy had a net margin of 22.46% and a return on equity of 13.07%.

Other equities analysts have also recently issued reports about the company. Morgan Stanley downgraded TC Energy from an "overweight" rating to an "equal weight" rating and set a C$103.00 target price on the stock. in a research report on Wednesday, June 10th. Barclays raised their price target on TC Energy from C$100.00 to C$102.00 and gave the company an "overweight" rating in a research report on Friday, July 31st. Royal Bank Of Canada lifted their price target on TC Energy from C$104.00 to C$106.00 and gave the stock an "outperform" rating in a research note on Friday, July 31st. BMO Capital Markets boosted their price objective on shares of TC Energy from C$94.00 to C$99.00 and gave the stock an "outperform" rating in a research report on Friday, July 31st. Finally, Canadian Imperial Bank of Commerce increased their price objective on shares of TC Energy from C$89.00 to C$94.00 in a research note on Monday, May 4th. Seven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of C$94.64.

TC Energy Stock Performance

TRP opened at C$85.44 on Monday. TC Energy has a 1-year low of C$69.41 and a 1-year high of C$100.18. The stock has a market cap of C$89.01 billion, a P/E ratio of 25.58, a P/E/G ratio of 1.69 and a beta of 0.72. The stock's 50 day simple moving average is C$94.27 and its 200 day simple moving average is C$90.51. The company has a debt-to-equity ratio of 229.63, a current ratio of 0.61 and a quick ratio of 0.40.

Insider Transactions at TC Energy

In related news, insider Yvonne Frame-Zawalykut sold 1,500 shares of the company's stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of C$98.39, for a total value of C$147,585.00. Insiders own 0.03% of the company's stock.

Trending Headlines about TC Energy

Here are the key news stories impacting TC Energy this week:

• Positive Sentiment: US Capital Advisors upgraded TC Energy, supporting sentiment toward the shares. The firm also raised its FY2026 EPS forecast to $3.89 from $3.71, although it retained a “Moderate Buy” rating. TC Energy Upgraded at US Capital Advisors
• Positive Sentiment: Scotiabank raised its FY2027 EPS estimate slightly to $3.99 from $3.98 and maintained a “Sector Outperform” rating with a C$105 price target, implying meaningful upside from recent trading levels. Scotiabank Comments on TC Energy’s FY2026 Earnings
• Neutral Sentiment: The analyst outlook remains mixed: US Capital Advisors’ FY2026 forecast of $3.89 is above the broader $3.55 consensus, but its FY2027 estimate of $3.73 is below its prior forecast. This creates uncertainty about the pace of earnings growth after 2026.
• Negative Sentiment: US Capital Advisors reduced EPS estimates across multiple periods, including Q1 2027 to $1.05 from $1.07, Q2 and Q3 2027 to $0.84, Q4 2027 to $1.00 from $1.04, FY2027 to $3.73 from $3.89, and FY2028 to $3.90 from $3.99. The breadth of the cuts may be weighing on the stock despite the rating upgrade.

About TC Energy

We are a leader in North American energy infrastructure, spanning Canada, the U.S. and Mexico. For over 75 years, we have proudly connected the world to the energy it needs. Every day, we move more than 30 per cent of the natural gas used across the continent and connect LNG exports to global markets-powering communities and industries. Complemented by strategic ownership and low-risk investments in power generation, our infrastructure delivers affordable, reliable and sustainable energy across North America.

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