What is Scotiabank's Estimate for TC Energy FY2026 Earnings?

Key Points

• Scotiabank raised its FY2026 EPS estimate for TC Energy to $2.69 from $2.66, while maintaining an “Outperform” rating. The estimate remains slightly below the $2.73 analyst consensus.
• TC Energy’s latest quarterly results exceeded expectations, with EPS of $0.68 versus the $0.61 consensus and revenue of $2.80 billion versus $2.76 billion expected.
• The company declared a quarterly dividend of $0.8775, equivalent to an annualized $3.51 payout and a 5.5% yield; its payout ratio stands at 102.49%.

TC Energy Corporation (NYSE:TRP - Free Report) TSE: TRP - Stock analysts at Scotiabank raised their FY2026 EPS estimates for shares of TC Energy in a report issued on Tuesday, August 4th. Scotiabank analyst R. Hope now anticipates that the pipeline company will post earnings per share of $2.69 for the year, up from their previous estimate of $2.66. Scotiabank has a "Outperform" rating on the stock. The consensus estimate for TC Energy's current full-year earnings is $2.73 per share.

A number of other equities research analysts have also issued reports on the company. TD Securities reaffirmed a "hold" rating on shares of TC Energy in a research note on Thursday, July 16th. The Goldman Sachs Group raised TC Energy from a "sell" rating to a "neutral" rating and raised their price target for the stock from $53.00 to $62.00 in a research report on Monday, April 20th. Weiss Ratings reissued a "buy (b)" rating on shares of TC Energy in a report on Friday, July 31st. Barclays restated an "overweight" rating on shares of TC Energy in a research report on Thursday, July 16th. Finally, Morgan Stanley lowered TC Energy from an "overweight" rating to an "equal weight" rating in a research note on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $89.00.

TC Energy Trading Up 0.0%

Shares of TRP opened at $63.86 on Friday. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.61 and a quick ratio of 0.54. The firm has a 50 day simple moving average of $68.04 and a 200-day simple moving average of $64.77. TC Energy has a 1-year low of $49.27 and a 1-year high of $71.47. The stock has a market cap of $66.54 billion, a price-to-earnings ratio of 26.50 and a beta of 0.66.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of TC Energy in the fourth quarter valued at $25,000. Sterling Capital Management LLC purchased a new position in TC Energy during the first quarter worth about $26,000. McIlrath & Eck LLC purchased a new position in TC Energy during the fourth quarter worth about $32,000. SWAN Capital LLC purchased a new position in TC Energy during the third quarter worth about $40,000. Finally, Glen Eagle Advisors LLC acquired a new stake in TC Energy in the 4th quarter worth about $44,000. Hedge funds and other institutional investors own 83.13% of the company's stock.

TC Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Tuesday, September 29th will be issued a $0.8775 dividend. The ex-dividend date is Tuesday, September 29th. This represents a $3.51 annualized dividend and a yield of 5.5%. TC Energy's payout ratio is 102.49%.

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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