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

Key Points

• Scotiabank raised its FY2026 EPS estimate for TC Energy to $3.81, up from $3.78 and above the broader consensus estimate of $3.55. The firm maintained a “Sector Outperform” rating and a $105 price target.
• Analyst sentiment is mixed: TC Energy has a consensus “Hold” rating and a C$94.64 target price, based on seven Buy ratings and eight Holds.
• TC Energy shares opened at C$87.01, while the company recently reported quarterly EPS of C$0.94 on revenue of C$3.96 billion.

TC Energy Co. (TSE:TRP - Free Report) NYSE: TRP - Equities researchers at Scotiabank increased their FY2026 earnings per share estimates for shares of TC Energy in a research report issued on Wednesday, August 19th. Scotiabank analyst R. Hope now anticipates that the company will post earnings per share of $3.81 for the year, up from their prior estimate of $3.78. Scotiabank currently has a "Sector Outperform" rating and a $105.00 price objective on the stock. The consensus estimate for TC Energy's current full-year earnings is $3.55 per share.

Several other equities research analysts have also issued reports on the stock. Canadian Imperial Bank of Commerce boosted their price target on shares of TC Energy from C$89.00 to C$94.00 in a report on Monday, May 4th. Barclays lifted their target price on shares of 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. Morgan Stanley lowered shares of TC Energy from an "overweight" rating to an "equal weight" rating and set a C$103.00 price target for the company. in a research report on Wednesday, June 10th. US Capital Advisors raised TC Energy from a "hold" rating to a "moderate buy" rating in a report on Thursday. Finally, ATB Cormark Capital Markets lifted their price objective on TC Energy from C$98.00 to C$100.00 and gave the company a "sector perform" rating in a report on Friday, July 31st. Seven research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, TC Energy currently has a consensus rating of "Hold" and a consensus target price of C$94.64.

TC Energy Stock Up 1.0%

Shares of TRP stock opened at C$87.01 on Friday. TC Energy has a one year low of C$69.41 and a one year high of C$100.18. The company has a debt-to-equity ratio of 229.63, a current ratio of 0.61 and a quick ratio of 0.40. The stock has a fifty day moving average price of C$94.50 and a 200 day moving average price of C$90.47. The stock has a market cap of C$90.64 billion, a P/E ratio of 26.05, a price-to-earnings-growth ratio of 1.69 and a beta of 0.72.

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

Insider Activity at TC Energy

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

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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