What is Scotiabank's Forecast for TC Energy FY2027 Earnings?

Key Points

• Scotiabank raised its FY2027 EPS forecast for TC Energy to $3.00 (from $2.98) and maintains an Outperform rating, versus a market consensus full‑year estimate of $2.76.
• TC Energy beat Q1 EPS ($0.72 vs. $0.70) despite missing revenue estimates, approved a US$1.5 billion Columbia Gas expansion, and declared a quarterly dividend of $0.8775 (annualized $3.51) for a ~5.3% yield.

TC Energy Corporation (NYSE:TRP - Free Report) TSE: TRP - Research analysts at Scotiabank raised their FY2027 earnings per share (EPS) estimates for shares of TC Energy in a note issued to investors on Friday, May 1st. Scotiabank analyst R. Hope now anticipates that the pipeline company will earn $3.00 per share for the year, up from their previous forecast of $2.98. Scotiabank has a "Outperform" rating on the stock. The consensus estimate for TC Energy's current full-year earnings is $2.76 per share.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last posted its quarterly earnings results on Friday, May 1st. The pipeline company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.70 by $0.02. The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.20 billion. TC Energy had a return on equity of 10.77% and a net margin of 22.22%.During the same quarter in the previous year, the firm earned $0.95 EPS.

TRP has been the topic of a number of other reports. Wells Fargo & Company reaffirmed an "overweight" rating on shares of TC Energy in a research note on Monday, February 16th. Barclays restated an "overweight" rating on shares of TC Energy in a report on Friday, February 20th. Citigroup reiterated a "neutral" rating on shares of TC Energy in a report on Thursday, February 19th. Raymond James Financial upgraded TC Energy to a "hold" rating in a research report on Tuesday, February 17th. Finally, Morgan Stanley reissued an "overweight" rating on shares of TC Energy in a research note on Wednesday, January 28th. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $77.00.

TC Energy Trading Up 0.1%

Shares of TRP opened at $66.62 on Monday. The company has a current ratio of 0.63, a quick ratio of 0.56 and a debt-to-equity ratio of 1.66. TC Energy has a 12-month low of $46.29 and a 12-month high of $67.31. The firm has a 50-day moving average price of $63.11 and a 200 day moving average price of $57.83. The firm has a market capitalization of $69.40 billion, a P/E ratio of 28.91 and a beta of 0.67.

Hedge Funds Weigh In On TC Energy

Large investors have recently made changes to their positions in the stock. Wealthstar Advisors LLC increased its holdings in TC Energy by 1.5% in the 1st quarter. Wealthstar Advisors LLC now owns 11,465 shares of the pipeline company's stock valued at $718,000 after purchasing an additional 165 shares during the last quarter. Mesirow Financial Investment Management Inc. boosted its position in shares of TC Energy by 2.0% during the third quarter. Mesirow Financial Investment Management Inc. now owns 9,991 shares of the pipeline company's stock worth $544,000 after buying an additional 200 shares during the period. Gold Investment Management Ltd. boosted its position in shares of TC Energy by 2.0% during the fourth quarter. Gold Investment Management Ltd. now owns 9,964 shares of the pipeline company's stock worth $549,000 after buying an additional 200 shares during the period. Kingswood Wealth Advisors LLC grew its stake in shares of TC Energy by 2.8% in the third quarter. Kingswood Wealth Advisors LLC now owns 7,342 shares of the pipeline company's stock valued at $399,000 after buying an additional 202 shares in the last quarter. Finally, Kennebec Savings Bank grew its stake in shares of TC Energy by 2.1% in the fourth quarter. Kennebec Savings Bank now owns 9,854 shares of the pipeline company's stock valued at $542,000 after buying an additional 203 shares in the last quarter. 83.13% of the stock is currently owned by institutional investors and hedge funds.

TC Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be paid a $0.8775 dividend. This represents a $3.51 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Tuesday, June 30th. TC Energy's payout ratio is 109.57%.

Trending Headlines about TC Energy

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

• Positive Sentiment: Q1 results beat estimates and operations described as strong—TC Energy reported quarterly earnings above consensus and highlighted strong U.S. and Canada operations, plus seven delivery records across North America; the company also approved a US$1.5 billion Columbia Gas expansion project that could support future volume and revenue growth. Press Release
• Positive Sentiment: Multiple outlets confirm the beat—third-party coverage (Zacks, Reuters, Globe and Mail) notes EPS topped consensus and attributes the outperformance to robust North American operations, reinforcing the credibility of the beat. Zacks: Q1 Earnings
• Neutral Sentiment: Management released supplemental materials and hosted a conference call and slide deck — useful for investors who want detail on guidance, segment performance and capital allocation. Slide Deck / Press Release
• Negative Sentiment: Analyst downgrades/estimate cuts — US Capital Advisors lowered EPS forecasts for several quarters and trimmed FY2026/FY2027 numbers, which could weigh on near-term expectations and multiple expansion. (reported April 27)
• Negative Sentiment: Unusual options activity — a spike in put buying (large increase vs typical volume) suggests some investors are hedging or expressing bearish sentiment ahead of/after the report, potentially increasing short-term downside pressure.

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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