Q2 Earnings Forecast for TC Energy Issued By Zacks Research

TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP - Research analysts at Zacks Research reduced their Q2 2025 earnings per share (EPS) estimates for TC Energy in a report released on Wednesday, May 21st. Zacks Research analyst T. Saha now forecasts that the pipeline company will post earnings per share of $0.52 for the quarter, down from their prior estimate of $0.53. The consensus estimate for TC Energy's current full-year earnings is $2.63 per share. Zacks Research also issued estimates for TC Energy's Q3 2025 earnings at $0.55 EPS, Q4 2025 earnings at $0.71 EPS, FY2025 earnings at $2.44 EPS, Q3 2026 earnings at $0.62 EPS, Q4 2026 earnings at $0.76 EPS and FY2027 earnings at $2.74 EPS.

TRP has been the topic of several other research reports. CIBC upgraded TC Energy from a "neutral" rating to a "sector outperform" rating in a report on Friday, May 2nd. US Capital Advisors upgraded TC Energy from a "hold" rating to a "moderate buy" rating in a report on Monday, February 3rd. Citigroup initiated coverage on TC Energy in a research report on Friday, April 4th. They set a "neutral" rating on the stock. Wall Street Zen cut TC Energy from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. Finally, Royal Bank of Canada upped their price target on TC Energy from $71.00 to $74.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $62.00.

TC Energy Price Performance

TRP traded down $0.20 during trading on Monday, reaching $49.89. The stock had a trading volume of 1,243,177 shares, compared to its average volume of 2,500,992. The stock has a market cap of $51.86 billion, a PE ratio of 15.40, a PEG ratio of 4.34 and a beta of 0.78. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.23 and a current ratio of 0.55. TC Energy has a one year low of $37.07 and a one year high of $51.34. The business has a 50-day moving average of $48.76 and a 200-day moving average of $47.59.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last issued its quarterly earnings data on Thursday, May 1st. The pipeline company reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.70 by ($0.04). The business had revenue of $1.78 billion during the quarter, compared to analysts' expectations of $2.57 billion. TC Energy had a return on equity of 12.12% and a net margin of 29.40%. During the same quarter last year, the business posted $1.02 EPS.

Hedge Funds Weigh In On TC Energy

Several hedge funds and other institutional investors have recently modified their holdings of the company. BROOKFIELD Corp ON increased its stake in TC Energy by 31.6% in the 4th quarter. BROOKFIELD Corp ON now owns 1,890,168 shares of the pipeline company's stock worth $87,950,000 after buying an additional 454,011 shares in the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of TC Energy by 7.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 224,829 shares of the pipeline company's stock valued at $10,463,000 after acquiring an additional 16,334 shares in the last quarter. AXA S.A. raised its stake in TC Energy by 28.4% in the fourth quarter. AXA S.A. now owns 142,095 shares of the pipeline company's stock worth $6,612,000 after buying an additional 31,441 shares in the last quarter. Cinctive Capital Management LP grew its holdings in TC Energy by 12.3% in the fourth quarter. Cinctive Capital Management LP now owns 194,133 shares of the pipeline company's stock worth $9,042,000 after purchasing an additional 21,243 shares during the last quarter. Finally, Guardian Partners Inc. purchased a new position in TC Energy in the fourth quarter worth $8,614,000. 83.13% of the stock is owned by institutional investors.

TC Energy Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be issued a dividend of $0.6142 per share. The ex-dividend date is Monday, June 30th. This represents a $2.46 annualized dividend and a dividend yield of 4.93%. TC Energy's payout ratio is 77.89%.

About TC Energy

TC Energy Corporation operates as an energy infrastructure company in North America. It operates through five segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; Liquids Pipelines; and Power and Energy Solutions. The company builds and operates a network of 93,600 kilometers of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses.