Q4 Earnings Estimate for TC Energy Issued By Zacks Research

TC Energy Corporation (NYSE:TRP) (TSE:TRP) – Investment analysts at Zacks Research raised their Q4 2025 earnings per share (EPS) estimates for TC Energy in a research note issued to investors on Monday, October 6th. Zacks Research analyst Team now forecasts that the pipeline company will post earnings of $0.65 per share for the quarter, up from their previous forecast of $0.64. 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 Q4 2026 earnings at $0.72 EPS, FY2026 earnings at $2.64 EPS, Q1 2027 earnings at $0.73 EPS and FY2027 earnings at $2.67 EPS.

TC Energy (NYSE:TRP) (TSE:TRP) last announced its earnings results on Thursday, July 31st. The pipeline company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.03. TC Energy had a return on equity of 11.22% and a net margin of 28.98%.The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the previous year, the business earned $0.79 earnings per share.

A number of other brokerages have also issued reports on TRP. Barclays reiterated an “overweight” rating on shares of TC Energy in a report on Thursday, August 14th. US Capital Advisors lowered TC Energy from a “moderate buy” rating to a “hold” rating in a report on Thursday, August 21st. Wall Street Zen lowered TC Energy from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of TC Energy in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $62.00.

TC Energy Stock Down 0.8%

Shares of NYSE TRP opened at $54.24 on Wednesday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.54 and a current ratio of 0.61. The firm has a market capitalization of $56.42 billion, a price-to-earnings ratio of 18.51, a PEG ratio of 5.12 and a beta of 0.75. The stock has a 50 day moving average price of $51.82 and a 200 day moving average price of $49.73. TC Energy has a 52-week low of $43.51 and a 52-week high of $55.37.

TC Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 29th will be paid a $0.6148 dividend. This represents a $2.46 dividend on an annualized basis and a yield of 4.5%. This is a positive change from TC Energy’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Monday, September 29th. TC Energy’s payout ratio is presently 84.30%.

Hedge Funds Weigh In On TC Energy

A number of large investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. increased its position in shares of TC Energy by 2,565.1% during the first quarter. Goldman Sachs Group Inc. now owns 16,306,187 shares of the pipeline company’s stock worth $769,815,000 after purchasing an additional 15,694,336 shares in the last quarter. Norges Bank acquired a new position in shares of TC Energy during the second quarter worth $493,434,000. Bank of Nova Scotia increased its position in shares of TC Energy by 80.3% during the first quarter. Bank of Nova Scotia now owns 16,983,443 shares of the pipeline company’s stock worth $802,164,000 after purchasing an additional 7,562,887 shares in the last quarter. Canada Pension Plan Investment Board increased its position in shares of TC Energy by 34.2% during the first quarter. Canada Pension Plan Investment Board now owns 19,808,558 shares of the pipeline company’s stock worth $935,627,000 after purchasing an additional 5,053,228 shares in the last quarter. Finally, Deutsche Bank AG increased its position in shares of TC Energy by 175.1% during the first quarter. Deutsche Bank AG now owns 5,758,203 shares of the pipeline company’s stock worth $271,845,000 after purchasing an additional 3,664,862 shares in the last quarter. Institutional investors own 83.13% of the company’s stock.

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.