Equities Analysts Issue Forecasts for TC Energy Q1 Earnings

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Equities research analysts at US Capital Advisors lowered their Q1 2026 earnings per share (EPS) estimates for shares of TC Energy in a research note issued to investors on Monday, February 2nd. US Capital Advisors analyst J. Carreker now anticipates that the company will post earnings of $0.97 per share for the quarter, down from their previous forecast of $0.99. The consensus estimate for TC Energy’s current full-year earnings is $3.55 per share. US Capital Advisors also issued estimates for TC Energy’s Q2 2026 earnings at $0.75 EPS, Q3 2026 earnings at $0.81 EPS and FY2027 earnings at $3.51 EPS.

TRP has been the topic of a number of other research reports. Scotiabank boosted their price objective on TC Energy from C$81.00 to C$86.00 in a research note on Friday, January 16th. Cibc World Mkts cut shares of TC Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. Cibc Captl Mkts upgraded shares of TC Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Royal Bank Of Canada lifted their price objective on shares of TC Energy from C$74.00 to C$84.00 in a research note on Friday, November 7th. Finally, National Bankshares increased their target price on shares of TC Energy from C$76.00 to C$85.00 and gave the company an “outperform” rating in a research note on Wednesday, December 17th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$80.60.

TC Energy Price Performance

Shares of TSE:TRP opened at C$81.98 on Thursday. The stock has a market cap of C$85.34 billion, a price-to-earnings ratio of 25.07, a PEG ratio of 1.69 and a beta of 0.86. The company has a debt-to-equity ratio of 237.62, a current ratio of 1.31 and a quick ratio of 0.40. TC Energy has a 12 month low of C$62.17 and a 12 month high of C$82.30. The stock’s 50 day moving average price is C$76.24 and its 200 day moving average price is C$73.34.

TC Energy (TSE:TRP) (NYSE:TRP) last issued its quarterly earnings results on Thursday, November 6th. The company reported C$0.77 earnings per share for the quarter. TC Energy had a net margin of 32.39% and a return on equity of 17.25%. The company had revenue of C$3.70 billion during the quarter.

Key Stories Impacting TC Energy

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

• Positive Sentiment: US Capital Advisors raised its FY2027 EPS view to $3.51 from $3.40, indicating a slightly improved longer‑term earnings outlook. MarketBeat note
• Positive Sentiment: The same US Capital Advisors update nudged Q4 2026 estimates up to $0.95 (from $0.94), a small positive revision for late‑year earnings momentum. MarketBeat note
• Positive Sentiment: Jefferies raised its price target on TRP from C$74.00 to C$80.00, a modest endorsement from Street coverage (though the new target is slightly below the current market level). BayStreet article
• Neutral Sentiment: Consensus full‑year EPS remains around C$3.55; US Capital Advisors’ revisions leave consensus largely intact for FY2026/FY2027 in the aggregate. MarketBeat consensus
• Negative Sentiment: US Capital Advisors lowered several near‑term estimates: Q1 2026 to $0.97 (from $0.99), Q2 2026 to $0.75 (from $0.77), Q3 2026 to $0.81 (from $0.82), and trimmed FY2025 and FY2026 forecasts. Multiple quarter cuts signal near‑term earnings pressure and are a headwind for sentiment. MarketBeat note

About TC Energy

TC Energy Corp operates as an energy infrastructure company, consisting of pipeline and power generation assets in Canada, the United States, and Mexico. Its pipeline network consists of over 92,600 kilometers (57,500 miles) of natural gas pipeline, along with 4,900 kilometers (3,000) miles) from the Keystone Pipeline system. The company also owns or has interests in 11 power-generation facilities with a capacity of 6,600 megawatts.