What is Scotiabank’s Forecast for TC Energy FY2026 Earnings?

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Equities researchers at Scotiabank decreased their FY2026 earnings estimates for TC Energy in a research report issued to clients and investors on Thursday, July 23rd. Scotiabank analyst R. Hope now forecasts that the company will post earnings of $3.75 per share for the year, down from their prior forecast of $3.83. Scotiabank currently has a “Sector Outperform” rating and a $105.00 target price on the stock. The consensus estimate for TC Energy’s current full-year earnings is $3.55 per share.

Several other brokerages have also commented on TRP. Morgan Stanley lowered TC Energy from an “overweight” rating to an “equal weight” rating and set a C$103.00 price objective for the company. in a report on Wednesday, June 10th. Raymond James Financial raised their target price on TC Energy from C$74.00 to C$78.00 in a research report on Monday, March 30th. Royal Bank Of Canada boosted their price target on TC Energy from C$92.00 to C$95.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Citigroup upped their price target on shares of TC Energy from C$86.00 to C$95.00 and gave the company a “neutral” rating in a research report on Tuesday, March 31st. Finally, Barclays increased their price objective on shares of TC Energy from C$92.00 to C$100.00 in a research note on Thursday, July 16th. Six equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$91.64.

TC Energy Price Performance

TSE TRP opened at C$99.59 on Friday. The business’s fifty day moving average price is C$96.22 and its 200-day moving average price is C$88.45. The stock has a market capitalization of C$103.75 billion, a price-to-earnings ratio of 31.22, a PEG ratio of 1.69 and a beta of 0.69. The company has a debt-to-equity ratio of 224.52, a current ratio of 0.65 and a quick ratio of 0.40. TC Energy has a 1-year low of C$64.04 and a 1-year high of C$100.18.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its earnings results on Friday, May 1st. The company reported C$0.99 EPS for the quarter. The business had revenue of C$3.86 billion during the quarter. TC Energy had a net margin of 21.83% and a return on equity of 12.53%.

Insider Buying and Selling at TC Energy

In related news, insider Yvonne Frame-Zawalykut sold 1,500 shares of TC Energy stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of C$98.39, for a total transaction of C$147,585.00. Also, Director Trevor Ebl sold 5,000 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of C$93.45, for a total value of C$467,250.00. 0.03% of the stock is owned by company insiders.

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.