US Capital Advisors Lifts Earnings Estimates for TC Energy

TC Energy Corporation (NYSE:TRP) (TSE:TRP) – Equities researchers at US Capital Advisors upped their Q2 2026 EPS estimates for TC Energy in a research report issued on Monday, March 23rd. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will post earnings per share of $0.57 for the quarter, up from their previous forecast of $0.55. The consensus estimate for TC Energy’s current full-year earnings is $2.63 per share. US Capital Advisors also issued estimates for TC Energy’s Q3 2026 earnings at $0.62 EPS, Q4 2026 earnings at $0.71 EPS, FY2026 earnings at $2.61 EPS, Q1 2027 earnings at $0.76 EPS, Q2 2027 earnings at $0.61 EPS, Q3 2027 earnings at $0.62 EPS, Q4 2027 earnings at $0.71 EPS and FY2027 earnings at $2.70 EPS.

Several other research firms also recently weighed in on TRP. Citigroup reiterated a “neutral” rating on shares of TC Energy in a research report on Thursday, February 19th. Morgan Stanley reissued an “overweight” rating on shares of TC Energy in a research report on Wednesday, January 28th. Royal Bank Of Canada upped their target price on shares of TC Energy from $84.00 to $92.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 17th. Wall Street Zen raised shares of TC Energy from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Finally, Canadian Imperial Bank of Commerce downgraded shares of TC Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Seven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, TC Energy currently has an average rating of “Hold” and an average target price of $72.50.

TC Energy Price Performance

Shares of TRP stock opened at $63.91 on Tuesday. The stock has a 50 day moving average price of $60.74 and a 200 day moving average price of $55.94. TC Energy has a 52-week low of $43.59 and a 52-week high of $65.57. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.56 and a current ratio of 0.63. The firm has a market capitalization of $66.55 billion, a P/E ratio of 27.50 and a beta of 0.72.

TC Energy (NYSE:TRP) (TSE:TRP) last released its earnings results on Friday, February 13th. The pipeline company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.05. TC Energy had a return on equity of 10.52% and a net margin of 23.04%.The firm had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the prior year, the firm posted $1.05 earnings per share.

Institutional Trading of TC Energy

Hedge funds have recently bought and sold shares of the stock. Campbell & CO Investment Adviser LLC bought a new stake in TC Energy during the third quarter valued at about $1,391,000. Advisors Asset Management Inc. grew its position in shares of TC Energy by 38.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 88,140 shares of the pipeline company’s stock worth $4,796,000 after buying an additional 24,617 shares during the last quarter. Norges Bank bought a new position in shares of TC Energy during the 2nd quarter worth approximately $493,434,000. Citigroup Inc. grew its holdings in TC Energy by 19.2% in the third quarter. Citigroup Inc. now owns 378,086 shares of the pipeline company’s stock worth $20,562,000 after purchasing an additional 61,013 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of TC Energy by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 46,821,474 shares of the pipeline company’s stock valued at $2,545,777,000 after purchasing an additional 914,168 shares during the last quarter. Hedge funds and other institutional investors own 83.13% of the company’s stock.

TC Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, March 31st will be issued a dividend of $0.8775 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This is a positive change from TC Energy’s previous quarterly dividend of $0.85. This represents a $3.51 annualized dividend and a yield of 5.5%. TC Energy’s dividend payout ratio is 110.78%.

Key Headlines Impacting TC Energy

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

• Positive Sentiment: US Capital Advisors raised multiple quarterly and annual EPS forecasts for TRP, increasing FY2026 to $2.61 (from $2.54) and FY2027 to $2.70 (from $2.56), and lifting quarter-level estimates for Q2–Q4 2026 and Q1–Q4 2027. These revisions improve the company’s near‑term earnings trajectory versus the prior view and sit at/above consensus in some cases.
• Positive Sentiment: US Capital Advisors specifically bumped several quarter forecasts (Q2 2026 to $0.57, Q3 2026 to $0.62, Q4 2026 to $0.71; Q1 2027 to $0.76, etc.), signaling steady, incremental upside to quarterly EPS expectations.
• Positive Sentiment: TC Energy CEO said the Iran war–related disruption to global LNG supplies makes a second phase of the LNG Canada project more likely — a bullish development for long‑term volumes and cash flow if the project advances. Iran war makes second phase of LNG Canada more likely, TC Energy CEO says
• Positive Sentiment: Industry coverage echoed management’s view that global turmoil increases the near‑term value of Canadian LNG projects, supporting the company’s strategic case for advancing LNG Canada expansion. TC Energy bets global turmoil makes Canadian LNG too valuable to delay

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.