TC Energy (TSE:TRP) Posts Earnings Results

TC Energy (TSE:TRP) (NYSE:TRP) posted its quarterly earnings results on Thursday. The company reported C$0.94 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$4.03 billion for the quarter. TC Energy had a return on equity of 13.07% and a net margin of 22.46%.

TC Energy Price Performance

TRP opened at C$87.72 on Friday. The business’s 50-day moving average is C$86.12 and its two-hundred day moving average is C$88.65. TC Energy has a 1 year low of C$70.14 and a 1 year high of C$100.18. The company has a debt-to-equity ratio of 229.63, a current ratio of 0.61 and a quick ratio of 0.40. The firm has a market capitalization of C$91.38 billion, a PE ratio of 26.26, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82.

TC Energy News Summary

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

• Positive Sentiment: TC Energy reported comparable Q3 EPS of C$0.94, above the C$0.88 FactSet estimate, with results supported by strength in its gas pipeline business. The company also reported C$4.03 billion in quarterly revenue. Earnings estimate comparison Q3 results and gas pipeline performance
• Positive Sentiment: The company raised its outlook for 2026 after Q3 profit increased from a year earlier, signaling improved expectations for the year. TC Energy raises annual outlook
• Positive Sentiment: TC Energy unveiled C$2.2 billion in new growth projects, adding to potential longer-term expansion opportunities. New growth projects
• Neutral Sentiment: A separate article compares TC Energy with Enbridge as pipeline-stock candidates for 2027; the headline alone does not indicate a clear catalyst for TC Energy. Enbridge versus TC Energy comparison

Wall Street Analyst Weigh In

TRP has been the topic of several recent research reports. BMO Capital Markets increased their target price on shares of TC Energy from C$94.00 to C$99.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Scotiabank set a C$105.00 price target on shares of TC Energy and gave the stock a “sector outperform” rating in a research report on Tuesday, September 22nd. TD upgraded shares of TC Energy from a “hold” rating to a “buy” rating and set a C$102.00 price objective on the stock in a research note on Tuesday, September 15th. Jefferies Financial Group raised shares of TC Energy from a “hold” rating to a “buy” rating and boosted their price objective for the stock from C$100.00 to C$102.00 in a research note on Tuesday, September 1st. Finally, Barclays boosted their price objective on shares of TC Energy from C$100.00 to C$102.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$96.29.

TC Energy Company Profile

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.