National Bank Financial Forecasts TC Energy FY2026 Earnings

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Equities research analysts at National Bank Financial issued their FY2026 earnings per share (EPS) estimates for TC Energy in a research note issued to investors on Monday, January 6th. National Bank Financial analyst P. Kenny expects that the company will post earnings of $4.26 per share for the year. The consensus estimate for TC Energy’s current full-year earnings is $3.55 per share. National Bank Financial also issued estimates for TC Energy’s FY2027 earnings at $4.39 EPS.

TC Energy (TSE:TRP) (NYSE:TRP) last released its quarterly earnings results on Thursday, November 7th. The company reported C$1.03 earnings per share for the quarter, topping the consensus estimate of C$0.97 by C$0.06. The business had revenue of C$4.08 billion for the quarter, compared to analysts’ expectations of C$3.90 billion. TC Energy had a net margin of 21.38% and a return on equity of 10.68%.

A number of other brokerages have also commented on TRP. ATB Capital lifted their price target on TC Energy from C$64.00 to C$65.00 in a report on Friday, November 8th. National Bankshares boosted their price target on shares of TC Energy from C$70.00 to C$71.00 in a report on Wednesday, November 20th. Veritas upgraded shares of TC Energy to a “strong sell” rating in a report on Tuesday, October 8th. Jefferies Financial Group boosted their target price on shares of TC Energy from C$64.00 to C$65.00 in a research note on Wednesday, November 20th. Finally, JPMorgan Chase & Co. increased their target price on shares of TC Energy from C$70.00 to C$79.00 in a research report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$69.92.

TC Energy Price Performance

TC Energy stock opened at C$68.91 on Thursday. The stock has a market cap of C$71.67 billion, a P/E ratio of 20.82, a P/E/G ratio of 1.69 and a beta of 0.82. The company has a quick ratio of 0.40, a current ratio of 0.76 and a debt-to-equity ratio of 160.84. The company’s 50 day moving average price is C$67.52 and its two-hundred day moving average price is C$62.23. TC Energy has a 52 week low of C$43.83 and a 52 week high of C$70.32.

Insider Activity

In other TC Energy news, Director Alexander (Alex) Oehler acquired 6,540 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were bought at an average price of C$66.05 per share, for a total transaction of C$431,947.64. Also, Director Colin Lindley sold 3,194 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of C$68.70, for a total value of C$219,425.56. Following the completion of the transaction, the director now owns 697 shares in the company, valued at C$47,883.41. This represents a 82.09 % decrease in their ownership of the stock. Insiders have sold a total of 420,911 shares of company stock worth $28,259,105 over the last ninety days. Company insiders own 0.03% of the company’s stock.

TC Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be issued a dividend of $1.113 per share. This represents a $4.45 dividend on an annualized basis and a yield of 6.46%. The ex-dividend date is Tuesday, December 31st. This is a positive change from TC Energy’s previous quarterly dividend of $0.96. TC Energy’s payout ratio is presently 116.01%.

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.