TC Energy (TSE:TRP) Announces Earnings Results

TC Energy (TSE:TRP) (NYSE:TRP) issued its quarterly earnings results on Thursday. The company reported C$0.94 EPS for the quarter, FiscalAI reports. TC Energy had a net margin of 21.83% and a return on equity of 12.53%. The firm had revenue of C$3.96 billion for the quarter.

TC Energy Stock Performance

TC Energy stock opened at C$95.31 on Friday. TC Energy has a fifty-two week low of C$64.91 and a fifty-two week high of C$100.18. The firm’s 50 day simple moving average is C$96.19 and its 200-day simple moving average is C$89.13. The company has a debt-to-equity ratio of 224.52, a current ratio of 0.65 and a quick ratio of 0.40. The company has a market cap of C$99.29 billion, a P/E ratio of 29.88, a price-to-earnings-growth ratio of 1.69 and a beta of 0.69.

Analyst Upgrades and Downgrades

TRP has been the topic of several recent research reports. The Goldman Sachs Group raised shares of TC Energy from a “sell” rating to a “hold” rating and set a C$62.00 price objective on the stock in a research note on Sunday, April 19th. National Bank Financial raised their target price on shares of TC Energy from C$92.00 to C$102.00 in a report on Monday, June 1st. TD set a C$98.00 price target on shares of TC Energy and gave the stock a “hold” rating in a research report on Thursday, June 25th. Morgan Stanley cut TC Energy from an “overweight” rating to an “equal weight” rating and set a C$103.00 price target on the stock. in a report on Wednesday, June 10th. Finally, Barclays increased their price objective on TC Energy from C$92.00 to C$100.00 in a research report on Thursday, July 16th. Six research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of C$91.64.

Insider Activity at TC Energy

In other TC Energy news, insider Yvonne Frame-Zawalykut sold 1,500 shares of TC Energy stock in a transaction that occurred 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 business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of C$93.45, for a total transaction of C$467,250.00. 0.03% of the stock is currently owned by corporate insiders.

TC Energy News Summary

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

• Positive Sentiment: TC Energy reported second-quarter EPS of C$0.94 and revenue of C$3.96 billion, while comparable earnings and revenue increased year over year. The results exceeded expectations, providing a near-term catalyst for the stock. TC Energy Q2 Comparable Earnings, Revenue Rise
• Positive Sentiment: The company approved approximately $500 million of pipeline expansion projects. The investments could strengthen long-term growth and cash-flow visibility by increasing transportation capacity. TC Energy posts Q2 earnings beat, approves $500M in pipeline expansion projects
• Positive Sentiment: US Capital Advisors raised its EPS forecasts across multiple periods, including 2026 EPS to $3.71 from $3.50, 2027 EPS to $3.89 from $3.64 and 2028 EPS to $3.99 from $3.69. Quarterly estimates were also increased, with Q2 2026 raised to $0.85 from $0.74 and Q1 2027 to $1.07 from $1.01. These revisions indicate improving expectations for TC Energy’s earnings trajectory.

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.