TC Energy (TSE:TRP) Issues Quarterly Earnings Results

TC Energy (TSE:TRP) (NYSE:TRP) issued its quarterly earnings results on Thursday. The company reported C$0.94 earnings per share (EPS) for the quarter, FiscalAI reports. The firm 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 Stock Up 0.2%

TRP stock traded up C$0.20 during trading on Thursday, reaching C$87.72. 5,194,711 shares of the stock were exchanged, compared to its average volume of 4,996,199. The firm’s 50 day moving average is C$86.12 and its 200 day moving average is C$88.65. TC Energy has a twelve month low of C$70.14 and a twelve month high of C$100.18. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 229.63. The firm has a market cap of C$91.38 billion, a P/E ratio of 26.26, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82.

Analysts Set New Price Targets

TRP has been the subject of several recent analyst reports. ATB Cormark Capital Markets raised their price objective on shares of TC Energy from C$98.00 to C$100.00 and gave the stock a “sector perform” rating in a research report on Friday, July 31st. TD Securities upgraded shares of TC Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 14th. Jefferies Financial Group upgraded shares of TC Energy from a “hold” rating to a “buy” rating and boosted their target price for the company from C$100.00 to C$102.00 in a research report on Tuesday, September 1st. TD raised shares of TC Energy from a “hold” rating to a “buy” rating and set a C$102.00 target price on the stock in a research note on Tuesday, September 15th. Finally, US Capital Advisors upgraded shares of TC Energy from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, TC Energy currently has an average rating of “Moderate Buy” and a consensus price target of C$96.29.

Key Stories Impacting TC Energy

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

• Positive Sentiment: TC Energy reported third-quarter comparable EPS of C$0.94, above the C$0.88 analyst estimate, as profit increased from a year earlier. Strength in its natural-gas pipeline business helped drive the results. TC Energy beats quarterly profit estimates on strength in gas pipeline business Earnings Flash
• Positive Sentiment: The company raised its 2026 outlook and unveiled $2.2 billion in new growth projects. The improved forecast and planned investment may support expectations for future earnings growth. TC Energy ticks higher after raising guidance, unveiling $2.2B of new growth projects TC Energy reports Q3 profit up from year ago, raises outlook for the year
• Neutral Sentiment: A comparison of TC Energy with Enbridge considers which pipeline stock may be more attractive heading into 2027, but the headline alone does not indicate a change in TC Energy’s outlook. Enbridge vs. TC Energy: Which Pipeline Stock Is the Better Buy Going Into 2027?

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.