TC Energy (TSE:TRP) Posts Quarterly Earnings Results

Posted by George Bondi on Jul 30th, 2026

TC Energy (TSE:TRP – Get Free Report) (NYSE:TRP) issued its earnings results on Thursday. The company reported C$0.94 earnings per share for the quarter, FiscalAI reports. The business had revenue of C$3.96 billion during the quarter. TC Energy had a return on equity of 12.53% and a net margin of 21.83%.

TC Energy Trading Down 0.3%

TC Energy stock traded down C$0.28 during trading hours on Thursday, reaching C$94.33. The stock had a trading volume of 557,985 shares, compared to its average volume of 5,026,083. The stock has a market cap of C$98.27 billion, a PE ratio of 29.57, a PEG ratio of 1.69 and a beta of 0.69. The company has a fifty day simple moving average of C$96.23 and a 200-day simple moving average of C$88.98. The company has a debt-to-equity ratio of 224.52, a current ratio of 0.65 and a quick ratio of 0.40. TC Energy has a 52 week low of C$64.91 and a 52 week high of C$100.18.

Insiders Place Their Bets

In related news, insider Yvonne Frame-Zawalykut sold 1,500 shares of TC Energy stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of C$98.39, for a total value 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. Company insiders own 0.03% of the company’s stock.

Key Headlines Impacting TC Energy

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

Positive Sentiment: TC Energy said second-quarter comparable earnings and revenue increased year over year, signaling continued operating growth across its energy infrastructure business. TC Energy Q2 Comparable Earnings, Revenue Rise
Positive Sentiment: The company reported quarterly earnings of C$0.94 per share and revenue of C$3.96 billion. TC Energy also posted a 21.83% net margin and 12.53% return on equity, supporting the case for stable profitability. TC Energy: Q2 Earnings Snapshot
Positive Sentiment: US Capital Advisors raised its earnings estimates across the forecast period, including FY2026 EPS to $3.71 from $3.50, FY2027 EPS to $3.89 from $3.64, and FY2028 EPS to $3.99 from $3.69. The analyst also increased estimates for the second, third and fourth quarters of 2027. These revisions suggest improving expectations for TC Energy’s future earnings and may support the stock’s valuation.
Neutral Sentiment: The reported results and higher analyst forecasts are constructive, but the shares remain near their 12-month high and trade above the 50-day moving average, potentially limiting an immediate upside reaction if investors had already priced in strong performance.

Analysts Set New Price Targets

TRP has been the subject of several recent analyst reports. Royal Bank Of Canada upped their target price on shares of TC Energy from C$92.00 to C$95.00 and gave the stock an “outperform” rating in a research note on Monday, May 4th. Morgan Stanley downgraded TC Energy from an “overweight” rating to an “equal weight” rating and set a C$103.00 price objective on the stock. in a research note on Wednesday, June 10th. The Goldman Sachs Group upgraded shares of TC Energy from a “sell” rating to a “hold” rating and set a C$62.00 price objective for the company in a research note on Sunday, April 19th. Scotiabank increased their target price on TC Energy from C$97.00 to C$105.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, July 21st. Finally, Canadian Imperial Bank of Commerce lifted their price target on TC Energy from C$89.00 to C$94.00 in a research report on Monday, May 4th. Six analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of C$91.64.

View Our Latest Research Report on TRP

About TC Energy

(Get Free Report)

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.