TC Energy Q3 Earnings Forecast Cut by US Capital Advisors

Posted by Francis Steltz on Oct 29th, 2026

TC Energy Corporation (NYSE:TRP – Free Report) (TSE:TRP) – Analysts at US Capital Advisors lowered their Q3 2026 earnings estimates for shares of TC Energy in a note issued to investors on Tuesday, October 27th. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will post earnings per share of $0.62 for the quarter, down from their previous forecast of $0.64. US Capital Advisors currently has a “Moderate Buy” rating on the stock. The consensus estimate for TC Energy’s current full-year earnings is $2.80 per share. US Capital Advisors also issued estimates for TC Energy’s Q4 2026 earnings at $0.72 EPS and FY2026 earnings at $2.72 EPS.

TC Energy (NYSE:TRP – Get Free Report) (TSE:TRP) last posted its quarterly earnings data on Thursday, July 30th. The pipeline company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.07. TC Energy had a net margin of 22.91% and a return on equity of 11.10%. The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same period last year, the company earned $0.82 earnings per share.

Several other equities research analysts have also issued reports on TRP. Canadian Imperial Bank of Commerce set a $99.00 price target on shares of TC Energy in a research note on Thursday, October 22nd. The Goldman Sachs Group upgraded shares of TC Energy from a “neutral” rating to a “buy” rating and set a $71.00 price objective for the company in a research note on Wednesday, September 30th. Weiss Ratings reissued a “buy (b)” rating on shares of TC Energy in a research report on Friday, July 31st. Scotiabank reaffirmed an “outperform” rating on shares of TC Energy in a research report on Tuesday, July 21st. Finally, Royal Bank Of Canada reiterated a “moderate buy” rating and set a $106.00 price objective on shares of TC Energy in a research note on Friday, September 11th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $93.75.

Read Our Latest Analysis on TC Energy

TC Energy Stock Performance

Shares of TRP opened at $63.08 on Thursday. The stock has a market capitalization of $63.08 billion, a price-to-earnings ratio of 26.18 and a beta of 0.70. TC Energy has a 12 month low of $49.27 and a 12 month high of $71.47. The firm has a fifty day simple moving average of $61.21 and a 200 day simple moving average of $63.53. The company has a current ratio of 0.61, a quick ratio of 0.54 and a debt-to-equity ratio of 1.64.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TRP. Sterling Capital Management LLC acquired a new position in TC Energy in the 1st quarter valued at about $26,000. Trust Co. of Vermont bought a new position in TC Energy in the 2nd quarter valued at about $33,000. Halbert Hargrove Global Advisors LLC bought a new position in TC Energy in the 3rd quarter valued at about $35,000. Aberdeen Wealth Management LLC acquired a new stake in TC Energy during the second quarter worth approximately $51,000. Finally, Ascentis Independent Advisors acquired a new stake in TC Energy during the first quarter worth approximately $49,000. 83.13% of the stock is currently owned by institutional investors and hedge funds.

About TC Energy

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TC Energy Corporation (NYSE: TRP) is a North American energy infrastructure company that develops and operates natural gas pipelines, storage facilities, power-generation assets and related energy infrastructure. Its natural gas pipeline network connects major supply basins with utilities, power producers, industrial customers and local distribution companies.

The company’s operations are primarily located in Canada and the United States, with additional natural gas pipeline interests in Mexico.