What is Scotiabank’s Estimate for TC Energy FY2026 Earnings?

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Equities research analysts at Scotiabank issued their FY2026 earnings estimates for shares of TC Energy in a research note issued on Wednesday, January 8th. Scotiabank analyst R. Hope forecasts that the company will post earnings per share of $3.93 for the year. The consensus estimate for TC Energy’s current full-year earnings is $3.55 per share.

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

A number of other equities analysts also recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of TC Energy from C$70.00 to C$79.00 in a research note on Monday, November 18th. UBS Group raised TC Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. BMO Capital Markets boosted their target price on shares of TC Energy from C$70.00 to C$73.00 in a report on Friday, November 29th. National Bankshares lifted their price target on shares of TC Energy from C$70.00 to C$71.00 in a research report on Wednesday, November 20th. Finally, Barclays upped their price objective on shares of TC Energy from C$67.00 to C$74.00 in a report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of C$69.92.

TC Energy Stock Performance

TSE:TRP opened at C$68.91 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.76 and a debt-to-equity ratio of 160.84. TC Energy has a twelve month low of C$43.83 and a twelve month high of C$70.32. The stock has a market cap of C$71.67 billion, a P/E ratio of 20.82, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. The firm’s fifty day simple moving average is C$67.52 and its 200 day simple moving average is C$62.23.

Insider Activity

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

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 paid a dividend of $1.113 per share. The ex-dividend date is Tuesday, December 31st. This is a positive change from TC Energy’s previous quarterly dividend of $0.96. This represents a $4.45 dividend on an annualized basis and a yield of 6.46%. TC Energy’s payout ratio is currently 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.