Zacks Research Forecasts TC Energy’s Q4 Earnings (NYSE:TRP)

TC Energy Corporation (NYSE:TRP) (TSE:TRP) – Equities researchers at Zacks Research cut their Q4 2025 earnings estimates for shares of TC Energy in a research note issued to investors on Thursday, July 3rd. Zacks Research analyst T. Saha now anticipates that the pipeline company will post earnings per share of $0.70 for the quarter, down from their prior estimate of $0.71. The consensus estimate for TC Energy’s current full-year earnings is $2.63 per share. Zacks Research also issued estimates for TC Energy’s Q2 2026 earnings at $0.72 EPS, Q4 2026 earnings at $0.74 EPS and FY2027 earnings at $2.71 EPS.

Several other analysts have also recently commented on the stock. CIBC upgraded shares of TC Energy from a “neutral” rating to a “sector outperform” rating in a research note on Friday, May 2nd. Citigroup assumed coverage on shares of TC Energy in a research note on Friday, April 4th. They set a “neutral” rating for the company. Finally, Cibc World Mkts upgraded shares of TC Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, TC Energy presently has an average rating of “Moderate Buy” and a consensus target price of $62.00.

TC Energy Stock Up 0.6%

TRP stock opened at $48.28 on Friday. The firm has a 50 day moving average of $49.45 and a 200 day moving average of $47.72. The stock has a market capitalization of $50.21 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 4.60 and a beta of 0.76. The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 1.61. TC Energy has a 52 week low of $37.07 and a 52 week high of $51.99.

TC Energy (NYSE:TRP) (TSE:TRP) last released its quarterly earnings results on Thursday, May 1st. The pipeline company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.04). TC Energy had a net margin of 29.17% and a return on equity of 11.41%. The firm had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the prior year, the business posted $1.02 earnings per share.

Institutional Trading of TC Energy

A number of institutional investors and hedge funds have recently bought and sold shares of TRP. Goldman Sachs Group Inc. boosted its holdings in shares of TC Energy by 2,565.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 16,306,187 shares of the pipeline company’s stock valued at $769,815,000 after buying an additional 15,694,336 shares in the last quarter. Norges Bank acquired a new position in shares of TC Energy in the 4th quarter valued at $428,759,000. Bank of Nova Scotia boosted its holdings in shares of TC Energy by 80.3% in the 1st quarter. Bank of Nova Scotia now owns 16,983,443 shares of the pipeline company’s stock valued at $802,164,000 after buying an additional 7,562,887 shares in the last quarter. Mufg Securities Canada LTD. boosted its holdings in shares of TC Energy by 571.7% in the 4th quarter. Mufg Securities Canada LTD. now owns 6,184,832 shares of the pipeline company’s stock valued at $288,043,000 after buying an additional 5,264,079 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of TC Energy by 34.2% in the 1st quarter. Canada Pension Plan Investment Board now owns 19,808,558 shares of the pipeline company’s stock valued at $935,627,000 after buying an additional 5,053,228 shares in the last quarter. 83.13% of the stock is currently owned by hedge funds and other institutional investors.

TC Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be paid a dividend of $0.6142 per share. The ex-dividend date is Monday, June 30th. This represents a $2.46 dividend on an annualized basis and a yield of 5.09%. TC Energy’s dividend payout ratio (DPR) is presently 82.51%.

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.