TC Energy Corp delivered a strong second quarter, exceeding analyst expectations and showcasing robust operational performance.
Recent earnings trend
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TC Energy Corp
TRP.TO
TRP.TO
TC Energy Corp
WealthAwesomeMarket cap
$98.56B
P/E
27.9x
Div. yield
3.59%
Div. / share
$3.43
52W high
$99.76
52W low
$63.05
1W change
-3.20%
Beta
0.98
Analyst Price Targets
Based on analyst covering TRP
Wall Street analysts forecast TRP stock price to rise 2.4% over the next 12 months.
Consensus
NeutralBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$97.61
+2.4% Upside
Current Price
C$95.31
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on TRP's historical volatility
30-Day Vol
21.5%
Annualized
90-Day Vol
19.9%
Annualized
Trend (90d)
+22.5%
Annualized drift
90d Mean
C$103.30
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$97.90 | C$90.91 – C$105.43 |
| 60 trading days | C$100.56 | C$90.57 – C$111.67 |
| 90 trading days | C$103.30 | C$90.87 – C$117.44 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 12 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 3 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-06-30 | 2026-07-30 | 0.9400 | 0.8400 | +11.9% |
| 2026-03-31 | 2026-05-01 | 0.9900 | 0.9700 | +2.1% |
| 2025-12-31 | 2026-02-13 | 0.9800 | 0.9100 | +7.7% |
| 2025-09-30 | 2025-11-06 | 0.7700 | 0.7800 | -1.3% |
| 2025-06-30 | 2025-07-31 | 0.8200 | 0.7800 | +5.1% |
| 2025-03-31 | 2025-05-01 | 0.9500 | 0.9700 | -2.1% |
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On July 30, 2026, TC Energy Corp (TRP.TO) reported its second quarter earnings, revealing a notable earnings per share (EPS) of $0.94, which surpassed the consensus estimate of $0.84 by 11.9%. This marks the third earnings surprise in the last four quarters for the company, reflecting its solid operational execution and growth trajectory in the energy sector.
Investor takeaway: For Canadian investors, TC Energy's recent earnings report signals a strong operational foundation and growth potential in the energy sector, particularly as demand for natural gas rises in North America. The company's ability to consistently beat earnings estimates may bolster investor confidence moving forward.
EPS of $0.94 beats estimates by 11.9%
TC Energy's strong performance in Q2 2026, with a comparable EBITDA of $2.9 billion, underscores its operational resilience and ability to navigate market challenges.
Bull case
The company has approved around $3 billion in growth projects for 2026. Its diversified portfolio is well-positioned to meet the increasing demand for natural gas, especially from data centers and power generation.
Bear case
However, uncertainties about long-term regulatory frameworks and funding for expected growth projects could pose risks to future earnings. These factors might affect project timelines and profitability.
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Wealth Awesome
Timely coverage of Canadian stocks, earnings, dividends, and market movers for DIY investors. Stories are checked against exchange data and public filings.
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