TC Energy stock: US Capital Advisors trims Q3 EPS forecast

Published on 10/30/2026 at 12:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

TC Energy stock faces a lower third-quarter EPS forecast from US Capital Advisors ahead of its November results call. The rating remains Moderate Buy.

Key points for investors

TC Energy will discuss third-quarter results and its financial outlook on November 5.
US Capital Advisors retained its Moderate Buy rating after trimming its quarterly forecast.
The company remains focused on regulated natural-gas infrastructure and power assets across North America.

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US Capital Advisors lowered its forecast for TC Energy's third-quarter 2026 earnings on October 27, according to MarketBeat. Analyst J. Carreker now expects earnings of USD 0.87 per share, down from USD 0.89, while the firm kept its Moderate Buy rating.

The revision comes before TC Energy's scheduled third-quarter results call on Thursday, November 5. The company said on its investor relations page that President and CEO François Poirier, CFO Sean O'Donnell and other executives will discuss the quarter, the financial outlook and other developments.

Analyst trims estimate before results

MarketBeat reported that US Capital Advisors also expects TC Energy to earn USD 1.01 per share in the fourth quarter of 2026 and USD 3.81 per share for the full year. The article cited a consensus full-year estimate of USD 3.55 per share. These figures reflect analyst expectations rather than reported company results.

MarketBeat also referred to TC Energy's second-quarter performance, when the company reported CAD 0.94 in earnings per share and CAD 3.96 billion in revenue. The publication cited a 13.07 percent return on equity and a 22.46 percent net margin for that quarter.

Results call is the next catalyst

TC Energy's investor presentation describes a business built around natural-gas pipelines, power generation and energy solutions across North America. The company says its network supplies more than 25 percent of the natural gas consumed daily across the continent and that its power portfolio has approximately 4,650 megawatts of generation capacity.

The real-time quote of TC Energy stock showed 57.86 euros on Lang & Schwarz at 12:36 CEST on Friday, October 30, 2026.

For investors, the November call should clarify whether the lower individual forecast reflects quarter-specific assumptions or a broader change in management's outlook. The company's investor relations page lists a secured capital program of USD 22 billion through 2031 and expected future dividend growth of 3 to 5 percent.