$62.67
−1.20%Research · Oct 31, 2026
[TRP] TC Energy: Q3 2026 Earnings Test U.S. Pipeline and Bruce Power Growth
TC Energy's Q2 2026 comparable EBITDA rose 12% to C$2.95 billion; Q3 earnings test whether U.S. pipelines and Bruce Power can offset fading Mexico growth.
Research · Sep 3, 2026
[TRP] TC Energy Thesis 2026: Coastal GasLink Completes, Canadian Gas Network Reaches Scale
TC Energy FY25 (Dec 31, 2025; CAD) at C$15.19B revenue (+10%). NI C$3.52B; EPS C$3.27 (down on FY24 South Bow spin-distribution gain base). EBITDA C$9.48B. First full year as pure-play natural gas + power post-October 2024 South Bow spin-off. Coastal GasLink reached commercial operation. 25th consecutive annual dividend increase. Capex moderating to C$5.27B.