TC ENERGY CORP (TRP) Forecast, Price Target & Analyst Ratings

NYSE:TRP • CA87807B1076

Current stock price

64.2 USD
+0.4 (+0.63%)
At close:
64.6225 USD
+0.42 (+0.66%)
After Hours:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for TC ENERGY CORP (TRP).

Forecast Snapshot

Consensus Price Target

Price Target
$63.27
-1.45% Downside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
Apr 29, 2026
Period
Q1 / 2026
EPS Estimate
CA$1.02
Revenue Estimate
4.15B
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
72.80%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$63.27
Upside
-1.45%
From current price of $64.20 to mean target of $63.27, Based on 25 analyst forecasts
Low
$48.64
Median
$64.75
High
$72.79

Price Target Revisions

1 Month
7.84%
3 Months
12.10%

Price Target Summary

25 Wall Street analysts provided a forecast for the next 12 months for TRP. The average price target is 63.27 USD. This implies a price decrease of -1.45% is expected in the next year compared to the current price of 64.2.
The average price target has been revised upward by 12.1% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

TRP Current Analyst RatingTRP Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 2 4 6 8 10

Analyst Ratings History

TRP Historical Analyst RatingsTRP Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 5 10 15 20 25

Analyst Ratings Consensus

ChartMill Buy Consensus
72.80%
TRP was analyzed by 25 analysts. The buy percentage consensus is at 73. So analysts seem to be have mildly positive about TRP.
In the previous month the buy percentage consensus was at a similar level.
TRP was analyzed by 25 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2026-02-18Goldman SachsMaintains Sell -> Sell
2026-02-17CIBCDowngrade Outperformer -> Neutral
2026-02-17RBC CapitalMaintains Outperform -> Outperform
2025-11-07RBC CapitalMaintains Outperform -> Outperform
2025-02-18RBC CapitalMaintains Outperform -> Outperform
2024-11-20BMO CapitalMaintains Market Perform -> Market Perform
2024-10-21Goldman SachsMaintains Sell -> Sell
2024-01-29BarclaysMaintains Equal-Weight -> Equal-Weight
2024-01-26Goldman SachsMaintains Sell -> Sell
2023-12-04BarclaysMaintains Equal-Weight -> Equal-Weight
2023-10-18BarclaysMaintains Equal-Weight -> Equal-Weight
2023-10-17Wolfe ResearchUpgrade Underperform -> Peer Perform
2023-10-06Goldman SachsReiterate Sell
2023-09-08Wells FargoUpgrade Underweight -> Equal-Weight
2023-07-31ScotiaBankMaintains Outperform -> Outperform
2023-07-31RBC CapitalMaintains Outperform -> Outperform
2023-07-28TD SecuritiesDowngrade Buy -> Hold
2023-07-26TD SecuritiesReiterate Buy
2023-07-25National Bank Financial IncMaintains Sector Perform -> Sector Perform
2023-07-25ScotiaBankMaintains Outperform -> Outperform
2022-11-10RBC CapitalMaintains Outperform
2022-04-11Wolfe ResearchDowngrade Peer Perform -> Underperform
2022-03-10RBC CapitalMaintains Outperform
2022-02-22Wells FargoMaintains Equal-Weight
2022-02-17Raymond JamesDowngrade Strong Buy -> Outperform

Next Earnings Forecast Details

Next Earnings Details

Release Date
Apr 29, 2026
Period
Q1 / 2026
EPS Estimate
CA$1.02
Revenue Estimate
4.15B
Revenue Q2Q
14.55%
EPS Q2Q
7.63%
Number of Analysts
16

Next Earnings Revisions

Revenue (1 Month)
1.54%
Revenue (3 Months)
1.99%
EPS (1 Month)
-2.88%
EPS (3 Months)
-2.56%

Next Earnings Summary

TRP is expected to report earnings on 4/29/2026. The consensus EPS estimate for the next earnings is 1.02 USD and the consensus revenue estimate is 4.15B USD.
The next earnings revenue estimate has been revised upward by 1.99% in the past 3 months.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033
Revenue
YoY % growth
TRP revenue by date.TRP revenue by date.
13.267B
-11.42%		13.771B
3.80%		15.239B
10.66%		16.353B
7.31%		16.706B
2.16%		17.593B
5.31%		18.869B
7.25%		19.335B
2.47%		20.753B
7.33%		21.497B
3.59%		21.844B
1.61%
EBITDA
YoY % growth
TRP ebitda by date.TRP ebitda by date.
8.665B
0.02%		8.574B
-1.05%		9.531B
11.16%		11.875B
24.59%		12.313B
3.69%		12.888B
4.67%		13.57B
5.29%		14.275B
5.20%		15.224B
6.65%		14.885B
-2.23%		15.224B
2.28%
EBIT
YoY % growth
TRP ebit by date.TRP ebit by date.
5.887B
-3.16%		5.786B
-1.72%		6.762B
16.87%		8.667B
28.17%		9.006B
3.91%		9.508B
5.57%		10.36B
8.96%		10.796B
4.21%		10.592B
-1.89%		11.364B
7.29%		11.666B
2.66%
Operating Margin
TRP operating margin by date.TRP operating margin by date.
44.37%42.02%44.37%53.00%53.91%54.04%54.90%55.84%51.04%52.86%53.41%
EPS
YoY % growth
TRP eps by date.TRP eps by date.
4.52
5.12%		3.73
-17.48%		3.52
-5.63%		3.71
5.52%		3.90
4.96%		4.30
10.24%		4.49
4.38%		4.97
10.84%		5.57
11.98%		4.82
-13.36%		5.04
4.45%

All data in CAD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q1 / 26 Q2 / 26 Q3 / 26 Q4 / 26 Q1 / 27 Q2 / 27 Q3 / 27 Q4 / 27 Q1 / 28 Q2 / 28 Q3 / 28
EPS
Q2Q % growth		1.02
7.63%		0.85
3.40%		0.88
14.54%		1.11
13.19%		1.15
12.81%		0.91
7.68%		0.93
5.96%		1.25
12.38%		1.16
0.18%		1.01
10.73%		0.99
5.70%
Revenue
Q2Q % growth		4.15B
14.55%		3.87B
3.37%		3.861B
4.24%		4.217B
1.18%		4.009B
-3.40%		3.901B
0.80%		3.924B
1.63%		4.284B
1.59%		N/AN/AN/A
EBITDA
Q2Q % growth		3.084B
31.85%		2.811B
-5.45%		2.856B
-21.39%		3.106B
-33.39%		3.158B
2.40%		2.915B
3.70%		2.941B
2.98%		3.227B
3.90%		3.37B
6.71%		3.139B
7.68%		3.085B
4.90%
EBIT
Q2Q % growth		2.321B
39.74%		2.026B
24.75%		2.052B
29.63%		2.515B
32.79%		2.369B
2.07%		2.364B
16.68%		2.341B
14.08%		2.762B
9.82%		N/AN/AN/A

All data in CAD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

TRP Yearly Revenue VS EstimatesTRP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 5B 10B 15B 20B
TRP Yearly EPS VS EstimatesTRP Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 1 2 3 4 5

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
6.88%
EPS Next 5 Year
7.15%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
4.58%
Revenue Next 5 Year
4.68%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
17.43%
EBIT Next 5 Year
12.40%
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

TC ENERGY CORP / TRP Forecast FAQ

What do analysts expect the price target to be for TC ENERGY CORP (TRP)?

25 analysts have analysed TRP and the average price target is 63.27 USD. This implies a price decrease of -1.45% is expected in the next year compared to the current price of 64.2.

What is the next earnings date for TRP stock?

TC ENERGY CORP (TRP) will report earnings on 2026-04-29, before the market open.

What are the consensus estimates for TC ENERGY CORP (TRP) next earnings?

The consensus EPS estimate for the next earnings of TC ENERGY CORP (TRP) is 1.02 USD and the consensus revenue estimate is 4.15B USD.

What is the consensus rating for TRP stock?

The consensus rating for TC ENERGY CORP (TRP) is 72.8 / 100 . This indicates that analysts generally have a positive outlook on the stock.