For the third quarter of 2026, TC Energy is projected to report consensus revenue of C$4.15 billion and earnings per share of C$0.64, with the current stock price of C$68.42 trading near the C$71.85 average analyst target. Investors are primarily focused on comparable EBITDA growth across the company's natural gas pipeline segments following the successful structural separation of its liquids business.
Performance is expected to be driven by high utilization on the NGTL System and the fully operational Coastal GasLink pipeline, which has significantly enhanced the firm's LNG export capabilities. Shareholders are also looking for updates on the 2027 capital program and progress toward reaching the long-term 4.75x debt-to-EBITDA leverage target.