TC Energy Posts Strong Q1 2026 Results and Greenlights US$1.5 Billion Columbia Gas Expansion
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TC Energy ( (TSE:TRP) ) has issued an announcement.
On May 1, 2026, TC Energy reported strong first-quarter 2026 results, with comparable EBITDA rising 14 per cent to $3.1 billion and segmented earnings up 10 per cent versus a year earlier, while net income attributable to common shares slipped to $899 million. The board declared a quarterly dividend of $0.8775 per share, and the company reaffirmed guidance for higher 2026 comparable EBITDA and EPS versus 2025, with planned net capital expenditures of $5.5 billion to $6.0 billion.
Operationally, TC Energy posted seven new delivery records across its Canadian and U.S. natural gas systems, including peak daily flows of 33.2 Bcf and 39.9 Bcf in January 2026, and maintained high availability at Bruce Power and its cogeneration fleet. Strategically, it approved the US$1.5 billion Appalachia Supply Project on Columbia Gas, advanced a potential Phase 2 expansion of Coastal GasLink under risk-limited agreements with LNG Canada, and reached rate and toll settlements-in-principle on the Canadian Mainline, ANR and Great Lakes that are expected to support returns and long-term system growth.
The most recent analyst rating on (TSE:TRP) stock is a Hold with a C$88.00 price target. To see the full list of analyst forecasts on TC Energy stock, see the TSE:TRP Stock Forecast page.
Spark’s Take on TRP Stock
According to Spark, TipRanks’ AI Analyst, TRP is a Neutral.
The score is driven by solid operating fundamentals but constrained by high leverage and inconsistent free-cash-flow generation. Technicals are supportive with a clear uptrend, and the earnings call reinforced a favorable outlook via reaffirmed EBITDA guidance and strong project execution; valuation is helped by the dividend but tempered by a mid-range P/E.
To see Spark’s full report on TRP stock, click here.
More about TC Energy
TC Energy is a North American energy infrastructure company focused on natural gas transmission, power generation and related pipeline systems across Canada, the U.S. and Mexico. Its portfolio includes major gas pipelines such as NGTL, Columbia Gas and ANR, as well as interests in power assets like Bruce Power and cogeneration facilities serving power and industrial demand corridors.
Average Trading Volume: 5,763,851
Technical Sentiment Signal: Buy
Current Market Cap: C$94.83B
See more insights into TRP stock on TipRanks’ Stock Analysis page.
