TC Energy Corporation · TRP · Next earnings

TC Energy Corporation reports Friday, Feb 12, 2027

TRP reports before market open with consensus EPS at $0.71 and revenue at $2.98B. Last quarter: TC Energy Raises EBITDA Outlook as Q3 Growth Accelerates

Reports Before market open98 days awayDate estimated Energy

What the street expects

Consensus for the coming report
Consensus EPS $0.71 Calendar consensus
Consensus revenue $2.98B Calendar consensus
Report date Feb 12, 2027 Friday, date estimated
Session Before market open 98 days away

Where TRP left off: FY2026 Q3

Full report

TC Energy Raises EBITDA Outlook as Q3 Growth Accelerates

EPS surprise +4.7% Reported $0.67 vs $0.64
Revenue surprise -28.2% Reported $2.01B vs $2.79B
Stock move -0.0% Event window
Subsequent drift 0.0% Up to 20 sessions

Raised 2026 EBITDA guidance to $11.8–$12 billion and introduced a 2027 target range of $12.3–$12.5 billion, according to the supplied transcript analysis. Management also described a 5%–7% annual EBITDA growth outlook.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Large project execution could face schedule, cost, equipment or skilled-labor constraints.
  • Permitting and regulatory outcomes may affect project timing, particularly across Canadian and U.S. jurisdictions.
  • Some new power contracts have shorter durations, raising questions about contract tenor and returns.
  • An expanding capital program could require external funding if project conversion exceeds internal capacity.

Questions analysts left open

  • Whether TC Energy can sustain the upper end of its EBITDA growth outlook and convert capital commitments into earnings and cash flow.
  • The contract length and return profile of new power projects.
  • Availability of equipment and skilled labor to deliver projects on schedule.
  • How management will balance gas and power investment and fund growth while maintaining leverage targets.

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Recent TRP quarters

All TRP earnings
-0.0%FY2026 Q3

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.