TC Energy stock gains as Q3 results lift 2026 outlook

Published on 11/05/2026 at 16:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

TC Energy stock enters a stronger outlook after third-quarter comparable EBITDA increased year over year. New gas projects target demand growth.

Quarterly Growth Lifts Outlook

Comparable EBITDA increased year over year in the third quarter.
TC Energy raised its 2026 comparable EBITDA target range.
New gas infrastructure projects target rising North American demand.

TRP, CA87807B1076, Illustration mit AI erstellt.

TC Energy reported stronger third-quarter results on Thursday, November 5, 2026, and raised its financial outlook. An Ad-hoc-News report said comparable EBITDA reached 3.0 billion Canadian dollars, up from 2.7 billion Canadian dollars in the prior-year quarter. Comparable earnings per share increased to 0.94 Canadian dollars from 0.77 Canadian dollars.

Higher Target Range For 2026

TC Energy now expects 2026 comparable EBITDA of 11.8 billion to 12.0 billion Canadian dollars, compared with its previous range of 11.6 billion to 11.8 billion Canadian dollars. The company expects 2027 comparable EBITDA of 12.3 billion to 12.5 billion Canadian dollars and capital spending of 6.0 billion to 6.5 billion Canadian dollars.

Management projects annual comparable EBITDA growth of 5% to 7% from 2026 through 2031. About 98% of comparable EBITDA comes from regulated assets or long-term take-or-pay contracts, according to the report. That mix supports earnings visibility, while project execution and financing remain important investor considerations.

New Capacity Targets Gas Demand

TC Energy announced about 3 billion Canadian dollars of new projects. The Crossroads expansion is designed to add 1.4 billion cubic feet per day of capacity in the US Midwest, while the American Midwest project is planned to add another 1.0 billion cubic feet per day. Both projects are backed by long-term take-or-pay contracts and are targeted for service in 2030.

Coastal GasLink Phase 2 also received approval to proceed after LNG Canada and its partners made a positive investment decision. The expansion is intended to increase firm transport capacity by about 2.0 billion cubic feet per day to approximately 4.5 billion cubic feet per day, with construction planned to begin in early 2027.

TC Energy stock traded at 57.35 euros on Lang & Schwarz at 16:32 CET on Thursday, November 5, 2026. The real-time quote of TC Energy stock provides the latest trading level.