Goldman Sachs upgrades TC Energy stock to Buy

Published on 10/07/2026 at 15:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second quarter revenue rose 5.70 percent to CA$3.96 billion. TC Energy stock costs EUR 53.83 after EUR 53.47, plus 0.67 percent on October 7, 2026.

TRP, CA87807B1076, Illustration mit AI erstellt.

TC Energy (CA87807B1076) stock was trading at EUR 53.83 at Lang & Schwarz on October 7, 2026 at 3:16 p.m. CEST, up EUR 0.36 or 0.67 percent versus the prior close of EUR 53.47. The latest company catalyst is Coastal GasLink Phase 2, which TC Energy said will proceed after LNG Canada reached a positive final investment decision on September 29, 2026.

Coastal GasLink enters execution

According to GlobeNewswire on September 29, 2026, the project will add compressor stations and upgrade facilities along the existing 670-kilometre route from Dawson Creek to the LNG Canada facility in Kitimat, British Columbia.

Reuters reported on September 29, 2026 that the expansion is tied to LNG Canada Phase 2 and will increase the capacity of the existing pipeline network. Construction is expected to begin in early 2027, with service anticipated in the early 2030s.

Second quarter numbers improved

TC Energy's second quarter 2026 results provide the operating baseline for the project discussion. Simply Wall St reports revenue of CA$3.96 billion, up 5.70 percent from the second quarter of 2025, while net income rose 14.00 percent to CA$987.00 million.

The same second quarter comparison shows earnings per share at CA$0.95, up from CA$0.83 a year earlier, and profit margin at 25.00 percent versus 21.00 percent. Those figures give the Coastal GasLink expansion a stronger earnings backdrop, while the long construction timetable keeps execution and regulatory delivery central to the investment case.

Goldman rating adds valuation context

According to Yahoo Finance, Goldman Sachs upgraded TC Energy to Buy on October 1, 2026 and set a USD 71 price target. The target is stated in U.S. dollars, so it is separate from the euro reference quote used for German-market investors.

TC Energy's market capitalization was USD 62.70 billion on October 6, 2026. The company operates energy infrastructure across Canada, the United States and Mexico, with natural gas pipelines, storage assets and power-generation interests forming the core of its business.

TC Energy stock holds a dated reference

At Lang & Schwarz, TC Energy stock was trading at EUR 53.83 on October 7, 2026 at 3:16 p.m. CEST, plus 0.67 percent versus the prior close of EUR 53.47. The modest daily move leaves the Coastal GasLink decision, second quarter growth and the new Buy rating as the key dated facts shaping the stock narrative.

The further course of trading is shown by the continuously updated real-time quote of TC Energy stock.