TC Energy stock carries Coastal GasLink expansion into 2027

Published on 10/06/2026 at 13:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

TC Energy stock was last at CAD 84.81 on October 5, 2026, 15.34 percent below its 52-week high. Coastal GasLink Phase 2 moves toward early 2027 construction.

TRP, CA87807B1076, Illustration mit AI erstellt.

TC Energy Corporation (ISIN CA87807B1076) was last at CAD 84.81 on the Toronto Stock Exchange on October 5, 2026 at 4:00 p.m. ET, up 0.59 percent on the session. The company is moving Coastal GasLink Phase 2 toward construction after LNG Canada approved its expansion on September 29, 2026, according to TC Energy.

Coastal GasLink enters execution

Phase 2 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. Construction is scheduled to begin in early 2027, with service planned for the early 2030s, the company said in its September 29, 2026 release.

The project structure also matters for risk assessment. LNG Canada will lead construction, while Coastal GasLink remains the owner, operator and permit holder; TC Energy said the arrangement limits its capital commitments and exposure to construction cost and schedule risks.

Q2 revenue reached CAD 3.96 billion

TC Energy reported CAD 3.96 billion in Q2 2026 revenue and CAD 0.94 in quarterly earnings per share, according to MarketBeat. The Q2 revenue figure was 5.7 percent higher than in Q2 2025, while comparable EBITDA rose 12 percent year over year, according to Simply Wall St.

For investors, the project pipeline and balance-sheet discipline now sit alongside operating performance. Coastal GasLink Phase 2 expands an existing corridor rather than requiring a separate pipeline, while the company has emphasized limiting construction exposure through its integrated delivery model.

Analysts see room above CAD 84.81

MarketBeat reported a Moderate Buy consensus on September 26, 2026, based on 15 analysts: nine Buy ratings, five Holds and one Strong Buy. The average 12-month price target was CAD 95.64, placing it 12.77 percent above the October 5, 2026 price of CAD 84.81.

TC Energy stock was last at CAD 84.81, with a market capitalization of CAD 88.4 billion and a 52-week range of CAD 69.41 to CAD 100.18. The price stood 15.34 percent below the 52-week high, leaving the expansion timetable and quarterly execution as the clearest company-specific markers for the shares.