TC Energy stock changes 2.66% from Nov. 9 report
Published on 11/09/2026 at 17:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSGrowth outlook and project pipeline
- TC Energy raised its 2026 comparable EBITDA outlook after stronger third-quarter performance.
- New contracted projects target additional capacity for Midwest power demand and are scheduled for service in 2030.
- Management set a 5% to 7% annual comparable EBITDA growth target through 2031.
TC Energy stock traded at 56.00 euros on Lang & Schwarz at 17:08 CET on Monday, November 9, 2026. The quote changed from 54.55 euros at 14:43 CET in the previous report published the same day, a 2.66 percent change between the two reported levels.
Growth outlook remains in focus
TC Energy's latest operating update raised the 2026 comparable EBITDA outlook to 11.8 billion to 12.0 billion Canadian dollars from 11.6 billion to 11.8 billion Canadian dollars. Comparable EBITDA reached 3.0 billion Canadian dollars in the third quarter, compared with 2.7 billion Canadian dollars a year earlier.
Management expects comparable EBITDA of 12.3 billion to 12.5 billion Canadian dollars in 2027 and targets annual comparable EBITDA growth of 5% to 7% from 2026 through 2031. Capital spending for 2026 is expected toward the lower end of the 6.0 billion to 6.5 billion Canadian dollar range before non-controlling interests.
Pipeline projects add capacity
TC Energy sanctioned approximately 3 billion Canadian dollars of new growth projects. The Crossroads Expansion and American Midwest projects are designed to add a combined 2.4 Bcf/d of capacity for U.S. Midwest demand, including gas-fired power generation and data centres.
Both projects are backed by long-term take-or-pay contracts and are expected to enter service in 2030. TC Energy also approved Coastal GasLink Phase 2 and the ANR Optimization project, adding to the company's longer-term investment pipeline.
TC Energy Corporation
- ISIN: CA87807B1076
- Ticker: TRP
- Lang & Schwarz quote: 56.00 euros on Monday, November 9, 2026, at 17:08 CET
- Change from the previous report: 2.66 percent from 54.55 euros at 14:43 CET on Monday, November 9, 2026
- Third-quarter comparable EBITDA: 3.0 billion Canadian dollars
- 2026 comparable EBITDA outlook: 11.8 billion to 12.0 billion Canadian dollars
North American energy infrastructure remains tied to gas demand, power generation and long-term contracted projects. See current S&P/TSX Composite market coverage.
