TC Energy stock weighs pipeline sale and dividend date

Published on 09/28/2026 at 23:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

TC Energy stock traded at CAD 83.05 on September 28, 2026, while analysts set a CAD 95.64 average target. A CAD 560 million pipeline sale adds a capital-allocation angle.

TRP, CA89353D1078, Illustration mit AI erstellt.

TC Energy stock (ISIN CA89353D1078) was trading at CAD 83.05 on the Toronto Stock Exchange on September 28, 2026, down 0.14 percent from the prior close of CAD 83.17. The immediate company catalyst is a planned CAD 560 million sale of a Mexican gas pipeline, while the next dividend date adds a near-term shareholder checkpoint.

Pipeline sale reshapes capital plans

According to TC Energy on September 21, 2026, the company agreed to sell Energía Occidente de México, which owns the 313-kilometer Guadalajara-Manzanillo Pipeline, to affiliates of ESENTIA Energy Development.

The transaction carries expected gross proceeds of CAD 560 million, or USD 400 million, and is expected to close in the first half of 2027, subject to regulatory approvals and other conditions. The pipeline can transport up to 500 MMcf/d of natural gas, while TC Energy will retain a broader Mexico network spanning 3,300 kilometers with 8.7 Bcf/d of installed transportation capacity.

Quarterly earnings beat estimates

MarketBeat reported that TC Energy delivered CAD 0.94 in quarterly earnings per share for Q2 2026, exceeding the CAD 0.61 consensus estimate by CAD 0.33. Revenue reached CAD 3.96 billion against a CAD 2.76 billion estimate, giving investors a clear comparison between operating delivery and expectations.

The same Q2 2026 report showed a quarterly dividend of CAD 0.88 per share. The ex-dividend date is September 29, 2026, and the payment date is October 30, 2026, according to MarketBeat.

Analyst target remains above price

MarketBeat said 10 analysts rated the shares Buy, one issued a Strong Buy rating and four recommended Hold, producing a Moderate Buy consensus and an average 12-month target of CAD 95.64. That target stands CAD 12.59 above the September 28, 2026 TSX price, a gap of 15.16 percent.

TRP trades below yearly high

TRP was trading at CAD 83.05 on the TSX on September 28, 2026 at 10:50 a.m. ET. The session range was CAD 82.71 to CAD 83.58, the 52-week range was CAD 69.41 to CAD 100.18, volume was 2,025,974 shares and market capitalization was CAD 86.5 billion.