TC Energy Corporation operates as an energy infrastructure company in North America. It operates through five segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; Liquids Pipelines; and Power and Energy Solutions. The company builds and operates a network of 93,700 kilometers of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses. It also has regulated natural gas storage facilities with a total working gas capacity of 532 billion cubic feet. In addition, it has approximately 4,900 kilometers of liquids pipeline system that connects Alberta crude oil pipeline to refining markets in Illinois, Oklahoma, and Texas. Further, the company owns or has interests in seven power generation facilities with a combined capacity of approximately 4,300 megawatts that are powered by natural gas and nuclear fuel sources located in Alberta, Ontario, Québec, and New Brunswick; and owns and operates approximately 118 billion cubic feet of non-regulated natural gas storage capacity in Alberta. The company was formerly known as TransCanada Corporation and changed its name to TC Energy Corporation in May 2019. TC Energy Corporation was incorporated in 1951 and is headquartered in Calgary, Canada.

TC Energy Corporation демонстрирует неоднозначную фундаментальную картину. С одной стороны, компания имеет высокие показатели P/E, P/S и P/FCF, значительно превышающие медианные значения по отрасли, что указывает на потенциальную переоцененность акций. С другой стороны, она показывает сильные результаты по чистой прибыли, выручке и операционной марже, что подтверждает устойчивость её бизнеса. Однако эффективность, выраженная в ROE и ROA, ниже медианных значений, что вызывает беспокойство. Долговая нагрузка также высока, с отношением долга к капиталу, превышающим средние отраслевые показатели. В то же время, компания демонстрирует стабильный рост выручки и чистой прибыли, что является позитивным фактором для инвесторов. Дивидендная доходность значительно снизилась, что может отпугнуть тех, кто ищет стабильный доход. В общем, несмотря на сильные финансовые результаты, высокие мультипликаторы и долговая нагрузка ставят под сомнение дальнейший рост акций TC Energy Corporation.

TC Energy Corporation

TC Energy Corporation TRP reported fourth-quarter 2025 adjusted earnings of 70 cents per share, which beat the Zacks Consensus Estimate of 65 cents. This performance was driven by robust results from the company’s Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines and Mexico Natural Gas Pipelines segments. However, the bottom line decreased from 75 cents reported in the year-ago period. This underperformance was due to weak year-over-year results in the Power and Energy Solutions segment.
This North American energy infrastructure provider's quarterly revenues of $3 billion beat the Zacks Consensus Estimate by $55 million. However, the figure decreased 16.9% year over year.
TC Energy Corporation Price, Consensus and EPS Surprise
TC Energy’s comparable EBITDA increased to C$3 billion from C$2.6 billion in the prior year.
TRP’s board of directors declared a 3.2% quarterly dividend hike to 87.75 Canadian cents per common share for the quarter ending March 31, 2026, translating to an annualized dividend rate of C$3.51.
TRP’s Segmental Information
Canadian Natural Gas Pipelines reported a comparable EBITDA of C$961 million, up 12.9% from the year-ago quarter’s level. The company reported that Canadian Natural Gas Pipelines deliveries averaged 27.2 billion cubic feet per day (Bcf/d), marking a 5% increase from the year-ago quarter’s level and achieving a new all-time delivery record of 33.2 Bcf on Jan. 22, 2026. The company posted that Canadian Mainline Western receipts averaged 4.8 Bcf/d, reflecting a 3% rise from the fourth quarter of 2024.
U.S. Natural Gas Pipelines reported a comparable EBITDA of C$1,388 million, indicating a 15.7% increase from the prior-year quarter’s actual. U.S. Natural Gas Pipelines recorded daily average flows of 29.6 Bcf/d, marking a 9.5% increase from the fourth quarter of 2024. The segment also reached a new all-time delivery record of 39.9 Bcf on Jan. 29, 2026. Deliveries to LNG facilities averaged 3.9 Bcf/d, up 21% from the prior-year quarter, and set a fresh daily high of nearly 4.4 Bcf on Dec. 4, 2025. In addition, Columbia Gulf, GTN and Gillis Access each achieved all-time delivery records in December 2025.
Mexico Natural Gas Pipelines reported a comparable EBITDA of C$397 million, up 69.7% from the year-ago quarter’s reported figure of C$234 million. The company reported that Mexico Natural Gas Pipelines flows in the fourth quarter averaged 2.7 Bcf/d, which was comparable to the fourth quarter of 2024 and accounted for approximately 20% of total Mexico gas demand during that period. Additionally, deliveries to power generation facilities averaged 1.2 Bcf/d in the fourth quarter of 2025, marking an 11% increase compared with the fourth quarter of 2024.
Power and Energy Solutions registered a comparable EBITDA of C$217 million, down 36.4% from the year-ago quarter’s level of C$341 million. The company reported that Bruce Power achieved 85.7% availability in the fourth quarter of 2025, impacted by an extended planned outage on Unit 2. Additionally, the cogeneration power plant fleet achieved 89.5% availability in the fourth quarter of 2025.
TRP’s Expenditure and Balance Sheet
As of Dec. 31, 2025, TC Energy’s capital investments amounted to C$5.3 billion.
TRP had cash and cash equivalents worth C$168 million and long-term debt of C$45.2 billion, with a debt-to-capitalization of 60% as of the same date.
TRP’s 2026 Guidance
This Zacks Rank #3 (Hold) company expects its strong operational and financial momentum to continue into 2026. The company anticipates its full-year 2026 comparable EBITDA to be between C$11.6 billion and C$11.8 billion, with comparable earnings per share also projected to be higher than 2025 levels.
TRP’s management expects to place approximately C$4 billion of projects into service during the year, which will contribute to this growth. The company also anticipates net capital expenditures (capex) for 2026 to be in the range of C$5.5 billion to C$6 billion.
Looking at its operations, Bruce Power segment is expected to achieve availability in the low 90% range for the year, with Unit 3 returning to service as planned.
Looking further ahead, TRP anticipates fully allocating its C$6 billion annual net capital expenditure target through 2030. Furthermore, given the strength of the project pipeline, the company anticipates it has the visibility to potentially surpass this level of investment in the latter part of the decade. All new projects are expected to achieve build multiples within the targeted 5-7 times range.
Important Earnings at a Glance
While we have discussed TRP’s fourth-quarter results in detail, let us take a look at three other key reports in other space.
Valero Energy Corporation VLO, a leading independent refiner and marketer of transportation fuels and petrochemical products, posted fourth-quarter 2025 adjusted earnings of $3.82 per share, which beat the Zacks Consensus Estimate of $3.22. The bottom line improved from the year-ago quarter’s level of 64 cents. The better-than-expected quarterly results can be mainly attributed to a surge in refining margins, higher ethanol production volumes and lower total cost of sales.
Valero Energy had cash and cash equivalents of $4.7 billion at the end of the fourth quarter. As of Dec. 31, 2025, it had a total debt of $8.3 billion and finance-lease obligations of $2.4 billion.
Baker Hughes Company BKR, a Houston, TX-based oil and gas equipment and services provider, posted fourth-quarter 2025 adjusted earnings of 78 cents per share, which beat the Zacks Consensus Estimate of 67 cents. The bottom line also increased from the year-ago level of 70 cents. The strong quarterly results were primarily driven by solid performance from BKR’s Industrial & Energy Technology business segment.
Baker Hughes Company’s net capital expenditure in the fourth quarter was $321 million. As of Dec. 31, 2025, it had cash and cash equivalents of $3.7 billion. BKR had a long-term debt of $5.4 billion at the end of the reported quarter, with a debt-to-capitalization of 24.3%.
Halliburton Company HAL, another Houston, TX-based oil and gas equipment and services provider, posted fourth-quarter 2025 adjusted net income per share of 69 cents, beating the Zacks Consensus Estimate of 54 cents. The outperformance primarily reflects successful cost reduction initiatives. However, the bottom line marginally fell from the year-ago adjusted profit of 70 cents due to softer activity in the North American region.
Halliburton reported fourth-quarter capital expenditure of $337 million, well below our projection of $390.4 million. As of Dec. 31, 2025, the company had approximately $2.2 billion in cash and cash equivalents, and $7.2 billion in long-term debt, representing a debt-to-capitalization ratio of 40.5.
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TC Energy Q4 Earnings & Revenues Surpass Estimates, Dividend Raised

(RTTNews) - TC Energy Corporation (TRP) will host a conference call at 8:30 AM ET on February 13, 2026, to discuss Q4 25 earnings results.
To access the live webcast, log on to https://www.tcenergy.com/investors/events/
To listen to the call, dial 1-833-752-3826 (US) or 1-647-846-8864 (International).
For a replay call, dial 1-855-669-9658 (US) or 1-412-317-0088 (International , passcode 2190660..
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

TC Energy Q4 25 Earnings Conference Call At 8:30 AM ET

The following companies are expected to report earnings prior to market open on 02/13/2026. Visit our Earnings Calendar for a full list of expected earnings releases.
Enbridge Inc (ENB)is reporting for the quarter ending December 31, 2025. The oil (production/pipeline) company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.60. This value represents a 13.21% increase compared to the same quarter last year. ENB missed the consensus earnings per share in the 3rd calendar quarter of 2025 by -15.38%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for ENB is 24.09 vs. an industry ratio of 20.30, implying that they will have a higher earnings growth than their competitors in the same industry.
TC Energy Corporation (TRP)is reporting for the quarter ending December 31, 2025. The alternative energy company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.65. This value represents a 13.33% decrease compared to the same quarter last year. TRP missed the consensus earnings per share in the 1st calendar quarter of 2025 by -5.71%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for TRP is 23.61 vs. an industry ratio of -19.60, implying that they will have a higher earnings growth than their competitors in the same industry.
Cameco Corporation (CCJ)is reporting for the quarter ending December 31, 2025. The alternative energy company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.28. This value represents a 7.69% increase compared to the same quarter last year. Zacks Investment Research reports that the 2025 Price to Earnings ratio for CCJ is 119.18 vs. an industry ratio of -19.60, implying that they will have a higher earnings growth than their competitors in the same industry.
Magna International, Inc. (MGA)is reporting for the quarter ending December 31, 2025. The auto (truck) company's consensus earnings per share forecast from the 3 analysts that follow the stock is $1.81. This value represents a 7.10% increase compared to the same quarter last year. MGA missed the consensus earnings per share in the 1st calendar quarter of 2025 by -13.33%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for MGA is 10.78 vs. an industry ratio of -1.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Moderna, Inc. (MRNA)is reporting for the quarter ending December 31, 2025. The biomedical (gene) company's consensus earnings per share forecast from the 10 analysts that follow the stock is $-2.60. This value represents a 4.00% decrease compared to the same quarter last year. In the past year MRNA has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 76.28%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for MRNA is -5.19 vs. an industry ratio of -8.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Colliers International Group Inc. (CIGI)is reporting for the quarter ending December 31, 2025. The real estate company's consensus earnings per share forecast from the 4 analysts that follow the stock is $2.24. This value represents a 19.79% increase compared to the same quarter last year. Zacks Investment Research reports that the 2025 Price to Earnings ratio for CIGI is 21.56 vs. an industry ratio of -40.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Essent Group Ltd. (ESNT)is reporting for the quarter ending December 31, 2025. The insurance (property & casualty) company's consensus earnings per share forecast from the 3 analysts that follow the stock is $1.74. This value represents a 10.13% increase compared to the same quarter last year. Zacks Investment Research reports that the 2025 Price to Earnings ratio for ESNT is 9.32 vs. an industry ratio of 12.90.
Atmus Filtration Technologies Inc. (ATMU)is reporting for the quarter ending December 31, 2025. The auto (truck) company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.57. This value represents a 1.72% decrease compared to the same quarter last year. In the past year ATMU has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 13.11%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for ATMU is 23.86 vs. an industry ratio of -1.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Sensient Technologies Corporation (SXT)is reporting for the quarter ending December 31, 2025. The chemical company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.78. This value represents a 20.00% increase compared to the same quarter last year. In the past year SXT Zacks Investment Research reports that the 2025 Price to Earnings ratio for SXT is 28.83 vs. an industry ratio of 13.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Advance Auto Parts Inc. (AAP)is reporting for the quarter ending December 31, 2025. The wholesale retail company's consensus earnings per share forecast from the 12 analysts that follow the stock is $0.41. This value represents a 134.75% increase compared to the same quarter last year. In the past year AAP has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 24.32%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for AAP is 32.94 vs. an industry ratio of 23.30, implying that they will have a higher earnings growth than their competitors in the same industry.
NatWest Group plc (NWG)is reporting for the quarter ending December 31, 2025. The bank (foreign) company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.36. This value represents a 2.70% decrease compared to the same quarter last year. In the past year NWG and beat the expectations the other two quarters. Zacks Investment Research reports that the 2025 Price to Earnings ratio for NWG is 10.03 vs. an industry ratio of 12.40.
Wendy's Company (WEN)is reporting for the quarter ending December 31, 2025. The restaurant company's consensus earnings per share forecast from the 9 analysts that follow the stock is $0.14. This value represents a 44.00% decrease compared to the same quarter last year. In the past year WEN has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2025 Price to Earnings ratio for WEN is 9.06 vs. an industry ratio of 3.40, implying that they will have a higher earnings growth than their competitors in the same industry.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Pre-Market Earnings Report for February 13, 2026 : ENB, TRP, CCJ, MGA, MRNA, CIGI, ESNT, ATMU, SXT, AAP, NWG, WEN

TC Energy Corporation TRP is set to report fourth-quarter earnings on Feb. 13. The Zacks Consensus Estimate for earnings is pegged at 65 cents per share, and the same for revenues is pinned at $2.93 billion.
Let us delve into the factors that might have influenced TRP’s performance in the to-be-reported quarter. Before that, it is worth taking a look at the company’s performance in the last reported quarter.
Highlights of TRP’s Q3 Earnings & Surprise History
In the last reported quarter, the Calgary, Canada-based oil and gas storage and transportation service company’s adjusted earnings were in line with the consensus estimate. TRP posted adjusted earnings of 56 cents per share, driven by robust results from its Canadian, U.S. and Mexico Natural Gas Pipelines segments. This North America’s energy infrastructure provider's quarterly revenues of $3.7 billion outpaced the Zacks Consensus Estimate by $49 million.
TRP’s earnings beat the consensus estimate in two of the past four quarters, came in line in one quarter, and missed once, resulting in an average surprise of 2.49%.
This is depicted in the graph below:
TC Energy Corporation Price and EPS Surprise
Trend in TRP’s Estimate Revision
The Zacks Consensus Estimate for fourth-quarter 2025 earnings has seen one upward and three downward movements over the past 30 days. The estimated figure indicates a 13.33% year-over-year bottom-line decrease. However, the Zacks Consensus Estimate for revenues indicates an increase of 14.79% from the year-ago period’s level.
Factors to Consider Ahead of TRP’s Q4 Release
TC Energy makes money by operating and maintaining a vast network of pipelines that transport natural gas and oil across North America, through which it charges fees to companies that need to move these energy products from one location to another. In addition, the company earns revenues from natural gas storage, power generation operations and other energy-related services. As a result, by acting as a middleman in energy transportation, storage and power generation, TRP generates income through its diversified infrastructure and service offerings.
TRP’s revenues are likely to have improved in the quarter to be reported. The Zacks Consensus Estimate for fourth-quarter revenues is expected to have increased from the year-ago quarter’s level.
On the cost side, TRP's rising expenses are likely to have negatively dented its upcoming bottom line. The company’s third-quarter total costs and expenses were higher than the year-ago quarter’s figure, and we believe this upward trajectory is expected to have persisted in the quarter to be reported.
What Does Our Model Predict About TRP?
Our proven model does not predict an earnings beat for TC Energy this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. This is not the case here.
Earnings ESP of TRP: Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate for this company, is -0.23%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
TRP’s Zacks Rank: TRP currently carries a Zacks Rank #3.
Stocks With the Favorable Combination
Here are some firms from the other space that you may want to consider, as these have the right combination of elements to post an earnings beat this reporting cycle.
IPG Photonics IPGP is scheduled to release earnings on Feb. 12. The firm has an Earnings ESP of +15.08% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
IPG Photonics is a global leader in high-performance fiber lasers and amplifiers used across industrial, medical and communications applications. The company generates revenues by providing advanced laser solutions that enable precision cutting, welding, marking and other manufacturing processes worldwide. IPG Photonics’ earnings missed the Zacks Consensus Estimate in three of the last four quarters and beat in the other one, resulting in an average surprise of 89.09%.
Applied Materials AMAT has an Earnings ESP of +3.06% and a Zacks Rank #2. The firm is scheduled to release earnings on Feb. 12. Applied Materials’ earnings beat the Zacks Consensus Estimate in each of the last four quarters, resulting in an average surprise of 4.17%.
The company is a leading global supplier of manufacturing equipment, services and software used to produce semiconductors, display panels and advanced electronic devices. Applied Materials plays a critical role in enabling chipmakers to advance technologies such as artificial intelligence, cloud computing and next-generation communications.
Expedia Group EXPE has an Earnings ESP of +4.39% and a Zacks Rank #2. The firm is scheduled to release earnings on Feb. 12. Expedia Group’s earnings beat the Zacks Consensus Estimate in three of the last four quarters and missed in the other one, resulting in an average surprise of 4.53%.
The company is a leading global online travel platform that operates brands such as Expedia, Hotels.com, Vrbo and Orbitz. Expedia Group generates revenues by offering travel bookings for flights, hotels, vacation rentals, car rentals and activities, connecting millions of travelers with suppliers worldwide.
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TC Energy to Report Q4 Earnings: What Surprise Awaits Investors?

Looking at the universe of stocks we cover at Dividend Channel, on 12/31/25, Amdocs Ltd. (Symbol: DOX), FMC Corp. (Symbol: FMC), and TC Energy Corp (Symbol: TRP) will all trade ex-dividend for their respective upcoming dividends. Amdocs Ltd. will pay its quarterly dividend of $0.527 on 1/30/26, FMC Corp. will pay its quarterly dividend of $0.08 on 1/15/26, and TC Energy Corp will pay its quarterly dividend of $0.85 on 1/30/26. As a percentage of DOX's recent stock price of $81.73, this dividend works out to approximately 0.64%, so look for shares of Amdocs Ltd. to trade 0.64% lower — all else being equal — when DOX shares open for trading on 12/31/25. Similarly, investors should look for FMC to open 0.59% lower in price and for TRP to open 1.52% lower, all else being equal.
Below are dividend history charts for DOX, FMC, and TRP, showing historical dividends prior to the most recent ones declared.
Amdocs Ltd. (Symbol: DOX):
FMC Corp. (Symbol: FMC):
TC Energy Corp (Symbol: TRP):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 2.58% for Amdocs Ltd., 2.36% for FMC Corp., and 6.09% for TC Energy Corp.
In Monday trading, Amdocs Ltd. shares are currently up about 0.5%, FMC Corp. shares are up about 1.7%, and TC Energy Corp shares are up about 0.1% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
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Ex-Dividend Reminder: Amdocs, FMC and TC Energy

Energy Transfer LP ET announced plans to expand the Transwestern Pipeline as part of its Desert Southwest expansion project. The company will increase the pipeline diameter to 48 inches from 42 inches, boosting the project’s capacity to up to 2.3 billion cubic feet (Bcf) of natural gas per day.
With this project, the company will efficiently transfer natural gas from its premier asset base in the prolific Permian Basin.
The increase in pipeline diameter is primarily aimed at meeting rising energy demand in Arizona and New Mexico. Natural gas demand in these regions is growing due to population expansion, data center development, and increased utility requirements. In addition, the potential conversion of power plants from coal to natural gas could further boost regional gas demand.
The upsized project is expected to cost nearly $5.6 billion, excluding the allowance for funds used during construction. As a result, Energy Transfer’s total growth capital expenditures for 2026 are expected to rise approximately $200 million.
How Will This Benefit ET?
The additional capital investment provides upside potential for the project and an effective way to tap into expanding sources of demand.
Energy Transfer’s pipeline expansion strategy focuses on securing long-term shipping contracts before construction, which locks in predictable future cash flows and reduces risk. Because pipeline fees are based on contracted capacity and volumes transported, expanded capacity directly translates into higher, largely fee-based revenue.
ET is reinforcing its position as a dependable natural gas infrastructure provider in key markets by pausing the capital-intensive Lake Charles LNG export project and reallocating capital toward pipeline expansions with superior risk-adjusted returns.
Other Companies’ Focus on Pipeline Expansion
Pipeline expansions primarily help companies meet rising energy demand and, in turn, drive top-line growth. Along with ET, other oil and gas companies involved in pipeline expansion are mentioned below.
TC Energy Corporation TRP has approved a $900 million natural gas pipeline project in Midwest U.S. The Northwoods pipeline expansion will add 400,000 million British thermal units of new capacity, equivalent to approximately 117,228 megawatt-hours (MWh), and increase the system’s storage capacity by 0.4 billion cubic feet per day. The project is expected to become operational by late 2029.
The Zacks Consensus Estimate for 2026 earnings per share (EPS) indicates year-over-year growth of 7.5%. TRP delivered an average earnings surprise of 2.5% in the last four quarters.
Kinder Morgan, Inc. KMI is currently constructing the fully contracted $455 million Gulf Coast Express Expansion Project, which is designed to increase natural gas deliveries from the Permian Basin to South Texas markets by 570 million cubic feet per day (MMcf/d). The company’s share of the project investment is approximately $161 million, and the expansion is expected to be completed and placed into service by mid-2026.
The Zacks Consensus Estimate for 2026 EPS indicates year-over-year growth of 6.12%. The Zacks Consensus Estimate for 2026 sales implies a year-over-year improvement of 4.4%.
The Williams Companies, Inc. WMB has commissioned two major expansions of its Transco natural gas pipeline system. The Texas–Louisiana Energy Pathway adds 364 MMcf/d of capacity to support Gulf Coast demand and LNG exports, while the Southeast Energy Connector adds 150 MMcf/d to help Alabama transition from coal to cleaner natural gas. These projects are part of Williams’ broader expansion efforts, which also include upgrades to other pipeline systems and future transmission capacity additions.
The Zacks Consensus Estimate for 2026 EPS indicates year-over-year growth of 10%. It delivered an average earnings surprise of 0.87% in the last four quarters.
Price Movement of ET
Over the past year, ET’s shares have lost 16.9%, more than the industry’s decline of 12.3%.
Zacks Rank
ET currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Zacks' Research Chief Names "Stock Most Likely to Double"
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Energy Transfer to Expand Transwestern Pipelines for Southwest Growth

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Global X MLP & Energy Infrastructure ETF (Symbol: MLPX) where we have detected an approximate $59.2 million dollar inflow -- that's a 2.3% increase week over week in outstanding units (from 42,587,506 to 43,547,506). Among the largest underlying components of MLPX, in trading today Enbridge Inc (Symbol: ENB) is up about 0.1%, TC Energy Corp (Symbol: TRP) is down about 0.5%, and Kinder Morgan Inc. (Symbol: KMI) is lower by about 0.4%. For a complete list of holdings, visit the MLPX Holdings page » The chart below shows the one year price performance of MLPX, versus its 200 day moving average:
Looking at the chart above, MLPX's low point in its 52 week range is $53.54 per share, with $67.47 as the 52 week high point — that compares with a last trade of $61.73. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Notable ETF Inflow Detected - MLPX, ENB, TRP, KMI

Monday, November 17, 2025
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Oracle Corp. (ORCL), Costco Wholesale Corp. (COST) and Cisco Systems, Inc. (CSCO), as well as two micro-cap stocks Universal Health Realty Income Trust (UHT) and New England Realty Associates Limited Partnership (NEN). The Zacks microcap research is unique as our research content on these small and under-the-radar companies is the only research of its type in the country.
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The daily 'Ahead of Wall Street' article is a must-read for all investors who would like to be ready for that day's trading action. The article comes out before the market opens, attempting to make sense of that morning's economic releases and how they will affect that day's market action. You can read this article for free on our home page and can actually sign up there to get an email notification as this article comes out each morning.
You can read today's AWS here >>> Econ Data Comes Out This Week, Along with NVDA, WMT Earnings
Today's Featured Research Reports
Oracle’s shares have outperformed the Zacks Computer - Software industry over the year-to-date period (+35.1% vs. +14.5%). The company is benefiting from continued momentum from its Oracle Cloud Infrastructure business, including from winning cloud-computing contracts from AI-focused startups. ORCL’s continued investment in cloud infrastructure, comprising NetSuite Enterprise Resource Planning (ERP) and Fusion ERP, positions it well for sustained growth in the dynamic software industry.
Oracle’s partnership with Amazon for Oracle Database@AWS and general availability of Oracle Database@Google bodes well. Oracle’s Gen 2 Cloud is driving artificial intelligence clientele. The company's share buybacks and dividend policy are noteworthy. The Zacks analyst expects’ fiscal 2026 net sales to grow 15.8% from fiscal 2025.
However, higher spending on product enhancements, toward the cloud platform amid increasing competition in the cloud domain is likely to limit margin expansion.
(You can read the full research report on Oracle here >>>)
Shares of Costco have gained +1.3% over the year-to-date period against the Zacks Retail - Discount Stores industry’s gain of +5.3%. The company being a consumer defensive stock, has survived the market turmoil pretty well, supported by its resilient membership-based model, disciplined pricing, and operational excellence.
Costco’s consistent renewal rates and expanding member base reinforce its dependable recurring revenue stream, while the Kirkland Signature brand continues to drive margin strength. Robust e-commerce momentum and growing adoption of digital fulfillment services enhance Costco’s omnichannel reach, driving traffic.
Strategic sourcing, diversification, and supply chain efficiency have helped mitigate tariff and cost pressures. Backed by a solid liquidity position, Costco remains well-positioned to capitalize on global growth opportunities. The Zacks analyst expect’s Costco to register a 10.9% adjusted earnings per share increase in fiscal 2026 on 7.7% revenue growth
(You can read the full research report on Costco here >>>)
Cisco’ shares have outperformed the Zacks Computer - Networking industry over the year-to-date period (+35.2% vs. +34.5%). The company’s business model has evolved with subscription revenues accounting for more than half of its total revenues. An increase in recurring revenue base bodes well for investors. Splunk's acquisition enhances the company’s recurring revenue base.
The buyout significantly expands Cisco’s portfolio of software-based solutions, contributing more than $4 billion in ARR and making it one of the largest software companies in the world. The launch of AI-powered Hypershield, which combines security and networking, strengthened Cisco’s security portfolio.
Networking sales benefited from strong demand for AI infrastructure and campus networking solutions. Product orders from service provider and cloud customers were strong, driven by high double-digit order growth in hyperscalers. However, stiffening competition is a headwind.
(You can read the full research report on Cisco here >>>)
Shares of Universal Health Realty have outperformed the Zacks REIT and Equity Trust - Other industry over the year-to-date period (+12.3% vs. +7.7%). This microcap company with a market capitalization of $548.38 million offers stable, inflation-linked rental income supported by long-term leases and high occupancy, while its dividend remains well covered by recurring Funds From Operations (FFO).
UHS-backed leases with built-in escalators and guarantees enhance cash-flow visibility, while conservative leverage, ample liquidity and active interest-rate hedging reinforce financial resilience. Strategic healthcare assets and new MOBs development support long-term demand. Key risks include heavy UHS tenant concentration, reduced swap effectiveness, elevated leverage limiting flexibility and constrained capital-markets access.
The valuation suggests investors are paying a moderate premium for stability and income durability, while still receiving a discount to higher-growth healthcare real estate investment trust (REIT) peers.
(You can read the full research report on Universal Health Realty Income here >>>)
Shares of New England Realty have underperformed the Zacks Real Estate - Operations industry over the year-to-date period (-10.5% vs. +14.3%). This microcap company with a market capitalization of $197.14 million has rising leverage ($511.2 million), net income compression and softening new lease rates. A liquidity covenant breach and floating-rate debt add refinancing risk. Despite near-term pressures, shares trade at just 0.7x P/E vs. sector 17.8x, offering compelling upside.
Nevertheless, NERA is capitalizing on favorable urbanization and housing supply-demand imbalances in Eastern Massachusetts and Southern New Hampshire, expanding assets by 25% YTD. The Hill Estates acquisition and Mill Street development align with strong demographic and affordability trends. Rental income rose 9.1% to $65 million, supported by resilient renewal pricing (+5.7%) and high occupancy.
Long-term demand fundamentals, including Boston’s robust job market and limited new housing starts, enhance rental pricing power and asset appreciation. Strategic use of Chapter 40B programs provides financing advantages.
(You can read the full research report on New England Realty here >>>)
Other noteworthy reports we are featuring today include Medtronic plc (MDT), Corning Inc. (GLW) and TC Energy Corp. (TRP).
Mark Vickery
Senior Editor
Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>
Today's Must Read
Featured Reports
Medtronic (MDT) Gains in Market Share, Global Growth Robust
The Zacks analyst is impressed with Medtronic's market share gains across core businesses. The company posted strong international revenue growth in fiscal Q1, reflecting broad-based global growth.
TC Energy (TRP) to Gain from North American Natural Gas Demand
The Zacks analyst believes TC Energy is uniquely positioned to capitalize on the growing North American natural gas demand, driven by LNG exports and the electricity needs of AI data centers.
Sun Life (SLF) Gains on Solid Asia Business Amid High Costs
Per the Zacks analyst, Sun Life is set for grow on solid Asia business that are expected to provide higher return and expanding global asset management business. However, high costs remain a concern.
Renewable Energy Focus and Investments Aid CMS Energy (CMS)
According to the Zacks analyst, CMS Energy plans capital expenditure of $20 billion during 2025-2029 period, which should further strengthen its operations and expand its renewable portfolio.
Molson Coors (TAP) Benefits From Premiumization andInnovation
Per the Zacks analyst, Molson Coors boasts a strong portfolio of well-established brands. The company remains committed to growing its market share through innovation and premiumization.
Improved Menu Pricing Aid Brinker's (EAT) Performance, Amid High Costs
Per the Zacks analyst, Brinker is benefiting from improved menu pricing and expansion efforts. However, rising restaurant labor and commodity costs are a concern.
Acquisitions, Strong Cash Flows Drive Select Medical (SEM)
Per the Zacks Analyst, numerous buyouts have resulted in a geographically diversified portfolio and strengthened U.S. footprint for the company. Also, strong cash flows enable business investments.
New Upgrades
Corning (GLW) Rides on Strength in Multiple Verticals, AI Focus
Per the Zacks analyst, growing adoption of innovative optical connectivity products for generative AI applications and healthy demand for advanced Gorilla glass will likely drive Corning's top line.
Reddit (RDDT) Rides on Growing User Engagement, AI Features
Per the Zacks analyst, Reddit is benefiting from strong growth in user engagement driven by AI-powered features, including Reddit Answers.
Focus on Alternatives, Solid Liquidity Aid Affiliated Managers (AMG)
Per the Zacks analyst, Affiliated Managers is well-placed for growth, driven by focus on the alternatives strategies, successful partnerships, global distribution capability and a solid balance sheet.
New Downgrades
Corcept's (CORT) Korlym Dependence for Sales Raises Concerns
Per the Zacks analyst, Corcept's sole reliance on its Cushing's syndrome drug, Korlym, for revenue is concerning. Recent pipeline setbacks weigh heavily on the stock.
Alaska Air (ALK) to Face Pressure From High Costs and Operational Risks
Per the Zacks analyst, Alaska Air is likely to encounter margin strain from soaring labor costs, debt obligations, safety concerns, and operational challenges.
Weak Residential Business Performance Hurt Generac (GNRC)
Per the Zacks analyst, Generac's Residential business segment was hurt by a lower power outage environment. Residential product sales are expected to decline by mid-single-digit percentage in 2025.
Radical New Technology Could Hand Investors Huge Gains
Quantum Computing is the next technological revolution, and it could be even more advanced than AI.
While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.
Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.
Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.
See Top Quantum Stocks Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report
Medtronic PLC (MDT) : Free Stock Analysis Report
Oracle Corporation (ORCL) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Top Analyst Reports for Oracle, Costco & Cisco

TC Energy Corporation TRP reported third-quarter 2025 adjusted earnings of 56 cents per share, which came in line with the Zacks Consensus Estimate.This performance was driven by robust results from the company’s Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines and Mexico Natural Gas Pipelines segments. However, the bottom line decreased from 76 cents reported in the year-ago period. This year-over-year underperformance can be attributed to weak results in the Power and Energy Solutions segment.
This North America’s energy infrastructure provider's quarterly revenues of $3.7 billion outpaced the Zacks Consensus Estimate by $49 million. However, the figure decreased 10.1% year over year.
TC Energy’s comparable EBITDA was C$2.7 billion, down from C$2.8 billion in the prior year. Moreover, the figure missed our estimate of C$2.8 billion.
TRP’s board of directors declared a quarterly dividend of 85 Canadian cents per common share for the quarter ending Dec. 31, 2025, translating to an annualized dividend rate of $3.40.
TC Energy Corporation Price, Consensus and EPS Surprise
TRP’s Segmental Information
Canadian Natural Gas Pipelines reported a comparable EBITDA of C$913 million, up 8% from the year-ago quarter’s level. This was driven by increased contributions from Coastal GasLink. However, the figure missed our estimate of C$979 million.
The company reported continued growth across the Canadian Natural Gas Pipelines, with deliveries on its Natural Gas Pipelines averaging 23.0 Bcf/d, up 2% from the third quarter of 2024. It also noted that NGTL system receipts averaged 14.0 Bcf/d, reflecting a 1% year-over-year increase.
U.S. Natural Gas Pipelines reported a comparable EBITDA of C$1,062 million, indicating a 6% increase from the prior-year quarter’s actual. The rise in U.S. Natural Gas Pipelines’ comparable EBITDA was mainly driven by higher earnings from Columbia Gas, supported by increased transportation rates that took effect on April 1, 2025, pending final approval in the ongoing rate case.
The company also benefited from incremental earnings from newly placed projects and additional contract sales. Additionally, the figure beat our estimate of C$980.1 million.
The company reported that its U.S. Natural Gas Pipelines segment continued to operate at stable levels, with average daily flows of 26.3 Bcf/d, essentially unchanged from the third quarter of 2024. It also noted a surge in LNG-related activity, as deliveries to LNG facilities averaged 3.7 Bcf/d, up 15% year over year, and reached a new peak of 4.0 Bcf on Aug. 7, 2025.
Mexico Natural Gas Pipelines reported a comparable EBITDA of C$416 million, up 57% from the year-ago quarter’s reported figure of C$265 million. The figure exceeded our estimate of C$314.2 million.
The sharp increase in Mexico Natural Gas Pipelines’ comparable EBITDA was mainly driven by higher earnings from TGNH following the completion of the Southeast Gateway pipeline. The company reported that flows through its Mexico Natural Gas Pipelines averaged 3.3 Bcf/d, representing a 2% increase compared with the third quarter of 2024.
Power and Energy Solutions registered a comparable EBITDA of C$266 million, down 18.4% from the year-ago quarter’s level of C$326 million. The figure also missed our estimation of C$328 million. The decrease in Power and Energy Solutions’ comparable EBITDA was mainly due to lower net contributions from Bruce Power, reflecting reduced generation caused by the Unit 4 Major Component Replacement, and further pressured by lower realized power prices in Canadian Power.
TRP’s Expenditure and Balance Sheet
As of Sept. 30, 2025, TC Energy’s capital investments amounted to C$1.5 billion.
TRP had cash and cash equivalents worth C$1.8 billion and long-term debt of C$44.4 billion, with a debt-to-capitalization of 59.5% as of the same date.
TRP’s 2025 Guidance
TC Energy expects 2025 to deliver comparable EBITDA between C$10.8-C$11 billion, supported by strong project execution and disciplined operations. At the same time, the company anticipates capital expenditures to trend toward the lower end of its $6.1-$6.6 billion guidance, with net spending likely to settle within the $5.5-$6 billion range thanks to enhanced efficiency. Looking into 2026, the company expects EBITDA to rise to C$11.6-C$11.8 billion, signaling a healthy 6-8% year-over-year increase as new projects come online.
Extending its outlook further, the company anticipates EBITDA to reach C$12.6-C$13.1 billion by 2028, reflecting a solid 5-7% annual growth rate driven by long-term contracted assets and steady demand.
Additionally, the company expects its comparable earnings per common share (EPS) outlook to remain aligned with the guidance provided in its 2024 Annual Report. TC Energy anticipates that EPS will come in lower than the prior year’s level.
Alongside this financial momentum, the company expects to maintain its long-term leverage target of 4.75x debt-to-EBITDA while advancing low-risk, in-corridor expansions supported by take-or-pay and cost-of-service agreements.
TRP currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Important Earnings at a Glance
While we have discussed TRP’s third-quarter results in detail, let us take a look at three other key reports in this space.
Liberty Energy Inc. LBRT, a leading pressure pumping and oilfield services firm headquartered in Denver, posted a third-quarter 2025 adjusted net loss of 6 cents per share, wider than the Zacks Consensus Estimate of a loss of 1 cent. Moreover, the bottom line decreased sharply from the year-ago quarter’s profit of 45 cents. The company's underperformance can be attributed to macroeconomic headwinds accompanied by a slowdown in the industry’s frac activity and market pricing pressure.
As of Sept. 30, Liberty Energy had approximately $13.4 million in cash and cash equivalents. The pressure pumper’s long-term debt of $253 million represented a debt-to-capitalization of 10.9%.
San Antonio-based Valero Energy Corporation VLO, a leading independent refiner and marketer of transportation fuels and petrochemical products, reported third-quarter 2025 adjusted earnings of $3.66 per share, which beat the Zacks Consensus Estimate of $2.95. The bottom line improved from the year-ago quarter’s level of $1.16. Better-than-expected quarterly results can be primarily attributed to an increase in refining margins, higher ethanol margins and lower total cost of sales.
The company had cash and cash equivalents of $4.8 billion at the end of the third quarter. As of Sept. 30, 2025, it had a total debt of $8.4 billion and finance-lease obligations of $2.2 billion.
Houston-based Halliburton Company HAL, one of the world’s largest oilfield services providers specializing in drilling and well completions, posted third-quarter 2025 adjusted net income per share of 58 cents, beating the Zacks Consensus Estimate of 50 cents. The outperformance primarily reflects successful cost reduction initiatives. However, the bottom line fell from the year-ago adjusted profit of 73 cents due to softer activity in North America.
As of Sept. 30, 2025, the company had approximately $2 billion in cash/cash equivalents and $7.2 billion in long-term debt, representing a debt-to-capitalization ratio of 41.1.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

TC Energy Q3 Earnings Match Estimates, Revenues Beat, Both Fall Y/Y

The following companies are expected to report earnings prior to market open on 11/06/2025. Visit our Earnings Calendar for a full list of expected earnings releases.
Astrazeneca PLC (AZN)is reporting for the quarter ending September 30, 2025. The biomedical (gene) company's consensus earnings per share forecast from the 5 analysts that follow the stock is $1.14. This value represents a 9.62% increase compared to the same quarter last year. AZN missed the consensus earnings per share in the 4th calendar quarter of 2024 by -1.87%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for AZN is 17.99 vs. an industry ratio of -2.70, implying that they will have a higher earnings growth than their competitors in the same industry.
ConocoPhillips (COP)is reporting for the quarter ending September 30, 2025. The oil company's consensus earnings per share forecast from the 8 analysts that follow the stock is $1.40. This value represents a 21.35% decrease compared to the same quarter last year. In the past year COP has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 4.41%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for COP is 14.07 vs. an industry ratio of -22.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Parker-Hannifin Corporation (PH)is reporting for the quarter ending September 30, 2025. The machinery company's consensus earnings per share forecast from the 8 analysts that follow the stock is $6.67. This value represents a 7.58% increase compared to the same quarter last year. In the past year PH has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 8.62%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for PH is 26.41 vs. an industry ratio of 15.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Canadian Natural Resources Limited (CNQ)is reporting for the quarter ending September 30, 2025. The oil company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.54. This value represents a 23.94% decrease compared to the same quarter last year. CNQ missed the consensus earnings per share in the 4th calendar quarter of 2024 by -4.35%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for CNQ is 12.91 vs. an industry ratio of 8.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Vistra Corp. (VST)is reporting for the quarter ending September 30, 2025. The electric power utilities company's consensus earnings per share forecast from the 3 analysts that follow the stock is $1.20. This value represents a 77.14% decrease compared to the same quarter last year. VST missed the consensus earnings per share in the 4th calendar quarter of 2024 by -47.47%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for VST is 27.31 vs. an industry ratio of 18.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Warner Bros. Discovery, Inc. (WBD)is reporting for the quarter ending September 30, 2025. The broadcast (radio/tv) company's consensus earnings per share forecast from the 7 analysts that follow the stock is $-0.04. This value represents a 180.00% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2025 Price to Earnings ratio for WBD is 61.08 vs. an industry ratio of 36.80, implying that they will have a higher earnings growth than their competitors in the same industry.
Air Products and Chemicals, Inc. (APD)is reporting for the quarter ending September 30, 2025. The chemical company's consensus earnings per share forecast from the 7 analysts that follow the stock is $3.41. This value represents a 4.21% decrease compared to the same quarter last year. APD missed the consensus earnings per share in the 1st calendar quarter of 2025 by -5.28%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for APD is 20.03 vs. an industry ratio of 10.10, implying that they will have a higher earnings growth than their competitors in the same industry.
TC Energy Corporation (TRP)is reporting for the quarter ending September 30, 2025. The alternative energy company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.56. This value represents a 26.32% decrease compared to the same quarter last year. TRP missed the consensus earnings per share in the 1st calendar quarter of 2025 by -5.71%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for TRP is 19.08 vs. an industry ratio of 75.30.
Becton, Dickinson and Company (BDX)is reporting for the quarter ending September 30, 2025. The medical/dental supplies company's consensus earnings per share forecast from the 9 analysts that follow the stock is $3.91. This value represents a 2.62% increase compared to the same quarter last year. In the past year BDX has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 7.6%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for BDX is 12.43 vs. an industry ratio of 15.70.
Datadog, Inc. (DDOG)is reporting for the quarter ending September 30, 2025. The internet software company's consensus earnings per share forecast from the 11 analysts that follow the stock is $0.07. This value represents a 53.33% decrease compared to the same quarter last year. In the past year DDOG has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2025 Price to Earnings ratio for DDOG is 508.10 vs. an industry ratio of 25.80, implying that they will have a higher earnings growth than their competitors in the same industry.
Rockwell Automation, Inc. (ROK)is reporting for the quarter ending September 30, 2025. The electrical instrument company's consensus earnings per share forecast from the 7 analysts that follow the stock is $2.94. This value represents a 19.03% increase compared to the same quarter last year. In the past year ROK has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 4.83%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for ROK is 36.13 vs. an industry ratio of 3.90, implying that they will have a higher earnings growth than their competitors in the same industry.
NRG Energy, Inc. (NRG)is reporting for the quarter ending September 30, 2025. The electric power utilities company's consensus earnings per share forecast from the 2 analysts that follow the stock is $2.26. This value represents a 22.16% increase compared to the same quarter last year. NRG missed the consensus earnings per share in the 3rd calendar quarter of 2024 by -9.76%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for NRG is 20.61 vs. an industry ratio of 18.90, implying that they will have a higher earnings growth than their competitors in the same industry.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Indicator	TTM Median
P/E	27.51 15.06
Price/Sales	6.14 1.49
P/B	2.05 1.45
P/FCF	46.87 10.18

Indicator	TTM Median
ROE	8.85 14.12
ROA	2.86 6.64
ROI	3.58 8.40
Net Worth	55.98 1.78
Quick Ratio	0.56 1.07
Current Ratio	0.63 1.23

Indicator	TTM Median
Net Profit Margin	27.29 14.29
Operating Margin	55.74 21.60
Gross Margin	69.68 48.15
Return on tangible equity	13.67 17.38

Indicator	TTM Median
EPS	0.70 0.40
EPS Forecast	0.65 0.36
Revenue	2.99B 211.50M
Gross Profit	2.08B —
EBITDA	1.91B —

TC Energy Corporation

TTM metrics for the latest quarter under IFRS and their historical dynamics

Valuation

Debts

Efficiency

Other ratios

Revenue