TC Energy advances Coastal GasLink Phase 2 and TC Energy stock trades at EUR 53.85
Published on 10/09/2026 at 16:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- TC Energy announced Coastal GasLink Phase 2 on September 29, 2026, with capacity expected to nearly double from 2.1 Bcf/d.
- Goldman Sachs upgraded TC Energy to Buy and raised its target from USD 69 to USD 71 on September 30, 2026.
- TC Energy stock was trading at EUR 53.85 at Lang & Schwarz on October 9, 2026, plus 0.65 percent versus EUR 53.50.
- The next dated events are the EUR 0.88-equivalent quarterly dividend payment on October 30, 2026, and third-quarter results on November 5, 2026.
TC Energy (ISIN CA87807B1076) was trading at EUR 53.85 at Lang & Schwarz on October 9, 2026 at 4:31 p.m. CEST, while the company had announced Coastal GasLink Phase 2 on September 29, 2026. The project is designed to nearly double the pipeline's existing capacity and adds a long-term growth angle to the stock.
Three events shape the story
On July 30, 2026, Zonebourse reported second-quarter revenue of CAD 3.96 billion and adjusted earnings per share of CAD 0.94. On September 21, 2026, GlobeNewswire reported that TC Energy agreed to sell the Guadalajara-Manzanillo Pipeline for USD 400 million. On September 29, 2026, GlobeNewswire reported that Phase 2 would expand the 2.1 Bcf/d Coastal GasLink system along its existing 670-kilometer route.
What does Phase 2 add?
GlobeNewswire said the expansion is expected to nearly double existing capacity without building another pipeline. Construction is expected to begin in early 2027, with service anticipated in the early 2030s, and peak employment could reach 2,100 people.
Goldman target rises to USD 71
According to Markets Insider on September 30, 2026, Goldman Sachs upgraded TC Energy from Neutral to Buy and raised its target from USD 69 to USD 71. Goldman described the selloff as overdone while pointing to concerns about gas demand growth and higher interest rates as counter-factors.
Two dates now matter
The quarterly dividend is scheduled for payment on October 30, 2026, according to Zonebourse. Zacks lists November 5, 2026, as the next earnings release date.
TRP stock remains in trading
At Lang & Schwarz, TC Energy stock was trading at EUR 53.85 on October 9, 2026 at 4:31 p.m. CEST, plus 0.65 percent versus the prior close of EUR 53.50. The company is listed on the Toronto Stock Exchange and the New York Stock Exchange under TRP, according to the September 29, 2026 company release. The further course of trading is shown by the continuously updated real-time quote of TC Energy stock.
TC Energy stock facts
- Company: TC Energy Corporation
- ISIN: CA87807B1076
- Ticker: TRP
- Primary exchange: Toronto Stock Exchange and New York Stock Exchange
- Price Lang & Schwarz (as of October 9, 2026, 4:31 p.m. CEST): EUR 53.85
- Change versus prior close: plus 0.65 percent
- Prior close Lang & Schwarz (October 8, 2026): EUR 53.50
- Market capitalization: USD 62.8 billion (as of October 9, 2026)
- Sector / Industry: Energy / Oil and Gas Midstream
Market context: Market report S&P TSX Composite.
