TC Energy closes Coastal GasLink deal as TC Energy stock costs EUR 54.48

TC Energy (ISIN CA87807B1076) was trading at EUR 54.48 at Lang & Schwarz on October 15, 2026, at 11:06 a.m. CEST. The company had announced on October 13 that five First Nations would obtain an economic interest in the entity holding its limited partner interest in Coastal GasLink, according to Globe Newswire.

Three deals shape the story

On September 21, 2026, TC Energy announced the sale of its Guadalajara-Manzanillo Pipeline for USD 400.00 million in cash proceeds, according to the company's investor-relations page. On September 29, 2026, it announced that Coastal GasLink Phase 2 would proceed after LNG Canada's expansion decision. The October 13 agreement was the third event, giving five First Nations a stake in the investment structure and creating a second planned transaction for the fourth quarter of 2026.

What does the deal change?

The agreement connects local ownership with a pipeline that delivers 2.1 billion cubic feet of natural gas per day to LNG Canada. Coastal GasLink is 670 kilometers long, while Phase 2 is expected to nearly double system capacity, according to Globe Newswire. For TC Energy, the immediate significance is strategic rather than a disclosed change to quarterly earnings: the company remains operator and co-owner while expanding Indigenous participation around a core export asset.

TC Energy's investor-relations materials list a USD 22.0 billion secured capital program through 2031 and an annual dividend of USD 3.51 per share in 2026. The same materials say 98 percent of comparable EBITDA comes from rate-regulated assets or long-term take-or-pay contracts, giving the growth program a large contracted base, according to TC Energy.

Next reporting date is November 5

TC Energy is scheduled to report its next earnings before the market opens on November 5, 2026, according to Gekko. The same source says Goldman Sachs upgraded the stock from Neutral to Buy and raised its target from USD 69.00 to USD 71.00 on September 30, 2026. That target remains a separate US-dollar reference, not a replacement for the euro quotation.

Stock price and investor context

TC Energy's market capitalization was USD 63.7 billion as of October 14, 2026. Its NYSE listing showed a 52-week range of USD 49.27 to USD 71.47, placing the latest primary-market reference between those two levels.

The stock was trading at EUR 54.48 at Lang & Schwarz on October 15, 2026, at 11:06 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of TC Energy stock.

Market context: Market report S&P 500.

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