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Coastal GasLink Capacity Expansion Might Change The Case For Investing In TC Energy (TSX:TRP)

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The potential expansion of the Coastal GasLink pipeline could significantly influence investor sentiment towards TC Energy.

TC Energy Corp is currently in the spotlight due to discussions about the Coastal GasLink capacity expansion. This development may reshape the investment landscape for the company, which has recently seen an uptick in its stock performance. The last close was C$85.29, reflecting a 0.59% increase in the stock price over one day and a 3.08% increase over the past week.

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TC Energy Corp

TRP.TO

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TRP.TO

TC Energy Corp

Source:WealthAwesomeWealthAwesome
↑ $2.76 (3.36%)
120 day period
$80.52$89.53$98.54Apr 15Jul 10Oct 5

Market cap

$88.35B

P/E

24.3x

Div. yield

4.10%

Div. / share

$3.46

52W high

$98.71

52W low

$66.63

1W change

+3.08%

Beta

0.98

Analyst Price Targets

Based on analyst covering TRP · as of Oct 1, 2026

📈

Wall Street analysts forecast TRP stock price to rise 17.7% over the next 12 months.

Consensus

Bullish

Based on avg. target vs last close (formal rating unavailable for Canadian listings)

Avg. Target

C$99.78

+17.7% Upside

Previously C$99.57 on Sep 21, 2026

Current Price

C$84.81

Last close

Compare analyst targets →

Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.

Wealth Awesome Price Forecast

WA Model

Statistical 90-day price range based on TRP's historical volatility

HistoricalForecast68%95%
C$57.18C$66.04C$74.91C$83.77C$92.63C$101.49TodayMay 28Jul 31Oct 5Nov 17Dec 31Feb 12

30-Day Vol

15.8%

Annualized

90-Day Vol

19.2%

Annualized

Trend (90d)

-49.0%

Annualized drift

90d Mean

C$71.20

Expected price

HorizonExpected68% Range (1σ)
30 trading daysC$80.01C$75.76 – C$84.49
60 trading daysC$75.47C$69.88 – C$81.52
90 trading daysC$71.20C$64.78 – C$78.24

Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.

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Investor takeaway: Investors should consider how the Coastal GasLink expansion could impact TC Energy's long-term growth prospects.

TC Energy's stock price closes at C$85.29 with a 1.13x volume increase.

In the latest trading session, TC Energy's shares rose by 0.59%, with a total volume of 1,864,869 shares traded, indicating heightened investor interest.

Bull case

The Coastal GasLink expansion could boost TC Energy's revenue potential and strengthen its position in the energy sector. This project may lead to increased capacity, which could positively affect the company's growth and profitability.

Bear case

However, any delays or regulatory hurdles regarding the Coastal GasLink expansion might raise concerns about TC Energy's future growth and profitability. Investors should be cautious as these factors could impact the company's performance.

What Happened

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The news about the Coastal GasLink capacity expansion has emerged, potentially altering the investment case for TC Energy Corp. This follows TC Energy's ongoing efforts to advance the Coastal GasLink Phase 2 expansion plans. The stock's last close was C$85.29, which is currently 2.8% below its 50-day moving average of C$87.73 and 2.4% below its 200-day moving average of C$87.43.

What the Numbers Show

As of the latest trading session, TC Energy's stock closed at C$85.29, reflecting a 0.59% increase in price. The trading volume was 1,864,869 shares, which is about 1.13 times the 20-day average volume of 7,102,534 shares. Year-to-date, the stock has gained 13.69%, indicating a positive trend despite a slight decline of 0.94% over the past month. The stock has traded within a 52-week range of C$66.63 to C$98.71, currently standing at approximately 58% of this range.

What to Watch Next

Investors should keep an eye on any further developments regarding the Coastal GasLink expansion, including potential regulatory approvals and project timelines. Analysts have a bullish outlook on TC Energy, with an average target price of C$99.78, suggesting a potential upside of 17.0% from the current price. With a P/E ratio of 24.3 and a profit margin of 22.9%, the fundamentals indicate a strong position, but any setbacks in the expansion project could pose risks to these projections.


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Wealth Awesome
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Published: October 6, 2026
Last Updated: October 6, 2026

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