Tudor, Pickering, Holt on Friday maintained its buy rating on the shares of TC Energy (TRP.TO, TRP) with a C$90.00 price target after the company reported first-quarter results.

"Positive. TRP reported Q1'26 comparable EBITDA of C$3,088MM, versus TPH (C$3,086MM) and Street estimates (C$3,047MM). U.S. Natural Gas Pipelines totaled C$1,497MM, versus our expectations of C$1,498MM. Power came in at C$243MM versus our estimate of C$229MM, Canadian Natural Gas Pipelines at C$919MM versus TPHe of C$925MM, and Mexico Natural Gas Pipelines at C$432MM versus TPHe of C$437MM. TRP reaffirmed its FY 2026 comparable EBITDA guidance range of C$11.6 to C$11.8B compared to TPH and Street estimates of C$11.805B and C$11.747B, respectively," analyst Zack Van Everen wrote.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Price: 90.26, Change: -0.83, Percent Change: -0.91