TC Energy faces many of the same challenges as Canadian pipeline peer Enbridge but also offers important contrasts. Both firms offer a 5%-7% growth profile and a utilitylike 95%-98% of earnings that are highly regulated or contracted, with several years of project backlog. Enbridge largely focuses on oil assets, while TC’s focus is natural gas.
TC Energy has strong growth opportunities in Mexican natural gas as well as liquefied natural gas.
The firm is still expected to rely on capital markets for about 20% of its spending program, while Canadian and US peers are already generating free cash flow after dividends.
|
Metric
|
TRP
|
WMB
|
PPL
|
|---|---|---|---|
Price/Earnings (Normalized) | 14.76 | 23.08 | 17.08 |
Price/Book Value | 2.37 | 4.49 | 2.15 |
Price/Sales | 3.97 | 5.28 | 3.81 |
Price/Cash Flow | 8.65 | 9.19 | 10.22 |
|
Metric
|
TRP
|
WMB
|
PPL
|
|---|---|---|---|
Quick Ratio | 0.47 | 0.31 | 0.54 |
Current Ratio | 0.76 | 0.45 | 0.68 |
Interest Coverage | 2.70 | 3.82 | 4.30 |
|
Metric
|
TRP
|
WMB
|
PPL
|
|---|---|---|---|
Return on Assets (Normalized) | 4.07% | 4.84% | 7.66% |
Return on Equity (Normalized) | 17.44% | 20.60% | 18.11% |
Return on Invested Capital (Normalized) | 6.86% | 8.52% | 10.46% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Enbridge Inc
ENB
| Mmhhdzjl | Dpxbpm | $88.9 Bil | |||
| Enterprise Products Partners LP
EPD
| Cdptynwfvz | Whlr | $63.3 Bil | |||
| Williams Companies Inc
WMB
| Skyfmwwg | Jkglrd | $55.0 Bil | |||
| Energy Transfer LP
ET
| Nncy | Xpml | $55.0 Bil | |||
| ONEOK Inc
OKE
| Wxrzhpk | Ntbsnb | $52.7 Bil | |||
| TC Energy Corp
TRP
| Dnmklbb | Qntbtl | $48.6 Bil | |||
| Kinder Morgan Inc Class P
KMI
| Nstttmd | Qhghclq | $48.4 Bil | |||
| MPLX LP Partnership Units
MPLX
| Lrkfpxd | Fxccvnd | $45.6 Bil | |||
| Cheniere Energy Inc
LNG
| Sdbwkncy | Vjtbk | $40.6 Bil | |||
| Targa Resources Corp
TRGP
| Lhslfjzs | Bhwwm | $32.2 Bil |
:quality(80)/author-service-images-prod-us-east-1.publishing.aws.arc.pub/morningstar/689ab3b8-4029-4d7c-9975-43e4305e927a.jpg)
United States