KNOT Offshore Partners LP (KNOP)vsTC Energy Corp (TRP)
KNOP
KNOT Offshore Partners LP
$10.74
-0.09%
ENERGY · Cap: $354.51M
TRP
TC Energy Corp
$68.68
-0.39%
ENERGY · Cap: $71.02B
Smart Verdict
WallStSmart Research — data-driven comparison
TC Energy Corp generates 4088% more annual revenue ($15.48B vs $369.59M). TRP leads profitability with a 22.2% profit margin vs 5.0%. TRP appears more attractively valued with a PEG of 4.45. TRP earns a higher WallStSmart Score of 55/100 (C).
KNOP
Hold46
out of 100
Grade: D+
TRP
Buy55
out of 100
Grade: C
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
+64.7%
Fair Value
$29.42
Current Price
$10.74
$18.68 discount
Margin of Safety
-48.9%
Fair Value
$40.92
Current Price
$68.68
$27.76 premium
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Reasonable price relative to book value
Strong operational efficiency at 47.5%
Large-cap with strong market position
Keeps 22 of every $100 in revenue as profit
Generating 1.1B in free cash flow
Areas to Watch
Premium valuation, high expectations priced in
Smaller company, higher risk/reward
ROE of 3.0% — below average capital efficiency
5.0% margin — thin
Moderate valuation
Expensive relative to growth rate
Earnings declined 8.5%
Distress zone — elevated risk
Comparative Analysis Report
WallStSmart ResearchBull Case : KNOP
The strongest argument for KNOP centers on Price/Book.
Bull Case : TRP
The strongest argument for TRP centers on Operating Margin, Market Cap, Profit Margin. Profitability is solid with margins at 22.2% and operating margin at 47.5%.
Bear Case : KNOP
The primary concerns for KNOP are P/E Ratio, Market Cap, Return on Equity. Debt-to-equity of 1.52 is elevated, increasing financial risk. Thin 5.0% margins leave little buffer for downturns.
Bear Case : TRP
The primary concerns for TRP are P/E Ratio, PEG Ratio, EPS Growth. Debt-to-equity of 2.25 is elevated, increasing financial risk.
Key Dynamics to Monitor
KNOP profiles as a value stock while TRP is a mature play — different risk/reward profiles.
TRP carries more volatility with a beta of 0.98 — expect wider price swings.
KNOP is growing revenue faster at 6.8% — sustainability is the question.
TRP generates stronger free cash flow (1.1B), providing more financial flexibility.
Bottom Line
TRP scores higher overall (55/100 vs 46/100), backed by strong 22.2% margins. KNOP offers better value entry with a 64.7% margin of safety. Both earn "Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.
This analysis is generated from publicly available financial data. Not financial advice.
KNOT Offshore Partners LP
ENERGY · OIL & GAS MIDSTREAM · USA
KNOT Offshore Partners LP owns and operates tanker vessels under long-term charters in the North Sea and Brazil. The company is headquartered in Aberdeen, the United Kingdom.
TC Energy Corp
ENERGY · OIL & GAS MIDSTREAM · USA
TC Energy Corporation is an energy infrastructure company in North America. The company is headquartered in Calgary, Canada.
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