WallStSmart

MPLX LP (MPLX)vsTC Energy Corp (TRP)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

TC Energy Corp generates 31% more annual revenue ($15.48B vs $11.82B). MPLX leads profitability with a 41.6% profit margin vs 22.2%. MPLX appears more attractively valued with a PEG of 3.29. MPLX earns a higher WallStSmart Score of 60/100 (C).

MPLX

Buy

60

out of 100

Grade: C

Growth: 5.3Profit: 9.0Value: 4.7Quality: 4.8
Piotroski: 2/9

TRP

Buy

55

out of 100

Grade: C

Growth: 4.7Profit: 7.5Value: 3.3Quality: 3.0
Piotroski: 4/9Altman Z: 0.48
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

MPLXOvervalued (-11.7%)

Margin of Safety

-11.7%

Fair Value

$49.89

Current Price

$54.00

$4.11 premium

UndervaluedFair: $49.89Overvalued
TRPSignificantly Overvalued (-33.9%)

Margin of Safety

-33.9%

Fair Value

$45.51

Current Price

$64.75

$19.24 premium

UndervaluedFair: $45.51Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

MPLX5 strengths · Avg: 9.4/10
Return on EquityProfitability
34.7%10/10

Every $100 of equity generates 35 in profit

Profit MarginProfitability
41.6%10/10

Keeps 42 of every $100 in revenue as profit

Operating MarginProfitability
42.9%10/10

Strong operational efficiency at 42.9%

Market CapQuality
$57.10B9/10

Large-cap with strong market position

P/E RatioValuation
12.2x8/10

Attractively priced relative to earnings

TRP4 strengths · Avg: 9.0/10
Operating MarginProfitability
47.5%10/10

Strong operational efficiency at 47.5%

Market CapQuality
$67.82B9/10

Large-cap with strong market position

Profit MarginProfitability
22.2%9/10

Keeps 22 of every $100 in revenue as profit

Free Cash FlowQuality
$1.10B8/10

Generating 1.1B in free cash flow

Areas to Watch

MPLX2 concerns · Avg: 2.5/10
Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

PEG RatioValuation
3.292/10

Expensive relative to growth rate

TRP4 concerns · Avg: 2.5/10
P/E RatioValuation
26.1x4/10

Moderate valuation

PEG RatioValuation
3.372/10

Expensive relative to growth rate

EPS GrowthGrowth
-8.5%2/10

Earnings declined 8.5%

Altman Z-ScoreHealth
0.482/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : MPLX

The strongest argument for MPLX centers on Return on Equity, Profit Margin, Operating Margin. Profitability is solid with margins at 41.6% and operating margin at 42.9%.

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 : MPLX

The primary concerns for MPLX are Piotroski F-Score, PEG Ratio.

Bear Case : TRP

The primary concerns for TRP are P/E Ratio, PEG Ratio, EPS Growth. Debt-to-equity of 2.23 is elevated, increasing financial risk.

Key Dynamics to Monitor

TRP carries more volatility with a beta of 0.97 — expect wider price swings.

MPLX is growing revenue faster at 7.1% — sustainability is the question.

TRP generates stronger free cash flow (1.1B), providing more financial flexibility.

Monitor OIL & GAS MIDSTREAM industry trends, competitive dynamics, and regulatory changes.

Bottom Line

MPLX scores higher overall (60/100 vs 55/100), backed by strong 41.6% margins. Both earn "Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

MPLX LP

ENERGY · OIL & GAS MIDSTREAM · USA

MPLX LP owns and operates energy infrastructure and midstream logistics assets primarily in the United States.

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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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