NGL Energy Partners LP (NGL)vsTC Energy Corp (TRP)
NGL
NGL Energy Partners LP
$16.15
-0.80%
ENERGY · Cap: $2.20B
TRP
TC Energy Corp
$59.78
-1.16%
ENERGY · Cap: $64.22B
Smart Verdict
WallStSmart Research — data-driven comparison
TC Energy Corp generates 345% more annual revenue ($15.69B vs $3.52B). TRP leads profitability with a 22.9% profit margin vs -3.8%. TRP appears more attractively valued with a PEG of 2.97. TRP earns a higher WallStSmart Score of 63/100 (C+).
NGL
Buy52
out of 100
Grade: C-
TRP
Buy63
out of 100
Grade: C+
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
+10.0%
Fair Value
$12.73
Current Price
$16.15
$3.42 discount
Margin of Safety
-44.2%
Fair Value
$42.26
Current Price
$59.78
$17.52 premium
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Revenue surging 59.1% year-over-year
Earnings expanding 1129.0% YoY
Every $100 of equity generates 26 in profit
Strong operational efficiency at 44.3%
Large-cap with strong market position
Keeps 23 of every $100 in revenue as profit
Generating 1.3B in free cash flow
Areas to Watch
Expensive relative to growth rate
Negative free cash flow — burning cash
Currently unprofitable
Elevated debt levels
Expensive relative to growth rate
Distress zone — elevated risk
Elevated debt levels
Comparative Analysis Report
WallStSmart ResearchBull Case : NGL
The strongest argument for NGL centers on Revenue Growth, EPS Growth, Return on Equity. Revenue growth of 59.1% demonstrates continued momentum.
Bull Case : TRP
The strongest argument for TRP centers on Operating Margin, Market Cap, Profit Margin. Profitability is solid with margins at 22.9% and operating margin at 44.3%.
Bear Case : NGL
The primary concerns for NGL are PEG Ratio, Free Cash Flow, Profit Margin. Debt-to-equity of 103.75 is elevated, increasing financial risk.
Bear Case : TRP
The primary concerns for TRP are PEG Ratio, Altman Z-Score, Debt/Equity. Debt-to-equity of 2.30 is elevated, increasing financial risk.
Key Dynamics to Monitor
NGL profiles as a hypergrowth stock while TRP is a mature play — different risk/reward profiles.
TRP carries more volatility with a beta of 0.95 — expect wider price swings.
NGL is growing revenue faster at 59.1% — sustainability is the question.
TRP generates stronger free cash flow (1.3B), providing more financial flexibility.
Bottom Line
TRP scores higher overall (63/100 vs 52/100), backed by strong 22.9% 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.
NGL Energy Partners LP
ENERGY · OIL & GAS MIDSTREAM · USA
NGL Energy Partners LP is engaged in the crude oil and liquids logistics and water solutions businesses. The company is headquartered in Tulsa, Oklahoma.
Visit Website →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.
Compare with Other OIL & GAS MIDSTREAM Stocks
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