WallStSmart

Targa Resources Inc (TRGP)vsTC Energy Corp (TRP)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Targa Resources Inc generates 12% more annual revenue ($17.03B vs $15.24B). TRP leads profitability with a 23.1% profit margin vs 11.3%. TRGP appears more attractively valued with a PEG of 1.23. TRGP earns a higher WallStSmart Score of 66/100 (B-).

TRGP

Strong Buy

66

out of 100

Grade: B-

Growth: 4.7Profit: 8.0Value: 10.0Quality: 4.3
Piotroski: 4/9Altman Z: 1.41

TRP

Buy

59

out of 100

Grade: C

Growth: 6.0Profit: 7.5Value: 4.7Quality: 3.0
Piotroski: 4/9Altman Z: 0.48
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

TRGPUndervalued (+44.1%)

Margin of Safety

+44.1%

Fair Value

$397.33

Current Price

$245.46

$151.87 discount

UndervaluedFair: $397.33Overvalued
TRPSignificantly Overvalued (-216.8%)

Margin of Safety

-216.8%

Fair Value

$19.23

Current Price

$64.08

$44.85 premium

UndervaluedFair: $19.23Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

TRGP4 strengths · Avg: 9.3/10
Return on EquityProfitability
51.4%10/10

Every $100 of equity generates 51 in profit

EPS GrowthGrowth
74.5%10/10

Earnings expanding 74.5% YoY

Market CapQuality
$52.90B9/10

Large-cap with strong market position

Operating MarginProfitability
22.6%8/10

Strong operational efficiency at 22.6%

TRP4 strengths · Avg: 9.0/10
Operating MarginProfitability
45.4%10/10

Strong operational efficiency at 45.4%

Market CapQuality
$66.54B9/10

Large-cap with strong market position

Profit MarginProfitability
23.1%9/10

Keeps 23 of every $100 in revenue as profit

Revenue GrowthGrowth
16.5%8/10

16.5% revenue growth

Areas to Watch

TRGP4 concerns · Avg: 3.0/10
P/E RatioValuation
29.0x4/10

Moderate valuation

Price/BookValuation
17.2x4/10

Trading at 17.2x book value

Revenue GrowthGrowth
-7.9%2/10

Revenue declined 7.9%

Altman Z-ScoreHealth
1.412/10

Distress zone — elevated risk

TRP4 concerns · Avg: 3.0/10
P/E RatioValuation
25.3x4/10

Moderate valuation

EPS GrowthGrowth
0.5%4/10

0.5% earnings growth

PEG RatioValuation
4.612/10

Expensive relative to growth rate

Altman Z-ScoreHealth
0.482/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : TRGP

The strongest argument for TRGP centers on Return on Equity, EPS Growth, Market Cap. PEG of 1.23 suggests the stock is reasonably priced for its growth.

Bull Case : TRP

The strongest argument for TRP centers on Operating Margin, Market Cap, Profit Margin. Profitability is solid with margins at 23.1% and operating margin at 45.4%. Revenue growth of 16.5% demonstrates continued momentum.

Bear Case : TRGP

The primary concerns for TRGP are P/E Ratio, Price/Book, Revenue Growth.

Bear Case : TRP

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

Key Dynamics to Monitor

TRGP profiles as a declining stock while TRP is a growth play — different risk/reward profiles.

TRP carries more volatility with a beta of 1.00 — expect wider price swings.

TRP is growing revenue faster at 16.5% — sustainability is the question.

TRP generates stronger free cash flow (548M), providing more financial flexibility.

Bottom Line

TRGP scores higher overall (66/100 vs 59/100). Both earn "Strong 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.

Targa Resources Inc

ENERGY · OIL & GAS MIDSTREAM · USA

Targa Resources Corp. The company is headquartered in Houston, Texas.

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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