TC Energy Corp (TRP)vsWestern Midstream Partners LP (WES)
TRP
TC Energy Corp
$60.88
-1.66%
ENERGY · Cap: $65.23B
WES
Western Midstream Partners LP
$49.03
+1.74%
ENERGY · Cap: $20.42B
Smart Verdict
WallStSmart Research — data-driven comparison
TC Energy Corp generates 262% more annual revenue ($15.69B vs $4.33B). WES leads profitability with a 29.0% profit margin vs 22.9%. TRP appears more attractively valued with a PEG of 3.32. WES earns a higher WallStSmart Score of 69/100 (B-).
TRP
Buy61
out of 100
Grade: C+
WES
Strong Buy69
out of 100
Grade: B-
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
-44.3%
Fair Value
$42.21
Current Price
$60.88
$18.67 premium
Margin of Safety
+1.4%
Fair Value
$43.03
Current Price
$49.03
$6.00 discount
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
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
Strong operational efficiency at 41.7%
Revenue surging 30.0% year-over-year
Every $100 of equity generates 30 in profit
Keeps 29 of every $100 in revenue as profit
Attractively priced relative to earnings
Areas to Watch
Expensive relative to growth rate
Distress zone — elevated risk
Elevated debt levels
Weak financial health signals
Expensive relative to growth rate
Negative free cash flow — burning cash
Elevated debt levels
Comparative Analysis Report
WallStSmart ResearchBull 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%.
Bull Case : WES
The strongest argument for WES centers on Operating Margin, Revenue Growth, Return on Equity. Profitability is solid with margins at 29.0% and operating margin at 41.7%. Revenue growth of 30.0% demonstrates continued momentum.
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.
Bear Case : WES
The primary concerns for WES are Piotroski F-Score, PEG Ratio, Free Cash Flow. Debt-to-equity of 2.14 is elevated, increasing financial risk.
Key Dynamics to Monitor
TRP profiles as a mature stock while WES is a growth play — different risk/reward profiles.
TRP carries more volatility with a beta of 0.95 — expect wider price swings.
WES is growing revenue faster at 30.0% — sustainability is the question.
TRP generates stronger free cash flow (1.3B), providing more financial flexibility.
Bottom Line
WES scores higher overall (69/100 vs 61/100), backed by strong 29.0% margins and 30.0% revenue growth. 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.
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.
Western Midstream Partners LP
ENERGY · OIL & GAS MIDSTREAM · USA
Western Midstream Partners, LP, acquires, owns, develops and operates midstream assets primarily in the United States.
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