WallStSmart

Global Partners LP (GLP)vsTC Energy Corp (TRP)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Global Partners LP generates 22% more annual revenue ($18.56B vs $15.24B). TRP leads profitability with a 23.1% profit margin vs 0.4%. TRP appears more attractively valued with a PEG of 4.61. TRP earns a higher WallStSmart Score of 59/100 (C).

GLP

Hold

48

out of 100

Grade: D+

Growth: 4.7Profit: 5.0Value: 4.7Quality: 5.0

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

GLPSignificantly Overvalued (-55.1%)

Margin of Safety

-55.1%

Fair Value

$31.23

Current Price

$45.11

$13.88 premium

UndervaluedFair: $31.23Overvalued
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

GLP1 strengths · Avg: 8.0/10
Price/BookValuation
2.5x8/10

Reasonable price relative to book value

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

GLP4 concerns · Avg: 2.8/10
Market CapQuality
$1.58B3/10

Smaller company, higher risk/reward

Profit MarginProfitability
0.4%3/10

0.4% margin — thin

Operating MarginProfitability
1.2%3/10

Operating margin of 1.2%

PEG RatioValuation
6.182/10

Expensive relative to growth rate

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 : GLP

The strongest argument for GLP centers on Price/Book. Revenue growth of 11.0% 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 23.1% and operating margin at 45.4%. Revenue growth of 16.5% demonstrates continued momentum.

Bear Case : GLP

The primary concerns for GLP are Market Cap, Profit Margin, Operating Margin. Thin 0.4% margins leave little buffer for downturns.

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

GLP profiles as a value stock while TRP is a growth play — different risk/reward profiles.

GLP 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

TRP scores higher overall (59/100 vs 48/100), backed by strong 23.1% margins and 16.5% revenue growth. 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.

Global Partners LP

ENERGY · OIL & GAS MIDSTREAM · USA

Global Partners LP is engaged in the purchase, sale, collection, blending, storage and logistics of the transportation of gasoline and gasoline blends, distillates, residual oil, renewable fuels, crude oil and propane to wholesalers, retailers and commercial customers in New England. states and New York. The company is headquartered in Waltham, Massachusetts.

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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