Hess Midstream Partners LP (HESM)vsTC Energy Corp (TRP)
HESM
Hess Midstream Partners LP
$38.78
-1.00%
ENERGY · Cap: $8.16B
TRP
TC Energy Corp
$59.78
-1.16%
ENERGY · Cap: $64.22B
Smart Verdict
WallStSmart Research — data-driven comparison
TC Energy Corp generates 872% more annual revenue ($15.69B vs $1.61B). HESM leads profitability with a 23.2% profit margin vs 22.9%. HESM appears more attractively valued with a PEG of 1.57. TRP earns a higher WallStSmart Score of 63/100 (C+).
HESM
Buy58
out of 100
Grade: C
TRP
Buy63
out of 100
Grade: C+
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
-15.4%
Fair Value
$31.55
Current Price
$38.78
$7.23 premium
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
Every $100 of equity generates 71 in profit
Strong operational efficiency at 63.5%
Keeps 23 of every $100 in revenue as profit
Attractively priced relative to earnings
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
Trading at 9.7x book value
1.4% earnings growth
Revenue declined 3.7%
Expensive relative to growth rate
Distress zone — elevated risk
Elevated debt levels
Comparative Analysis Report
WallStSmart ResearchBull Case : HESM
The strongest argument for HESM centers on Return on Equity, Operating Margin, Profit Margin. Profitability is solid with margins at 23.2% and operating margin at 63.5%.
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 : HESM
The primary concerns for HESM are PEG Ratio, Price/Book, EPS Growth. Debt-to-equity of 7.15 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
HESM profiles as a declining 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.
TRP is growing revenue faster at 5.7% — 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 58/100), 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.
Hess Midstream Partners LP
ENERGY · OIL & GAS MIDSTREAM · USA
Hess Midstream LP owns, develops, operates and acquires midstream assets. The company is headquartered in Houston, Texas.
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.
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