Hess Midstream Partners LP (HESM)vsTC Energy Corp (TRP)
HESM
Hess Midstream Partners LP
$38.82
-0.38%
ENERGY · Cap: $7.95B
TRP
TC Energy Corp
$68.43
-0.39%
ENERGY · Cap: $70.53B
Smart Verdict
WallStSmart Research — data-driven comparison
TC Energy Corp generates 850% more annual revenue ($15.48B vs $1.63B). HESM leads profitability with a 22.6% profit margin vs 22.2%. HESM appears more attractively valued with a PEG of 1.57. HESM earns a higher WallStSmart Score of 60/100 (C+).
HESM
Buy60
out of 100
Grade: C+
TRP
Buy55
out of 100
Grade: C
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
-16.3%
Fair Value
$31.30
Current Price
$38.82
$7.52 premium
Margin of Safety
-48.9%
Fair Value
$40.92
Current Price
$68.43
$27.51 premium
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Every $100 of equity generates 71 in profit
Strong operational efficiency at 61.0%
Keeps 23 of every $100 in revenue as profit
Attractively priced relative to earnings
Strong operational efficiency at 47.5%
Large-cap with strong market position
Keeps 22 of every $100 in revenue as profit
Generating 1.1B in free cash flow
Areas to Watch
Expensive relative to growth rate
Trading at 9.6x book value
2.1% revenue growth
4.8% earnings growth
Moderate valuation
Expensive relative to growth rate
Earnings declined 8.5%
Distress zone — elevated risk
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 22.6% and operating margin at 61.0%.
Bull Case : TRP
The strongest argument for TRP centers on Operating Margin, Market Cap, Profit Margin. Profitability is solid with margins at 22.2% and operating margin at 47.5%.
Bear Case : HESM
The primary concerns for HESM are PEG Ratio, Price/Book, Revenue Growth. Debt-to-equity of 7.28 is elevated, increasing financial risk.
Bear Case : TRP
The primary concerns for TRP are P/E Ratio, PEG Ratio, EPS Growth. Debt-to-equity of 2.25 is elevated, increasing financial risk.
Key Dynamics to Monitor
HESM profiles as a value stock while TRP is a mature play — different risk/reward profiles.
TRP carries more volatility with a beta of 0.98 — expect wider price swings.
TRP is growing revenue faster at 6.6% — sustainability is the question.
TRP generates stronger free cash flow (1.1B), providing more financial flexibility.
Bottom Line
HESM scores higher overall (60/100 vs 55/100), backed by strong 22.6% 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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