KNOT Offshore Partners LP (KNOP)vsTC Energy Corp (TRP)
KNOP
KNOT Offshore Partners LP
$11.30
+0.44%
ENERGY · Cap: $388.72M
TRP
TC Energy Corp
$61.54
-0.18%
ENERGY · Cap: $64.22B
Smart Verdict
WallStSmart Research — data-driven comparison
TC Energy Corp generates 4075% more annual revenue ($15.69B vs $375.78M). TRP leads profitability with a 22.9% profit margin vs 4.0%. TRP appears more attractively valued with a PEG of 2.97. TRP earns a higher WallStSmart Score of 63/100 (C+).
KNOP
Hold44
out of 100
Grade: D
TRP
Buy63
out of 100
Grade: C+
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
+64.4%
Fair Value
$29.18
Current Price
$11.30
$17.88 discount
Margin of Safety
-44.2%
Fair Value
$42.26
Current Price
$61.54
$19.28 premium
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Reasonable price relative to book value
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
Smaller company, higher risk/reward
ROE of 3.0% — below average capital efficiency
4.0% margin — thin
Elevated debt levels
Expensive relative to growth rate
Distress zone — elevated risk
Elevated debt levels
Comparative Analysis Report
WallStSmart ResearchBull Case : KNOP
The strongest argument for KNOP centers on Price/Book.
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 : KNOP
The primary concerns for KNOP are Market Cap, Return on Equity, Profit Margin. A P/E of 46.9x leaves little room for execution misses. Thin 4.0% margins leave little buffer for downturns.
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
KNOP profiles as a value 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.
KNOP is growing revenue faster at 7.2% — 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 44/100), backed by strong 22.9% margins. KNOP offers better value entry with a 64.4% margin of safety. 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.
KNOT Offshore Partners LP
ENERGY · OIL & GAS MIDSTREAM · USA
KNOT Offshore Partners LP owns and operates tanker vessels under long-term charters in the North Sea and Brazil. The company is headquartered in Aberdeen, the United Kingdom.
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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