Plains GP Holdings LP (PAGP)vsTC Energy Corp (TRP)
PAGP
Plains GP Holdings LP
$27.45
+1.03%
ENERGY · Cap: $6.33B
TRP
TC Energy Corp
$61.74
+3.47%
ENERGY · Cap: $63.09B
Smart Verdict
WallStSmart Research — data-driven comparison
Plains GP Holdings LP generates 233% more annual revenue ($52.30B vs $15.69B). TRP leads profitability with a 22.9% profit margin vs 1.1%. PAGP appears more attractively valued with a PEG of 0.70. PAGP earns a higher WallStSmart Score of 66/100 (B-).
PAGP
Strong Buy66
out of 100
Grade: B-
TRP
Buy63
out of 100
Grade: C+
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Intrinsic value data unavailable for PAGP.
Margin of Safety
-43.9%
Fair Value
$42.34
Current Price
$61.74
$19.40 premium
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Revenue surging 66.3% year-over-year
Earnings expanding 1210.0% YoY
Growing faster than its price suggests
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
1.1% margin — thin
Operating margin of 2.8%
Weak financial health signals
Premium valuation, high expectations priced in
Expensive relative to growth rate
Distress zone — elevated risk
Elevated debt levels
Comparative Analysis Report
WallStSmart ResearchBull Case : PAGP
The strongest argument for PAGP centers on Revenue Growth, EPS Growth, PEG Ratio. Revenue growth of 66.3% demonstrates continued momentum. PEG of 0.70 suggests the stock is reasonably priced for its growth.
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 : PAGP
The primary concerns for PAGP are Profit Margin, Operating Margin, Piotroski F-Score. A P/E of 61.8x leaves little room for execution misses. Debt-to-equity of 5.47 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
PAGP profiles as a hypergrowth 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.
PAGP is growing revenue faster at 66.3% — sustainability is the question.
TRP generates stronger free cash flow (1.3B), providing more financial flexibility.
Bottom Line
PAGP scores higher overall (66/100 vs 63/100) and 66.3% 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.
Plains GP Holdings LP
ENERGY · OIL & GAS MIDSTREAM · USA
Plains GP Holdings, LP owns and operates midstream power infrastructure in the United States and Canada. 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.
Compare with Other OIL & GAS MIDSTREAM Stocks
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