WallStSmart

TC Energy Corp (TRP)vsWestern Midstream Partners LP (WES)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

TC Energy Corp generates 296% more annual revenue ($15.24B vs $3.84B). WES leads profitability with a 30.0% profit margin vs 23.1%. TRP appears more attractively valued with a PEG of 4.61. TRP earns a higher WallStSmart Score of 59/100 (C).

TRP

Buy

59

out of 100

Grade: C

Growth: 6.0Profit: 7.5Value: 4.7Quality: 3.0
Piotroski: 4/9Altman Z: 0.48

WES

Buy

57

out of 100

Grade: C

Growth: 4.7Profit: 9.0Value: 4.7Quality: 3.8
Piotroski: 2/9
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

TRPSignificantly Overvalued (-216.8%)

Margin of Safety

-216.8%

Fair Value

$19.23

Current Price

$64.08

$44.85 premium

UndervaluedFair: $19.23Overvalued
WESSignificantly Overvalued (-109.5%)

Margin of Safety

-109.5%

Fair Value

$20.26

Current Price

$42.01

$21.75 premium

UndervaluedFair: $20.26Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

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

WES4 strengths · Avg: 9.0/10
Return on EquityProfitability
32.2%10/10

Every $100 of equity generates 32 in profit

Profit MarginProfitability
30.0%10/10

Keeps 30 of every $100 in revenue as profit

P/E RatioValuation
14.2x8/10

Attractively priced relative to earnings

Operating MarginProfitability
28.1%8/10

Strong operational efficiency at 28.1%

Areas to Watch

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

WES4 concerns · Avg: 2.0/10
Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

PEG RatioValuation
5.482/10

Expensive relative to growth rate

EPS GrowthGrowth
-45.2%2/10

Earnings declined 45.2%

Debt/EquityHealth
2.221/10

Elevated debt levels

Comparative Analysis Report

WallStSmart Research

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.

Bull Case : WES

The strongest argument for WES centers on Return on Equity, Profit Margin, P/E Ratio. Profitability is solid with margins at 30.0% and operating margin at 28.1%. Revenue growth of 11.1% demonstrates continued momentum.

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.

Bear Case : WES

The primary concerns for WES are Piotroski F-Score, PEG Ratio, EPS Growth. Debt-to-equity of 2.22 is elevated, increasing financial risk.

Key Dynamics to Monitor

TRP profiles as a growth stock while WES is a mature play — different risk/reward profiles.

TRP 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 57/100), backed by strong 23.1% margins and 16.5% revenue growth. 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.

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.

Western Midstream Partners LP

ENERGY · OIL & GAS MIDSTREAM · USA

Western Midstream Partners, LP, acquires, owns, develops and operates midstream assets primarily in the United States.

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