TC Energy (NYSE:TRP) vs. NGL Energy Partners (NYSE:NGL) Financial Comparison

TC Energy (NYSE:TRPGet Rating) and NGL Energy Partners (NYSE:NGLGet Rating) are both oils/energy companies, but which is the better business? We will compare the two companies based on the strength of their dividends, risk, institutional ownership, profitability, valuation, earnings and analyst recommendations.

Volatility & Risk

TC Energy has a beta of 0.71, indicating that its share price is 29% less volatile than the S&P 500. Comparatively, NGL Energy Partners has a beta of 2.36, indicating that its share price is 136% more volatile than the S&P 500.

Analyst Recommendations

This is a summary of recent ratings for TC Energy and NGL Energy Partners, as provided by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
TC Energy 1 7 3 0 2.18
NGL Energy Partners 1 0 0 0 1.00

TC Energy currently has a consensus target price of $68.30, indicating a potential upside of 16.29%. NGL Energy Partners has a consensus target price of $2.25, indicating a potential upside of 0.00%. Given TC Energy’s stronger consensus rating and higher possible upside, analysts plainly believe TC Energy is more favorable than NGL Energy Partners.

Valuation and Earnings

This table compares TC Energy and NGL Energy Partners’ gross revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
TC Energy $10.68 billion 5.40 $1.56 billion $1.50 39.15
NGL Energy Partners $5.23 billion 0.06 -$639.82 million ($3.75) -0.60

TC Energy has higher revenue and earnings than NGL Energy Partners. NGL Energy Partners is trading at a lower price-to-earnings ratio than TC Energy, indicating that it is currently the more affordable of the two stocks.

Institutional and Insider Ownership

68.6% of TC Energy shares are held by institutional investors. Comparatively, 28.7% of NGL Energy Partners shares are held by institutional investors. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

Profitability

This table compares TC Energy and NGL Energy Partners’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
TC Energy 15.09% 14.77% 4.15%
NGL Energy Partners -6.04% -28.00% -2.13%

Summary

TC Energy beats NGL Energy Partners on 12 of the 13 factors compared between the two stocks.

TC Energy Company Profile (Get Rating)

TC Energy Corporation operates as an energy infrastructure company in North America. It operates through five segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; Liquids Pipelines; and Power and Storage. The company builds and operates 93,300 km network of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses. It also has regulated natural gas storage facilities with a total working gas capacity of 535 billion cubic feet. In addition, it has approximately 4,900 km liquids pipeline system that connects Alberta crude oil supplies to refining markets in Illinois, Oklahoma, Texas, and the U.S. Gulf Coast. Further, the company owns or has interests in seven power generation facilities with a combined capacity of approximately 4,300 megawatts that are powered by natural gas and nuclear fuel sources located in Alberta, Ontario, Québec, and New Brunswick; and owns and operates approximately 118 billion cubic feet of non-regulated natural gas storage capacity in Alberta. The company was formerly known as TransCanada Corporation and changed its name to TC Energy Corporation in May 2019. TC Energy Corporation was incorporated in 1951 and is headquartered in Calgary, Canada.

NGL Energy Partners Company Profile (Get Rating)

NGL Energy Partners LP engages in the crude oil and liquids logistics, and water solution businesses. The company's Crude Oil Logistics segment purchases crude oil from producers and marketers, and transports it to refineries for resale at pipeline injection stations, storage terminals, barge loading facilities, rail facilities, refineries, and other trade hubs; and provides storage, terminaling, and pipeline transportation services. Its Water Solutions segment transports, treats, recycles, and disposes produced and flowback water generated from oil and natural gas production; disposes solids, such as tank bottoms, and drilling fluid and muds, as well as performs truck and frac tank washouts; and sells produced water for reuse and brackish non-potable water. The company's Liquids Logistics segment supplies natural gas liquids, refined petroleum products, and biodiesel to commercial, retail, and industrial customers in the United States and Canada through its 28 terminals, third-party storage and terminal facilities, and common carrier pipelines, as well as through fleet of leased railcars. This segment is also involved in the marine export of butane through its facility located in Chesapeake, Virginia; and offers terminaling and storage services. NGL Energy Holdings LLC serves as the general partner of the company. The company was founded in 1940 and is headquartered in Tulsa, Oklahoma.

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