TC Energy posted adjusted EBITDA of CAD 2.95 billion versus PitchBook consensus of CAD 2.84 billion. Strong performance in the US gas pipelines and power and energy segments drove the outperformance. Management also revised its long-term outlook for gas demand upward.
Natural gas demand is poised to grow through the next decade, and TC Energy is almost fully exposed to that growth.
The market has become exuberant about natural gas, pushing up valuations of related companies.
|
Metric
|
TRP
|
WMB
|
PPL
|
|---|---|---|---|
Price/Earnings (Normalized) | 24.05 | 33.12 | 22.34 |
Price/Book Value | 3.72 | 6.99 | 2.59 |
Price/Sales | 5.87 | 7.55 | 5.00 |
Price/Cash Flow | 11.25 | 13.95 | 13.17 |
|
Metric
|
TRP
|
WMB
|
PPL
|
|---|---|---|---|
Quick Ratio | 0.35 | 0.31 | 0.49 |
Current Ratio | 0.61 | 0.48 | 0.62 |
Interest Coverage | 2.71 | 3.82 | 4.71 |
|
Metric
|
TRP
|
WMB
|
PPL
|
|---|---|---|---|
Return on Assets (Normalized) | 3.20% | 4.79% | 4.97% |
Return on Equity (Normalized) | 15.25% | 21.83% | 11.74% |
Return on Invested Capital (Normalized) | 6.30% | 8.76% | 7.36% |
|
1-Day Chart
|
Name
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Price
|
Morningstar Rating for Stocks
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United States