ENB vs TRP: Enbridge vs TC Energy Stock Comparison: AI Score, Valuation, Performance and Upside
Enbridge is a crude oil and gas utility infrastructure company with diversified energy infrastructure, while TC Energy is primarily a natural gas pipeline company with the completed Coastal GasLink LNG export pipeline. Enbridge has more diversified infrastructure revenue; TC Energy has more exposure to natural gas transport and LNG export growth.
ENB vs TRP is diversified crude and gas infrastructure versus natural gas and LNG pipeline leverage — Enbridge wins if gas utility integration and Mainline crude tolls sustain dividend growth; TC Energy wins if Coastal GasLink LNG monetization and natural gas transport volumes compound above deleveraging pressure.
TRP holds the edge across 3 of 5 key metrics in this comparison. TRP has delivered stronger 1-year price return (+18.83% vs +2.34%), though ENB has the better forward P/E setup (21.62x vs 21.86x for TRP). On fundamentals, ENB is growing revenue faster (97.10%), while TRP maintains the higher operating margin (44.25%) — a classic growth-versus-profitability split. Analyst consensus implies meaningfully more upside for TRP (+10.97%) than for ENB (+5.65%).
Human Wall Street analysts' price targets, typically implying a ~12-month view — a separate signal from this site's own AI Prediction Signal further down the page, which is a 5-/30-day machine-learning forecast based on price history alone.
- prefer diversified Canadian energy infrastructure across crude pipelines, gas pipelines, and gas utilities
- value 29+ years of consecutive dividend growth as a Canadian income investment
- want exposure to natural gas utility rate base as a regulated, stable earnings compounder
- are comfortable with Enbridge's higher post-acquisition leverage vs TC Energy's deleveraging focus
- prefer natural gas pipeline exposure with potential LNG Canada export monetization upside
- believe TC Energy's deleveraging plan after Coastal GasLink will restore balance sheet strength
- want Canadian pipeline exposure with Southeast Gateway Mexico providing international diversification
- are comfortable with the Coastal GasLink cost overrun as a historical capital mistake that is now largely behind the company
| Metric | ENB | TRP |
|---|---|---|
| AI scorei | 45.9 | 41.7 |
| AI ranki | #734 | #1022 |
| Latest closei | $46.83 | $59.67 |
| 1M returni | -3.16% | -1.28% |
| 3M returni | -15.92% | -13.73% |
| 6M returni | -8.54% | +0.77% |
| 1Y returni | +2.34% | +18.83% |
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | ENB | TRP |
|---|---|---|
| 1Y ago | $10.66K (+6.6%) started 2025-10-15 | $12.25K (+22.5%) started 2025-10-15 |
| 5Y ago | $21.22K (+112.2%) started 2021-10-15 | $18.72K (+87.2%) started 2021-10-15 |
| 10Y ago | $41.3K (+313.0%) started 2016-10-17 | $37.3K (+273.0%) started 2016-10-17 |
Hypothetical — past performance does not guarantee future results.
| Metric | ENB | TRP |
|---|---|---|
| Market capi | $109.65B | $62.56B |
| Trailing P/Ei | 26.99 | 23.64 |
| Forward P/Ei | 21.62 | 21.86 |
| Price/Salesi | N/A | N/A |
| EV/Revenuei | 2.77 | 8.50 |
| Analyst targeti | $53.04 | $66.64 |
| Target upsidei | +5.65% | +10.97% |
| Metric | ENB | TRP |
|---|---|---|
| Revenue growthi | 97.10% | 5.70% |
| Earnings growthi | -36.00% | 18.30% |
| EPS growthi | -36.00% | +18.30% |
| FCF margini | -1.27% | +7.97% |
| Operating margini | 10.16% | 44.25% |
| Profit margini | 7.34% | 22.91% |
| ROIC proxyi | 9.22% | 11.83% |
| Return on equityi | 9.22% | 11.83% |
| Dividend yieldi | 5.51% | 4.11% |
| Payout ratioi | 147.68% | 98.43% |
| Dividend growth streaki | No increase yet | No increase yet |
| Betai | 0.79 | 0.98 |
| Debt/equityi | 162.97 | 170.37 |
| Current ratioi | 0.72 | 0.61 |
| Quick ratioi | 0.49 | 0.41 |
Over the past year, ENB and TRP have moved strongly in the same direction (correlation of 0.83), based on daily returns.
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
| Period | Metric | ENB | TRP |
|---|---|---|---|
| 1Y | Growthi | +2.34% | +18.83% |
| CAGRi | +2.34% | +18.84% | |
| Volatilityi | 17.74% | 19.12% | |
| Sharpe ratioi | -0.03 | 0.77 | |
| Sortino ratioi | -0.05 | 1.16 | |
| Max drawdowni | 19.85% | 17.27% | |
| Current drawdowni | 18.20% | 14.57% | |
| Avg drawdowni | 4.92% | 4.26% | |
| Ulcer Indexi | 7.31% | 6.28% | |
| Max daily dropi | 3.85% | 3.19% | |
| Max wkly dropi | 6.73% | 6.74% | |
| 5Y | Growthi | +48.94% | +42.05% |
| CAGRi | +8.29% | +7.27% | |
| Volatilityi | 18.81% | 22.38% | |
| Sharpe ratioi | 0.28 | 0.23 | |
| Sortino ratioi | 0.39 | 0.31 | |
| Max drawdowni | 28.31% | 38.98% | |
| Current drawdowni | 18.20% | 14.57% | |
| Avg drawdowni | 9.02% | 14.23% | |
| Ulcer Indexi | 11.57% | 18.35% | |
| Max daily dropi | 5.89% | 8.97% | |
| Max wkly dropi | 11.26% | 13.56% | |
| 10Y | Growthi | +89.41% | +105.24% |
| CAGRi | +6.60% | +7.46% | |
| Volatilityi | 24.08% | 25.09% | |
| Sharpe ratioi | 0.20 | 0.24 | |
| Sortino ratioi | 0.27 | 0.32 | |
| Max drawdowni | 44.07% | 41.64% | |
| Current drawdowni | 18.20% | 14.57% | |
| Avg drawdowni | 10.72% | 12.15% | |
| Ulcer Indexi | 13.64% | 15.84% | |
| Max daily dropi | 17.83% | 21.65% | |
| Max wkly dropi | 32.55% | 34.14% |
| Category | ENB | TRP |
|---|---|---|
| Company | Enbridge Inc. | TC Energy Corporation |
| Sector | Energy | Energy |
| Industry | Oil & Gas Midstream | Oil & Gas Midstream |
| Core business | Canadian energy infrastructure company operating the world's largest crude oil and liquids pipeline network (Mainline), plus natural gas pipelines, utilities, and renewable energy. Enbridge's Dominion Gas Utilities acquisition transformed it into a major North American gas utility. | Canadian pipeline and energy infrastructure company with natural gas pipelines (NGTL, Coastal GasLink, ANR), liquids pipelines (Keystone system), and power generation. TC Energy completed the Coastal GasLink LNG export pipeline in 2023. |
| Investor focus | Distributable cash flow per share growth, utility rate base expansion, Dominion Gas integration, and secured project backlog. | NGTL natural gas system expansion, Keystone system volume, Southeast Gateway Mexico pipeline, and balance sheet deleveraging after the Coastal GasLink cost overrun. |
- Enbridge's Mainline crude pipeline is the most critical oil transport artery from Canadian oil sands to US refineries — near-monopoly infrastructure
- Gas utility addition (Dominion Gas) provides more regulated, stable earnings growth alongside pipeline toll revenue
- Consecutive dividend growth for 29+ years demonstrates cash flow durability through commodity cycles
- TC Energy's natural gas pipeline system is essential infrastructure for Canadian gas producers accessing US export markets
- Coastal GasLink completion positions TC Energy for LNG export monetization as LNG Canada begins operations
- Regulated utility-like toll revenues from long-term contracts provide predictable cash flow for dividend coverage
- Enbridge has significant long-term debt from the Dominion Gas acquisition — balance sheet leverage has increased
- Regulatory risk around pipeline approvals and environmental opposition to new oil sands pipeline capacity
- Lower crude oil transportation volumes if Canada oil sands production growth slows
- Coastal GasLink massively cost-overran its original budget ($14.5B vs $6.6B originally estimated) — a significant capital allocation failure
- Keystone XL was cancelled permanently — TC Energy is pursuing arbitration against the US government for losses
- TC Energy has pursued asset sales to delever after the Coastal GasLink cost overrun
Compare more than two at a time
This page is a fixed writeup on ENB and TRP. Our comparison engine is the interactive version: load up to five tickers, switch timeframes, and get the correlation, drawdown, and overlap analysis that a static page can't show.
Add three more names beside ENB and TRP, mixing stocks and ETFs in the same table — useful when the real question is which of a whole peer group to own.
AI score, forward P/E, analyst target upside, operating margin, and revenue growth are scored head-to-head, with a running tally of which ticker leads on how many metrics.
Volatility, Sharpe and Sortino ratios, maximum, current, and average drawdown, Ulcer Index, and worst single-day and single-week drops across every timeframe.
Pairwise daily-return correlation for every combination, so you can see whether two holdings actually diversify each other or just move together.
A scatter plot of forward P/E against return on equity, plus drawdown and 30-day rolling volatility charts, to separate what is cheap from what is merely beaten down.
For ETFs, a top-holdings comparison that exposes hidden overlap between funds. Every comparison exports to CSV for your own spreadsheet work.
Two comparisons a week are free without an account. A 14-day trial removes the limit and adds AI price forecasts, stock rankings, saved watchlists, and the intrinsic value calculator — no credit card required.
Want deeper AI forecasts?
This comparison page is public and free forever. Subscribers can unlock saved watchlists, full AI rankings, detailed forecasts, and interactive analysis tools.