LIVE
ENB
Enbridge Inc. · Energy
$55.92
-1.04% this month
VERSUS
⟷
COMPARE
TRP
TC Energy Corporation · Energy
$68.88
+0.17% this month
Scoreboard verdict
Across AI score, momentum, valuation, upside, operating margin
ENB
3
TRP
1
Comparison scoreboard
ENB LEADS 3/5AI Score
ENB ✓39.9
TRP 39.4
1Y Return
ENB +28.76%
TRP ✓+44.94%
Fwd P/E
ENB ✓17.45
TRP 17.88
Target Up.
ENB ✓-6.68%
TRP -10.74%
Op. Margin
ENB N/A
TRP N/A
Metrics last refreshed: 7/14/2026
Quick take
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.
Live analysis · updated 7/14/2026
ENB holds the edge across 3 of 5 key metrics in this comparison. TRP has delivered stronger 1-year price return (+44.94% vs +28.76%), though ENB has the better forward P/E setup (17.45x vs 17.88x for TRP). Analyst consensus implies meaningfully more upside for ENB (-6.68%) than for TRP (-10.74%).
Normalized 1Y performance
ENB
TRP
Recent returns
ENB
TRP
Analyst price targets & sentiment
ENB · 4 analysts
STRONG BUYHOLDSTRONG SELL
Buy (2.5/5.0)
Price target range
analyst low$45.35
analyst high$58.24
analyst mean$52.18
current price$55.92
-6.7% upside to analyst mean
TRP · 3 analysts
STRONG BUYHOLDSTRONG SELL
Buy (2.3/5.0)
Price target range
analyst low$56.92
analyst high$66.76
analyst mean$61.48
current price$68.88
-10.7% upside to analyst mean
Who should consider this stock?
ENB may suit investors who:
- →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
TRP may suit investors who:
- →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
Performance & AI score
| Metric | ENB | TRP |
|---|---|---|
| AI score | 39.9 | 39.4 |
| AI rank | #1189 | #1238 |
| Latest close | $55.92 | $68.88 |
| 1M return | -1.04% | +0.17% |
| 6M return | +25.13% | +30.33% |
| 1Y return | +28.76% | +44.94% |
$10,000 invested — hypothetical growth (dividends reinvested)
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 | $13.42K (+34.2%) started 2025-07-14 | $14.78K (+47.8%) started 2025-07-14 |
| 5Y ago | $27.47K (+174.7%) started 2021-07-14 | $23.66K (+136.6%) started 2021-07-14 |
| 10Y ago | $51.38K (+413.8%) started 2016-07-14 | $42.33K (+323.3%) started 2016-07-14 |
Hypothetical — past performance does not guarantee future results.
Valuation & upside potential
| Metric | ENB | TRP |
|---|---|---|
| Market cap | $122.1B | $71.76B |
| Trailing P/E | 26.88 | 28.94 |
| Forward P/E | 17.45 | 17.88 |
| Price/Sales | 1.77 | 4.64 |
| EV/Revenue | 3.46 | 9.06 |
| Analyst target | $52.18 | $61.48 |
| Target upside | -6.68% | -10.74% |
Growth, profitability & risk
| Metric | ENB | TRP |
|---|---|---|
| Revenue growth | 20.80% | 6.60% |
| Earnings growth | -26.20% | -8.50% |
| EPS growth | -26.20% | -8.50% |
| FCF margin | -2.07% | +1.73% |
| Operating margin | N/A | N/A |
| Profit margin | 10.00% | 22.23% |
| ROIC proxy | 10.13% | 11.33% |
| Return on equity | 10.13% | 11.33% |
| Dividend yield | 5.14% | 3.67% |
| Beta | 0.80 | 0.98 |
| Debt/equity | 160.13 | 166.50 |
| Current ratio | 0.81 | 0.65 |
| Quick ratio | 0.53 | 0.40 |
Drawdown & downside risk
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
1Y risk snapshot
ENB max drawdown10.36%
TRP max drawdown9.65%
ENB max wkly drop5.87%
TRP max wkly drop6.74%
5Y risk snapshot
ENB max drawdown28.31%
TRP max drawdown38.98%
ENB max wkly drop11.26%
TRP max wkly drop13.56%
10Y risk snapshot
ENB max drawdown44.07%
TRP max drawdown41.64%
ENB max wkly drop32.55%
TRP max wkly drop34.14%
Performance metrics by period
| Period | Metric | ENB | TRP |
|---|---|---|---|
| 1Y | Growth | +28.76% | +44.94% |
| CAGR | +28.78% | +44.98% | |
| Sharpe ratio | 1.34 | 1.94 | |
| Max drawdown | 10.36% | 9.65% | |
| Max daily drop | 3.25% | 2.77% | |
| Max wkly drop | 5.87% | 6.74% | |
| 5Y | Growth | +92.00% | +79.00% |
| CAGR | +13.94% | +12.35% | |
| Sharpe ratio | 0.55 | 0.43 | |
| Max drawdown | 28.31% | 38.98% | |
| Max daily drop | 5.89% | 8.97% | |
| Max wkly drop | 11.26% | 13.56% | |
| 10Y | Growth | +137.26% | +133.77% |
| CAGR | +9.03% | +8.86% | |
| Sharpe ratio | 0.29 | 0.29 | |
| Max drawdown | 44.07% | 41.64% | |
| Max daily drop | 17.83% | 21.65% | |
| Max wkly drop | 32.55% | 34.14% |
Business comparison
| Category | ENB | TRP |
|---|---|---|
| Company | Enbridge Inc. | TC Energy Corporation |
| Sector | Energy | Energy |
| Industry | N/A | N/A |
| 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. |
ENB strengths
- →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
TRP strengths
- →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
Risks to watch — ENB
- →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
Risks to watch — TRP
- →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
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