TC Energy vs MPLX
This page compares TC Energy and MPLX, examining how each company structures its business models, what informs its financial performance, and how they operate within broader market contexts. The analysis remains neutral and accessible, helping readers understand the similarities and differences between the two organisations. Educational content, not financial advice.
This page compares TC Energy and MPLX, examining how each company structures its business models, what informs its financial performance, and how they operate within broader market contexts. The analy...
Why It's Moving
TRP Stock Warning: Why Analysts See -18% Downside Risk
- Long-term forecasts predict TRP dropping to an average $54.69 by December 2026, implying about 18% downside from recent levels around $63, as patterns mirror similar stocks.
- Preferred share swap consolidates to 14 million Series 5 shares with a fixed 4.501% annualized dividend starting January 30, 2026, boosting stability but ending Series 6 listings and delaying conversions until 2031.
- Recent trading showed a 3.49% gain on February 13 amid neutral technicals—4 buy and 5 sell signals—but moving averages trend bullish with forecasts eyeing further drops by 2030.
MPLX Nears Ex-Dividend Date as Energy Midstream Momentum Builds
- Ex-dividend set for February 9 rewards shareholders of record with $1.0765 per unit payable February 17, highlighting MPLX's elevated 7.7% annualized yield.
- Units hit a 52-week high of $57.15 earlier this month on strong volume, signaling sustained demand for its logistics and processing assets.
- Recent price action to $56.83 as of February 13 shows outperformance versus the market, bolstered by prior quarter's earnings beat and moderate buy analyst consensus.
TRP Stock Warning: Why Analysts See -18% Downside Risk
- Long-term forecasts predict TRP dropping to an average $54.69 by December 2026, implying about 18% downside from recent levels around $63, as patterns mirror similar stocks.
- Preferred share swap consolidates to 14 million Series 5 shares with a fixed 4.501% annualized dividend starting January 30, 2026, boosting stability but ending Series 6 listings and delaying conversions until 2031.
- Recent trading showed a 3.49% gain on February 13 amid neutral technicals—4 buy and 5 sell signals—but moving averages trend bullish with forecasts eyeing further drops by 2030.
MPLX Nears Ex-Dividend Date as Energy Midstream Momentum Builds
- Ex-dividend set for February 9 rewards shareholders of record with $1.0765 per unit payable February 17, highlighting MPLX's elevated 7.7% annualized yield.
- Units hit a 52-week high of $57.15 earlier this month on strong volume, signaling sustained demand for its logistics and processing assets.
- Recent price action to $56.83 as of February 13 shows outperformance versus the market, bolstered by prior quarter's earnings beat and moderate buy analyst consensus.
Investment Analysis
TC Energy
TRP
Pros
- TC Energy has a large and diversified network of 93,700 kilometers of natural gas pipelines across North America, providing stable cash flow from essential infrastructure.
- The company has sanctioned over $5 billion in low-risk, accretive growth projects backed by long-term contracts, supporting its EBITDA growth outlook through 2028.
- TC Energy offers a generous dividend yield around 4.78%, recently increased, reflecting strong cash generation and shareholder returns.
Considerations
- Its valuation metrics show a premium Price/Book and Price/LTM Sales compared to the sector average, suggesting a relatively higher valuation.
- Exposure to regulated natural gas assets means sensitivity to regulatory risks and fluctuating energy policies in North America.
- While diversified geographically, TC Energy's focus on natural gas pipelines limits its exposure to faster-growing renewable energy trends.
MPLX
MPLX
Pros
- MPLX is a diversified, large-cap master limited partnership with significant midstream energy infrastructure and logistics assets.
- It benefits from stable cash flow due to its focus on transportation and storage of natural gas and crude oil with established contracts.
- MPLX’s structure as an MLP typically offers attractive distributions for income-focused investors, supported by its size and asset base.
Considerations
- As a midstream operator, MPLX is exposed to commodity price volatility which can impact volumes and cash flow stability.
- Its midstream logistics business faces competition from larger players which could pressure margins and growth opportunities.
- The partnership structure may complicate tax considerations for some investors and impose constraints on capital allocation flexibility.
Related Market Insights
OPEC+ Opens The Taps: Midstream's Moment
Discover how OPEC+ oil production increases create compelling opportunities for midstream energy companies. Invest in essential oil & gas infrastructure for steady cash flow & dividends.
Aimee Silverwood | Financial Analyst
July 25, 2025
Related Market Insights
OPEC+ Opens The Taps: Midstream's Moment
Discover how OPEC+ oil production increases create compelling opportunities for midstream energy companies. Invest in essential oil & gas infrastructure for steady cash flow & dividends.
Aimee Silverwood | Financial Analyst
July 25, 2025
TC Energy (TRP) Next Earnings Date
TC Energy's next earnings report is scheduled for April 30, 2026, where the company will discuss its Q1 2026 financial results. This follows the recent release of Q4 2025 earnings on February 13, 2026, in which the company reported EPS of $0.70, exceeding analyst expectations of $0.65. The April earnings call will provide executives' perspective on full-year financial performance and company outlook.
MPLX (MPLX) Next Earnings Date
MPLX's next earnings date is expected on May 5, 2026. This release will cover the first quarter of 2026 (Q1 2026) results, following the company's typical quarterly reporting cadence after the prior Q4 and full-year 2025 report on February 3, 2026. Analyst estimates project Q1 EPS around $1.01, with the date confirmed across multiple sources in early May.
TC Energy (TRP) Next Earnings Date
TC Energy's next earnings report is scheduled for April 30, 2026, where the company will discuss its Q1 2026 financial results. This follows the recent release of Q4 2025 earnings on February 13, 2026, in which the company reported EPS of $0.70, exceeding analyst expectations of $0.65. The April earnings call will provide executives' perspective on full-year financial performance and company outlook.
MPLX (MPLX) Next Earnings Date
MPLX's next earnings date is expected on May 5, 2026. This release will cover the first quarter of 2026 (Q1 2026) results, following the company's typical quarterly reporting cadence after the prior Q4 and full-year 2025 report on February 3, 2026. Analyst estimates project Q1 EPS around $1.01, with the date confirmed across multiple sources in early May.
Which Baskets Do They Appear In?
OPEC+ Opens The Taps: Midstream's Moment
OPEC+ has decided to maintain its policy of gradually increasing oil production to meet rising global demand. This creates an investment opportunity in companies that provide the essential midstream services, such as transportation and storage, which will see increased business from the higher oil supply.
Published: July 25, 2025
Explore BasketWhich Baskets Do They Appear In?
OPEC+ Opens The Taps: Midstream's Moment
OPEC+ has decided to maintain its policy of gradually increasing oil production to meet rising global demand. This creates an investment opportunity in companies that provide the essential midstream services, such as transportation and storage, which will see increased business from the higher oil supply.
Published: July 25, 2025
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