Equinor vs TC Energy

Equinor ASA and TC Energy are compared on this page to reflect different business models, financial performance, and market context. The page presents how each company operates within its sector, how earnings are generated, and the environments in which they compete, in neutral, accessible language for readers seeking understanding. Educational content, not financial advice.

Comparison Snapshot

Key Financial Metrics

EQNR

Metric

TRP

$64.85B

Market Cap

$58.59B

-12.64%

Potential Profit

-11.30%

Hold

Analyst Rating

Buy

Why It's Moving

Equinor surges on court greenlight for key U.S. wind project amid ongoing share buybacks.

U.S. District Court ruling enables Empire Offshore Wind to restart construction, countering past administration delays and highlighting Equinor's offshore progress.
Buyback program nears completion with 702,268 shares repurchased on January 15 at NOK 247.77 average, totaling 8 million shares under the NOK 2 billion initiative.
Stock recovered to $24.86 intraday, reflecting investor optimism on renewables expansion and financial discipline.

Sentiment:

🐃Bullish

TC Energy's shares gain momentum amid steady energy infrastructure demand.

Stock advanced from $75.92 on Jan 19 to $77.11 by Jan 23, signaling investor confidence in operational steadiness.
Company disclosed updates on junior subordinated notes, aligning LIBOR fallback to SOFR under U.S. law, easing transition uncertainties.
Recent trading sessions show consistent volume and modest gains, underscoring sector strength without fresh catalysts.

Sentiment:

🐃Bullish

Equinor surges on court greenlight for key U.S. wind project amid ongoing share buybacks.

U.S. District Court ruling enables Empire Offshore Wind to restart construction, countering past administration delays and highlighting Equinor's offshore progress.
Buyback program nears completion with 702,268 shares repurchased on January 15 at NOK 247.77 average, totaling 8 million shares under the NOK 2 billion initiative.
Stock recovered to $24.86 intraday, reflecting investor optimism on renewables expansion and financial discipline.

Sentiment:

🐃Bullish

TC Energy's shares gain momentum amid steady energy infrastructure demand.

Stock advanced from $75.92 on Jan 19 to $77.11 by Jan 23, signaling investor confidence in operational steadiness.
Company disclosed updates on junior subordinated notes, aligning LIBOR fallback to SOFR under U.S. law, easing transition uncertainties.
Recent trading sessions show consistent volume and modest gains, underscoring sector strength without fresh catalysts.

Sentiment:

🐃Bullish

Investment Analysis

Equinor

EQNR

Pros

Equinor has a strong market capitalization of approximately $61 billion with robust recent adjusted operating income of $6.21 billion in Q3 2025.
It maintains a solid dividend yield of around 6.2%, providing attractive income potential for investors.
Equinor is actively investing in renewable energy and carbon capture initiatives, diversifying beyond traditional oil and gas operations.

Considerations

Analyst consensus suggests limited upside with a modest price target upside of approximately 6%, accompanied by bearish market sentiment and expected share price decline.
The company carries a moderate debt level with a debt-to-equity ratio of 0.58, which may constrain financial flexibility in volatile energy markets.
Equinor’s stock has shown medium volatility recently and a relatively low price-to-earnings ratio, reflecting cautious investor sentiment on near-term growth prospects.

TC Energy

TRP

Pros

TC Energy operates in the stable oil and gas midstream sector with a history of generating average annual shareholder returns of 14% since 2000.
The company demonstrates reasonable profitability metrics with a normalized return on equity around 16%, indicating efficient capital use.
TC Energy has relatively strong interest coverage of about 3.1, suggesting sufficient earnings to cover interest expenses and lowered default risk.

Considerations

The stock trades at a higher price-to-earnings multiple near 18, which may reflect premium valuation relative to sector peers and introduce valuation risk.
Its liquidity ratios, including a current ratio around 0.7 and quick ratio below 0.5, indicate limited short-term asset coverage and potential liquidity constraints.
TC Energy’s financial performance and valuation are potentially vulnerable to regulatory changes and commodity price volatility inherent to the energy midstream industry.

Related Market Insights

Brazil's Energy Giants: Why Global Majors Are Betting Big on Offshore Oil

Discover Brazil's pre-salt offshore oil opportunity. Global energy majors like Equinor, ExxonMobil & Chevron are investing billions. Access this growth via Nemo's Neme. Invest commission-free.