Marathon Petroleum vs TC Energy

Marathon Petroleum Corporation and TransCanada Corporation are compared on business models, financial performance, and market context. This page presents an accessible, neutral view of how each company creates value, operates within its sector, and positions itself for the future. Educational content, not financial advice.

Marathon Petroleum Corporation and TransCanada Corporation are compared on business models, financial performance, and market context. This page presents an accessible, neutral view of how each compan...

Comparison Snapshot

Key Financial Metrics

MPC

Metric

TRP

$51.87B

Market Cap

$58.69B

16.93%

Potential Profit

-13.49%

Buy

Analyst Rating

Buy

Why It's Moving

Marathon Petroleum Bolsters Leadership with Seasoned CFO Amid Venezuelan Crude Opportunities

Khoury, ex-CFO at Danaher with stints at GE Oil & Gas, steps in with $800K salary and $2.4M incentives, signaling focus on robust financial strategy amid sector volatility.
Company ramps up refinery plans for heavy crude surge from Venezuela post-Maduro ousting, positioning MPC to capitalize on untapped South American supplies.
Ongoing share repurchases hit $650M in Q3 2025, underscoring commitment to shareholder returns as refining margins face cautious outlooks.

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

Marathon Petroleum Bolsters Leadership with Seasoned CFO Amid Venezuelan Crude Opportunities

Khoury, ex-CFO at Danaher with stints at GE Oil & Gas, steps in with $800K salary and $2.4M incentives, signaling focus on robust financial strategy amid sector volatility.
Company ramps up refinery plans for heavy crude surge from Venezuela post-Maduro ousting, positioning MPC to capitalize on untapped South American supplies.
Ongoing share repurchases hit $650M in Q3 2025, underscoring commitment to shareholder returns as refining margins face cautious outlooks.

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

Marathon Petroleum

MPC

Pros

Reported strong third-quarter 2025 revenue of approximately $35.85 billion, beating forecasts by nearly $3 billion.
Maintained a high refinery utilization rate of 95%, processing 2.8 million barrels of crude per day indicating operational efficiency.
Increased dividends by 10%, returning $3.2 billion to shareholders in Q3, demonstrating financial strength and shareholder return focus.

Considerations

Missed adjusted earnings per share expectations in Q3 2025, with $3.01 versus analyst estimates of $3.18, disappointing investors.
Experienced a significant stock price drop following Q3 earnings results, reflecting market concern about profitability performance.
Shares appear overvalued relative to fair value estimates despite supportive margin environment, suggesting limited upside potential.

TC Energy

TRP

Pros

Has a long history of shareholder value creation with an average annual return of 14% since 2000.
Common shares traded on both the Toronto Stock Exchange and the New York Stock Exchange, providing liquidity and investor access.
Operates a diversified portfolio including pipelines and energy infrastructure which support stable long-term cash flows.

Considerations

Exposed to regulatory and geopolitical risks inherent in cross-border energy infrastructure investments.
Subject to commodity price volatility and changes in energy demand that can affect cash flow stability and project economics.
Capital-intensive operations carry execution risks including project delays and cost overruns impacting profitability.

Related Market Insights

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July 25, 2025

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July 25, 2025

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About The Companies

Marathon Petroleum (MPC)

Marathon Petroleum Corporation (MPC) is a large US downstream energy company focused on refining, marketing and midstream logistics, with a market capitalisation of about $55.60 billion. Investors should know MPC’s earnings are driven largely by refining margins, throughput volumes and the price of crude oil, while its midstream businesses provide fee-based cash flows and logistical scale. The company operates one of the country’s largest refining systems and sells transportation fuels under well-known retail brands. Key investment considerations include sensitivity to cyclical oil markets, changes in fuel demand, regulatory and environmental pressures, and capital intensity of the business. MPC has historically returned cash via dividends and buybacks, but distributions depend on cash flow and board decisions. This summary is educational only, not personal advice — values can rise and fall and past performance is no guarantee of future results. Investors should assess suitability for their objectives and consider further research or professional advice.

TC Energy (TRP)

TransCanada Corporation (TRP) is an energy infrastructure company primarily known for owning and operating natural gas pipelines, liquids pipelines and power generation assets. Investors typically look at TRP for steady cash flow characteristics driven by long-term contracts and regulated or contracted revenue streams, alongside a history of dividend distributions. Key considerations include sensitivity to regulatory decisions, commodity-price trends that affect throughput and margins, capital spending on new projects, and the company’s response to the low-carbon transition. Project delays, permit risks and interest-rate changes can influence returns. This summary is for general educational purposes only and is not investment advice; it does not take account of your personal financial situation. Values can fall as well as rise, and past distributions are not a guarantee of future payments. Always consider whether an asset fits your objectives and consult a regulated adviser if you need tailored guidance.

Marathon Petroleum (MPC) Next Earnings Date

Marathon Petroleum (MPC) is scheduled to report its next earnings on February 3, 2026. This release will cover the fourth quarter and full-year 2025 financial results. The announcement aligns with the company's official statement and consensus estimates from market sources.

TC Energy (TRP) Next Earnings Date

TC Energy's next earnings date is estimated for February 13, 2026, aligning with the consensus across multiple financial tracking sources based on historical patterns. This report will cover the Q4 2025 period, typically released in mid-February following prior-year precedents. The company has not yet officially confirmed the exact date or time.

Marathon Petroleum (MPC) Next Earnings Date

Marathon Petroleum (MPC) is scheduled to report its next earnings on February 3, 2026. This release will cover the fourth quarter and full-year 2025 financial results. The announcement aligns with the company's official statement and consensus estimates from market sources.

TC Energy (TRP) Next Earnings Date

TC Energy's next earnings date is estimated for February 13, 2026, aligning with the consensus across multiple financial tracking sources based on historical patterns. This report will cover the Q4 2025 period, typically released in mid-February following prior-year precedents. The company has not yet officially confirmed the exact date or time.

Which Baskets Do They Appear In?

Fueling Profits: Beneficiaries Of OPEC+ Production Policy

OPEC+ is expected to maintain its policy of gradually increasing oil production, aiming to stabilize global energy markets. This could lead to moderated fuel costs, creating a potential advantage for companies in sectors like transportation and manufacturing where fuel is a major expense.

Published: July 25, 2025

Explore Basket

Which Baskets Do They Appear In?

Fueling Profits: Beneficiaries Of OPEC+ Production Policy

OPEC+ is expected to maintain its policy of gradually increasing oil production, aiming to stabilize global energy markets. This could lead to moderated fuel costs, creating a potential advantage for companies in sectors like transportation and manufacturing where fuel is a major expense.

Published: July 25, 2025

Explore Basket

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Comparison Snapshot

Why It's Moving

Marathon Petroleum Bolsters Leadership with Seasoned CFO Amid Venezuelan Crude Opportunities

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

Marathon Petroleum Bolsters Leadership with Seasoned CFO Amid Venezuelan Crude Opportunities

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