PR vs. TRP: Permian Resources vs. TC Energy Stock Comparison

November 11, 2026

How do Permian Resources (PR) and TC Energy (TRP) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Permian Resources (PR) and TC Energy (TRP) both belong to the Oil, Gas & Consumable Fuels industry, though PR is classified under Oil & Gas Exploration & Production while TRP falls under Oil & Gas Storage & Transportation.

Company profile comparison for Permian Resources (PR) and TC Energy (TRP)
Profile Item	PR	TRP
Name	Permian Resources Corp Class A Common Stock	TC Energy Corporation
Country/Region	United States	Canada
GICS Sector	Energy	Energy
GICS Industry Group	Energy	Energy
GICS Industry	Oil, Gas & Consumable Fuels	Oil, Gas & Consumable Fuels
GICS Sub-Industry	Oil & Gas Exploration & Production	Oil & Gas Storage & Transportation
Market Capitalization	18.24 billion USD	64.51 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	April 15, 2016	September 20, 1982
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

TRP

GSPC

Permian Resources (PR) vs. TC Energy (TRP), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Permian Resources (PR) and TC Energy (TRP). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Permian Resources (PR) and TC Energy (TRP). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Permian Resources (PR) and TC Energy (TRP)
Metric	PR	TRP
Total Return (1Y)	69.18%	24.67%
Total Return (3Y, Annualized)	23.63%	26.02%
Total Return (5Y, Annualized)	26.41%	9.85%

Risk Profile

Drawdown History

TRP

GSPC

Permian Resources (PR) vs. TC Energy (TRP), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Permian Resources (PR) and TC Energy (TRP). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Permian Resources (PR) and TC Energy (TRP)
Metric	PR	TRP
Volatility (1Y, Annualized)	34.59%	19.39%
Beta (5Y)	0.65	0.64
Max Drawdown (5Y)	-44.31%	-38.98%
Avg. Volume (3M)	9.78M	2.56M

Risk-Adjusted Performance

Risk-Return Positioning

PR and TRP are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Permian Resources (PR) and TC Energy (TRP)
Metric	PR	TRP
Sharpe Ratio (1Y)	1.88	1.05
Sortino Ratio (1Y)	2.73	1.61

Profitability

ROE (TTM)

Both Permian Resources (PR) at 13.95% and TC Energy (TRP) at 12.15% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

PR

Energy industry group

13.95%

Max: 53.85%
Q3: 24.79%
PR: 13.95%
Median: 12.85%
Q1: 2.03%
Min: -29.09%

TRP

Energy industry group

12.15%

Max: 53.85%
Q3: 24.79%
Median: 12.85%
TRP: 12.15%
Q1: 2.03%
Min: -29.09%

Permian Resources (PR) vs. TC Energy (TRP): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

For every dollar of sales, both Permian Resources (PR) at 25.04% and TC Energy (TRP) at 25.05% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

PR

Energy industry group

25.04%

Max: 56.92%
PR: 25.04%
Q3: 22.92%
Median: 10.10%
Q1: 0.07%
Min: -27.38%

TRP

Energy industry group

25.05%

Max: 56.92%
TRP: 25.05%
Q3: 22.92%
Median: 10.10%
Q1: 0.07%
Min: -27.38%

Permian Resources (PR) vs. TC Energy (TRP): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

TC Energy (TRP) at 41.66% operates in the top operating margin quartile, ahead of Permian Resources (PR) at 29.59%, which runs around its industry’s norm.

PR

Energy industry group

29.59%

Max: 71.31%
Q3: 33.75%
PR: 29.59%
Median: 18.73%
Q1: 6.94%
Min: -24.52%

TRP

Energy industry group

41.66%

Max: 71.31%
TRP: 41.66%
Q3: 33.75%
Median: 18.73%
Q1: 6.94%
Min: -24.52%

Permian Resources (PR) vs. TC Energy (TRP): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Permian Resources (PR) and TC Energy (TRP)
Metric	PR	TRP
ROE (TTM)	13.95%	12.15%
ROA (TTM)	7.73%	3.70%
Net Margin (TTM)	25.04%	25.05%
Operating Margin (TTM)	29.59%	41.66%
Gross Margin (TTM)	77.14%	70.07%

Growth

Revenue Growth

Both Permian Resources (PR) at 1.29% and TC Energy (TRP) at 10.66% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Permian Resources (PR) vs. TC Energy (TRP): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Permian Resources (PR) at -11.72% and TC Energy (TRP) at -26.19% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Permian Resources (PR) vs. TC Energy (TRP): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Permian Resources (PR) and TC Energy (TRP)
Metric	PR	TRP
Revenue Growth (YoY)	1.29%	10.66%
Revenue Growth (3Y CAGR)	33.45%	7.38%
EPS Growth (YoY)	-11.72%	-26.19%
EPS Growth (3Y CAGR)	-7.36%	72.24%

Financial Strength

Current Ratio (MRQ)

Both Permian Resources (PR) at 0.50 and TC Energy (TRP) at 0.57 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

PR

Energy industry group

0.50

Max: 3.64
Q3: 2.21
Median: 1.41
Q1: 0.88
PR: 0.50
Min: 0.24

TRP

Energy industry group

0.57

Max: 3.64
Q3: 2.21
Median: 1.41
Q1: 0.88
TRP: 0.57
Min: 0.24

Permian Resources (PR) vs. TC Energy (TRP): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Permian Resources (PR) at 0.26 keeps leverage in the lower quartile, while TC Energy (TRP) at 1.68 sits in the higher-leverage quartile.

PR

Energy industry group

0.26

Max: 1.75
Q3: 0.93
Median: 0.54
Q1: 0.30
PR: 0.26
Min: 0.00

TRP

Energy industry group

1.68

Max: 1.75
TRP: 1.68
Q3: 0.93
Median: 0.54
Q1: 0.30
Min: 0.00

Permian Resources (PR) vs. TC Energy (TRP): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Permian Resources (PR) and TC Energy (TRP)
Metric	PR	TRP
Current Ratio (MRQ)	0.50	0.57
Debt / Equity (MRQ)	0.26	1.68
Net Debt / EBITDA	0.71	6.08

Dividends

Dividend Yield (TTM)

TC Energy (TRP) at 5.57% delivers top-quartile income for its industry, while Permian Resources (PR) at 2.95% pays a more typical yield — both are credible income propositions, TRP the richer one.

PR

Energy industry group

2.95%

Max: 8.57%
Q3: 3.58%
PR: 2.95%
Median: 1.71%
Q1: 0.00%
Min: 0.00%

TRP

Energy industry group

5.57%

Max: 8.57%
TRP: 5.57%
Q3: 3.58%
Median: 1.71%
Q1: 0.00%
Min: 0.00%

Permian Resources (PR) vs. TC Energy (TRP): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Permian Resources (PR) at 32.64% pays out a band-typical share of earnings, while TC Energy (TRP) at 93.87% distributes more than its industry norm — less retained, thinner cover.

PR

Energy industry group

32.64%

Max: 133.24%
Q3: 53.31%
PR: 32.64%
Median: 25.24%
Q1: 0.00%
Min: 0.00%

TRP

Energy industry group

93.87%

Max: 133.24%
TRP: 93.87%
Q3: 53.31%
Median: 25.24%
Q1: 0.00%
Min: 0.00%

Permian Resources (PR) vs. TC Energy (TRP): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Permian Resources (PR) and TC Energy (TRP)
Metric	PR	TRP
Dividend Yield (TTM)	2.95%	5.57%
Dividend Payout Ratio (TTM)	32.64%	93.87%

Valuation

P/E Ratio (TTM)

Permian Resources (PR) at 11.27 is near its industry’s usual P/E ratio, while TC Energy (TRP) at 23.19 sits in the richer quartile — TRP needs stronger growth or earnings quality to justify the premium.

PR

Energy industry group

11.27

Max: 39.54
Q3: 21.72
Median: 12.19
PR: 11.27
Q1: 7.71
Min: 2.99

TRP

Energy industry group

23.19

Max: 39.54
TRP: 23.19
Q3: 21.72
Median: 12.19
Q1: 7.71
Min: 2.99

Permian Resources (PR) vs. TC Energy (TRP): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Both Permian Resources (PR) at 2.86 and TC Energy (TRP) at 4.03 command a richer price per dollar of sales than most peers, sitting in the upper P/S ratio quartile of their industries.

PR

Energy industry group

2.86

Max: 5.40
PR: 2.86
Q3: 2.85
Median: 1.69
Q1: 0.88
Min: 0.00

TRP

Energy industry group

4.03

Max: 5.40
TRP: 4.03
Q3: 2.85
Median: 1.69
Q1: 0.88
Min: 0.00

Permian Resources (PR) vs. TC Energy (TRP): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

Permian Resources (PR) at 1.48 is valued about in line with its industry on P/B ratio, while TC Energy (TRP) at 3.54 carries an above-peer premium to book — TRP is pricier on assets.

PR

Energy industry group

1.48

Max: 4.21
Q3: 2.38
Median: 1.51
PR: 1.48
Q1: 1.08
Min: 0.01

TRP

Energy industry group

3.54

Max: 4.21
TRP: 3.54
Q3: 2.38
Median: 1.51
Q1: 1.08
Min: 0.01

Permian Resources (PR) vs. TC Energy (TRP): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Permian Resources (PR) and TC Energy (TRP)
Metric	PR	TRP
P/E Ratio (TTM)	11.27	23.19
P/S Ratio (TTM)	2.86	4.03
P/B Ratio (MRQ)	1.48	3.54
Free Cash Flow Yield (TTM)	2.10%	0.77%