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TPL vs. TRP: Texas Pacific Land vs. TC Energy Stock Comparison

How do Texas Pacific Land (TPL) 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

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

Company profile comparison for Texas Pacific Land (TPL) and TC Energy (TRP)
Profile ItemTPLTRP
NameTexas Pacific Land CorporationTC Energy Corporation
Country/RegionUnited StatesCanada
GICS SectorEnergyEnergy
GICS Industry GroupEnergyEnergy
GICS IndustryOil, Gas & Consumable FuelsOil, Gas & Consumable Fuels
GICS Sub-IndustryOil & Gas Exploration & ProductionOil & Gas Storage & Transportation
Market Capitalization18.79 billion USD64.51 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateMarch 17, 1980September 20, 1982
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

TPL
TRP
GSPC
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Texas Pacific Land (TPL) 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 Texas Pacific Land (TPL) and TC Energy (TRP). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Texas Pacific Land (TPL) and TC Energy (TRP). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Texas Pacific Land (TPL) and TC Energy (TRP)
MetricTPLTRP
Total Return (1Y)-14.10%24.67%
Total Return (3Y, Annualized)16.13%26.02%
Total Return (5Y, Annualized)13.42%9.85%

Risk Profile

Drawdown History

TPL
TRP
GSPC
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Texas Pacific Land (TPL) 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 Texas Pacific Land (TPL) and TC Energy (TRP). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Texas Pacific Land (TPL) and TC Energy (TRP)
MetricTPLTRP
Volatility (1Y, Annualized)49.74%19.39%
Beta (5Y)0.620.64
Max Drawdown (5Y)-52.50%-38.98%
Avg. Volume (3M)380.93K2.56M

Risk-Adjusted Performance

Risk-Return Positioning

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TPL 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 Texas Pacific Land (TPL) and TC Energy (TRP)
MetricTPLTRP
Sharpe Ratio (1Y)-0.371.05
Sortino Ratio (1Y)-0.501.61

Profitability

ROE (TTM)

Texas Pacific Land (TPL) at 37.07% sits in the top ROE quartile, while TC Energy (TRP) at 12.15% is closer to the peer norm — stronger capital efficiency for TPL.

TPL

Energy industry group

37.07%

Max
53.85%
TPL
37.07%
Q3
24.79%
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%
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Texas Pacific Land (TPL) vs. TC Energy (TRP): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

Texas Pacific Land (TPL) at 60.71% keeps the most of each sales dollar — above its industry’s net margin range — and TC Energy (TRP) at 25.05% also retains a top-quartile share.

TPL

Energy industry group

60.71%

TPL
60.71%
Max
56.92%
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%
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Texas Pacific Land (TPL) vs. TC Energy (TRP): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Texas Pacific Land (TPL) at 76.20% shows unusually strong operating efficiency — above its industry’s operating margin range — and TC Energy (TRP) at 41.66% also operates in the top quartile.

TPL

Energy industry group

76.20%

TPL
76.20%
Max
71.31%
Q3
33.75%
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%
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Texas Pacific Land (TPL) vs. TC Energy (TRP): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Texas Pacific Land (TPL) and TC Energy (TRP)
MetricTPLTRP
ROE (TTM)37.07%12.15%
ROA (TTM)26.08%3.70%
Net Margin (TTM)60.71%25.05%
Operating Margin (TTM)76.20%41.66%
Gross Margin (TTM)94.09%70.07%

Growth

Revenue Growth

Both Texas Pacific Land (TPL) at 13.09% 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.

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Texas Pacific Land (TPL) vs. TC Energy (TRP): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Texas Pacific Land (TPL) at 6.04% 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.

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Texas Pacific Land (TPL) vs. TC Energy (TRP): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Texas Pacific Land (TPL) and TC Energy (TRP)
MetricTPLTRP
Revenue Growth (YoY)13.09%10.66%
Revenue Growth (3Y CAGR)6.15%7.38%
EPS Growth (YoY)6.04%-26.19%
EPS Growth (3Y CAGR)2.78%72.24%

Financial Strength

Current Ratio (MRQ)

Texas Pacific Land (TPL) at 5.41 carries current ratio above its industry’s typical mid-range, while TC Energy (TRP) at 0.57 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

TPL

Energy industry group

5.41

TPL
5.41
Max
3.64
Q3
2.21
Median
1.41
Q1
0.88
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
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Texas Pacific Land (TPL) vs. TC Energy (TRP): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Texas Pacific Land (TPL) at 0.01 keeps leverage in the lower quartile, while TC Energy (TRP) at 1.68 sits in the higher-leverage quartile.

TPL

Energy industry group

0.01

Max
1.75
Q3
0.93
Median
0.54
Q1
0.30
TPL
0.01
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
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Texas Pacific Land (TPL) 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 Texas Pacific Land (TPL) and TC Energy (TRP)
MetricTPLTRP
Current Ratio (MRQ)5.410.57
Debt / Equity (MRQ)0.011.68
Net Debt / EBITDA-0.446.08

Dividends

Dividend Yield (TTM)

TC Energy (TRP) at 5.57% delivers top-quartile income for its industry, while Texas Pacific Land (TPL) at 0.86% pays a more typical yield — both are credible income propositions, TRP the richer one.

TPL

Energy industry group

0.86%

Max
8.57%
Q3
3.58%
Median
1.71%
TPL
0.86%
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%
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Texas Pacific Land (TPL) vs. TC Energy (TRP): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Texas Pacific Land (TPL) at 27.42% 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.

TPL

Energy industry group

27.42%

Max
133.24%
Q3
53.31%
TPL
27.42%
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%
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Texas Pacific Land (TPL) vs. TC Energy (TRP): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Texas Pacific Land (TPL) and TC Energy (TRP)
MetricTPLTRP
Dividend Yield (TTM)0.86%5.57%
Dividend Payout Ratio (TTM)27.42%93.87%

Valuation

P/E Ratio (TTM)

Both Texas Pacific Land (TPL) at 32.00 and TC Energy (TRP) at 23.19 sit in the richer earnings-multiple quartile for P/E ratio, so investors are paying more for TTM earnings than they pay for typical peers.

TPL

Energy industry group

32.00

Max
39.54
TPL
32.00
Q3
21.72
Median
12.19
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
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Texas Pacific Land (TPL) vs. TC Energy (TRP): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Both look expensive on sales: TC Energy (TRP) at 4.03 sits in the upper P/S ratio quartile, and Texas Pacific Land (TPL) at 19.41 prices even higher, above its industry range.

TPL

Energy industry group

19.41

TPL
19.41
Max
5.40
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
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Texas Pacific Land (TPL) vs. TC Energy (TRP): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

Both look rich against book: TC Energy (TRP) at 3.54 sits in the upper P/B ratio quartile, and Texas Pacific Land (TPL) at 10.42 prices even higher, above its industry range.

TPL

Energy industry group

10.42

TPL
10.42
Max
4.21
Q3
2.38
Median
1.51
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
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Texas Pacific Land (TPL) vs. TC Energy (TRP): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Texas Pacific Land (TPL) and TC Energy (TRP)
MetricTPLTRP
P/E Ratio (TTM)32.0023.19
P/S Ratio (TTM)19.414.03
P/B Ratio (MRQ)10.423.54
Free Cash Flow Yield (TTM)0.43%0.77%