TRP vs. MPLX
Compare and contrast key facts about TC Energy Corporation (TRP) and MPLX LP (MPLX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TRP or MPLX.
Correlation
The correlation between TRP and MPLX is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
TRP vs. MPLX - Performance Comparison
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Key characteristics
TRP:
1.47
MPLX:
1.62
TRP:
1.94
MPLX:
2.13
TRP:
1.28
MPLX:
1.28
TRP:
1.32
MPLX:
2.13
TRP:
7.74
MPLX:
7.69
TRP:
4.45%
MPLX:
4.04%
TRP:
22.56%
MPLX:
20.26%
TRP:
-57.79%
MPLX:
-85.72%
TRP:
-4.88%
MPLX:
-5.89%
Fundamentals
TRP:
$50.27B
MPLX:
$49.98B
TRP:
$2.92
MPLX:
$4.33
TRP:
16.48
MPLX:
11.31
TRP:
1.76
MPLX:
2.95
TRP:
3.60
MPLX:
4.49
TRP:
2.82
MPLX:
3.63
TRP:
$13.15B
MPLX:
$11.23B
TRP:
$6.36B
MPLX:
$5.04B
TRP:
$10.87B
MPLX:
$6.15B
Returns By Period
In the year-to-date period, TRP achieves a 5.70% return, which is significantly lower than MPLX's 9.47% return. Over the past 10 years, TRP has outperformed MPLX with an annualized return of 6.83%, while MPLX has yielded a comparatively lower 5.13% annualized return.
TRP
5.70%
2.32%
3.02%
32.92%
8.94%
6.83%
MPLX
9.47%
6.72%
13.90%
32.52%
36.38%
5.13%
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Risk-Adjusted Performance
TRP vs. MPLX — Risk-Adjusted Performance Rank
TRP
MPLX
TRP vs. MPLX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for TC Energy Corporation (TRP) and MPLX LP (MPLX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
TRP vs. MPLX - Dividend Comparison
TRP's dividend yield for the trailing twelve months is around 5.10%, less than MPLX's 7.38% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRP TC Energy Corporation | 5.10% | 5.42% | 7.14% | 8.63% | 7.04% | 5.82% | 3.98% | 7.15% | 3.64% | 5.94% | 6.06% | 3.20% |
MPLX MPLX LP | 7.38% | 7.33% | 8.65% | 8.80% | 11.30% | 12.71% | 10.42% | 8.22% | 6.23% | 5.86% | 4.33% | 1.83% |
Drawdowns
TRP vs. MPLX - Drawdown Comparison
The maximum TRP drawdown since its inception was -57.79%, smaller than the maximum MPLX drawdown of -85.72%. Use the drawdown chart below to compare losses from any high point for TRP and MPLX. For additional features, visit the drawdowns tool.
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Volatility
TRP vs. MPLX - Volatility Comparison
The current volatility for TC Energy Corporation (TRP) is 6.75%, while MPLX LP (MPLX) has a volatility of 7.98%. This indicates that TRP experiences smaller price fluctuations and is considered to be less risky than MPLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
TRP vs. MPLX - Financials Comparison
This section allows you to compare key financial metrics between TC Energy Corporation and MPLX LP. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
TRP vs. MPLX - Profitability Comparison
TRP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, TC Energy Corporation reported a gross profit of 1.89B and revenue of 3.62B. Therefore, the gross margin over that period was 52.0%.
MPLX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, MPLX LP reported a gross profit of 1.27B and revenue of 2.89B. Therefore, the gross margin over that period was 44.1%.
TRP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, TC Energy Corporation reported an operating income of 1.66B and revenue of 3.62B, resulting in an operating margin of 45.9%.
MPLX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, MPLX LP reported an operating income of 1.37B and revenue of 2.89B, resulting in an operating margin of 47.3%.
TRP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, TC Energy Corporation reported a net income of 1.01B and revenue of 3.62B, resulting in a net margin of 27.8%.
MPLX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, MPLX LP reported a net income of 1.13B and revenue of 2.89B, resulting in a net margin of 39.0%.