Oil & Gas Midstream
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PBA vs ENB vs TRP vs PPL vs WMB
Revenue, margins, valuation, and 5-year total return — side by side.
Oil & Gas Midstream
Oil & Gas Midstream
Regulated Electric
Oil & Gas Midstream
PBA vs ENB vs TRP vs PPL vs WMB — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | |||||
|---|---|---|---|---|---|
| Industry | Oil & Gas Midstream | Oil & Gas Midstream | Oil & Gas Midstream | Regulated Electric | Oil & Gas Midstream |
| Market Cap | $26.12B | $117.81B | $67.77B | $27.40B | $89.22B |
| Revenue (TTM) | $7.81B | $65.19B | $15.14B | $9.04B | $11.92B |
| Net Income (TTM) | $1.69B | $11.80B | $3.52B | $1.18B | $2.84B |
| Gross Margin | 39.5% | — | 49.8% | 39.1% | 62.8% |
| Operating Margin | 36.0% | 16.8% | 44.0% | 23.6% | 38.8% |
| Forward P/E | 15.1x | 17.9x | 17.4x | 18.9x | 31.2x |
| Total Debt | $13.31B | $6.06B | $60.95B | $18.45B | $29.36B |
| Cash & Equiv. | $106M | $1.09B | $261M | $1.07B | $63M |
PBA vs ENB vs TRP vs PPL vs WMB — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Pembina Pipeline Co… (PBA) | 100 | 179.5 | +79.5% |
| Enbridge Inc. (ENB) | 100 | 166.4 | +66.4% |
| TC Energy Corporati… (TRP) | 100 | 158.8 | +58.8% |
| PPL Corporation (PPL) | 100 | 131.6 | +31.6% |
| The Williams Compan… (WMB) | 100 | 357.1 | +257.1% |
Price return only. Dividends and distributions are not included.
Quick Verdict: PBA vs ENB vs TRP vs PPL vs WMB
Each card shows where this stock fits in a portfolio — not just who wins on paper.
PBA carries the broadest edge in this set and is the clearest fit for income & stability and sleep-well-at-night.
- Dividend streak 2 yrs, beta 0.00, yield 5.0%
- Lower volatility, beta 0.00, Low D/E 79.4%, current ratio 0.61x
- Beta 0.00, yield 5.0%, current ratio 0.61x
- Lower P/E (15.1x vs 18.9x)
ENB is the #2 pick in this set and the best alternative if growth exposure is your priority.
- Rev growth 21.9%, EPS growth 37.6%, 3Y rev CAGR 6.9%
- 21.9% revenue growth vs PBA's 5.3%
- 5.4% ROA vs PPL's 2.6%, ROIC 6.9% vs 4.6%
TRP ranks third and is worth considering specifically for momentum.
- +32.4% vs PPL's +4.2%
Among these 5 stocks, PPL doesn't own a clear edge in any measured category.
WMB is the clearest fit if your priority is long-term compounding and valuation efficiency.
- 371.1% 10Y total return vs PBA's 127.9%
- PEG 0.47 vs ENB's 1.06
- 23.8% margin vs PPL's 13.1%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 21.9% revenue growth vs PBA's 5.3% | |
| Value | Lower P/E (15.1x vs 18.9x) | |
| Quality / Margins | 23.8% margin vs PPL's 13.1% | |
| Stability / Safety | Beta 0.00 vs WMB's 0.17, lower leverage | |
| Dividends | 5.0% yield, 2-year raise streak, vs WMB's 2.7% | |
| Momentum (1Y) | +32.4% vs PPL's +4.2% | |
| Efficiency (ROA) | 5.4% ROA vs PPL's 2.6%, ROIC 6.9% vs 4.6% |
PBA vs ENB vs TRP vs PPL vs WMB — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
PBA vs ENB vs TRP vs PPL vs WMB — Financial Metrics
Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
ENB leads in 3 of 6 categories
WMB leads 1 • PBA leads 0 • TRP leads 0 • PPL leads 0 • 2 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
Evenly matched — TRP and WMB each lead in 2 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
ENB is the larger business by revenue, generating $65.2B annually — 8.3x PBA's $7.8B. WMB is the more profitable business, keeping 23.8% of every revenue dollar as net income compared to PPL's 13.1%. On growth, TRP holds the edge at +199.4% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | |||||
|---|---|---|---|---|---|
| RevenueTrailing 12 months | $7.8B | $65.2B | $15.1B | $9.0B | $11.9B |
| EBITDAEarnings before interest/tax | $3.8B | $16.6B | $9.4B | $3.5B | $6.8B |
| Net IncomeAfter-tax profit | $1.7B | $11.8B | $3.5B | $1.2B | $2.8B |
| Free Cash FlowCash after capex | $2.3B | $3.3B | $2.1B | -$1.4B | $722M |
| Gross MarginGross profit ÷ Revenue | +39.5% | — | +49.8% | +39.1% | +62.8% |
| Operating MarginEBIT ÷ Revenue | +36.0% | +16.8% | +44.0% | +23.6% | +38.8% |
| Net MarginNet income ÷ Revenue | +21.7% | +18.1% | +23.2% | +13.1% | +23.8% |
| FCF MarginFCF ÷ Revenue | +29.4% | +5.1% | +13.6% | -15.5% | +6.1% |
| Rev. Growth (YoY)Latest quarter vs prior year | -10.8% | +5.9% | +199.4% | +2.8% | -0.6% |
| EPS Growth (YoY)Latest quarter vs prior year | -15.2% | +3.0% | +1.1% | +50.0% | +24.6% |
Valuation Metrics
ENB leads this category, winning 3 of 7 comparable metrics.
Valuation Metrics
At 16.8x trailing earnings, ENB trades at a 51% valuation discount to WMB's 34.1x P/E. Adjusting for growth (PEG ratio), WMB offers better value at 0.52x vs ENB's 1.00x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | |||||
|---|---|---|---|---|---|
| Market CapShares × price | $26.1B | $117.8B | $67.8B | $27.4B | $89.2B |
| Enterprise ValueMkt cap + debt − cash | $35.8B | $122.8B | $112.3B | $44.8B | $118.5B |
| Trailing P/EPrice ÷ TTM EPS | 23.05x | 16.77x | 27.16x | 22.98x | 34.09x |
| Forward P/EPrice ÷ next-FY EPS est. | 15.09x | 17.89x | 17.40x | 18.86x | 31.23x |
| PEG RatioP/E ÷ EPS growth rate | — | 1.00x | — | — | 0.52x |
| EV / EBITDAEnterprise value multiple | 12.87x | 7.39x | 16.15x | 12.67x | 17.56x |
| Price / SalesMarket cap ÷ Revenue | 4.58x | 1.81x | 6.09x | 3.03x | 7.47x |
| Price / BookPrice ÷ Book value/share | 2.13x | 1.87x | 2.51x | 1.27x | 5.94x |
| Price / FCFMarket cap ÷ FCF | 14.32x | 35.73x | 44.47x | — | 88.77x |
Profitability & Efficiency
ENB leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
WMB delivers a 19.0% return on equity — every $100 of shareholder capital generates $19 in annual profit, vs $5 for PPL. ENB carries lower financial leverage with a 0.10x debt-to-equity ratio, signaling a more conservative balance sheet compared to WMB's 1.96x. On the Piotroski fundamental quality scale (0–9), ENB scores 7/9 vs PBA's 5/9, reflecting strong financial health.
| Metric | |||||
|---|---|---|---|---|---|
| ROE (TTM)Return on equity | +9.9% | +18.7% | +9.4% | +5.5% | +19.0% |
| ROA (TTM)Return on assets | +4.8% | +5.4% | +3.0% | +2.6% | +4.9% |
| ROICReturn on invested capital | +6.9% | +6.9% | +5.2% | +4.6% | +7.7% |
| ROCEReturn on capital employed | +8.4% | +5.4% | +6.2% | +5.3% | +8.7% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 7 | 6 | 6 | 7 |
| Debt / EquityFinancial leverage | 0.79x | 0.10x | 1.65x | 0.85x | 1.96x |
| Net DebtTotal debt minus cash | $13.2B | $5.0B | $60.7B | $17.4B | $29.3B |
| Cash & Equiv.Liquid assets | $106M | $1.1B | $261M | $1.1B | $63M |
| Total DebtShort + long-term debt | $13.3B | $6.1B | $60.9B | $18.4B | $29.4B |
| Interest CoverageEBIT ÷ Interest expense | 4.76x | — | 2.66x | 2.64x | 3.37x |
Total Returns (Dividends Reinvested)
WMB leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in WMB five years ago would be worth $32,449 today (with dividends reinvested), compared to $14,446 for PPL. Over the past 12 months, TRP leads with a +32.4% total return vs PPL's +4.2%. The 3-year compound annual growth rate (CAGR) favors WMB at 38.6% vs PPL's 11.7% — a key indicator of consistent wealth creation.
| Metric | |||||
|---|---|---|---|---|---|
| YTD ReturnYear-to-date | +17.9% | +13.7% | +17.5% | +5.5% | +20.7% |
| 1-Year ReturnPast 12 months | +19.2% | +21.5% | +32.4% | +4.2% | +27.2% |
| 3-Year ReturnCumulative with dividends | +57.3% | +56.4% | +91.1% | +39.5% | +166.3% |
| 5-Year ReturnCumulative with dividends | +75.2% | +69.8% | +69.1% | +44.5% | +224.5% |
| 10-Year ReturnCumulative with dividends | +127.9% | +101.9% | +149.7% | +31.0% | +371.1% |
| CAGR (3Y)Annualised 3-year return | +16.3% | +16.1% | +24.1% | +11.7% | +38.6% |
Risk & Volatility
ENB leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
ENB is the less volatile stock with a -0.10 beta — it tends to amplify market swings less than WMB's 0.17 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. ENB currently trades 97.3% from its 52-week high vs PPL's 91.7% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | |||||
|---|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.00x | -0.10x | 0.01x | 0.05x | 0.17x |
| 52-Week HighHighest price in past year | $46.73 | $55.48 | $67.31 | $40.10 | $77.41 |
| 52-Week LowLowest price in past year | $35.45 | $43.59 | $46.29 | $33.12 | $55.82 |
| % of 52W HighCurrent price vs 52-week peak | +96.2% | +97.3% | +96.7% | +91.7% | +94.2% |
| RSI (14)Momentum oscillator 0–100 | 52.6 | 54.5 | 61.3 | 35.7 | 52.8 |
| Avg Volume (50D)Average daily shares traded | 1.2M | 4.2M | 2.1M | 7.3M | 5.8M |
Analyst Outlook
Evenly matched — PBA and WMB each lead in 1 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: PBA as "Buy", ENB as "Buy", TRP as "Hold", PPL as "Buy", WMB as "Buy". Consensus price targets imply 13.1% upside for PPL (target: $42) vs -13.8% for PBA (target: $39). For income investors, PBA offers the higher dividend yield at 4.97% vs ENB's 0.36%.
| Metric | |||||
|---|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy | Hold | Buy | Buy |
| Price TargetConsensus 12-month target | $38.76 | $46.86 | $62.00 | $41.57 | $79.00 |
| # AnalystsCovering analysts | 16 | 25 | 19 | 29 | 34 |
| Dividend YieldAnnual dividend ÷ price | +5.0% | +0.4% | +3.8% | +2.9% | +2.7% |
| Dividend StreakConsecutive years of raises | 2 | 0 | 0 | 2 | 8 |
| Dividend / ShareAnnual DPS | $3.04 | $0.19 | $3.37 | $1.07 | $2.00 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% | +0.3% | 0.0% | 0.0% |
ENB leads in 3 of 6 categories (Valuation Metrics, Profitability & Efficiency). WMB leads in 1 (Total Returns). 2 tied.
PBA vs ENB vs TRP vs PPL vs WMB: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is PBA or ENB or TRP or PPL or WMB a better buy right now?
For growth investors, Enbridge Inc.
(ENB) is the stronger pick with 21. 9% revenue growth year-over-year, versus 5. 3% for Pembina Pipeline Corporation (PBA). Enbridge Inc. (ENB) offers the better valuation at 16. 8x trailing P/E (17. 9x forward), making it the more compelling value choice. Analysts rate Pembina Pipeline Corporation (PBA) a "Buy" — based on 16 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — PBA or ENB or TRP or PPL or WMB?
On trailing P/E, Enbridge Inc.
(ENB) is the cheapest at 16. 8x versus The Williams Companies, Inc. at 34. 1x. On forward P/E, Pembina Pipeline Corporation is actually cheaper at 15. 1x — notably different from the trailing picture, reflecting expected earnings growth. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: The Williams Companies, Inc. wins at 0. 47x versus Enbridge Inc. 's 1. 06x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.
03Which is the better long-term investment — PBA or ENB or TRP or PPL or WMB?
Over the past 5 years, The Williams Companies, Inc.
(WMB) delivered a total return of +224. 5%, compared to +44. 5% for PPL Corporation (PPL). Over 10 years, the gap is even starker: WMB returned +371. 1% versus PPL's +31. 0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — PBA or ENB or TRP or PPL or WMB?
By beta (market sensitivity over 5 years), Enbridge Inc.
(ENB) is the lower-risk stock at -0. 10β versus The Williams Companies, Inc. 's 0. 17β — meaning WMB is approximately -265% more volatile than ENB relative to the S&P 500. On balance sheet safety, Enbridge Inc. (ENB) carries a lower debt/equity ratio of 10% versus 196% for The Williams Companies, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — PBA or ENB or TRP or PPL or WMB?
By revenue growth (latest reported year), Enbridge Inc.
(ENB) is pulling ahead at 21. 9% versus 5. 3% for Pembina Pipeline Corporation (PBA). On earnings-per-share growth, the picture is similar: Enbridge Inc. grew EPS 37. 6% year-over-year, compared to -26. 2% for TC Energy Corporation. Over a 3-year CAGR, TRP leads at 7. 3% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — PBA or ENB or TRP or PPL or WMB?
TC Energy Corporation (TRP) is the more profitable company, earning 23.
2% net margin versus 13. 1% for PPL Corporation — meaning it keeps 23. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: TRP leads at 44. 2% versus 16. 8% for ENB. At the gross margin level — before operating expenses — TRP leads at 50. 0%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is PBA or ENB or TRP or PPL or WMB more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, The Williams Companies, Inc. (WMB) is the more undervalued stock at a PEG of 0. 47x versus Enbridge Inc. 's 1. 06x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, Pembina Pipeline Corporation (PBA) trades at 15. 1x forward P/E versus 31. 2x for The Williams Companies, Inc. — 16. 1x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for PPL: 13. 1% to $41. 57.
08Which pays a better dividend — PBA or ENB or TRP or PPL or WMB?
All stocks in this comparison pay dividends.
Pembina Pipeline Corporation (PBA) offers the highest yield at 5. 0%, versus 0. 4% for Enbridge Inc. (ENB).
09Is PBA or ENB or TRP or PPL or WMB better for a retirement portfolio?
For long-horizon retirement investors, The Williams Companies, Inc.
(WMB) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 17), 2. 7% yield, +371. 1% 10Y return). Both have compounded well over 10 years (WMB: +371. 1%, ENB: +101. 9%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between PBA and ENB and TRP and PPL and WMB?
These companies operate in different sectors (PBA (Energy) and ENB (Energy) and TRP (Energy) and PPL (Utilities) and WMB (Energy)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
In terms of investment character: PBA is a mid-cap income-oriented stock; ENB is a mid-cap high-growth stock; TRP is a mid-cap income-oriented stock; PPL is a mid-cap quality compounder stock; WMB is a mid-cap quality compounder stock. PBA, TRP, PPL, WMB pay a dividend while ENB does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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