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Canadian (TSX) Oil and Gas Storage and Transportation Industry Analysis

UpdatedDec 24, 2025
DataAggregated Company Financials
Companies8
  • 7D2.1%
  • 3M-4.0%
  • 1Y8.5%
  • YTDn/a

Over the last 7 days, the Oil and Gas Storage and Transportation industry has dropped 1.5%, driven by a pullback from Enbridge of 1.9%. This takes the industry's 12 month performance to a gain of 7.5%. As for the next few years, earnings are expected to grow by 8.5% per annum.

Industry Valuation and Performance

Has the Canadian Oil and Gas Storage and Transportation Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 24 Dec 2025CA$267.9bCA$108.8bCA$11.9b22x22.5x2.5x
Fri, 21 Nov 2025CA$283.2bCA$108.9bCA$11.9b22.3x23.8x2.6x
Sun, 19 Oct 2025CA$271.1bCA$109.1bCA$13.2b18.3x20.5x2.5x
Tue, 16 Sep 2025CA$277.9bCA$109.1bCA$13.2b19.4x21x2.5x
Thu, 14 Aug 2025CA$264.7bCA$109.2bCA$13.3b19.1x20x2.4x
Sat, 12 Jul 2025CA$247.1bCA$105.9bCA$12.9b18.2x19.1x2.3x
Mon, 09 Jun 2025CA$262.0bCA$105.9bCA$12.9b18.2x20.3x2.5x
Wed, 07 May 2025CA$265.2bCA$97.7bCA$12.0b19.1x22.1x2.7x
Fri, 04 Apr 2025CA$269.7bCA$98.2bCA$12.0b20.1x22.4x2.7x
Sun, 02 Mar 2025CA$253.4bCA$95.3bCA$11.4b20x22.2x2.7x
Tue, 28 Jan 2025CA$263.6bCA$96.6bCA$13.5b19.3x19.5x2.7x
Thu, 26 Dec 2024CA$251.9bCA$96.6bCA$13.5b19x18.6x2.6x
Sat, 23 Nov 2024CA$262.8bCA$96.6bCA$13.5b18.8x19.4x2.7x
Mon, 21 Oct 2024CA$251.2bCA$91.0bCA$10.9b22x23x2.8x
Wed, 18 Sep 2024CA$233.1bCA$91.0bCA$10.9b20.4x21.3x2.6x
Fri, 16 Aug 2024CA$223.5bCA$91.1bCA$10.9b19.9x20.5x2.5x
Sun, 14 Jul 2024CA$202.7bCA$88.7bCA$10.1b20.3x20x2.3x
Tue, 11 Jun 2024CA$202.3bCA$88.7bCA$10.1b20.5x20x2.3x
Thu, 09 May 2024CA$201.4bCA$90.2bCA$10.4b19x19.3x2.2x
Sat, 06 Apr 2024CA$197.3bCA$89.0bCA$10.6b17.5x18.7x2.2x
Mon, 04 Mar 2024CA$194.1bCA$89.2bCA$10.9b17.2x17.9x2.2x
Wed, 31 Jan 2024CA$194.6bCA$88.5bCA$4.6b23.6x42.4x2.2x
Fri, 29 Dec 2023CA$193.5bCA$88.5bCA$4.6b23x42.1x2.2x
Sun, 26 Nov 2023CA$187.5bCA$88.5bCA$4.6b23.3x40.8x2.1x
Tue, 24 Oct 2023CA$176.1bCA$92.4bCA$8.0b21.7x22.1x1.9x
Thu, 21 Sep 2023CA$186.1bCA$92.4bCA$8.0b22.1x23.4x2x
Sat, 19 Aug 2023CA$179.1bCA$92.4bCA$8.0b22.2x22.5x1.9x
Mon, 17 Jul 2023CA$184.4bCA$97.3bCA$7.3b20x25.3x1.9x
Wed, 14 Jun 2023CA$190.5bCA$97.3bCA$7.3b20.4x26.2x2x
Fri, 12 May 2023CA$199.6bCA$97.3bCA$7.3b21x27.4x2.1x
Sun, 09 Apr 2023CA$197.4bCA$100.9bCA$6.6b31.1x29.8x2x
Tue, 07 Mar 2023CA$200.7bCA$100.7bCA$6.7b18.4x30.1x2x
Thu, 02 Feb 2023CA$201.0bCA$98.9bCA$12.1b15.3x16.6x2x
Sat, 31 Dec 2022CA$198.0bCA$98.9bCA$12.1b15.2x16.3x2x
Price to Earnings Ratio

16.3x


Total Market Cap: CA$198.0bTotal Earnings: CA$12.1bTotal Revenue: CA$98.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Oil and Gas Storage and Transportation Industry Price to Earnings3Y Average 23.4x202320242025
Current Industry PE
  • Investors are relatively neutral on the Canadian Oil and Gas Storage and Transportation industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 23.4x.
  • The industry is trading close to its 3-year average PS ratio of 2.3x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas Storage and Transportation industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 3.2% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Comparison

How does Canadian Oil and Gas Storage and Transportation compare with similar industries?

CA Market2.23%
Energy2.26%
Oil and Gas2.26%
Oil and Gas Storage and Transportation2.09%
Coal and Fuels7.08%
Oil and Gas Exploration and Production2.19%
Oil and Gas Refining and Marketing2.06%
Integrated Oil and Gas0.63%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
TRP TC EnergyCA$76.463.6%
+CA$2.6b		14.9%PE20.5x
ENB EnbridgeCA$64.991.2%
+CA$1.7b		8.2%PE25.4x
PPL Pembina PipelineCA$51.872.2%
+CA$645.0m		-2.2%PE18.5x
KEY KeyeraCA$44.053.0%
+CA$298.1m		1.2%PE23.4x
SOBO South BowCA$38.792.9%
+CA$231.2m		13.1%PE17.8x

Latest News

SOBO
CA$38.79
South Bow
7D
2.9%
1Y
13.1%
GEI
CA$25.73
Gibson Energy
7D
2.1%
1Y
4.7%
ENB
CA$64.99
Enbridge
7D
1.2%
1Y
8.2%

ENB: Future Returns Will Depend On U.S. Investment Shift And Dividend Durability

Enbridge's fair value estimate has nudged higher to approximately C$71.07 from about C$70.45, as analysts gradually lift price targets across the midstream peer group while factoring in slightly softer revenue growth, broadly stable margins, and a modestly higher future P/E multiple. Analyst Commentary Recent Street research on Enbridge reflects a generally constructive but still balanced stance, with incremental price target increases clustered in the mid C$60s to around C$70 and rating language that largely reinforces a hold or market perform view.
TWM
CA$4.69
Tidewater Midstream and Infrastructure
7D
-5.4%
1Y
80.4%

TWM: Rising Multiple Will Likely Outpace Slowing Profitability Ahead

Analysts modestly raised their price target on Tidewater Midstream and Infrastructure to C$7.00 from C$6.00, citing a higher assessed fair value. This comes despite trimming long term revenue growth and margin expectations, as well as applying a slightly higher discount rate and future earnings multiple.
TRP
CA$76.46
TC Energy
7D
3.6%
1Y
14.9%

TRP: Extended 2028 Outlook And Project Execution Will Shape Future Performance

Analysts have nudged their fair value estimate for TC Energy up by C$0.50 to C$78.00, citing higher price targets and increased confidence in the company’s long term growth opportunities and project execution. Analyst Commentary Recent Street research reflects a generally constructive stance on TC Energy, with multiple firms lifting ratings and price targets in response to the company’s latest operating and financial updates.
KEY
CA$44.05
Keyera
7D
3.0%
1Y
1.2%

KEY: Improved Asset Uptime Will Support Stronger Earnings And Share Price Upside

Analysts have modestly raised their price target on Keyera, with fair value estimates increasing from about C$50.71 to C$51.43. They cite expectations for sequential Q3 earnings improvement driven by higher base asset uptime and steady growth across the core business.
PPL
CA$51.87
Pembina Pipeline
7D
2.2%
1Y
-2.2%

PPL: Long Term Projects And Stable Margins Will Guide Balanced Future Outlook

Analysts have modestly raised their price target on Pembina Pipeline to approximately $59.06, citing stable long term revenue growth expectations and resilient profit margins that support maintaining a similar valuation multiple. What's in the News Pembina and PETRONAS signed a 20 year agreement for 1.0 mtpa of liquefaction capacity at the USD 4 billion Cedar LNG project, which remains on time and on budget with an expected in service date in late 2028 (company news release).
RGSI
CA$28.19
Rockpoint Gas Storage
7D
3.1%
1Y
n/a