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

UpdatedDec 25, 2025
DataAggregated Company Financials
Companies8
  • 7D1.0%
  • 3M-4.2%
  • 1Y8.3%
  • YTDn/a

In the last week, the Oil and Gas Storage and Transportation industry is up 2.1%, with TC Energy up 2.5%. During this same period, the Tidewater Midstream and Infrastructure underperformed, falling 6.6%. This takes the industry's 12 month performance to a gain of 8.5%. 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
Thu, 25 Dec 2025CA$270.5bCA$108.8bCA$11.9b21.9x22.8x2.5x
Sat, 22 Nov 2025CA$281.9bCA$108.9bCA$11.9b22.3x23.7x2.6x
Mon, 20 Oct 2025CA$271.1bCA$109.1bCA$13.2b18.3x20.5x2.5x
Wed, 17 Sep 2025CA$275.9bCA$109.1bCA$13.2b19.6x20.8x2.5x
Fri, 15 Aug 2025CA$267.5bCA$109.1bCA$13.2b19x20.2x2.5x
Sun, 13 Jul 2025CA$250.9bCA$105.9bCA$12.9b18.3x19.4x2.4x
Tue, 10 Jun 2025CA$262.0bCA$105.9bCA$12.9b18.2x20.3x2.5x
Thu, 08 May 2025CA$262.9bCA$97.7bCA$12.0b19.5x21.9x2.7x
Sat, 05 Apr 2025CA$264.9bCA$98.2bCA$12.0b18.8x22x2.7x
Mon, 03 Mar 2025CA$253.4bCA$95.3bCA$11.4b20x22.2x2.7x
Wed, 29 Jan 2025CA$259.6bCA$96.6bCA$13.5b18.9x19.2x2.7x
Fri, 27 Dec 2024CA$251.9bCA$96.6bCA$13.5b19x18.6x2.6x
Sun, 24 Nov 2024CA$261.2bCA$96.6bCA$13.5b18.8x19.3x2.7x
Tue, 22 Oct 2024CA$251.2bCA$91.0bCA$10.9b22x23x2.8x
Thu, 19 Sep 2024CA$231.6bCA$91.0bCA$10.9b20.4x21.2x2.5x
Sat, 17 Aug 2024CA$221.1bCA$91.0bCA$10.9b19.9x20.2x2.4x
Mon, 15 Jul 2024CA$202.7bCA$88.7bCA$10.1b20.3x20x2.3x
Wed, 12 Jun 2024CA$202.3bCA$88.7bCA$10.1b20.3x20x2.3x
Fri, 10 May 2024CA$203.7bCA$90.2bCA$10.4b19x19.6x2.3x
Sun, 07 Apr 2024CA$196.3bCA$89.0bCA$10.6b17.5x18.6x2.2x
Tue, 05 Mar 2024CA$193.7bCA$89.2bCA$10.9b17.2x17.8x2.2x
Thu, 01 Feb 2024CA$194.9bCA$88.5bCA$4.6b23.4x42.4x2.2x
Sat, 30 Dec 2023CA$191.2bCA$88.5bCA$4.6b23x41.6x2.2x
Mon, 27 Nov 2023CA$187.5bCA$88.5bCA$4.6b23.3x40.8x2.1x
Wed, 25 Oct 2023CA$176.1bCA$92.4bCA$8.0b21.7x22.1x1.9x
Fri, 22 Sep 2023CA$182.2bCA$92.4bCA$8.0b21.8x22.9x2x
Sun, 20 Aug 2023CA$179.4bCA$92.4bCA$8.0b22.2x22.5x1.9x
Tue, 18 Jul 2023CA$184.4bCA$97.3bCA$7.3b20x25.3x1.9x
Thu, 15 Jun 2023CA$188.2bCA$97.3bCA$7.3b19.9x25.9x1.9x
Sat, 13 May 2023CA$197.6bCA$97.3bCA$7.3b21x27.2x2x
Mon, 10 Apr 2023CA$197.4bCA$100.9bCA$6.6b31.1x29.8x2x
Wed, 08 Mar 2023CA$200.0bCA$100.7bCA$6.7b18.3x30x2x
Fri, 03 Feb 2023CA$201.6bCA$98.9bCA$12.1b15.1x16.6x2x
Sun, 01 Jan 2023CA$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 Market2.21%
Energy1.39%
Oil and Gas1.39%
Oil and Gas Storage and Transportation1.05%
Coal and Fuels9.60%
Oil and Gas Refining and Marketing2.89%
Oil and Gas Exploration and Production0.59%
Integrated Oil and Gas-0.46%
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$76.312.5%
+CA$1.9b		14.7%PE20.5x
ENB EnbridgeCA$64.880.3%
+CA$480.3m		8.0%PE25.4x
SOBO South BowCA$38.792.0%
+CA$156.2m		13.1%PE17.8x
PPL Pembina PipelineCA$51.690.4%
+CA$127.8m		-2.6%PE18.4x
KEY KeyeraCA$43.891.2%
+CA$119.2m		0.9%PE23.3x

Latest News

TRP
CA$76.31
TC Energy
7D
2.5%
1Y
14.7%
SOBO
CA$38.79
South Bow
7D
2.0%
1Y
13.1%
GEI
CA$25.86
Gibson Energy
7D
1.9%
1Y
5.2%
ENB
CA$64.88
Enbridge
7D
0.3%
1Y
8.0%

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$4.56
Tidewater Midstream and Infrastructure
7D
-6.6%
1Y
75.4%

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.
KEY
CA$43.89
Keyera
7D
1.2%
1Y
0.9%

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$51.69
Pembina Pipeline
7D
0.4%
1Y
-2.6%

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$28.12
Rockpoint Gas Storage
7D
1.2%
1Y
n/a