Financial StabilityGibson stands out with a strong balance sheet, positive free cash flow after dividends and the capacity for substantial capital return.
Growth ProspectsPembina has a visible EBITDA growth trajectory tied to rising NGL volumes and an expansive market position.
Operational EfficiencyTC Energy is taking action to avoid past mistakes through stricter capital discipline, which may lead to EBITDA upside and potential for valuation multiple expansion.