Inter Pipeline Ltd trades with the ticker IPL on the TSX and is in the Oil & Gas Midstream industry.
Overview
Inter Pipeline Ltd. engages in the petroleum transportation and storage, and natural gas liquids (NGL) processing businesses in Canada and Europe. The company operates through four segments: Oil Sands Transportation; Conventional Oil Pipelines; NGL Processing; and Bulk Liquid Storage. The Oil Sands Transportation segment transports petroleum products through Cold Lake, Corridor, and Polaris pipeline systems covering approximately 3,300 kilometers of pipeline and 3.8 million barrels of storage capacity; and related blending and handling services. The Conventional Oil Pipelines segment is involved in the transportation of crude oil through Bow River, Central Alberta, and Mid-Saskatchewan pipeline systems covering approximately 3,900 kilometers of pipeline and 1,635,000 barrels of storage capacity; and related blending, handling, and marketing activities. The NGL Processing segment processes pipeline natural gas to extract NGL, including ethane, propane, butane, and pentanes-plus; and fractionates NGL stream to produce ethane products and propane plus. These NGLs are used as energy products; and as a feedstock for the petrochemical and crude oil refining industries. The Bulk Liquid Storage segment engages in the storage and handling of bulk liquid products. This segment operates 8 bulk liquid storage terminals and approximately 19 million barrels of storage capacity. Inter Pipeline Ltd. was founded in 1997 and is headquartered in Calgary, Canada. As of September 3, 2021, Inter Pipeline Ltd. operates as a subsidiary of Brookfield Infrastructure Partners L.P.
Looking to invest in Inter Pipeline Ltd? Our analysis brings in the key facts, competitor research and valuation metrics for you to make an informed decision.
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IPL.TO Stock Price and Key Stats
ETF Key Stats
Exchange: TSX
Market Cap : $8206.304MM
PE Ratio: 17.071
Price: 2.7 (Updated: 3/12/2024 0:47:16)
Inter Pipeline Ltd (IPL) vs Competitors in Oil & Gas Midstream
Lets see how IPL.TO stacks up against others in the Oil & Gas Midstream asset management industry. We have identified its main peers as:AltaGas Ltd, Enbridge Inc, Keyera Corp, Pembina Pipeline Corporation, TC Energy Corporation
.Oil & Gas Midstream Industry Comparisons
| Company | Market Cap ($MM) | P/E Ratio | EV/EBITDA | Dividend Yield |
|---|---|---|---|---|
| AltaGas Ltd (ALA) | $8,525.842 | 12.819 | 11.236 | 4.1% |
| Enbridge Inc (ENB) | $102,793.536 | 17.028 | 11.31 | 7.6% |
| Inter Pipeline Ltd (IPL) | $8,206.304 | 17.071 | 22.214 | 2.6% |
| Keyera Corp (KEY) | $7,724.747 | 18.222 | 11.16 | 5.9% |
| Pembina Pipeline Corporation (PPL) | $26,451.677 | 16.1 | 11.893 | 5.6% |
EV/EBITDA: Enterprise Value to Earnings Before Interest, Taxes, Depreciation, and Amortization – this ratio compares the value of a company, including debt, to the company’s cash earnings less non-cash expenses
Industry: companies that have a lot in common
Market Cap: Market Capitalization – the total value of all a corporation’s stock
N/A: Not Applicable or Not Available
P/E: Price-to-Earnings – this ratio relates a corporation’s share price to its earnings per share
Price: Stock Price – current value to buyers and sellers
Dividend Yield: Dividend or Distribution Yield
Comparisons within Oil & Gas Midstream
- Inter Pipeline Ltd (IPL) vs AltaGas Ltd (ALA)
- ALA has higher EPS (2.26 vs 1.12). ALA has higher dividend yield (4.1% vs 2.6%). IPL has a higher P/E ratio (17.071 vs 12.819) indicating it’s more expensive.
- Inter Pipeline Ltd (IPL) vs Enbridge Inc (ENB)
- ENB has higher EPS (2.84 vs 1.12). ENB has higher dividend yield (7.6% vs 2.6%). IPL has a higher P/E ratio (17.071 vs 17.028) indicating it’s more expensive.
- Inter Pipeline Ltd (IPL) vs Keyera Corp (KEY)
- KEY has higher EPS (1.85 vs 1.12). KEY has higher dividend yield (5.9% vs 2.6%). KEY has a higher P/E ratio (18.222 vs 17.071) indicating it’s more expensive.
- Inter Pipeline Ltd (IPL) vs Pembina Pipeline Corporation (PPL)
- PPL has higher EPS (2.99 vs 1.12). PPL has higher dividend yield (5.6% vs 2.6%). IPL has a higher P/E ratio (17.071 vs 16.1) indicating it’s more expensive.
- Inter Pipeline Ltd (IPL) vs TC Energy Corporation (TRP)
- TRP has higher EPS (2.75 vs 1.12). TRP has higher dividend yield (7.1% vs 2.6%). TRP has a higher P/E ratio (19.738 vs 17.071) indicating it’s more expensive.
Our Recommendation: Hold
Shows positive EPS growth from this year to next, suggesting improving profitability.
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