TC Energy Reports ANR Pipeline Leak, Warns Gas Outage May Last Days

TC Energy Corporation TRP has announced that it had detected a leak in the ANR pipeline system, following which its pipeline system was shut down on Wednesday. The leak was identified near Fennville, MI.Per Reuters, the pipeline was damaged by a third party and the company promptly shut the affected part after learning of the incident due to safety concerns. However, the incident caused a natural gas outage in the region. Michigan Gas Utilities noted that approximately 5,200 homes suffered due to the outage in the region. TC Energy further mentioned that as repairs and maintenance work have been undertaken for the damaged pipeline, the gas outage in Fennville could last for several days.TRP’s ANR pipeline system transports over 10 billion cubic feet of natural gas per day and has access to major gas-producing basins in North America. The pipeline spans approximately 9,300 miles and transports natural gas to the midwestern states in the United States.TRP’s Zacks Rank and Key PicksTRP, a leading energy infrastructure firm, currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks from the Energy sector are Archrock Inc. AROC, Nine Energy Service NINE and Kinder Morgan, Inc. KMI. While Archrock currently sports a Zacks Rank #1 (Strong Buy), Nine Energy Service and Kinder Morgan carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.Archrock is an energy infrastructure company based in the United States with a focus on midstream natural gas compression. It provides natural gas contract compression services and generates stable fee-based revenues. With natural gas playing an increasingly important role in the energy transition journey, AROC is expected to witness sustained demand for its services.Nine Energy Service provides onshore completion and production services for unconventional oil and gas resource development. It operates across key prolific basins in the United States, including the Permian, Eagle Ford, MidCon, Barnett, Bakken, Rockies, Marcellus and Utica, as well as throughout Canada. With a sustained demand for oil and gas in the future, the need for NINE’s services is anticipated to increase, which should position the company for growth in the long run.Kinder Morgan is a leading North American midstream player with a stable and resilient business model, largely driven by take-or-pay contracts. KMI’s stable business model shields it from commodity price volatility, resulting in predictable earnings and facilitating reliable capital returns to its shareholders.7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.9% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report TC Energy Corporation (TRP): Free Stock Analysis Report Kinder Morgan, Inc. (KMI): Free Stock Analysis Report Archrock, Inc. (AROC): Free Stock Analysis Report Nine Energy Service, Inc. (NINE): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks