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TC Energy Corporation, trading under the symbol TLLP, is a master limited partnership (MLP) that is focused on the natural gas and liquids (NGL) industry in the United States and Canada. The company provides a variety of services including the gathering, processing, transportation, and storage of natural gas and NGLs.
When it comes to financials, TC Energy reported net income of CAD 1.5 billion (approximately USD 1.2 billion) in 2020, representing a decrease from CAD 2.2 billion (approximately USD 1.7 billion) in 2019. However, it's important to note that the company's revenue increased slightly in 2020, reaching CAD 23.5 billion (approximately USD 18.5 billion), up from CAD 22.1 billion (approximately USD 17.1 billion) in 2019.
The company's earnings per unit (EPU) decreased from CAD 3.18 in 2019 to CAD 2.13 in 2020. However, TC Energy has a strong track record of paying dividends to unitholders, with a current yield of around 6.5%.
Looking ahead, TC Energy has a number of growth projects in the pipeline, including the Coastal GasLink pipeline project in Canada and the Keystone XL pipeline project in the United States. These projects, when completed, are expected to contribute to the company's revenue and earnings growth.
However, it's important to keep in mind that the company operates in a cyclical industry that can be impacted by factors such as commodity prices, global economic conditions, and government regulations. As such, investors should carefully consider these and other factors when evaluating TC Energy as a potential investment.
Please note that this information is for general informational purposes only and is not intended to be investment advice. It is always recommended to consult with a licensed financial professional before making any investment decisions.