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TC Energy Corporation, with the stock symbol TRGP, is a leading energy infrastructure company in North America, with a focus on natural gas pipelines. The company's primary business is the transportation and storage of crude oil, natural gas, and liquids through a network of pipelines, power generation facilities, and storage terminals in Canada, the United States, and Mexico.
In terms of financial performance, TC Energy has reported consistent growth in revenue and earnings in recent years. For the full year 2021, the company reported net income of $3.3 billion, up from $2.6 billion in 2020. Diluted earnings per share (EPS) for 2021 were $3.52, compared to $2.75 in 2020, representing a year-over-year increase of 28%.
In terms of revenue, TC Energy reported total revenues of $14.5 billion in 2021, up from $11.5 billion in 2020, representing a year-over-year increase of 26%. The growth in revenue and earnings can be attributed to the company's strong performance in its natural gas pipelines and liquids segments.
Looking forward, TC Energy is well-positioned for continued growth, driven by its robust portfolio of energy infrastructure assets and its strategic investments in new projects and expansion opportunities. The company has a strong balance sheet, with a healthy cash flow and a long-term credit rating of A- from Standard & Poor's.
In addition, TC Energy has a strong commitment to sustainability and is focused on reducing its carbon emissions and transitioning to a lower-carbon energy future. The company has set a target to reduce its greenhouse gas (GHG) emissions intensity by 30% by 2030, relative to 2019 levels.
Overall, TC Energy is a well-established and growing company in the energy infrastructure sector, with a strong track record of financial performance and a commitment to sustainability. Investors looking for exposure to the oil and gas pipelines sector may want to consider TRGP as a potential investment opportunity.