TC Energy Corporation (TRP) announced on Wednesday that it had detected a leak in its ANR pipeline system, prompting an immediate shutdown of the affected section near Fennville, Michigan. The company reported that the damage was caused by a third party, and safety concerns led to the decision to halt operations.
As a result of the leak, a natural gas outage affected around 5,200 homes in the region, according to Michigan Gas Utilities. The company stated that repairs and maintenance work are underway, but the gas outage in Fennville could last several days.
The ANR pipeline system, which spans about 9,300 miles, is a key part of TC Energy’s infrastructure. It transports over 10 billion cubic feet of natural gas daily and connects major gas-producing basins in North America to the Midwestern United States.
TRP’s Market Standing and Key Sector Picks
Currently, TC Energy holds a Zacks Rank of #3 (Hold), indicating a neutral outlook. However, there are other companies in the energy sector with higher rankings, including Archrock Inc. (AROC), Nine Energy Service (NINE), and Kinder Morgan, Inc. (KMI). Archrock, with a Zacks Rank of #1 (Strong Buy), is focused on midstream natural gas compression, while Nine Energy Service and Kinder Morgan, both rated #2 (Buy), are well-positioned in their respective markets.
Archrock provides contract compression services and generates stable revenues, benefiting from natural gas’s growing role in the energy transition. Nine Energy Service, which offers onshore completion and production services, operates in key US basins, including the Permian and Eagle Ford, and is expected to see growing demand in the future. Meanwhile, Kinder Morgan’s resilient business model, driven by long-term contracts, helps shield it from commodity price fluctuations, ensuring stable earnings and reliable returns to shareholders.
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