{"id":573228,"date":"2025-04-25T21:18:59","date_gmt":"2025-04-26T04:18:59","guid":{"rendered":"https:\/\/nai500.com\/?p=573228"},"modified":"2025-04-25T21:22:27","modified_gmt":"2025-04-26T04:22:27","slug":"%e5%8a%a0%e6%8b%bf%e5%a4%a7-%e5%85%ac%e7%94%a8-%e4%ba%8b%e4%b8%9a-%e8%82%a1%e7%a5%a8-%e6%8a%95%e8%b5%84-%e7%bb%84%e5%90%88-%e5%ae%9a%e6%b5%b7-%e7%a5%9e%e9%92%88","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hans\/blog\/2025\/04\/%e5%8a%a0%e6%8b%bf%e5%a4%a7-%e5%85%ac%e7%94%a8-%e4%ba%8b%e4%b8%9a-%e8%82%a1%e7%a5%a8-%e6%8a%95%e8%b5%84-%e7%bb%84%e5%90%88-%e5%ae%9a%e6%b5%b7-%e7%a5%9e%e9%92%88\/","title":{"rendered":"\u8fd9\u4e9b\u52a0\u62ff\u5927\u516c\u7528\u4e8b\u4e1a\u80a1\u7968\u662f\u6295\u8d44\u7ec4\u5408\u7684\u5b9a\u6d77\u795e\u9488"},"content":{"rendered":"

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\u73b0\u9636\u6bb5\uff0cBrookfield Infrastructure Partners\u00a0<\/b><\/strong>(TSX:BIP.UN<\/a>)\u3001Keyera<\/b><\/strong>\u00a0(TSX:KEY<\/a>)\u548cTC Energy<\/b><\/strong>\u00a0(TSX:TRP<\/a>)\u8fd9\u4e09\u53ea\u516c\u7528\u4e8b\u4e1a\u80a1\u7968\u90fd\u53ef\u4ee5\u8003\u8651\u4e70\u5165\u3002\u5982\u679c\u6709\u4e00\u7b141.5\u4e07\u52a0\u5143\u7684\u8d44\u91d1\uff0c\u5728\u8fd9\u4e09\u53ea\u80a1\u7968\u4e0a\u5404\u6295\u8d445000\u52a0\u5143\uff0c\u6839\u636e\u5f53\u524d\u7684\u80a1\u606f\u6536\u76ca\u7387\uff0c\u53ef\u4ee5\u671f\u5f85\u63a5\u8fd11000\u52a0\u5143\u7684\u5e74\u56de\u62a5\uff01\u4ec5\u4ece\u80a1\u606f\u6765\u770b\uff0c\u4e5f\u662f\u5f88\u53ef\u89c2\u7684\u3002<\/p>\n

BIP<\/b><\/strong><\/h2>\n

Brookfield Infrastructure Partners\u4ee5\u5728\u4e16\u754c\u5404\u5730\u62e5\u6709\u5404\u79cd\u5404\u6837\u7684\u57fa\u7840\u8bbe\u65bd\u8d44\u4ea7\u800c\u95fb\u540d\uff0c\u5305\u62ec\u6536\u8d39\u516c\u8def\u3001\u6e2f\u53e3\u3001\u94c1\u8def\u3001\u80fd\u6e90\u4f20\u8f93\u7ebf\uff0c\u751a\u81f3\u6570\u636e\u4e2d\u5fc3\u3002<\/p>\n

2024\u5e74\uff0c\u8be5\u516c\u53f8\u62a5\u544a\u7684\u6536\u5165\u4e3a210\u4ebf\u52a0\u5143\u3002\u5c3d\u7ba1\u51c0\u5229\u6da6\u53ea\u67093400\u4e07\u52a0\u5143\uff0c\u4f46Brookfield\u7684\u4e3b\u8981\u91cd\u70b9\u662f\u957f\u671f\u589e\u957f\u8d44\u4ea7\uff0c\u5e76\u4ea7\u751f\u53ef\u6301\u7eed\u7684\u73b0\u91d1\u6d41\u3002\u76ee\u524d\uff0c\u8fd9\u53ea\u516c\u7528\u4e8b\u4e1a\u80a1\u7968\u7684\u80a1\u606f\u6536\u76ca\u7387\u7ea6\u4e3a4.5%\u3002\u8fd9\u610f\u5473\u7740\u6295\u8d44\u8005\u53ef\u4ee5\u4ece\u6301\u6709\u7684Brookfield Infrastructure Partners\u80a1\u7968\u5355\u4f4d\u4e2d\u83b7\u5f97\u7a33\u5b9a\u7684\u6536\u5165\u3002\u8be5\u516c\u53f8\u5728\u5168\u7403\u4e0d\u540c\u7684\u9886\u57df\u5f00\u5c55\u4e1a\u52a1\uff0c\u56e0\u6b64\u6709\u80fd\u529b\u5e94\u5bf9\u5404\u79cd\u7ecf\u6d4e\u72b6\u51b5\uff0c\u800c\u4e14\u4e0d\u4f1a\u8fc7\u5ea6\u4f9d\u8d56\u4e8e\u4efb\u4f55\u4e00\u4e2a\u5355\u4e00\u7684\u5e02\u573a\u3002\u8fd9\u79cd\u591a\u6837\u5316\u662f\u4e00\u4e2a\u5173\u952e\u4f18\u52bf\u3002<\/p>\n

Keyera<\/b><\/strong><\/h2>\n

Keyera\u5728\u77f3\u6cb9\u548c\u5929\u7136\u6c14\u9886\u57df\u5f00\u5c55\u4e1a\u52a1\uff0c\u4f46\u8be5\u516c\u53f8\u672c\u8eab\u5e76\u4e0d\u94bb\u63a2\u77f3\u6cb9\u6216\u5929\u7136\u6c14\uff0c\u800c\u662f\u4fa7\u91cd\u4e8e\u4e2d\u6e38\u4e1a\u52a1\uff0c\u5305\u62ec\u52a0\u5de5\u548c\u8fd0\u8f93\u5929\u7136\u6c14\u548c\u5929\u7136\u6c14\u6db2\u4f53\u30022024\u5e74\uff0cKeyera\u521b\u4e0b\u4e8613\u4ebf\u52a0\u5143\u8c03\u6574\u540e\u606f\u7a0e\u6298\u65e7\u53ca\u644a\u9500\u524d\u5229\u6da6\uff08EBITDA\uff09\u7684\u7eaa\u5f55\u3002<\/p>\n

\u5f3a\u52b2\u7684\u4e1a\u7ee9\u662f\u7531\u8be5\u516c\u53f8\u6240\u6709\u4e0d\u540c\u4e1a\u52a1\u9886\u57df\u7684\u7a33\u5b9a\u6536\u76ca\u5171\u540c\u9a71\u52a8\u7684\uff0c\u5c55\u793a\u4e86\u6548\u7387\u548c\u9700\u6c42\u3002Keyera\u62a5\u544a\u5168\u5e74\u53ef\u5206\u914d\u73b0\u91d1\u6d41\u4e3a7.71\u4ebf\u52a0\u5143\uff0c\u76f8\u5f53\u4e8e\u6bcf\u80a13.36\u52a0\u5143\u3002Keyera\u80a1\u7968\u76ee\u524d\u7684\u80a1\u606f\u6536\u76ca\u7387\u7ea6\u4e3a6.5%\uff0c\u4e3a\u5bfb\u6c42\u5b9a\u671f\u6d3e\u606f\u7684\u6295\u8d44\u8005\u63d0\u4f9b\u4e86\u4e00\u4e2a\u76f8\u5f53\u6709\u5438\u5f15\u529b\u7684\u6536\u76ca\u673a\u4f1a\u3002\u6b64\u5916\uff0c\u5305\u62ec\u52a0\u5de5\u5382\u548c\u8fd0\u8f93\u7ba1\u9053\u5728\u5185\u7684\u7efc\u5408\u4e1a\u52a1\u4ee5\u53ca\u6218\u7565\u589e\u957f\u9879\u76ee\u6709\u52a9\u4e8e\u4fdd\u6301\u5176\u8d22\u52a1\u5f39\u6027\u3002<\/p>\n

TC Energy<\/b><\/strong><\/h2>\n

TC\u00a0Energy\u662f\u5317\u7f8e\u80fd\u6e90\u57fa\u7840\u8bbe\u65bd\u9886\u57df\u7684\u4e3b\u8981\u53c2\u4e0e\u8005\uff0c\u4ee5\u5176\u5e7f\u6cdb\u7684\u5929\u7136\u6c14\u548c\u77f3\u6cb9\u7ba1\u9053\u7f51\u7edc\u800c\u95fb\u540d\u30022024\u5e74\uff0c\u8be5\u516c\u53f8\u62a5\u544a\u6301\u7eed\u8fd0\u8425\u4ea7\u751f\u7684EBITDA\u4e3a100\u4ebf\u52a0\u5143\uff0c\u6bd4\u524d\u4e00\u5e74\u589e\u957f\u4e866%\u3002\u5f52\u5c5e\u4e8e\u666e\u901a\u80a1\u80a1\u4e1c\u7684\u51c0\u6536\u5165\u4e3a46\u4ebf\u52a0\u5143\uff0c\u5408\u6bcf\u80a14.43\u52a0\u5143\u3002<\/p>\n

\u7ba1\u7406\u5c42\u968f\u540e\u5c06\u5b63\u5ea6\u80a1\u606f\u589e\u52a0\u4e863.3%\uff0c\u8fbe\u5230\u6bcf\u80a10.85\u52a0\u5143\uff0c\u5e76\u4e14\u5df2\u7ecf\u8fde\u7eed25\u5e74\u589e\u52a0\u80a1\u606f\uff01TC Energy\u5f53\u524d\u7684\u80a1\u606f\u6536\u76ca\u7387\u7ea6\u4e3a6.5%\uff0c\u4e3a\u91cd\u89c6\u80fd\u6e90\u57fa\u7840\u8bbe\u65bd\u9886\u57df\u7a33\u5b9a\u6027\u548c\u6301\u7eed\u652f\u51fa\u7684\u6295\u8d44\u8005\u63d0\u4f9b\u4e86\u5f3a\u52b2\u7684\u6536\u5165\u6d41\u3002\u6b63\u5728\u8fdb\u884c\u7684\u9879\u76ee\uff0c\u5305\u62ecSoutheast Gateway\u7ba1\u9053\uff0c\u8868\u660e\u8be5\u516c\u53f8\u4ecd\u81f4\u529b\u4e8e\u672a\u6765\u7684\u589e\u957f\u548c\u5728\u6574\u4e2a\u5317\u7f8e\u5927\u9646\u8f93\u9001\u80fd\u6e90\u7684\u53ef\u9760\u6027\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

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