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23712 - Oil & Gas Pipeline Construction in the US (Statistics…
23712 - Oil & Gas Pipeline
Construction in the US
Statistics
Projected annual growth 2019 - 2024 = 1.6%
Total revenue in 2019 = $63.4 billion
Annual growth 2014 - 2019 = 2.8%
Profit margin 2019 = 6.5%
Number of businesses = 2,363
Trends
Environmental regulations hinder development projects
Steady expansion into natural gas
Increased demand for pipeline infrastructure
SWOT
Weakness = high customer class concentration
Opportunities = high revenue growth
Strength = low imports and high revenue per employee
Threats = world price of natural gas
DTE Energy
Net income
2019 = 1,169,000
2018 = 1,120,000
Total revenue
2018 = 14,212,000
2019 = 12,669,000
