Kinder Morgan Launches $10 Billion Natural Gas Project Plan
Deep News
Oct 23
In early trading on Thursday, Kinder Morgan (KMI), a major North American energy infrastructure company, saw its shares decline by 3.4%. This came after the company outlined a $10 billion natural gas project plan, expecting to achieve double-digit earnings growth per share in response to rising demand driven by liquefied natural gas (LNG) and artificial intelligence.
Fueled by strong performance in its natural gas segment, Kinder Morgan reported a 6% year-over-year increase in EBITDA and a 16% rise in adjusted earnings per share. The company delivers over 40% of the natural gas in the United States, with significant growth in both transportation and collection volumes.
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