Kinder Morgan pipeline news

Approves cash dividend of US$0.2925 per share (US$1.17 annualised); added US$900 million to project backlog; and closed US$640 million Outrigger acquisition.

The acquisition includes a processing facility and a 104 mile, large-diameter, high-pressure rich gas gathering header pipeline connecting supplies from the Williston Basin area to high-demand markets.

“We expect 4% growth from 2024 in Adjusted EBITDA and 8% growth in Adjusted EPS due to growth projects in all our business segments, but most prominently in Natural Gas Pipelines and Energy Transition Ventures,” said Kim Dang, KMI Chief Executive Officer.

Reuters has reported that a US appeals court has put on hold approvals and permits necessary to allow a Kinder Morgan subsidiary to construct a 32 mile gas pipeline in Tennessee, at the urging of environmental groups.

Canada to sell pipeline stake to Indigenous groups through special vehicle.

Pipeline and terminal operator posts lower-than-expected 2Q23 revenue, hurt by lower commodity prices.

Natural gas transportation projects designed to deliver nearly 2 billion cubic feet per day of Eagle Ford production to Gulf Coast markets.

The National Transportation Safety Board opens public docket as part of its ongoing investigation of the fatal natural gas transmission pipeline rupture and fire in Arizona, USA.

Increasing natural gas deliveries to the South Texas markets.

Project to enhance understanding of emissions associated with the operation of assets delivering to Cheniere LNG facilities.