Kinder Morgan Increases Storage Capacity on Texas Pipeline System

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Kinder Morgan ($NYSE:KMI), a leading energy infrastructure company, is expanding its storage capacity on its Texas intrastate pipeline system. The company is investing in this expansion to meet the rising demand for natural gas transportation in the Texas market. This expansion will be a significant step forward in providing a reliable energy source for the region. Kinder Morgan is a publicly traded company that operates an extensive network of pipelines in North America. Its pipelines transport a variety of products, including natural gas, crude oil, petroleum products and chemicals.

Additionally, Kinder Morgan owns and operates storage facilities for its natural gas, crude oil and other products. The company has also been involved in exploring and developing LNG projects in Canada and the United States. With this investment, the company is aiming to provide more reliable energy resources to the region and increase the efficiency with which it transports natural gas. This expansion will also help to create more job opportunities in the state, as well as boost the local economy.

Share Price

The announcement came after the company’s stock opened at $16.1 and closed at the same price, down by 0.2% from its previous closing price of 16.2. Kinder Morgan’s CEO Steven Kean said the expansion is part of the company’s “ongoing effort to expand our footprint and leverage our extensive network of pipelines and storage assets to meet the growing demand for energy infrastructure in the Permian Basin.” The expansion will also help ensure the reliability of supply and provide shippers with increased operational flexibility. This move by Kinder Morgan underscores its commitment to expanding its presence in the energy infrastructure sector. Live Quote…

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

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Key Ratios Snapshot

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Analysis

GoodWhale recently conducted an analysis of KINDER MORGAN‘s wellbeing. According to the Star Chart, KINDER MORGAN is strong in dividend, medium in growth, profitability and weak in asset. KINDER MORGAN has an intermediate health score of 6/10 with regard to its cashflows and debt, making it likely to pay off debt and fund future operations. Based on this analysis, we classified KINDER MORGAN as a ‘cheetah’ type of company, one that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. This kind of company may be attractive to those who are looking for high returns, while being aware of the higher risk associated with the company’s lower profitability. Investors who are comfortable with taking on more risk in exchange for potential higher returns will likely be interested in such companies. More…

Peers

Kinder Morgan Inc is a leading pipeline transportation and energy storage company in North America. The company operates in three segments: Natural Gas Pipelines, Products Pipelines, and Terminals. Kinder Morgan’s competitors include ONEOK Inc, Kinetik Holdings Inc, and Keyera Corp.

– ONEOK Inc ($NYSE:OKE)

ONEOK Inc. is one of the largest energy midstream service providers in the United States. It owns and operates natural gas liquids (NGL) gathering, processing, transportation and storage assets, as well as natural gas pipelines. The company’s NGL business includes the gathering, processing and transportation of NGLs, as well as the storage and marketing of propane, butane and natural gasoline. The company’s natural gas business includes the transportation of natural gas through an interstate natural gas pipeline system.

– Kinetik Holdings Inc ($NASDAQ:KNTK)

Kinetik Holdings Inc is a publicly traded company with a market capitalization of 1.54 billion as of 2022. The company has a return on equity of 5.46%. Kinetik Holdings is engaged in the business of providing a range of energy storage solutions. The company’s products are used in a variety of applications including automotive, residential, commercial and industrial.

– Keyera Corp ($TSX:KEY)

Keyera Corp is a Canadian company that owns and operates energy infrastructure assets. Its business segments include natural gas gathering and processing, natural gas liquids (NGL) extraction and fractionation, transportation, storage and marketing, and power generation. The company has a market cap of 6.31B as of 2022 and a Return on Equity of 17.57%.

Summary

Kinder Morgan is expanding its Texas intrastate pipeline system to increase its storage capacity. This move is expected to be beneficial to the company, as it will enable Kinder Morgan to transport more oil and gas between different locations within the state of Texas. The additional storage capacity is expected to help the company meet the growing demand in the region and improve its operational efficiency.