Market News AIOpen the app

Kinder Morgan is putting $4.7 billion into two new natural gas pipeline projects.

MarketRead the original at civl.com
Good for KMI

Kinder Morgan approved $4.7 billion for two gas pipelines, lifting its project backlog to $14.4 billion. The outlook improves, though service is not expected until 2030.

KMI · Kinder Morgan

AI read · Good for KMI

The AI's read

The larger project list expands Kinder Morgan's planned gas transport network and adds work to its backlog. Both lines are expected to start service in 2030, so the added capacity is years away. The expanded gas project list supports a stronger outlook despite that wait.

Get alerts for KMI

Follow Kinder Morgan (KMI) free. When we publish a story about it, you get the plain-English explanation as an alert.

Get alerts for KMI
Free on the App Store and Google Play, or on the web.