Reuters
Kinder Morgan forecasts higher 2024 profit
Net income attributable to Kinder Morgan for 2024 is expected to be $1.21 per share, up 11% from its forecast of $1.09 per share for 2023, the company said. “We expect to continue benefiting from strong natural gas market fundamentals driving growth on our existing natural gas transportation, storage, and gathering and processing assets as well as expansion opportunities,” Kim Dang, chief executive officer of Kinder Morgan, said in a statement. The pipeline operator also anticipates to benefit from increased rates in refined products businesses, demand for renewable diesel and renewable diesel feedstocks, and demand for renewable natural gas.