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Kinder Morgan Inc KMI

Kinder Morgan, Inc. is an energy infrastructure company. The Company operates approximately 82,000 miles of pipelines and 139 terminals. Its Natural Gas Pipelines business segment includes interstate and intrastate pipelines, underground storage facilities, liquefied natural gas (LNG) liquefaction and terminal facilities, and NGL fractionation facilities. Its Products Pipelines business segment consists of its refined petroleum products, crude oil and condensate pipelines, and associated terminals, its Southeast terminals, its condensate processing facility, and its transmix processing facilities. Its Terminals business segment includes the operations of its refined petroleum product, chemical, renewable fuel, and other liquid terminal facilities and all of its petroleum coke, metal and ores facilities. Its CO2 business segment produces, transports, and markets carbon dioxide for use in enhanced oil recovery projects as a flooding medium for recovering crude oil from mature oil fields.


NYSE:KMI - Post by User

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Post by Lisaslabon Aug 22, 2022 3:35pm
165 Views
Post# 34912213

Making a big bet on turning trash into cash

Making a big bet on turning trash into cash
Natural gas pipeline giant Kinder Morgan is following a similar blueprint. Its legacy fossil fuel infrastructure generates steady cash flow. That's giving it the funds to pay an attractive dividend -- it currently yields 5.9% , and invest in expanding its operations.
The company is investing $1.1 billion to build an RNG platform using methane produced at landfills. These projects will supply incremental cash flow as they come online over the next few years. 
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