Kinder Morgan misses quarterly revenue estimates, stays bullish on natgas demand

By Vallari Srivastava

(Reuters) – U.S. pipeline operator Kinder Morgan (NYSE:KMI) stated on Wednesday it stays bullish on development in demand for pure gasoline pushed by AI and knowledge facilities, even because it narrowly missed Wall Road’s expectations for quarterly revenue.

The pipeline operator additionally stated it’s continuing with the Trident (NSE:TRIE) Intrastate pipeline mission, a 216-mile pipeline construct that can present about 1.5 billion cubic ft per day (bcfd) of capability from Katy, Texas, to the liquefied pure gasoline and industrial hall close to Port Arthur.

Shares of the corporate have been up 1.5% after the bell.

The mission, introduced simply days after the U.S. President Donald Trump ended the moratorium on new LNG export permits, is anticipated to be in service within the first quarter of 2027.

“Between LNG exports to Mexico, energy and industrial development, our inside quantity for development within the general pure gasoline enterprise is roughly 28 bcfd between now and 2030,” CEO Kim Dang stated on a convention name with analysts.

Edward Jones analyst Nick Hummel famous that Kinder Morgan has a really massive pipeline footprint, which allows it to capitalize on the rising demand for pure gasoline.

The corporate additionally expects to take part in development alternatives stemming from U.S. President Donald Trump’s lately introduced non-public sector funding of as much as $500 billion to fund infrastructure for AI, it stated on the decision.

“There’s a variety of of us which are going to be chasing (that) alternative,” an govt added.

Nonetheless, its fourth-quarter income fell to $3.99 billion, in comparison with $4.04 billion final 12 months because it struggled with decrease crude and condensate volumes transported by means of its pipelines, which have been down about 5%.

Kinder Morgan’s adjusted revenue got here in at 32 cents per share for the three months ended Dec. 31, slightly below analysts’ estimates of 33 cents per share, based on knowledge compiled by LSEG.