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Kinder Morgan Approves $4.7B Gas Pipeline Expansions as Backlog Hits Record

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Kinder Morgan Approves $4.7B Gas Pipeline Expansions as Backlog Hits Record

U.S. pipeline operator Kinder Morgan announced Wednesday it has approved $4.7 billion in investments for two major natural gas pipeline joint ventures.According to the company, the expansion has been driven by surging demand from data centers, power plants and liquefied natural

Directly affected

  • KMI Kinder Morgan

    Named in this report.

  • JYNT Joint

    Named in this report.

Indirectly affected

  • XOM Exxon Mobil

    Oil producers earn more when crude prices rise

  • CVX Chevron

    Oil producers earn more when crude prices rise

  • OXY Occidental Petroleum

    Oil producers earn more when crude prices rise

  • COP ConocoPhillips

    Oil producers earn more when crude prices rise

  • VLO Valero

    Refiners' profits move with crude and fuel prices

  • MPC Marathon Petroleum

    Refiners' profits move with crude and fuel prices

  • XOP SPDR S&P Oil & Gas Exploration

    A fund of oil and gas producers

  • XLE Energy Select Sector SPDR

    A fund of energy companies

  • USO United States Oil Fund

    This fund moves with oil prices

  • OIH VanEck Oil Services

    Oilfield services rise when drilling follows oil prices

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
KMI———————
JYNT———————
XOM———————
CVX———————
OXY———————
COP———————
VLO———————
MPC———————
XOP———————
XLE———————
USO———————
OIH———————

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Kinder Morgan Approves $4.7B Gas Pipeline Expansions as Backlog Hits Record Pipeline Technology Journal

Source: Pipeline Technology Journal

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How solid the energy case looks

12 out of 100

“Kinder Morgan Approves $4.7B Gas Pipeline Expansions as Backlog Hits Record” scores 12 out of 100. The score uses 1 sources.