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06/03INSIDER SELL : Kinder Morgan
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Kinder Morgan, Inc. - Gulf Coast Express Pipeline Announces Open Season for Expansion Project

05/17/2022 | 10:23am EDT

HOUSTON - Gulf Coast Express Pipeline LLC (GCX) today announced an open season to solicit commitments for an expansion project on its system.

Upon achieving a final investment decision (FID), the project will increase GCX's capacity by nearly 570 million cubic feet per day (MMcf/d).

The project will involve primarily compression expansions on the GCX system to increase natural gas deliveries from the Permian Basin to South Texas markets. Pending customer commitments, the target in-service date for the project is December 1, 2023.

GCX is jointly owned by subsidiaries of Kinder Morgan, Inc. (NYSE: KMI), DCP Midstream, LP (NYSE: DCP), an affiliate of ArcLight Capital Partners, LLC, and Kinetik Holdings Inc. (NASDAQ: KNTK) with an ownership interest of 34%, 25%, 25% and 16% respectively. Kinder Morgan Texas Pipeline (KMTP) is the operator of GCX.

About Kinder Morgan, Inc.

Kinder Morgan, Inc. (NYSE: KMI) is one of the largest energy infrastructure companies in North America. Access to reliable, affordable energy is a critical component for improving lives around the world. We are committed to providing energy transportation and storage services in a safe, efficient and environmentally responsible manner for the benefit of the people, communities and businesses we serve. We own an interest in or operate approximately 83,000 miles of pipelines, 141 terminals, and 700 billion cubic feet of working natural gas storage capacity. Our pipelines transport natural gas, refined petroleum products, crude oil, condensate, CO2 and other products, and our terminals store and handle various commodities including gasoline, diesel fuel, chemicals, ethanol, metals and petroleum coke.

About DCP Midstream, LP

DCP Midstream, LP (NYSE: DCP) is a Fortune 500 midstream master limited partnership headquartered in Denver, Colorado, with a diversified portfolio of gathering, processing, logistics and marketing assets. DCP is one of the largest natural gas liquids producers and marketers and one of the largest natural gas processors in the U.S. The owner of DCP's general partner is a joint venture between Enbridge and Phillips 66.

About ArcLight Capital Partners, LLC

ArcLight Capital Partners, LLC (ArcLight) is one of North America's leading energy infrastructure firms, helping pioneer an asset-based approach to investing in the energy sector. ArcLight has invested approximately $25 billion in 117 transactions since inception. Based in Boston, the firm's investment team employs a hands-on value creation strategy that utilizes its in-house technical, operational, and commercial specialists, as well as the firm's 1,500-person asset management affiliate.

About Kinetik Holdings Inc.

Kinetik is a fully integrated, pure-play, Permian-to-Gulf Coast midstream C-corporation operating in the Delaware Basin. Kinetik is headquartered in Houston and Midland, Texas. Kinetik provides comprehensive gathering, transportation, compression, processing and treating services for companies that produce natural gas, natural gas liquids, crude oil and water.


Victoria Oddi

Tel: (713) 420-7641


(C) 2022 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
DCP MIDSTREAM, LP 3.30% 29.46 Delayed Quote.3.78%
KINDER MORGAN, INC. 2.55% 16.895 Delayed Quote.3.91%
KINETIK HOLDINGS INC. 1.85% 34.64 Delayed Quote.10.94%
All news about KINDER MORGAN, INC.
06/14EnLink Midstream Chairman, Chief Executive Barry Davis to Retire; Replacements Named
06/14Barry Davis to Retire as EnLink Midstream's CEO, Chairman
06/03INSIDER SELL : Kinder Morgan
06/01TRANSCRIPT : Kinder Morgan, Inc. Presents at Bernstein 38th Annual Strategic Decisions Con..
05/27KINDER MORGAN : Current Report (Form 8-K)
05/27KINDER MORGAN, INC. : Regulation FD Disclosure (form 8-K)
05/20Blackstone Unit Buys 49% Stake in Elba Liquefaction LNG Joint Venture
05/20Wells Fargo Adjusts Kinder Morgan's Price Target to $20 from $21, Keeps Equalweight Rat..
05/17Kinder Morgan takes another step to expand Permian gas pipes
05/17Kinder Morgan, Inc. - Gulf Coast Express Pipeline Announces Open Season for Expansion P..
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Analyst Recommendations on KINDER MORGAN, INC.
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Financials (USD)
Sales 2022 15 765 M - -
Net income 2022 2 596 M - -
Net Debt 2022 30 856 M - -
P/E ratio 2022 14,3x
Yield 2022 6,74%
Capitalization 37 368 M 37 368 M -
EV / Sales 2022 4,33x
EV / Sales 2023 4,20x
Nbr of Employees 10 529
Free-Float 87,5%
Duration : Period :
Kinder Morgan, Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends KINDER MORGAN, INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 21
Last Close Price 16,48 $
Average target price 20,13 $
Spread / Average Target 22,1%
EPS Revisions
Managers and Directors
Steven J. Kean Chief Executive Officer & Director
Kimberly Allen Dang President & Director
David Patrick Michels Vice President-Finance
Richard D. Kinder Executive Chairman
Mark E. Huse Vice President-Business Systems
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