Kinder Morgan, Inc. acquired North American Natural Resources, Inc. and North American Biofuels, LLC and North American-Central, LLC for approximately $130 million.
August 10, 2022
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Kinder Morgan, Inc. (NYSE:KMI) acquired North American Natural Resources, Inc. and North American Biofuels, LLC and North American-Central, LLC for approximately $140 million on August 11, 2022. KMI expects the investment to be accretive to its shareholders.
Kinder Morgan, Inc. (NYSE:KMI) completed the acquisition of North American Natural Resources, Inc. and North American Biofuels, LLC and North American-Central, LLC for approximately $130 million on August 11, 2022.
Kinder Morgan, Inc. specializes in transporting and storing oil and gas. Net sales (including intragroup) break down by activity as follows:
- transport, processing and storage of natural gas (70.2%);
- transport of refined oil products (13.5%): gasoline, diesel, liquefied natural gas (LNG), etc.;
- transshipment and storage of petroleum products, dry and liquid bulk services (10.3%): fuel, coal, petroleum coke, cement, alumina, salt, chemical products, etc.;
- transport and sale of carbon dioxide (6%). The group also develops crude oil production activity in the Permian Basin in West Texas.
The United States accounts for 99.2% of net sales.
Kinder Morgan, Inc. acquired North American Natural Resources, Inc. and North American Biofuels, LLC and North American-Central, LLC for approximately $130 million.
KINDER MORGAN, INC. 
