Kinder Morgan Reports Net Loss for Quarter, Continues Chipping Away at Project Backlog
Kinder Morgan Reports Net Loss for Quarter, Continues Chipping Away at Project Backlog
SUGAR LAND--October 20, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--Midstream company Kinder Morgan Incorporated (NYSE:KMI) (Houston, Texas) reported a net loss of $227 million for third-quarter 2016, compared to net profit of $186 million in the same period of 2015. The company remains optimistic about its largest segment, Natural Gas, and continues chipping away at a substantial project backlog, including plans to begin construction on one of its largest planned projects next month. Industrial Info is tracking more than $23 billion of projects belonging to Kinder Morgan.
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