Kinder Morgan's Growth in Bakken, Eagle Ford Shales Offsets Weak Commodity Prices in Second-Quarter 2015

Kinder Morgan

SUGAR LAND--July 17, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Energy pipeline transportation and storage company Kinder Morgan Incorporated (NYSE:KMI) (KMI) (Houston), which moves about one-third of all natural gas consumed in the U.S., reported solid profit gains and a sharp backlog increase in the second quarter of the company's 2015 fiscal year, despite an ongoing weakness in commodity prices. The Products Pipelines and Terminals segments led the growth, bolstered largely by take-or-pay contracts. Industrial Info is tracking nearly $24 billion in projects involving KMI.

Within this article: Details on KMI's quarter and projects, including the $350 million construction of a natural gas liquids (NGL) pipeline in Ohio, and continued investments in the Elba Island liquefaction project in Georgia.

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