Kinder Morgan Signals Focus on Gas in Q4 Report ...Middle East

OILPRICE - Economy
Kinder Morgan Signals Focus on Gas in Q4 Report
source : OILPRICE ( Middle East ) () 48
Kinder Morgan is betting big on natural gas as demand is expected to soar, the company signaled in its fourth-quarter 2024 financial report. In the quarterly financial update, the pipeline company reported an 11% annual jump in earnings per share for the last quarter of 2024, at $0.30, slightly below analyst expectations. Revenue for the quarter dipped on an annual basis, however, because of low crude oil and condensate volumes on its pipeline network. These volumes were down by 5% on the year in Q4 2024. “KMI had a very strong fourth quarter…

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