Energy Transfer vs. Kinder Morgan: Which Natural Gas Pipeline Stock Is the Better Buy for the AI Power Boom?

Energy Transfer and Kinder Morgan are both positioned to benefit from AI's massive electricity demand growth, which is expected to increase 4x faster than other sectors through 2030. Kinder Morgan has greater natural gas exposure (67% vs 35%) making it more leveraged to AI power generation, but Energy Transfer offers a significantly higher dividend yield (6.7% vs 3.4%), making it more attractive for income-focused investors despite less direct AI exposure.