KMI
KINDER MORGAN, INC.
KINDER MORGAN, INC. (KMI) Stock News
The latest KMI headlines and market coverage — 1 recent story, updated throughout the day.
- The Motley Fool·
Kinder Morgan Just Locked In a $5 Billion Pipeline Deal. Here's What It Means for KMI's Dividend.
Kinder Morgan, Phillips 66, and HF Sinclair finalized a joint venture to build the $5 billion Western Gateway Pipeline System, a 1,300-mile pipeline expected to be completed in 2029. Kinder Morgan will own 35.1% of the project and contribute $250 million in cash plus $1.5 billion in existing pipeline assets. The project is backed by long-term take-or-pay contracts that will generate stable cash flows to support the company's dividend growth trajectory.