Kinder Morgan Sees Strong Natural Gas Demand Over the Next Six Years

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Kinder Morgan News

Natural Gas,Demand,Earnings

Kinder Morgan reported a 10% increase in its earnings per share in the first quarter, adding that it expects natural gas demand to increase substantially between now and 2030.

Kinder Morgan expects demand for natural gas to increase palpably over the next six years the company said at the release of its first-quarter financial results. In it, the company reported a 10% increase in its earnings per share, even though these came a bit below analyst expectations, and an annual increase in net profit from $679 million in the first quarter of 2023 to $746 million this year.

” Dang went on to forecast a surge in the demand for natural gas from the power generation industry in response to the increase in electricity demand from the information technology sector as the use of artificial intelligence increases. At the same time, Dang brushed off the Biden administration’s pause in approvals for new LNG export capacity, saying it would not affect Kinder Morgan’s LNG plans. Natural gas, which currently meets 43.1% of U.S.

Natural Gas Demand Earnings Profit Natural Gas Prices

 

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