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Kinder Morgan hits record high backlog for natural gas projects

The Motley Fool +1 ·

KMI Kinder Morgan Inc
$33.72 -0.74%
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  1. 1Kinder Morgan recorded $5.4 billion in new project additions in the third quarter.
  2. 2The company's total capital project backlog reached $14.4 billion at the end of the period.
  3. 3As AI power demand emerges as a massive growth megatrend, data center developers are competing to secure power, driving demand for natural gas power plants and pipeline infrastructure.

So what's the key point?

Kinder Morgan recorded $5.4 billion in new business projects. The need for gas facilities due to AI power demand has created opportunities for the company.

Source The Motley Fool +1 · View original ↗

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