StockNews.AI
KMI
StockNews.AI
182 days

Kinder Morgan Closes on $640 Million Acquisition of a Natural Gas Gathering and Processing System From Outrigger Energy II

1. KMI acquired a $640 million natural gas system from Outrigger Energy II. 2. This acquisition expands KMI's infrastructure and potential revenue streams.

M&A
+0.52%Current Return
VS
+0.24%S&P 500
$26.7502/18 04:36 PM EDTEvent Start
$26.8902/19 10:31 PM EDTLatest Updated
2m saved
Insight
Article

FAQ

Why Bullish?

The acquisition could enhance KMI’s revenue, similar to past successful expansions helping share prices.

How important is it?

A significant acquisition like this suggests strong growth potential, likely influencing investor sentiment positively.

Why Long Term?

Infrastructure investments typically yield benefits over a longer timeframe; historical acquisitions suggest sustained growth.

Related Companies

KMIOUTRIGGER
HOUSTON--(BUSINESS WIRE)--KMI closes on $640 million acquisition of a natural gas gathering and processing system from Outrigger Energy II.

Related News