Kinder Morgan Can't Hide From Pricing Pains in Third-Quarter 2015, Pegs Full-Year Capex at $3.5 Billion, an Industrial Info News Alert
SUGAR LAND, TX--(Marketwired - Oct 23, 2015) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Despite a slew of acquisitions in the past year, energy pipeline transportation and storage company Kinder Morgan Incorporated (NYSE:KMI) (Houston, Texas), which moves about one-third of all natural gas consumed in the U.S., saw a sharp decline in revenues and profits in third-quarter 2015 as the company was unable to escape the low commodity prices that have plagued the Oil & Gas Industry. Industrial Info is tracking more than $24 billion in active projects involving Kinder Morgan.
Within this article: Details on Kinder Morgan's quarter and projects, including the construction of a refined products pipeline South Carolina to Georgia.
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(October 23, 2015 - 6:15 AM EDT)
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