October 21, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Kinder Morgan Incorporated (NYSE:KMI) (Houston, Texas) is sounding the alarm on weaker commodity prices and lower crude volumes, which pummeled the company's bottom line in the third quarter. Nonetheless, it is optimistic about "a macro environment so rich with opportunities for incremental build-out of natural gas infrastructure," as one executive said. Industrial Info is tracking more than $11.75 billion worth of active and planned projects from Kinder Morgan, the bulk of which is attributed to grassroot liquefied natural gas (LNG) projects. "As we look to the future, we continue to see large opportunities for growth in natural gas between LNG, exports to Mexico, power and industrial growth," another executive said in a quarterly earnings-related conference call. Other companies featured: Blackstone Incorporated (NYSE:BX), Chatham Asset Management and Venture Global LNG Incorporated.
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