{"id":511486,"date":"2021-07-09T16:38:05","date_gmt":"2021-07-09T20:38:05","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/kinder-morgan-closes-on-stagecoach-assets\/"},"modified":"2021-07-09T16:38:05","modified_gmt":"2021-07-09T20:38:05","slug":"kinder-morgan-closes-on-stagecoach-assets","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/kinder-morgan-closes-on-stagecoach-assets\/","title":{"rendered":"Kinder Morgan Closes on Stagecoach Assets"},"content":{"rendered":"

<\/p>\n

Kinder Morgan Closes on Stagecoach Assets<\/b><\/p>\n

Investment expected to be immediately accretive to KMI shareholders<\/i><\/b><\/p>\n

HOUSTON–(BUSINESS WIRE<\/a>)–
\nKinder Morgan, Inc. (NYSE: KMI) today closed on its previously announced acquisition of the business of Stagecoach Gas Services LLC (Stagecoach). The Stagecoach assets include 4 natural gas storage facilities with a total FERC-certificated working gas capacity of 41 billion cubic feet and a network of FERC-regulated natural gas transportation pipelines with multiple interconnects to major interstate natural gas pipelines, including Tennessee Gas Pipeline (TGP), a KMI subsidiary.\n<\/p>\n

\n\u201cWe\u2019re pleased to add this well-positioned natural gas infrastructure to our portfolio of natural gas assets and provide additional services to our customers in the Northeast,\u201d said KMI\u2019s President of Interstate Natural Gas Pipelines Kimberly S. Watson. \u201cNatural gas continues to play a vital role as both a low emission fuel source and as a backstop to intermittent renewable power generation.\u201d\n<\/p>\n

About Kinder Morgan, Inc.<\/span><\/b><\/p>\n

\nKinder Morgan, Inc. (NYSE: KMI) is one of the largest energy infrastructure companies in North America. Access to reliable, affordable energy is a critical component for improving lives around the world. We are committed to providing energy transportation and storage services in a safe, efficient and environmentally responsible manner for the benefit of people, communities and businesses we serve. We own an interest in or operate approximately 83,000 miles of pipelines and 144 terminals. Our pipelines transport natural gas, refined petroleum products, crude oil, condensate, CO2<\/sub> and other products, and our terminals store and handle various commodities including gasoline, diesel, jet fuel, chemicals, ethanol, metals and petroleum coke. For more information, please visit www.kindermorgan.com<\/a>.\n<\/p>\n

Important Information Relating to Forward-Looking Statements<\/span><\/i><\/b><\/p>\n

This news release includes forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities and Exchange Act of 1934. Generally the words \u201cexpects,\u201d \u201cbelieves,\u201d anticipates,\u201d \u201cplans,\u201d \u201cwill,\u201d \u201cshall,\u201d \u201cestimates,\u201d and similar expressions identify forward-looking statements, which are not historical in nature. Forward-looking statements in this news release include express or implied statements concerning the proposed transaction, including the anticipated benefits to KMI\u2019s business and stockholders. Forward-looking statements are subject to risks and uncertainties and are based on the beliefs and assumptions of management, based on information currently available to them. Although KMI believes that these forward-looking statements are based on reasonable assumptions, it can give no assurance as to when or if any such forward-looking statements will materialize or their ultimate impact on KMI\u2019s operations or financial condition. Important factors that could cause actual results to differ materially from those expressed in or implied by these forward-looking statements include the risks and uncertainties described in KMI\u2019s reports filed with the Securities and Exchange Commission (SEC), including its Annual Report on Form 10-K for the year-ended December 31, 2020 (under the headings \u201cRisk Factors\u201d and \u201cInformation Regarding Forward-Looking Statements\u201d and elsewhere) and its subsequent reports, which are available through the SEC\u2019s EDGAR system at www.sec.gov<\/a> and on KMI\u2019s website at ir.kindermorgan.com. Forward-looking statements speak only as of the date they were made, and except to the extent required by law, KMI undertakes no obligation to update any forward-looking statement because of new information, future events or other factors. Because of these risks and uncertainties, readers should not place undue reliance on these forward-looking statements.<\/i><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210709005396\/en\/<\/a><\/span><\/p>\n

KINDER MORGAN CONTACTS
\n
<\/span><\/b>Melissa Ruiz
\n
Director, Corporate Communications
\n
newsroom@kindermorgan.com<\/a><\/p>\n

\nInvestor Relations
\n
(800) 348-7320
\n
km_ir@kindermorgan.com <\/a><\/p>\n

KEYWORDS:<\/b> United States North America Canada Texas<\/p>\n

INDUSTRY KEYWORDS:<\/b> Trucking Other Energy Maritime Oil\/Gas Transport Energy Other Transport<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Kinder Morgan Closes on Stagecoach Assets Investment expected to be immediately accretive to KMI shareholders HOUSTON–(BUSINESS WIRE)– Kinder Morgan, Inc. (NYSE: KMI) today closed on its previously announced acquisition of the business of Stagecoach Gas Services LLC (Stagecoach). The Stagecoach assets include 4 natural gas storage facilities with a total FERC-certificated working gas capacity of 41 billion cubic feet and a network of FERC-regulated natural gas transportation pipelines with multiple interconnects to major interstate natural gas pipelines, including Tennessee Gas Pipeline (TGP), a KMI subsidiary. \u201cWe\u2019re pleased to add this well-positioned natural gas infrastructure to our portfolio of natural gas assets and provide additional services to our customers in the Northeast,\u201d said KMI\u2019s President of Interstate Natural Gas Pipelines Kimberly … <\/p>\n

Continue reading “Kinder Morgan Closes on Stagecoach Assets”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-511486","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nKinder Morgan Closes on Stagecoach Assets - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/kinder-morgan-closes-on-stagecoach-assets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kinder Morgan Closes on Stagecoach Assets - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Kinder Morgan Closes on Stagecoach Assets Investment expected to be immediately accretive to KMI shareholders HOUSTON–(BUSINESS WIRE)– Kinder Morgan, Inc. (NYSE: KMI) today closed on its previously announced acquisition of the business of Stagecoach Gas Services LLC (Stagecoach). The Stagecoach assets include 4 natural gas storage facilities with a total FERC-certificated working gas capacity of 41 billion cubic feet and a network of FERC-regulated natural gas transportation pipelines with multiple interconnects to major interstate natural gas pipelines, including Tennessee Gas Pipeline (TGP), a KMI subsidiary. \u201cWe\u2019re pleased to add this well-positioned natural gas infrastructure to our portfolio of natural gas assets and provide additional services to our customers in the Northeast,\u201d said KMI\u2019s President of Interstate Natural Gas Pipelines Kimberly … Continue reading "Kinder Morgan Closes on Stagecoach Assets"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/kinder-morgan-closes-on-stagecoach-assets\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-09T20:38:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210709005396r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kinder-morgan-closes-on-stagecoach-assets\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kinder-morgan-closes-on-stagecoach-assets\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Kinder Morgan Closes on Stagecoach Assets\",\"datePublished\":\"2021-07-09T20:38:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kinder-morgan-closes-on-stagecoach-assets\\\/\"},\"wordCount\":609,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kinder-morgan-closes-on-stagecoach-assets\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20210709005396r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kinder-morgan-closes-on-stagecoach-assets\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kinder-morgan-closes-on-stagecoach-assets\\\/\",\"name\":\"Kinder Morgan Closes on Stagecoach Assets - 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