Kinder Morgan announces $4.2 B investment in two new natural‑gas pipelines
On October 21, 2026 Kinder Morgan Inc. confirmed final investment decisions for the 434‑mile Permian Link and the 470‑mile Southeast Connector pipelines, together representing a $4.2 billion spend. The Permian Link will move up to 2.8 billion cubic feet per day of gas, while the Southeast Connector adds 2.6 bcf/d capacity. The projects lift the company’s project backlog to $14.4 billion and sent the stock up 2.1% in after‑hours trading.
Why it matters
The expanded backlog signals future revenue growth from additional transportation capacity, which may support the company’s dividend payout. The 2.1% share‑price gain shows investors reacted positively to the new projects.
Key facts
- 1Kinder Morgan announced a $4.2 billion investment in the two pipeline projects. gurufocus.com
- 2The Permian Link pipeline is 434 miles long and will transport up to 2.8 billion cubic feet per day (Bcf/d). gurufocus.com
- 3The Southeast Connector pipeline is 470 miles long and will add 2.6 Bcf/d of capacity. gurufocus.com
- 4The announcement raised Kinder Morgan’s project backlog to $14.4 billion. gurufocus.com
- 5Kinder Morgan’s shares rose 2.1% in after‑hours trading following the news. gurufocus.com
- 6The final investment decisions were announced on October 21, 2026. gurufocus.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.