Kinder Morgan Inc. (KMI) said its natural gas pipeline and storage business expanded substantially late in 2023 and is poised for continued growth in the year ahead. It expects to capitalize on robust natural gas production and expectations for exponential growth in export demand in the back half of the decade.

LNG Prices

The Houston-based midstream giant was first out of the gate late Wednesday in issuing its fourth quarter results. 

While the outlook is positive, fourth quarter revenues were dragged down by weakened natural gas prices. The full-year bottom line results also were adversely impacted by higher interest rates on its debt. This developed during a year in which the Federal Reserve, aka the Fed, aggressively pushed up rates to combat inflation ignited by pandemic-imposed...