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Kinder Morgan Inc. kicked off earnings season for North American oil and gas midstream companies, reporting lower transportation volumes across its systems but continuing to improve its balance sheet.

The Houston-based midstreamer plans to toe the line this year when it comes to spending, setting aside less than half of what it spent in 2020. With an eye on growing exports to Mexico and to global markets by way of liquefied natural gas (LNG), Kinder Morgan is focusing on two pipeline projects serving key LNG terminals off the Gulf Coast.

The company’s continued focus on capital discipline is one benefit that analysts for midstreamers emerging from the unprecedented downturn in 2020. Activity in the Permian Basin and in the Bakken Shale also may benefit some midstream companies, while the pace of economic growth and demand recovery amid the Covid-19 pandemic also are to shape the return to normal for the midstream sector.

Listen as NGI’s Leticia Gonzales, senior editor, Markets, discusses these themes and more in the latest episode of NGI’s Hub & Flow.

Believing that transparent markets empower businesses, economies and communities, NGI works to provide natural gas price transparency for the Americas. NGI’s Hub & Flow podcast is a part of that effort.