The performance of the Kinder Morgan Inc. (KMI) natural gas pipeline and storage assets during Winter Storm Uri drove a roughly $1.7 billion year/year earnings increase for the first quarter, leading it to raise full-year profit forecasts. CEO Steven Kean said KMI took several actions prior to and during February’s historic freeze to ensure the…
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Articles from Winter Storm Uri
Texas Storm Fallout Festers in Petrochemical, NGL Sectors
The impacts of a Winter Storm Uri, which wreaked havoc on the Texas energy system in mid-February, are lingering nearly two months later as downstream facilities await freeze-related repairs. “From a natural disaster perspective, the impact on the petrochemical space from Uri is much greater than any previous event that we’ve had in recent memory,”…
April 6, 2021
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