Kinder Morgan (KMI) Reports $10B Backlog Amid EOG Income Drop
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowEOG Resources (EOG) experienced a 44% YoY decline in net income, totaling $701 million, while its debt increased to $7.94 billion. In contrast, Kinder Morgan (KMI) maintains a $10 billion contracted backlog, with 90% tied to natural gas infrastructure. KMI's dividend yield stands at 3.48%, supported by long-term, fixed-fee contracts. Furthermore, the EIA anticipates U.S. LNG export capacity will rise to 27.7 Bcf/d by 2030, enhancing KMI's growth potential as transport volumes increased by 9% year over year.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About EOG Resources Inc. (EOG)
EOG Resources is a large U.S. shale oil and gas producer.
The Energy sector covers oil, gas and energy-equipment companies sensitive to commodity prices.
Earlier EOG news
EOG stock page and all news →Get the weekly market brief
One email every Monday: what moved, why, and what to watch. Free, unsubscribe anytime.
Get stories like this as they break
Our Telegram channel posts every market story the moment it is published. Free, and you can mute or leave anytime.
