Kinder Morgan Inc. (KMI), the leading US pipeline feed-gas company for liquefied natural gas plants and a key energy infrastructure operator and developer, said it agreed to acquire STX Midstream, the South Texas unit of NextEra Energy Partners, for $1.815 billion.
Kinder Morgan, the US pipeline giant and key shareholder in the LNG export plant in Georgia and the Gulf LNG project in Mississippi, has agreed on the $1.22 billion acquisition of Stagecoach Gas Services, a natural gas pipeline and storage joint venture with assets serving the Marcellus Shale basin and northeast utilities.
Kinder Morgan, the US natural gas pipeline operator and stakeholder in LNG exports and projects, reported first-quarter net income of $1.40 billion compared was a net loss of $306M in the prior-year quarter and said a new Louisiana pipeline expansion to serve Train 6 at Sabine Pass LNG was on track.