Kinder Morgan Profit Rises as Fuel Demand Heats Up

Kinder Morgan also posted a 3% rise in gas pipeline volumes as a scramble to fill gas inventories before the winter heating season in Europe and Asia steadily boosted exports of LNG from the U.S.

Reuters

Kinder Morgan Inc. posted a 4.1% jump in adjusted profit for the third quarter on Oct. 20, as a rebound in fuel demand from pandemic lows boosted the pipeline operator’s volumes.

With people taking to the roads again and air travel picking up as international borders reopen, Kinder Morgan reported a jump of 9% in gasoline volumes and a 56% surge in jet fuel volumes.

The company also posted a 3% rise in gas pipeline volumes as a scramble to fill gas inventories before the winter heating season in Europe and Asia steadily boosted exports of LNG from the U.S.

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