KMI - Mergers and acquisitions

NGPL PROVIDES CRITICAL TRANSPORTATION, STORAGE & RELIABILITY AND IS STRATEGICALLY POSITIONED TO HELP MEET AI, DIGITAL POWER & LNG RELATED GROWTH BOSTON, May 13, 2025 /PRNewswire/ -- ArcLight Capital Partners, LLC announced its managed fund (collectively, "ArcLight") has acquired a 25% interest in Natural Gas Pipeline Company of America ("NGPL"), a strategic natural gas infrastructure system. As a result of the transaction, ArcLight will become the largest owner of NGPL with a 62.5% economic ownership interest, alongside its strategic partner Kinder Morgan, Inc. (NYSE:KMI). Kinder Morgan continues to own a 37.5% economic interest and operates NGPL.  NGPL is one of the largest interstate pipel

BOSTON, Feb. 3, 2025 /PRNewswire/ -- ArcLight Capital Partners, LLC and affiliates (collectively, "ArcLight") announced today that it has completed the acquisition of a 25% equity interest in Gulf Coast Express Pipeline LLC ("GCX") for $865 million from an affiliate of Phillips 66 (NYSE:PSX).  Going forward, GCX will be jointly owned by subsidiaries of Kinder Morgan, Inc. (NYSE:KMI) and affiliates of ArcLight. GCX will continue to be operated by a subsidiary of KMI. GCX is a premier, 500-mile natural gas pipeline with approximately 2 Bcf/d of capacity that is underpinned by a high-quality array of shippers under long-term committed contracts. GCX provides critical residue gas takeaway servic

JUNO BEACH, Fla., Dec. 28, 2023 /PRNewswire/ -- NextEra Energy Partners, LP (NYSE:NEP) today announced it has closed on its previously disclosed agreement with Kinder Morgan, Inc. (NYSE: KMI) to sell its Texas natural gas pipeline portfolio for $1.815 billion. "The completion of this sale is an important step in NextEra Energy Partners' transition plans," said John Ketchum, chairman and chief executive officer. "With the Texas natural gas pipeline portfolio sale complete, the partnership has sufficient proceeds available to address the equity buyouts of the STX Midstream and N

BOSTON, June 15, 2023 /PRNewswire/ -- An affiliate of ArcLight Capital Partners, LLC ("ArcLight") has acquired an incremental 12.5% interest in Natural Gas Pipeline Company of America LLC ("NGPL") from Brookfield Infrastructure Partners L.P. (NYSE:BIP, TSX:BIP) ("Brookfield Infrastructure"). As a result of this transaction, ArcLight's ownership in NGPL increased to 37.5% while Brookfield Infrastructure retains a 25% interest. Kinder Morgan, Inc. (NYSE:KMI) continues to operate the pipeline and holds a 37.5% interest in NGPL. "Our investment in NGPL continues to be highly representative of ArcLight's thesis in strategic natural gas infrastructure. NGPL provides critical energy reliability and

Increases RNG production and diversifies portfolio with landfill gas-to-power assets Kinder Morgan, Inc. (NYSE:KMI) today announced it has closed on the acquisition of North American Natural Resources, Inc. (NANR) and its sister companies, North American Biofuels, LLC and North American-Central, LLC. The $135 million acquisition in combined purchase price and related transaction costs includes seven landfill gas-to-power facilities in Michigan and Kentucky. Shortly following close, KMI will make a final investment decision (FID) on the conversion of up to four of the seven gas-to-power facilities to renewable natural gas (RNG) facilities with a capital spend of approximately $175 million.

Blackstone Credit has acquired EIG's 49% ownership interest in Elba Liquefaction Company ("ELC"), a joint venture entity of the Elba Island LNG facility. Kinder Morgan (NYSE:KMI) will remain as the operator and retain its 51% ownership of ELC. ELC is an LNG liquefaction facility located near Savannah, Georgia. ELC began full commercial operations in August 2020 and is comprised of 10 Movable Modular Liquefaction Units with a nameplate capacity of approximately 2.5 million tons per annum of liquefied natural gas (LNG) for export, which is equivalent to approximately 350 million cubic feet (MMcf) per day of natural gas. ELC generates stable cash flow under a 20 year contract (plus extension