KINDER MORGAN INC
For the period ended Dec 31, 2024. Filed Feb 13, 2025.
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FY2024 · Filed Feb 13, 2025
KMI$29.96-0.8%Stored close · as of Nov 6, 2026
Contents
Recent Developments
The following is a listing of significant developments and updates related to our major acquisitions, projects and financing transactions. “Capital Scope” is estimated for our share of the described project and includes portions not yet completed. All expected in-service dates for projects listed below assume timely receipt and continued effectiveness of all necessary permits and approvals.
| Asset or project | Description | Activity | Approx. Capital Scope (KMI Share) |
|---|---|---|---|
| Acquisition | |||
| Gas gathering and processing system announced acquisition | Acquisition of a natural gas gathering and processing system in North Dakota from Outrigger Energy II which includes a 0.27 Bcf/d processing facility and a 104-mile, large-diameter, high-pressure rich gas gathering header pipeline with 0.35 Bcf/d of capacity connecting supplies from the Williston Basin area to high-demand markets. | Expected to close in the first quarter of 2025, pending clearance under Hart-Scott-Rodino. | $640 million |
| Projects placed in service | |||
| KMTP system expansion | Expansion project included a new 30-mile, 30-inch pipeline, to deliver up to 0.4Bcf/d of Eagle Ford natural gas supply to markets along the Texas Gulf Coast and Mexico. Expansion provides transportation services, including treating, for Kimmeridge Texas Gas and other third parties. Supported by a long-term contract. | Placed in service October 2024 | $158 million |
| Central Texas pipeline | Project included installation of 22 miles of 30-inch pipeline from PHP to Sand Hill Lateral, 1.75 miles of 20-inch pipeline from Sand Hill Lateral to Texas Gas Services and three meter stations and one regulator station. | Placed in service November 2024. | $110 million |
| Other Construction Projects | |||
| Natural Gas Pipelines | |||
| South System Expansion 4 (SSE4) | Expansion project designed to increase SNG’s South Line capacity by approximately 1.2 Bcf/d. Expansion will be completed in two phases and is almost entirely comprised of brownfield looping and horsepower compression additions on the SNG and Elba Express pipeline systems. Supported by long-term contracts. | First phase expected in-service date is fourth quarter of 2028. Second phase expected in-service date is fourth quarter of 2029. | $1,659 million |
| Asset or project | Description | Activity | Approx. Capital Scope (KMI Share) |
|---|---|---|---|
| Trident Intrastate pipeline project | Project is designed to construct 216-mile pipeline which will provide approximately 1.5 Bcf/d of capacity from Katy, Texas to the LNG and industrial corridor near Port Arthur, Texas. Supported by long-term contracts. | Expected in-service date is first quarter of 2027. | $1,650 million |
| Mississippi Crossing project | Project is designed to transport up to 2.1 Bcf/d of natural gas through the construction of approximately 206 miles of 42-inch and 36-inch pipeline and three new compressor stations. Project will originate near Greenville, Mississippi, and conclude near Butler, Alabama, with connections to the existing TGP system and third-party pipelines. Supported by long-term contracts. | Expected in-service date is November 2028. | $1,637 million |
| TGP and SNG Evangeline Pass projects | Two-phase 2 Bcf/d project to serve Venture Global’s Plaquemines LNG facility (Plaquemines). With the first phase, TGP is providing approximately 0.9 Bcf/d natural gas transportation capacity to Plaquemines. Second phase, TGP and SNG will jointly provide volumes up to the remaining 1.1 Bcf/d to Plaquemines. Supported by a long-term contract. | First phase placed in service in July 2024. Second phase expected in-service date is July 2025. | $672 million |
| Altamont Green River pipeline project | Construct 43 miles of 20-inch pipeline and associated compression providing approximately 0.15 Bcf/d of capacity from the Uinta basin to the Western Chipeta processing plant. | Expected in-service date is third quarter of 2025. | $263 million |
| TVA Cumberland project | Project includes a new 32-mile pipeline to transport approximately 0.245 Bcf/d of natural gas from the existing TGP system to Tennessee Valley Authority’s (TVA) proposed 1,450 megawatt generation facility at an existing site in Cumberland, Tennessee. Supported by a long-term contract. | Expected in-service date is third quarter of 2025. (a) | $222 million |
| GCX pipeline expansion | Expansion project designed to increase natural gas deliveries by 0.57 Bcf/d from the Permian Basin to South Texas markets. Supported by long-term contracts. | Expected in-service date is second quarter of 2026. | $161 million |
| Tejas South to North expansion | South Texas to Houston Market expansion project. First phase will add compression on Tejas’ mainline and second phase will construct 14 miles of pipeline looping. Combined these projects will provide approximately 0.781 Bcf/d of capacity to key markets. | First phase expected in-service date is first quarter of 2025. Second phase expected in-service date is third quarter of 2025. | $154 million |
| Products Pipelines | |||
| Double H Pipeline system conversion | Project to convert Double H Pipeline system from crude oil to NGL service, providing Williston Basin producers and midstream companies with pipeline capacity to key market hubs. | Expected in-service date is first quarter of 2026. | $149 million |
| Diamond M expansion | Enhanced oil recovery expansion at our Diamond M field that will result in peak oil production of over 5,000 Bbl/d. | First phase placed in service in October 2024. Second phase expected in-service date in mid 2025, and peak production in 2026. | $185 million |
(a) Pending litigation may delay project.
Financings
During 2024, we issued $3,500 million of new senior notes to repay short-term borrowings, to fund maturing debt and for general corporate purposes and repaid a combined $1,900 million of maturing senior notes.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.