Kinder Morgan's Earnings Rise Due to Increased Energy Demand Amid Iran War
Kinder Morgan (KMI) reported a 38% year-over-year increase in earnings, driven by higher energy demand linked to the war with Iran. The company's natural gas pipeline segment saw a 17% rise in earnings before depreciation and amortization, supported by increased LNG exports and cold weather. The company also announced a 2% dividend increase, extending its growth streak.
Tickers: $KMI
Topics: Dividend Growth Earnings Report Energy Sector LNG Exports War Impact