Kinder Morgan forecasts higher 2024 profit streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Net income attributable to Kinder Morgan for 2024 is expected to be $1.21 per share, up 11% from its forecast of $1.09 per share for 2023, the company said. "We expect to continue benefiting from strong natural gas market fundamentals driving growth on our existing natural gas transportation, storage, and gathering and processing assets as well as expansion opportunities," Kim Dang, chief executive officer of Kinder Morgan, said in a statement. The pipeline operator also anticipates to benefit from increased rates in refined products businesses, demand for renewable diesel and renewable diesel feedstocks, and demand for renewable natural gas.
Kinder Morgan on Monday
forecast higher 2024 earnings as the U.S. pipeline operator bets
on increased demand for transporting crude oil and gas liquids. Net income attributable to Kinder.
First Quantum Minerals will
suspend its current-year production outlook for the Cobre mine
in Panama and has initiated international arbitration over a
contested contract with the country s.
Chemours said it would be responsible for half of the settlement costs, while DuPont would provide about $39 million. The agreement resolves Ohio's claims relating to the release of per- and polyfluoroalkyl substances, or PFAS, from the companies' facilities, including the Washington Works facility located along the Ohio-West Virginia border, Chemours said in a statement.