Is Kinder Morgan's Growth Sustainable?
Kinder Morgan's (NYSE: KMI) stock has outperformed energy sector peers in the last couple of years. The company's strong operational performance combined with its financial discipline has brought investors back to the stock. Kinder Morgan's latest results reinforce investor's faith in the company. However, more importantly, several factors indicate that the company is firmly set for future growth.
Natural gas operations account for roughly 60% of Kinder Morgan's earnings. And that's one of its key segments where the company has seen consistent growth. Kinder Morgan's natural gas pipeline volumes grew 14% in Q4 2019 -- the eighth consecutive quarter of more than 10% year over year rise. The rise in volumes reflected in natural gas pipelines segment's earnings, which grew 10% in full-year 2019 over 2018.
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Source Fool.com
