NYSE:KMI

Track all markets on TradingView - Prices are not updated in real time
Phillips 66, Kinder Morgan and HF Sinclair Move Forward With $5 Billion Western Gateway Pipeline

Phillips 66 (NYSE: PSX), Kinder Morgan (NYSE: KMI) and HF Sinclair (NYSE: DINO) have made a final investment decision to proceed with the Western Gateway Pipeline, a major new refined-products transportation system serving the western United States.

The companies finalized a joint venture in which Phillips 66 will own 49.9%, Kinder Morgan 35.1% and HF Sinclair 15%. The proposed 1,300-mile system will connect supply from St. Louis and Gulf Coast origin points with markets in Arizona and California, with designed capacity of approximately 230,000 barrels per day.

The project has an estimated enterprise value of $5 billion. Phillips 66 is expected to contribute about $2.5 billion in cash, HF Sinclair roughly $750 million and Kinder Morgan approximately $250 million, alongside Kinder Morgan pipeline assets valued at about $1.5 billion. The system is primarily backed by 10-year take-or-pay contracts, providing greater visibility into future cash flows.

Western Gateway is targeting completion in 2029, subject to regulatory approvals and permits. The project could strengthen the companies' midstream exposure while creating a new large-scale fuel transportation route into key Southwest and West Coast markets.
💬
Author
The Investor 08-11-26
Kinder Morgan reported strong first-quarter 2026 results, with net income rising to $976 million and earnings per share increasing 38% year-over-year to $0.44. Adjusted EPS grew 41%, while adjusted EBITDA climbed 18%, driven primarily by robust performance in its natural gas pipeline segment.

The company generated solid cash flow, with operating cash flow of $1.5 billion and free cash flow of $0.7 billion, supported by strong demand and high pipeline utilization. Kinder Morgan also increased its quarterly dividend by 2% and highlighted a project backlog of $10.1 billion, largely focused on natural gas infrastructure.

Management expects continued growth in natural gas demand, particularly in power generation, and reaffirmed its full-year outlook with modest earnings and dividend increases.

Source: Business Wire
💬
Author
The Investor 04-24-26
Phillips 66 and Kinder Morgan announced progress on the Western Gateway Pipeline project after securing sufficient long-term customer commitments during a successful open season.

The proposed pipeline system will transport refined petroleum products from Midwest and Gulf Coast refineries to markets in Arizona and California, with additional connectivity to Nevada. The project combines new pipeline construction from Texas to Arizona with the reversal and integration of existing pipeline assets to enable westward product flows.

The companies stated that strong market interest highlights the need for improved fuel supply flexibility and reliability in the U.S. West Coast region. The pipeline is targeted to begin operations by mid-2029, pending final agreements, regulatory approvals, and investment decisions.

The project is expected to enhance regional logistics efficiency by leveraging existing infrastructure while expanding capacity to meet long-term demand.
Business Wire
💬
Author
Global Finance News 04-20-26
Kinder Morgan, Inc. (NYSE: KMI) today announced it will release first quarter 2026 earnings results on Wednesday, April 22, 2026, after market close
💬
Author
WS Investor 04-16-26
Phillips 66 and Kinder Morgan extend open season for Western Gateway pipeline

March 25, 2026 — Phillips 66 and Kinder Morgan announced the extension of the second open season for their proposed Western Gateway Pipeline, citing continued strong interest from potential shippers.

The open season, now extended until April 15, gives customers additional time to evaluate updated transportation terms and secure capacity on the refined products pipeline, which is designed to deliver fuels into the Los Angeles market.

The project builds on earlier commitments secured during the initial open season and includes expanded delivery points via existing California infrastructure.

The companies said the extension reflects ongoing demand for new energy transportation capacity and supports further commercial evaluation of the project.
Business Wire
💬
Author
WS Investor 03-25-26
Phillips 66 and Kinder Morgan, Inc announced the launch of a second open season for the proposed Western Gateway Pipeline, targeting remaining capacity and expanded origin and destination options. The new phase adds access to the Los Angeles market through the planned reversal of an existing Kinder Morgan SFPP pipeline segment and introduces additional supply points to increase flexibility. The open season begins January 16, 2026, and closes March 31, 2026, as the partners advance plans to connect Midwest and other refinery supply to Phoenix, California, and surrounding markets.

Source: Phillips 66 and Kinder Morgan, Business Wire
💬
Author
Global Finance News 01-18-26
Kinder Morgan, Inc (NYSE: KMI) today announced it will release fourth quarter 2025 earnings results on Wednesday, January 21, 2026, after market close and will hold a live webcast and conference call.
💬
Author
Global Finance News 01-14-26
Phillips 66 and Kinder Morgan advance Western Gateway pipeline toward Los Angeles markets

Phillips 66 and Kinder Morgan closed the initial open season for the proposed Western Gateway refined products pipeline after securing strong shipper interest and commitments. The companies will launch a subsequent open season in January 2026 for remaining capacity, adding new destinations west of Colton, California, to provide access to Los Angeles markets through a joint tariff arrangement.

Source: Business Wire, December 22, 2025
💬
Author
Global Finance News 12-22-25
Kinder Morgan Reports Q2 2025 Earnings Growth and Expands Project Backlog

Kinder Morgan (NYSE: KMI) posted strong second-quarter results, with net income rising 24% to $715 million and adjusted EPS up 12% year-over-year. Adjusted EBITDA reached a record $1.97 billion, driven by gains in its Natural Gas Pipelines and Terminals segments.

The company added $1.3 billion to its project backlog, now totaling $9.3 billion, and placed $750 million in new projects into service. It also announced a quarterly dividend of $0.2925 per share, a 2% increase from the prior year.

CEO Kim Dang highlighted growing LNG demand and the supportive U.S. regulatory environment, noting the company expects to transport nearly 12 Bcf/d of gas to LNG terminals by 2028. Kinder Morgan also generated $1.6 billion in cash flow from operations and ended the quarter with a net debt-to-adjusted EBITDA ratio of 4.0.
💬
Author
European Investor 07-17-25
Kinder Morgan, Inc. (NYSE: KMI) today announced it will release second quarter 2025 earnings results on Wednesday, July 16, 2025, after market close and will hold a live webcast and conference call.
💬
Author
Global Finance News 07-09-25