Kinder Morgan reports Q4 natural gas transport volumes up 5% from last year

The company states: “The Natural Gas Pipelines business segment’s financial performance was down slightly across most of the network in the fourth quarter of 2023 relative to the fourth quarter of 2022, primarily as a result of milder winter weather in 2023. Natural gas transport volumes were up 5% compared to the fourth quarter of 2022, primarily due to higher volumes delivered to power generation, liquefied natural gas facilities and industrial customers, as well as the return to service of El Paso Natural Gas Line 2000. Natural gas gathering volumes were up 27% from the fourth quarter of 2022, primarily from our Haynesville and Eagle Ford gathering systems. Contributions from the Products Pipelines business segment were up compared to the fourth quarter of 2022 due to higher rates on existing assets and contributions from new capital projects. Total refined products volumes were up slightly compared to the fourth quarter of 2022. Crude and condensate volumes were also up 7%. Gasoline volumes were flat to the fourth quarter of 2022 while diesel volumes were down 1%. Jet fuel volumes were up 7% versus the fourth quarter of 2022.”