Kinder Morgan to Acquire NextEra Energy Partners' Texas Pipelines for $1.82 Billion

Kinder Morgan, a U.S. pipeline operator, will acquire NextEra Energy Partners' gas pipelines in South Texas for $1.82 billion. The deal is expected to close in Q1 2024 and will be funded with cash on hand and short-term borrowings. Exxon Mobil and Chevron's share prices declined after announcing their megadeals, with investors expressing doubts about the companies' ability to produce more out of the combined acreage.