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Kinder Morgan to Acquire NextEra Energy Partners' Texas Pipelines for $1.82 Billion
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Kinder Morgan to Acquire NextEra Energy ...
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Kinder Morgan to Acquire NextEra Energy ...
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Kinder Morgan, a U.S. pipeline operator, is acquiring NextEra Energy Partners' gas pipelines in South Texas for $1.82 billion. The deal is expected to close in Q1 2024. The sale price represents a 10 times multiple on the estimated core profit for the portfolio.
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How will the increased consolidation in the oil and gas pipeline business impact the industry?
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