Kinder Morgan reports Q2 miss, remains optimistic on natgas demand
(Reuters) -U.S. pipeline and terminal operator Kinder Morgan said on Wednesday it expects data center driven electricity need to be a significant driver of natural gas demand, after missing Wall Street estimates for second-quarter profit and revenue. The company, in its post-earnings call, reiterated that AI operations and data centers will boost demand for natural gas, adding that reliability of the fuel will help in increased reliance over other renewable sources. “We’re having commercial discussions on over 5 billion cubic feet per day (bcf/d) of opportunities related to power demand, and that includes the 1.6 of data center demand,” a company executive said in the call.
Reuters•
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