KMI

Kinder Morgan Inc. (Class P) is a mid‑stream energy infrastructure company that owns and operates pipelines, storage facilities and terminals for natural gas, crude oil, refined products, carbon dioxide and renewable fuels. It generates revenue by charging fees for the transportation, storage and handling of these commodities, often under long‑term take‑or‑pay contracts. The firm is a leading player in the North American energy‑infrastructure sector, operating roughly 78,000 miles of pipelines, more than 130 terminals and over 700 billion cubic feet of working natural‑gas storage capacity. Its business model functions as a toll‑road for energy producers and downstream users, providing reliable, fee‑based services across a broad geographic footprint. This scale and fee‑based model give it a stable cash‑flow profile and a prominent position among U.S. midstream operators.