Kinder Morgan 3Q16: Start Building Broad Run Expansion in WV

Kinder MorganKinder Morgan, the largest midstream company in the U.S., posted their third quarter 2016 update on Wednesday. The company reports its first financial loss of the year, swinging from making $186 million in 3Q15 to losing $227 million in 3Q16. A lot of that was a paper loss–a writedown on the value of the Midcontinent Express Pipeline, and from expenses incurred from the sale of their part-ownership in the Southern Natural Gas system. As they usually do, Kinder offered updates for their major pipeline projects. The one that caught our eye is news that Kinder plans to begin construction in December of the Broad Run Expansion Project increasing capacity along the Tennessee Gas Pipeline from West Virginia to Mississippi and Louisiana, allowing Antero Resources to ship more Marcellus/Utica gas to the southeast. Here’s the Kinder update…

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