Phillips 66 and Kinder Morgan Extend Pipeline Open Season
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
Source: Newsfilter
- Open Season Extension: Phillips 66 and Kinder Morgan announced the extension of the second open season for the Western Gateway Pipeline until April 15, enhancing delivery options into the Los Angeles market and increasing competitive positioning in the region.
- Increased Evaluation Time: The extension provides prospective shippers additional time to complete commercial evaluations of the updated Transportation Services Agreement, ensuring they can secure remaining capacity on the pipeline, which is crucial for future business growth.
- Initial Open Season Success: The initial open season concluded in December with significant interest and commitments from shippers, indicating strong market demand for the project and suggesting substantial future commercial potential.
- Investment in Energy Infrastructure: As a leading downstream energy provider, Phillips 66 aims to enhance its capabilities in energy transportation and storage through this project, aligning with global trends towards renewable energy and a lower-carbon economy.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy KMI?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on KMI
Wall Street analysts forecast KMI stock price to fall
14 Analyst Rating
8 Buy
6 Hold
0 Sell
Moderate Buy
Current: 34.030
Low
27.00
Averages
31.62
High
36.00
Current: 34.030
Low
27.00
Averages
31.62
High
36.00
About KMI
Kinder Morgan, Inc. is an energy infrastructure company. The Company owns an interest in or operates approximately 79,000 miles of pipelines and 139 terminals. Its Natural Gas Pipelines segment includes ownership and operation of interstate and intrastate natural gas pipeline and storage systems and natural gas gathering systems and natural gas processing and treating facilities. Its Products Pipelines segment includes ownership and operation of refined petroleum products, crude oil and condensate pipelines that primarily deliver, among other products, gasoline, diesel and jet fuel, crude oil and condensate to various markets, plus the ownership and/or operation of associated product terminals and petroleum pipeline transmix facilities. Its Terminals segment includes ownership and/or operation of liquid and bulk terminal facilities and Jones Act-qualified tankers. Its CO2 segment is engaged in the production, transportation and marketing of CO2 to oil fields.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
CITIGROUP Increases Target Price for KINDER MORGAN INC to $33, Up from $28
- Price Increase Announcement: Citigroup has raised its price target for the stock of Target from $28 to $33.
- Market Implications: This adjustment reflects Citigroup's positive outlook on Target's performance and potential growth in the market.
See More
IWS Stock Price Analysis and ETF Dynamics
- Price Fluctuation Analysis: IWS's 52-week low is $108.85 and high is $154.79, with the latest trade at $146.68, indicating significant price movement within this range, reflecting market interest and investor sentiment.
- Technical Analysis Tool: Comparing the latest stock price to the 200-day moving average provides valuable insights for investors, helping to assess price trends and potential buy or sell opportunities, thereby influencing investment decisions.
- ETF Trading Mechanism: Exchange-traded funds (ETFs) operate similarly to stocks, where investors buy and sell 'units' that can be created or destroyed based on demand, reflecting market liquidity and investor sentiment shifts.
- Inflows and Outflows Monitoring: Weekly monitoring of ETF share changes highlights those experiencing notable inflows (new units created) or outflows (old units destroyed), as these liquidity changes can impact the individual stocks held within ETFs, thereby affecting market performance.
See More
Three Reliable High-Dividend Stocks
- Williams Companies Performance: With over 33,000 miles of natural gas pipelines in the U.S., Williams has achieved 13 consecutive years of adjusted EBITDA growth, and its 2025 EPS rose by 17.5%, demonstrating stability and strong cash flow during economic downturns.
- Kinder Morgan's Growth Potential: Kinder Morgan operates 79,000 miles of pipelines, reported a 12.1% revenue increase in 2025, and has raised its dividend for nine consecutive years, currently yielding 3.54%, reflecting strong orders driven by data center demand.
- Main Street Capital's High Yield: Main Street Capital offers a 5.59% dividend yield and has delivered a total return of 280.5% over the past decade, with monthly dividends showcasing its investment potential in lower-middle-market companies and stable income streams.
- Long-Term Investment Choices: These three stocks have shown strong performance over the past decade, particularly during economic uncertainty, with Williams and Kinder Morgan poised for expansion amid rising energy demand, while Main Street Capital provides stable income through diversified investments.
See More
Meta Faces New Lawsuit with $6 Million in Damages
- Meta Lawsuit Loss: Meta was found negligent in a social media addiction case in Los Angeles, resulting in $3 million in compensatory damages, with 70% borne by Meta and 30% by YouTube, highlighting the legal risks social media platforms face.
- Punitive Damages: Additionally, Meta must pay $2.1 million in punitive damages, which, while not substantial for the company, could set legal precedents for future similar cases, potentially impacting its reputation and operational strategies.
- Strong Energy Stock Performance: Since February 28, APA Corp's stock has surged 36%, reaching a 30-month high, indicating strong market demand for energy stocks amid geopolitical tensions.
- Coca-Cola CEO Departure: Coca-Cola's CEO James Quincey will leave on March 31, with the stock rising 75% since he took over in May 2017, significantly outperforming the S&P Consumer Staples index, although shares have recently fallen 8% from last month's peak.
See More
Kinder Morgan and Phillips 66 Extend Bidding Period for Western Gateway Pipeline
- Bidding Period Extension: Kinder Morgan and Phillips 66 announced the extension of the bidding period for the Western Gateway pipeline system from March 31 to April 15, aiming to provide prospective shippers with additional time to complete commercial evaluations, thereby enhancing the project's market appeal.
- Increased Pipeline Capacity: The pipeline system is expected to transport 200,000 barrels per day of refined products, displacing approximately 125,000 barrels per day that Arizona receives from California via the SFPP, significantly enhancing connectivity between the Mid-Continent and Western markets.
- Updated Transportation Services Agreement: The extended bidding period includes updates to the Transportation Services Agreement, involving adjustments to specific rates, aimed at addressing shippers' sensitivity to transportation costs and further promoting commercial collaboration.
- Market Demand Response: In response to shipper interest in remaining pipeline capacity, Kinder Morgan and Phillips 66 are actively enhancing delivery capabilities into the Los Angeles market by adding receipt points, thereby strengthening their competitive position in the energy transportation sector.
See More
Phillips 66 and Kinder Morgan Extend Pipeline Open Season
- Open Season Extension: Phillips 66 and Kinder Morgan announced the extension of the second open season for the Western Gateway Pipeline until April 15, enhancing delivery options into the Los Angeles market and increasing competitive positioning in the region.
- Increased Evaluation Time: The extension provides prospective shippers additional time to complete commercial evaluations of the updated Transportation Services Agreement, ensuring they can secure remaining capacity on the pipeline, which is crucial for future business growth.
- Initial Open Season Success: The initial open season concluded in December with significant interest and commitments from shippers, indicating strong market demand for the project and suggesting substantial future commercial potential.
- Investment in Energy Infrastructure: As a leading downstream energy provider, Phillips 66 aims to enhance its capabilities in energy transportation and storage through this project, aligning with global trends towards renewable energy and a lower-carbon economy.
See More
CITIGROUP Increases Target Price for KINDER MORGAN INC to $33, Up from $28
- Price Increase Announcement: Citigroup has raised its price target for the stock of Target from $28 to $33.
- Market Implications: This adjustment reflects Citigroup's positive outlook on Target's performance and potential growth in the market.
See More
IWS Stock Price Analysis and ETF Dynamics
- Price Fluctuation Analysis: IWS's 52-week low is $108.85 and high is $154.79, with the latest trade at $146.68, indicating significant price movement within this range, reflecting market interest and investor sentiment.
- Technical Analysis Tool: Comparing the latest stock price to the 200-day moving average provides valuable insights for investors, helping to assess price trends and potential buy or sell opportunities, thereby influencing investment decisions.
- ETF Trading Mechanism: Exchange-traded funds (ETFs) operate similarly to stocks, where investors buy and sell 'units' that can be created or destroyed based on demand, reflecting market liquidity and investor sentiment shifts.
- Inflows and Outflows Monitoring: Weekly monitoring of ETF share changes highlights those experiencing notable inflows (new units created) or outflows (old units destroyed), as these liquidity changes can impact the individual stocks held within ETFs, thereby affecting market performance.
See More
Three Reliable High-Dividend Stocks
- Williams Companies Performance: With over 33,000 miles of natural gas pipelines in the U.S., Williams has achieved 13 consecutive years of adjusted EBITDA growth, and its 2025 EPS rose by 17.5%, demonstrating stability and strong cash flow during economic downturns.
- Kinder Morgan's Growth Potential: Kinder Morgan operates 79,000 miles of pipelines, reported a 12.1% revenue increase in 2025, and has raised its dividend for nine consecutive years, currently yielding 3.54%, reflecting strong orders driven by data center demand.
- Main Street Capital's High Yield: Main Street Capital offers a 5.59% dividend yield and has delivered a total return of 280.5% over the past decade, with monthly dividends showcasing its investment potential in lower-middle-market companies and stable income streams.
- Long-Term Investment Choices: These three stocks have shown strong performance over the past decade, particularly during economic uncertainty, with Williams and Kinder Morgan poised for expansion amid rising energy demand, while Main Street Capital provides stable income through diversified investments.
See More
Meta Faces New Lawsuit with $6 Million in Damages
- Meta Lawsuit Loss: Meta was found negligent in a social media addiction case in Los Angeles, resulting in $3 million in compensatory damages, with 70% borne by Meta and 30% by YouTube, highlighting the legal risks social media platforms face.
- Punitive Damages: Additionally, Meta must pay $2.1 million in punitive damages, which, while not substantial for the company, could set legal precedents for future similar cases, potentially impacting its reputation and operational strategies.
- Strong Energy Stock Performance: Since February 28, APA Corp's stock has surged 36%, reaching a 30-month high, indicating strong market demand for energy stocks amid geopolitical tensions.
- Coca-Cola CEO Departure: Coca-Cola's CEO James Quincey will leave on March 31, with the stock rising 75% since he took over in May 2017, significantly outperforming the S&P Consumer Staples index, although shares have recently fallen 8% from last month's peak.
See More
Kinder Morgan and Phillips 66 Extend Bidding Period for Western Gateway Pipeline
- Bidding Period Extension: Kinder Morgan and Phillips 66 announced the extension of the bidding period for the Western Gateway pipeline system from March 31 to April 15, aiming to provide prospective shippers with additional time to complete commercial evaluations, thereby enhancing the project's market appeal.
- Increased Pipeline Capacity: The pipeline system is expected to transport 200,000 barrels per day of refined products, displacing approximately 125,000 barrels per day that Arizona receives from California via the SFPP, significantly enhancing connectivity between the Mid-Continent and Western markets.
- Updated Transportation Services Agreement: The extended bidding period includes updates to the Transportation Services Agreement, involving adjustments to specific rates, aimed at addressing shippers' sensitivity to transportation costs and further promoting commercial collaboration.
- Market Demand Response: In response to shipper interest in remaining pipeline capacity, Kinder Morgan and Phillips 66 are actively enhancing delivery capabilities into the Los Angeles market by adding receipt points, thereby strengthening their competitive position in the energy transportation sector.
See More
Phillips 66 and Kinder Morgan Extend Pipeline Open Season
- Open Season Extension: Phillips 66 and Kinder Morgan announced the extension of the second open season for the Western Gateway Pipeline until April 15, enhancing delivery options into the Los Angeles market and increasing competitive positioning in the region.
- Increased Evaluation Time: The extension provides prospective shippers additional time to complete commercial evaluations of the updated Transportation Services Agreement, ensuring they can secure remaining capacity on the pipeline, which is crucial for future business growth.
- Initial Open Season Success: The initial open season concluded in December with significant interest and commitments from shippers, indicating strong market demand for the project and suggesting substantial future commercial potential.
- Investment in Energy Infrastructure: As a leading downstream energy provider, Phillips 66 aims to enhance its capabilities in energy transportation and storage through this project, aligning with global trends towards renewable energy and a lower-carbon economy.
See More
